Print
ABOUT
Food services industry
The food services industry has grown considerably since the start of this millennium. According to the National Restaurant Association, the growth has occurred in both commercial and non-commercial operations due to a variety of factors, including: the increased availability of ethnic cuisines and healthy food items; the expanding use of technology to improve delivery and ordering systems; and a heightened consumer acceptance that dining out is an essential part of one’s lifestyle. In an industry that is continually evolving and subject to changes in consumer trends, unforeseen events can occur – such as business interruptions, business disputes, product liability, product recall, fraud and fidelity issues – that precipitate the need to determine economic losses.
HIRE US
For decades, MDD has quantified economic damages and served as testifying experts for insurers, attorneys, restaurant owners, food distributors, franchisors and franchisees in food services related claims.
Our experienced professionals have performed lost profits calculations and business valuations, conducted fraud & embezzlement investigations, evaluated and projected cash flows available to service debt and more. These professionals have proven knowledge of the food services industry and understand how various factors – such as seasonality, changes in economic conditions, tips received by employees, and proximity of sister/affiliated locations – can have an impact on economic damages.
On numerous occasions, MDD has provided expert witness testimony as well as other forms of litigation support for our food services clients.
MDD provides a wide range of services that include:
- Detailed analysis of operational and financial records
- Analysis of historical industry data to determine the impact of market conditions on profits
- Comparison of subject company performance with similar businesses in the industry
- Fraud investigations on matters that include employee dishonesty and kickbacks
- Anti-fraud risk assessments, including the evaluation of internal controls
- Expert witness testimony
Experience
Experience
Contact one of our experts below or filter experience based on region.
ARTICLES
RELEVANT ARTICLES
Our experts are extremely knowledgeable about thier subject areas and often write educational material and commentary on topical issues they come across.
CAT Insights – The Increasing Risk and Frequency of Wildfires
Depending on where you are located, you are likely to experience some sort of “weather disaster season,” such as hurricane season, cyclone season, tornado season, earthquake season, or wildfire season. I live in California where we have earthquake season, which...
Property Damage and Derechos
On 29th June 2023, a rare type of storm called a "derecho" swept across the Midwest region of the United States, mostly impacting the states of Missouri, Illinois and Iowa. The derecho began as a rotating supercell thunderstorm that spawned...
Trends in Food and Beverage Related Product Recalls
Numerous large-scale product recalls have captured national, if not global, media attention. One example is the 2008 salmonella outbreak linked to products manufactured by the Peanut Corporation of America. This incident involved the recall of more than 4,000 products produced...
Business Interruption Measurement Considerations in a COVID-19 World
Although hurricane season doesn’t normally conclude until November 30th, we have already exhausted the modern English alphabet in terms of named hurricanes. In the last year, we’ve also seen an ever increasing number of wildfires, explosions and tropical storms. While...
Dunkin’ Donuts c. Bertico inc., Part II: Lost Profit & Loss of Business Value
Towards the end of its decision in Dunkin’ Brands Canada Ltd. c. Bertico inc.2015 QCCA 624, the Quebec Court of Appeal discussed the issue of whether an award for both a) lost profits up to 2005 and b) loss of business...
Dunkin’ Donuts c. Berticoinc, Part I: The Benchmark Approach to Lost Profits
In April 2015, the Quebec Court of Appeal released its decision in Dunkin’ Brands Canada Ltd. c. Bertico inc. 2015 QCCA 624. The Court of Appeal upheld the trial judge’s ruling (Bertico inc. c. Dunkin' Brands Canada Ltd., 2012 QCCS 2809) that...
Proving Rescission Damages under the Provincial Franchise Acts
In October 2012, the Manitoba Franchise Act was proclaimed into law. The legislation, like its counterparts in several other provinces (including Ontario’s Arthur Wishart Act), provides franchisees with the right to rescind a franchise agreement within two years if a...
Services
RELATED SERVICES
The following forensic accounting services may also be of interest to you.
Hospitality & Tourism
According to the American Hotel and Lodging Association, “Tourism is...
