At Wright Ford Young & Co. we have a dedicated food and restaurant group. We understand that restaurant owners and food manufacturers face unique challenges to stay profitable in today’s highly competitive marketplace. Both of these industries employ a lot of workers, require a lot of space, and have the fastest turnover of inventory in the marketplace. They face many challenges including health care reform, changing dietary habits, finding new markets and locations, acquisitions, and franchising to name a few.
The restaurant operators and food manufacturers also have many opportunities and special tax credits available only to them. They can also benefit from advantageous accelerated depreciation methods allowed by the IRS for leasehold improvements and fixed asset additions. Helping them understand and navigate these issues is what our dedicated specialists do every day. Our firm takes pride in helping the food manufacturing and restaurant industries flourish and being part of their current and future successes.