Restaurant Business of Dan and his Partners

Added on -2020-02-19

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Running head: MONTEGRO’S ITALLIAN GRILLEMontegro’s Itallian GrilleName of the student:Name of the university:Author note
1MONTEGRO’S ITALLIAN GRILLETable of ContentsQuestion 1........................................................................................................................................2Question 2........................................................................................................................................2Question 3........................................................................................................................................3Question 4........................................................................................................................................4Reference.........................................................................................................................................5
2MONTEGRO’S ITALLIAN GRILLEQuestion 1There are certain factors that are important for the MIG owners before deciding on sellingthe restaurant to AECB. The restaurant was situated at a major high- traffic area in the financialquarter of Miami, Florida. It was a 19- year- old, award winning successful and majesticrestaurant situated in an area of 1 acre (Singer & Wodar, 2011). These were something specialfor a business which is not attained easily. Even the three partners were satisfied with theirbusiness and they were willing to sell it only if their criteria were fulfilled. To bring therestaurant to such a prestigious place, it took the brothers quite a lot of effort and they were ableto implement their practical solutions on the basis of their concepts and theories, experience andinformation about the profession. The restaurant was their dream project which was carved outof their joined enterprise. Even, the restaurant business of Dan and his partners becamesuccessful just in one year of operation which is unlike other restaurant business. The restauranthad not only survived in their first critical year but also sustained longer than any other newventure in that location. These were the positive sign on the part of MIG which should beconsidered by the owners before selling their own asset (Astrachan & Jaskiewicz, 2008). Question 2If the partners keep the company, MIG would be at the peak of success as compared to itscompetitors. On their 19th anniversary they were already a successfully established company so itcan be easily assumed that in duration of 5- year they will rule among the top restaurantbusinesses in the world. In almost two decades, if they can run a successful eatery in an area likeMiami then it can be easily realized that they will succeed in a journey of 10 years and more(Rule, 2014). Within a matter of two years they became the best in Miami so it can be calculated

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