Self-study: The Restaurant Industry - Trends, Restructurings and Reorganizations

This one hour program presents an analysis of and insights into the current state of the restaurant industry. Taught by two experts with many years of experience, it offers a clear outline of the most important challenges for restaurant companies, and examines practical considerations for bankruptcy and restructuring professionals that work in this area.

Learning Objectives
After completing this program, participants will be able to:

  1. List five major post-recession trends in the restaurant industry and discuss current cost and operational challenges.
  2. Discuss issues and impacts of financial trends evinced in 1) robust mergers and acquisitions activity and 2) increased lending.
  3. Explain the dynamics of each of these causes of financial distress in the restaurant industry: 1) damage to customer proposition; 2) excessive leverage; 3) unprofitable restaurants; 4) unproductive overhead.
  4. Identify considerations that are of particular importance in out-of-court restructurings for this industry (especially initial steps, improvement of cash flow).
  5. Identify considerations of particular importance to restaurant industry bankruptcies with respect to the following: first day motions, leases, PACA claims, 503(b)(9) claims, franchise situations.

Instructor

Gene Baldwin, Director, Deloitte Transactions and Business Analytics LLP–Mr. Baldwin has more than 25 years of interim management and advisory experience. He served as president and CRO of a 350–unit franchised quick–service restaurant chain with total sales of nearly $400 million; his improvements increased EBITDA from a projected $7 million to more than $10 million.

Holland O’Neil, Partner, Gardere Wynne Sewell LLP–A partner in the Bankruptcy and Business Reorganization Practice Group of Gardere Wynne Sewell LLP, Ms. O’Neil is recognized as a leading bankruptcy practitioner in Texas with 25 years of experience in this area. Holly has a comprehensive practice including complex bankruptcies, restructurings and workouts, acquisitions of distressed assets and bankruptcy litigation.

Price $65
CPE Credit Recommended, 1 CPE Credit hour(s), field of study—Accounting - Technical;
Knowledge level Basic—Most beneficial to CPAs and other financial advisors new to a skill or attribute, including individuals at staff or entry level in an organization as well as seasoned professionals who desire increased knowledge in the subject matter.
Additional Info Online registration and payment of fee will allow materials to be shipped to participant’s address and participant to submit request for CPE credit after completing the requirements (instructions enclosed with materials). Presenters’ PowerPoint slides for reference are included with materials. If unable to register online, participants may call AIRA’s office at (541) 858-1665 to order.
Format CD (Audio/Video) with Manual
Prerequisites None
Advance prep None

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Refunds:

Requests for refunds must be received within 10 days after receipt of course subject to a $25 cancellation fee and return of all materials in good condition.

Questions and Complaints Resolution

For assistance or questions regarding refund, complaint and/or program cancellation policies, please contact our offices at 541.858.1665. For additional questions or for resolution of any complaint send email to James Lukenda, Executive Director, jlukenda@aira.org

National Registry of CPE Sponsors

Association of Insolvency & Restructuring Advisors (AIRA) is registered with the National Association of State Boards of Accountancy (NASBA) as a sponsor of Continuing Professional Education (CPE) for group training on the National Registry of CPE Sponsors.

NASBA CPE Credits are made available and awarded for AIRA group training that complies with the Statement on Standards for CPE Programs. In accordance with these Standards, relevant group training details are disclosed to learners in advance via email invitations, registration websites, or other similar advance announcements.

AIRA’s CPE Sponsor ID Numbers:

  • NASBA National Registry: 103243
  • Texas State Board of Public Accountancy: 003242

Complaints regarding NASBA National Registry CPE Sponsors may be submitted to NASBA via their website, NASBARegistry.org. State boards of accountancy have final authority on the acceptance of CPE Credits for Certified Public Accountants (CPAs).