Restaurant
Related Services
For Legal Proceedings
Expert Witness - Lease Negotiations
Business Appraisal - Restaurant Business Broker
Expert Witness
Attorney's have discovered an exceptionally qualified expert witness with over 50 years experience in the hospitality
industry, including restaurants, bars, hotels and many food and entertainment related businesses. Lloyd Gordon is that expert
witness. An examination of his Civitas Vitae will show why these attorney's have confidence that he will render precise and valuable
legal opinions that are beneficial to their legal clients.
When Mr. Gordon is selected by many attorneys as an expert witness,
they get a professional in the hospitality industry as well as an analyst
who can size up a situation and assist toward a favorable outcome. Mr.
Gordon will first analyze the facts presented to him and then aid
an attorney, if necessary, in structuring the "best foodservice
industry legal plan of action" to achieve the legal results sought.
Second, Mr. Gordon will render what in his expert opinion is the truth
of the matter involved and substantiate this opinion with more than
50 years of real time experience in the hospitality field. Of course, he does depositions
and in-court testimony. He has served in cases in which the plaintiff
won large awards. On the other hand, he provided opinions that mitigated
the claims against many defendant clients.
Click for additional information
regarding Expert Witness services.
Lease Negotiations
A restaurant lease can either strangle or help your client’s
restaurant thrive. If your client plans on renting the premises, the
business lease is as important as the physical facilities of the enterprise.
A restaurant lease is often more complicated than other business leases.
This is because someone is making a large investment in the build-out
and an equitable arrangement must be derived to get it repaid. Most
of the fixtures and mechanicals such as plumbing, ventilation and lighting
are not recoverable. Once installed, they usually remain in the property.
Also, the time it takes to open for business is usually four to nine
months from the signing of the lease. This results primarily from the
fact that a restaurant project must be approved by the zoning commissions,
local building and health departments, and local, county, state and
federal licensing agencies. Each one of these takes their own span
of time to give their okays. Also, often equipment that is required
in the restaurant’s operation must be fabricated to order. This
can postpone the completion of the project by six to eight weeks.
GEC knows first hand that a restaurant lease is one of the most significant
documents entrepreneurs will ever sign and they must be assured that
everything in the document is favorable to them. Because of the technical
nature of the restaurant business, the responsibilities of each party
must be spelled out in unambiguous language. Restaurateurs are in the
business of providing food and may have little experience in creating
lease documents that are favorable to their business survival. Their
attorneys may need some additional aid in creating a superior case
for them. GEC can provide this experience.
Business Appraisal
GEC is very successful in evaluating a foodservice operation to determine
its value. This value may be "Fair," "Replacement" or "Intrinsic" or
some other value format depending on the circumstances and the purpose
of the appraisal. The purpose of the appraisal determines the method
GEC will use. GEC's appraisals have been used in real estate transactions,
estate considerations and eminent domain determinations.
Appraisals require that Lloyd Gordon visit the site. The time required
to investigate the values depends on the size of the facility and the
amount of furnishings, fixtures and equipment it contains. It is GEC
policy to provide photo documentation of all visible items affecting
the valuation. A formal appraisal document is prepared and bound suitably
for use in legal proceedings. As many copies may be furnished as are
required by the circumstances.
Restaurant Business Broker
Lloyd M. Gordon is a licensed Business Broker in the state of Illinois
and can act on behalf of a seller or buyer should an attorney need
specific services of that nature. He is a specialist in all types of
restaurants, convenience stores, USDA inspected food manufacturing
plants and other food related businesses.
For more information, please see our
contact page.
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