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By Aaron Boker at Aaronson LLC Investors are constantly looking to purchase or buy into existing restaurants, while  existing restaurant owners are always looking to sell a piece or their restaurant business. As acquisition deals are made in the restaurant industry, the main question that arises is, “How do I value the restaurant?” Since many valuation methods are available, care should be taken to ensure the “best” method is selected to lead to the best deal possible. Below are helpful strategies used by the industry for valuing a restaurant: Gross Sales...
Penn Quarter Restaurant Gives Washingtonians a New Tuesday Habit with Local Music Performances, Global Cuisine and Handcrafted Cocktails WASHINGTON, DC (July 17, 2019) – Dirty Habit, in collaboration with Kimpton Hotel Monaco Washington DC is launching a first-of-its-kind public music performance series, “Green Room at Hotel Monaco,” every Tuesday from 5:00pm to 8:00pm. Starting Tuesday, August 13, Washingtonians are invited to relax after work in the deep-cushioned couches of the iconic hotel’s emerald...
WASHINGTON -- July 15, 2019 / PRNewswire / -- The National Restaurant Association Educational Foundation (NRAEF) announced today it has been awarded a $4.5 million grant from the US Department of Labor (USDOL) to develop pathways from the justice system to employment for young adults. The grant is the largest in the history of the NRAEF and will launch the Foundation's HOPES program (Hospitality Opportunities for People (re)Entering Society).   The $4.5 Million grant from the U.S. Department of Labor will...
Christmas in July is back again at Pizzeria Paradiso’s Old Town location this year. Stop by on July 25th from 11:30am - 11:30pm to sample from a selection of draft Christmas beers and bring the whole family to celebrate the holiday with pizza and your very own DIY graham cracker gingerbread house for dessert. Christmas beers on tap include a Gingerbread Stout and Kentucky Christmas Morning from Hardywood, plus The Bruery’s 11 Pipers Piping and 10 Lords-a-Leaping. Pizzeria Paradiso Old Town is located at 124 King Street, Alexandria, VA 22314. In celebration...
Enjoy signature cocktails and tasty bites in a round-robin style foodie event on Wednesday, July 17 Washington, DC (June 10, 2019) – DC Central Kitchen announced today that tickets for its first Summer Happy Hour Hop are now on sale. On Wednesday, July 17 from 6:00 - 9:00pm, four restaurants in the Capitol Riverfront neighborhood will participate in this round-robin style event where guests enjoy signature cocktails and small bites at some of DC’s hottest Navy Yard restaurants. This year’s participating restaurants include RASA (with guest Buffalo & Bergen),...
Cool Off This Season with Prix Fixe Menus from 250 Restaurants, Listed at RWDMV.com Washington, D.C. (July 10, 2019) — Restaurant Association Metropolitan Washington (RAMW) is thrilled to announce the roster of restaurants participating in Summer Restaurant Weektaking place Monday, August 12 - Sunday, August 18, 2019. The biannual promotion’s website www.RWDMV.com will be updated regularly with menus from each of the 250 participating restaurants in D.C., Maryland, and Virginia, as they are finalized. The site allows diners to peruse...
Hospitality industry leader Levy to showcase culinary collaborations featuring iconic Chef José Andrés and other popular D.C. and national eateries as part of elevated hospitality and concessions offerings Award-winning food lineup includes Beefsteak, Pepe, Butterfly Tacos y Tortas, Shake Shack, Marra Forni Neopolitan Pizza, Dolcezza Gelato, Ice Cream Jubilee, Compass Coffee, and OakBerry Acai Bowls + new hospitality concepts Market Square, Moët & Chandon Stadium Club, and Amstel Light Beer Garden & Rock Creek Grill create premium food and...
Winners in 20 Regional Award Categories Announced Washington, DC (June 30, 2019) — Top foodservice industry professionals and their fans gathered tonight at the Walter E. Washington Convention Center for the 37th Annual RAMMY Awards as Restaurant Association Metropolitan Washington (RAMW) announced winners in 20 award categories and many special honors. The selection process for the winners involved two esteemed groups, the voting public and an anonymous panel of volunteer judges, consisting of food and dining journalists, educators and foodservice industry professionals. The...
The Conrad Hotel and Estuary, the newest restaurant helmed by renowned chefs Bryan and Michael Voltaggio, located in CityCenterDC, is debuting brunch service! The new menu, served Saturdays and Sundays between 11:30am - 2:30pm, is a continuation of the restaurant’s dedication to featuring local ingredients and flavors of the Chesapeake Bay area in an upscale, refreshingly unique dining environment. Highlights include reimagined brunch favorites like Chicken Fried Quail & Waffle ($24) a yeasted waffle with sorghum sambal (chili paste) and tiny...
Dupont Circle Restaurant Offers Quick-Service Breakfast Options and Workspace Lounge Every Monday through Friday WASHINGTON, DC (June 12, 2019) – Rise and grind! Urbana is now fueling the Dupont Circle neighborhood with a daytime café menu, offering quick-service breakfast options, baked goods, and coffee drinks every Monday through Friday. Perfectly suited for busy Washingtonians, the café offerings are designed for both commuters in transit and locals looking for a cozy workspace with their morning cup of joe. During café hours, guests are invited...
Newly Appointed Wine Director Chas Jefferson Brings Natural, Table Wines to Adams Morgan Washington, DC (June 11, 2019) – Jug & Table (2446 18th Street NW; 202-232-7663), the casual, music-themed wine bar situated under sister restaurant Roofers Union, announced today a fresh wine program focused on sustainable, natural, biodynamic and organic wines. The new bottle and tap wines will change regularly with the season, but will always offer a nod to the rustic table wines that echo the terroir of their origin. Chas Jefferson, freshly...
National Restaurant Association The Restaurant Industry Added More Than 10,000 Locations for the Third Consecutive Year. Driven by population growth and an expanding economy, the restaurant industry continued to add locations at a steady pace in 2018. According to new data from the Bureau of Labor Statistics, the restaurant industry added a net 13,817 establishments* in 2018, an increase of 2.2 percent. The 2018 expansion followed a strong net increase of 15,169 locations (+2.5 percent) in 2017, and represented the third consecutive year in which the restaurant industry grew by at...
Brookland’s Finest, the beloved neighborhood restaurant serving seasonal comfort food owned and operated by Chef Shannan Troncoso, Tony Tomelden and John Solomon, will celebrate their five year anniversary on Thursday, June 6th with an all-day crab boil and happy hour.  Their popular $30 prix fixe crab boil, normally available on Tuesdays during crab season, will be available all day on the anniversary paired with beers from Virginia’s Dynasty Brewing, along with all day happy hour, and special anniversary T-Shirts available for sale. From 11:...
Él Bebe, a Mexican-inspired taco and tequila restaurant in Navy Yard, operated by Metropolitan Hospitality Group, will begin brunch service this coming weekend, on Saturday May 25th. The new menu, offering an edited list of brunch cocktails and brunch-forward Mexican dishes, will be served on weekends from 11:00am to 3:00pm. Mezcal and tequila are the focus of the brunch drinks, which feature a Bloody Mary or Bloody Maria served with a mini quesadilla slice as  a garnish, a Michelada or Mezcalita de Pina made with mezcal, fresh lime...
Originally Published by National Restaurant Association The program's goal is to prepare the industry’s workforce for professional advancement and career opportunities. The National Restaurant Association has launched ServSuccess, a new, comprehensive career-development initiative that consists of online education, training, certification and assessments. The program made its official debut May 20, at the National Restaurant Association’s 100thRestaurant Show. Its goal is to prepare the industry’s workforce for professional advancement and career opportunities....
Washington, DC (May 18, 2019) – Events DC and Restaurant Association Metropolitan Washington (RAMW) along with its members are excited to welcome ATD 2019 International Conference & Exposition attendees to dine out at some of the DMV’s best restaurants from May 19 – 22, 2019 while visiting Washington, DC. For a complete schedule of conference happenings, please visit www.atdconference.td.org. Official Dining Partners: WASHINGTON DC Fig & Olive 934 Palmer Alley NW, WDC 20001  //  (202)559-5004 Instagram: @figandolive  |  Facebook: @...
Easy Spring Dessert Recipes from RAMMYS 2019 Pastry Chef of the Year Finalists Soursop Torta with House Made Strawberry Jam & Dulce de Leche Buttercream from Executive Pastry Chef Paola Velez of Kith/Kin at the InterContinental DC Yield: 6” Round 3-Tier Cake | Serves 6 – 8 Soursop Torta  |  INGREDIENTS All-Purpose Flour                 2 cups Granulated Sugar                1 ¾...
Restaurant Business Online  //  By Peter Romeo Here are the teams that finished tops in the 50-state competitions, which includes a contest in both management, where the participants brainstorm a restaurant venture, and culinary skills. Management Teams develop a detailed business proposal for a new foodservice concept, looking at aspects such as points of differentiation, operational challenges, design, marketing strategies and staffing. 1st place: Ben Barber Innovation Academy (Texas) 2nd place: East Ridge High School (Florida) 3rd place: Provo High School (...
The DC Jazz Festival (DCJF) is pleased to announce the sizzling schedule for Jazz in the 'Hoods Presented by Events DC, an essential component of the DC JazzFest, celebrating its 15th anniversary, June 7-16. Spotlighting the District as a vibrant cultural capital, Jazz in the 'Hoods brings a stunning array of music - from the traditional to the avant garde - in all quadrants of the nation's capital, with performances at more than 20 neighborhood venues. "As the official convention and sports authority for Washington, DC, we are proud to continue as presenting sponsor of DC...
After years of looking for affordable insurance coverage for employees, smaller operators say it is starting to get a little easier. National Restaurant Association After years of searching for affordable ways to provide health insurance coverage to their employees, smaller restaurant operators say it is starting to get a little easier, thanks to their access to the National Restaurant Association’s ‘Benefit Trust’ insurance initiative. At a May 8 White House policy workshop, Roberta Montelione, chef of Milan Catering in Sarasota and Tampa, Fla., told members of the...
Restaurant Business Online  //  by Peter Romeo The restaurant industry’s future leaders converged on Washington, D.C., last week to prove the business’ labor straits are the function of a short supply, not a dearth of talent, passion or dedication. No one had to tell the high school students gathered for the National ProStart Invitational—essentially a competition to find the top teenaged culinary and concept-development teams in the nation—that a life in restaurants may not be everyone’s dream. Yet it’s the rare LeBron James wannabe who...
Originally published by SmartBrief Most consumers are aware of the allure that ultra-rare wines offer -- some people will wait years and pay thousands to get their hands on a hard-to-find vintage. But that type of demand isn’t restricted solely to wine anymore, and ultra-rare spirits are cultivating followings that match -- or, in some cases, exceed -- those of wine. In fact, rare whisky topped the Knight Frank 2019 Wealth Report, followed in value as a luxury asset by coins, wine and art. And when it comes to the ultra-rare whisky segment, the value in this category has...
Partnership with Apple Revives Historic Carnegie Library as Apple’s Most Extensive Historic Restoration Project To-Date in the Heart of Washington, DC (WASHINGTON, DC) – On Saturday, May 11 at 10:00am, Mayor Muriel Bowser and Events DC, the District’s convention and sports authority celebrated the opening of Apple Carnegie Library to the public. This is Apple’s most extensive historic restoration project to-date, restoring and revitalizing the Beaux- Arts style building once home to Washington, DC’s Central Public Library. Originally funded by Andrew...
The goal is to provide consumers with nutrition information. QSR Magazine // by Randy Lait The Food and Drug Administration published its final rule for menu labeling on December 1, 2014, and the compliance date was established as May 7, 2018. After a year grace period, operators should expect to see enforcement mechanisms emerge to achieve compliance later this year, likely through local health departments. PEXELS/WENDY WEI The rule requires that certain restaurants and similar retail food establishments provide consumers with calorie and other...
More than 400 students will show off their skills, talents and passion as they compete for $200,000 in scholarships and prizes during the event National Restaurant Association  Bragging rights for the title of best culinary and management teams at the 2019 National ProStart Invitational (NPSI) begin today, when the annual competition kicks off in Washington, DC. The competition is an offshoot of the NRAEF’s ProStart program, a national, two-year curriculum taught in high schools and technical education schools in 50 states, the District of Columbia, Guam and...

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