Blog

SAG Sells Beehive on East Carson Street to Open Millennial Concept Restaurant & Bar

Sep 24 2018

The Beehive Coffeehouse & Dessertery is causing a stir in south side as people buzz to get their final Beehive favorites. The Beehive, created to cater to an artsy crowd, has been South Side’s meet up hub for an array …

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NOW RECRUITING EXECUTIVE CHEFS and GENERAL MANAGERS

Feb 26 2018

Pittsburgh, PA – Sofranko Advisory Group, LLC a thirty year veteran in Hospitality Consulting, Financing and Brokering announced Hospitality Recruiting as part of the company’s modern talent acquisition suite. With over 30,000 Contacts in the Hospitality Industry and 31 years …

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Lease Renewal Do’s & Dont’s

Feb 20 2018
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Restaurants – An Economic Powerhouse

Feb 06 2018
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BUYING A FAILING BUSINESS AND TURNING IT INTO A SUCCESSFUL BUSINESS

Mar 23 2017

At Sofranko Advisory Group we often see businesses when they are failing. There are a number of operators that are in trouble for whatever the reason may be. There are also a number of buyers that are interested in buying …

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Adding Value to Your Restaurant with Social Media Marketing

Dec 19 2016

For some small restaurant owners, social media marketing feels like a somewhat murky pond. Nearly everyone has at least dipped their toe in the water, but many still aren’t sure what they’re supposed to be fishing for. Relationships? Exposure? Customers? …

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Signs You’re Ready to Expand

Nov 29 2016

By Jackie Weber This was originally posted on NextRestaurants. There’s a difference between having a restaurant and building a restaurant brand. If you’re a restaurant owner who’s seen steady success with your single-restaurant operation, you may be considering expanding your …

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Food & Beverage Trends To Expect In 2017

Nov 18 2016

Food Trends To Expect In 2017 Filipino food  The cuisine of the Philippines is on many trend lists for 2017. It is a trend that’s overdue, considering that Filipinos make up the second-largest Asian population in the United States. Purple …

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Preparing your business to sale in the New Year

Nov 10 2016

Are you planning on listing your business for sale in the New Year? You may be ready to proceed immediately, offering it for sale “as is” and prepared to make price concessions to account for any of its unaddressed weaknesses. …

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Winning Bids from Oct. 31st Liquor License Auction

Nov 04 2016

The PLCB on Thursday released the winning bids for the licenses that were auctioned on October 31. 37 of 40 licenses were awarded. Most were awarded to Giant Food Stores and Sheetz. The average license bid/cost was $212,000 with the …

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Act 39

Oct 28 2016

By now you are aware that Pennsylvania has enacted new amendments to the Liquor Code when Act 39 of 2016 was signed into law on June 8, 2016. As of August 8, 2016 Act 39 amending the Liquor Code is …

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House Bill 1196

Oct 28 2016

___________________________________________________________ Status: (Engrossed) 2016-10-27 – Signed in House [HB1196 Detail] SUMMARY OF HOUSE BILL 1196 [As passed by the Senate on October 26, 2016 –To go into effect 60 days after signed by Governor Wolf] 1. Removes Limits on Sales …

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Restaurant concept development

Oct 19 2015

A restaurant concept must be clearly defined to be successful You are ready to take the next step to owning your own restaurant. What’s the next step?  Restaurant concept development.  To become the next great restaurant your concept should be …

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Balancing menu creativity with pleasing customers and profit

Oct 19 2015

How real is the movie ‘Chef’? Thankfully, I finally got around to watching the movie ‘Chef‘ starring Jon Favreau.  The movie is about an executive chef at a high end restaurant in Los Angeles that goes verbal fist-to-cuffs with the restaurant owner …

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Sofranko Advisory Group Launches Dick’s Meat Rub

Aug 11 2015

SOFRANKO ADVISORY GROUP is proud to announce the LAUNCHING of its new product, DICK’S MEAT RUB, from Pappy Dick’s Original Recipe!  Great on ribs, brisket, chicken, and pork.  The first batch will be produced very shortly.  Place your order today …

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How much does a liquor license cost in Pa?

Feb 01 2015

How much does a liquor license cost in Pa? We have the answers. We often get the question – “how much does a liquor license cost in PA?” The cost of a liquor license in the state of Pennsylvania varies …

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Bar Marco pioneers: how should you pay restaurant employees?

Jan 12 2015

What is the best way to pay restaurant employees? Recently Bar Marco, a Pittsburgh based restaurant, announced that it will convert from a traditional pay methodology of an hourly rate plus tips to one of salary plus benefits, paid vacation, …

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Beer delivery with food

Jan 04 2015

PA now allows beer delivery with food December has typically been known as the month for giving and this past December, the Pennsylvania Liquor Control Board has been especially generous with local businesses announcing an advisory opinion clarifying that restaurants, grocery …

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Have you set new goals for your restaurant in 2015?

Jan 02 2015

What are the goals for your restaurant in the new year? Happy New Year!   What a wonderful and exciting year it has been for Pittsburgh restaurants in 2014.  The food scene continues to evolve.  Local chefs keep elevating the game …

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One of Pa’s premier craft beer destinations: House of 1000 Beers!

Dec 02 2014

A passion for craft beer Sofranko Advisory Group would like to extend its heartfelt congratulations to Art Barbus, the proud new owner of House of 1000 Beers located at 357 Freeport Street in New Kensington.  “Craft beer has been my …

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How to Sell a Restaurant Fast

Nov 13 2014

Follow these tips to sell your restaurant quickly Price is not the only factor in securing a speedy sale for your restaurant business.  You need to have the buyer in mind when setting a sales price.  How will someone else value …

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3 fantastic cocktails for your Halloween party!

Oct 31 2014

3 great cocktail recipes to wow your Halloween party guests Here are 3 great Halloween cocktails that will definitely impress your guests!  Happy Halloween! Blood-Orange Cocktails Combine blood-orange juice and liqueur in a large pitcher. Refrigerate for at least 30 …

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How to sell your restaurant

Oct 28 2014

Learn how to sell your restaurant So you are at the point with your restaurant business where you are ready to sell.  Learning the how to sell your restaurant can help you maximize the value of your business. You put the time …

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How to value a restaurant business for sale

Oct 13 2014

Methods to valuing a restaurant business You’ve been spending countless hours searching the internet for a restaurant business to buy.  Low and behold you finally stumble upon the perfect one at the perfect price!  But how do you know whether …

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Restaurant news: IRS tips reporting rule

Oct 11 2014

How to comply with the IRS tips reporting rule Under the Revenue Ruling 2012-18, the agency now classifies automatic gratuities as service charges instead of tips. The IRS tips reporting rule now treats service charges as regular wages, which means …

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How to find a restaurant location

Oct 08 2014

Choosing your restaurant location Location, location, location, it can make or break a restaurant. Finding the perfect location is a time consuming and tedious process, but it’s essential that you give it all the attention it deserves. Do not rush …

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U.S. fine dining restaurants adjust to increase visits

Oct 07 2014

U.S. fine dining trends U.S. fine dining traffic declined by double-digits during the recession but visits have rebounded after the segment adjusted to meet the needs of today’s consumer. Casual dress codes and laid back environments are some of the ways …

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Cocktails on tap

Oct 06 2014

The next evolution of libations: cocktails on tap As a restaurant owner, when asked, “what’s on tap?” you would normally describe your beer selection but the phrase has a new meaning.  It turns out that tap cocktails are on the rise. If …

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Restaurant financing: how much do you need?

Sep 24 2014

Restaurant financing Start up costs can vary greatly depending upon your concept, size, location, etc.  Most new restauranteurs do not have all the cash available upfront.  If you have a strong concept and at least 10-20% capital then there are …

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How to get a liquor license for your restaurant

Sep 17 2014

Follow these steps to get a liquor license Obtaining a liquor license for your business can be a confusing process. There are many laws, requirements and processes to go through which is frustrating.  Here are a few steps to make obtaining a license …

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