Insights & Perspectives

Considered writing on the financial questions that matter.

Short essays on stewardship, governance, and the strategic finance decisions facing clubs, hospitality-focused businesses, and the growing businesses that lead their sectors.

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Opening a Second Restaurant Location: Run This Math Before You Sign the Lease

Most second locations get justified by the first location's P&L — a document that quietly flatters the owner. Here's the math to run before you sign, and the cases where expansion actually clears it.

August 20266 min read

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