It has been widely reported that Inspire Brands, controlled by private equity firm, Roark Capital, is negotiating to buy Dunkin’ Brands (DNKN) for about $11 billion, including approximately $3 billion of debt. This amounts to about 22x EBITDA in calendar 2019, and the same multiple of consen… Read more >>Inspire Brands About to Pay Up For Dunkin Brands—Are They Out of Their Minds? Not Quite!!

Concerns from participating banks about the amount of interest they can charge for Payroll Protection Loans, and continued questions about eligibility and use of proceeds, forced the Small Business Administration (SBA) to issue revised loan guidelines late Thursday night. Read more >>SBA Changes Rules for Payroll Protection Loans-Raises Interest Rate to 1%, Reduces Maturity from Ten Years to Two and Requires 75% of Loan Proceeds to Cover Payroll Costs

Restaurants in major markets across the country are struggling to adjust to labor shortages, pay increased health care costs, absorb rising food costs and steep rents, and deal with the expectations of today's consumers. Some are downsizing, and Others are turning to delivery apps to grow re… Read more >>Still Too Many Restaurants

Inspire Brands, affiliated with private equity firm Roark Capital, announced the intended purchase of Sonic Corp. (SONC), at a premium of about 18% to the market price prior to the offer. Visit to view free restaurant company descriptions and other articles. Read more >>Thoughts on Who’s Next

The recent press release by Restaurant Brands International (NYSE-QSR) relating to initiatives at Tim Hortons, 
its now admitted troubled subsidiary that contributes about half of its corporate EBITDA, tells us a
lot about the prospects for the company over the next few years. Visit www.roge… Read more >>Restaurant Brands International (NYSE-QSR)—A Single-Digit Grower for the Foreseeable Future

    QSR reported their first quarter results on April 25th, including eagerly awaited commentary regarding the important relationship with their Tim Horton franchisees. Visit to view free restaurant company descriptions and other articles. Read more >>Roger Lipton: Restaurant Brands International (QSR) – A Great Number of Moving Parts, Financial, Legal, Operationally in the First Quarter

      With tax reform legislation now law, it's important than restaurant accounting, finance and tax professionals understand the important changes brought about by this legislation in order to take full advantage of the changes. We covered this topic in a webinar which you can now watch here. Read more >>2018 Tax Reform Webinar