IN THE WORKS

Growing from 20 to 200+ locations is a huge achievement, but it also exposes cracks in operational systems that weren’t designed to handle scale.

For operators of multi-unit businesses, managing licenses and permits can be a daunting task. The complexity of this process stems from various factors that can hinder operational efficiency and legal compliance. Here, we explore the key challenges that multi-unit operators face in this critical area of business management.

For multi-unit operators, keeping track of license and permit renewals is a constant challenge. Whether it’s business licenses, health permits, signage approvals, or alcohol licenses, every location requires meticulous tracking, timely submissions, and compliance with ever-changing regulations. One missed renewal can lead to fines, operational disruptions, or even temporary closures.

For multi-unit operators, managing leases isn’t just about paying rent—it’s about staying ahead of critical dates, ensuring compliance, and optimizing costs throughout the entire lease lifecycle. From acquisition to disposition, every phase of a lease requires time, expertise, and a well-structured process.

Acquiring a portfolio of leased locations—whether it’s a restaurant chain, convenience stores, or another multi-unit business—comes with an overwhelming list of post-closing tasks. But one critical piece of the integration puzzle often slips through the cracks: transferring business licenses, permits, and utility accounts.

Adopting an ASC-842 lease accounting solution is a critical step for any organization managing leases. The standard requires precise calculations, detailed reporting, and thorough compliance efforts—but not all systems are built to meet these needs. If your current solution isn’t up to par, it could be causing more harm than good.

By Gwen Kelly, Partner at Property Works Gwen has been auditing occupancy costs for over 25 years.

For restaurant and retail chains juggling leased locations, the specter of ASC-842 looms large even as we enter into 2025. This complex accounting standard, demanding comprehensive lease recordkeeping, often triggers groans and late-night spreadsheet sprints. But what if the real culprit behind your ASC-842 woes isn't the standard itself, but the disconnect between your lease administration and accounting departments?

As we step into 2025, multi-unit operators in the retail and restaurant industries find themselves at a critical juncture. Shifting consumer behaviors, rapid technological advancements, and evolving lease dynamics are redefining the landscape. To stay competitive, operators and property managers must anticipate these changes and adjust their strategies accordingly.

Operating a multi-unit business involves a complex array of licenses and permits. This guide serves as your strategic advisor, helping you navigate the regulatory landscape to ensure your operations are compliant and efficient across all your locations.