The Five Trades An Operator Runs When They Can’t Compete On What Matters
In the last post I named [Transactional Arbitrage] as the operating trade running underneath most restaurants — the…
The Trade That Made Your Restaurant Look Profitable
In finance, arbitrage is simple. Buy low in one market. Sell high in another. Keep the spread. You…
Story Arbitrage: The Version Of The Trade Running At The Deal Timescale, Not The Shift Timescale
Push the story the deal sits on. Let the operating floor pay for it. [Story Arbitrage] is the…
Inside The P&L: The Four Specific Cuts That Make A Restaurant Look Profitable While It’s Failing
Every operator who runs P&L Arbitrage runs one or more of four specific plays. Named, prosecuted, and separated…