Weakened Restaurant Valuations Generate Wealth Transfer Opportunities
A restaurant's value is tied to its expected future cash flows, however, due to the pandemic and its impact on the economy, companies have seen expected cash flows fall, and the risks to those cash flows rise. While 2020 has undoubtedly been a challenging year, the current environment has created a unique opportunity for restaurant owners to look ahead and consider transitioning wealth to the next generation in a tax-efficient manner.
While lower values may make restaurant owners less interested in selling their business in the near-term, lower values are attractive to those who instead wish to gift equity in their business to family or others either permanently, or in advance of a future sale. Lower restaurant values, combined with favorable estate tax exemption and rates, make now an ideal time for most restaurant owners looking to transition wealth. Learn more by visiting us online.
Webinar Recording: Does the PPP Finish Line Keep Moving?
Yesterday, our COVID-19 response team discussed the latest PPP updates, including the EZ form, pending legislation, FTE calculations, and more. We're pleased to provide exclusive access to the webinar recording to ensure you are up to date on the business news that matters most.
SBA PPP: 23 New FAQs, Transportation Definition
Last week, the U.S. Treasury Department released several new FAQs, one of which defines transportation expenses. While most information had been addressed previously in the forgiveness application, there are a few points of clarification worth noting.
Survey Says: Operational Changes and Opportunities
Now that many restaurants are back open under various restrictions, we are pleased to sharewhat has been learned, along with anticipated changes into the future, including industry survey results designed to be used as a tool to navigate challenges amid the pandemic.
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GBQ Partners LLC, 230 West Street, Suite 700, Columbus, OH 43215, 6149475301
