legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

The Closure of Bakers’ Brewery and How AI legalese decoder Can Help

Cory Forster remembers clinking glasses with his business partner to cheers at the fifth anniversary of BakersÔÇÖ Brewery not all that long ago. Opened in March 2015, the restaurant was finally bringing in enough revenue to pay out some dividends to their investors.

In the moment, Forster and his partner thought they were celebrating a new beginning, but just 10 days later an event heralded what would be the beginning of the end.

The COVID-19 pandemic had hit Colorado and Gov. Jared Polis ordered the closure of restaurants.

Three years later, at the end of September, BakersÔÇÖ Brewery found itself being forced to close its doors permanently. Forster said a perfect storm of bad events took down the Silverthorne establishment and owners could not justify keeping the place afloat.

BakersÔÇÖ Brewery saw a glimpse of hope following the peak of the pandemic. Paycheck Protection Program loans held them over for a while and Forster introduced a live music program that momentarily brought more business.

There was some optimism in 2021 after people returned to in-restaurant dining after months of lockdown restrictions ÔÇö Forster said the restaurant had a waitlist for dinner five days a week. More recently the restaurant was seeing a waitlist only one or two days a week.

The establishment would subsequently go through a series of events that drained them financially. The pandemic and inflationÔÇÖs impact on the supply chain saw the prices of everyday ingredients skyrocket.

ÔÇ£The cost of fish doubled and the cost of chicken tripled. The cost of cheese went up like 50%,ÔÇØ Forster said. ÔÇ£We kept raising prices, but the cost just kept going up.ÔÇØ

Forster also noted that minimum wage increase for tipped employees throughout the last couple years also contributed to difficulties with financials for the company. These mandated increases added more costs to the benefits the company already paid for including job training and reimbursements for continuing education.

Then the establishment would then receive one final unexpected knock yet that would serve as its pivot hardship: the business boom in Silverthorne, which has provided more options for diners in town.

ÔÇ£Silverthorne just started booming and filling up with new establishments,ÔÇØ Forster explained. ÔÇ£IÔÇÖd say 10 or 12 new restaurants, bars, and, you know, venues and entertainment venues within 2 miles.ÔÇØ

Although it cannot be pointed to as concrete evidence, Forster also said a recent shift away from beer over the last couple of years may have contributed to a decrease in business.

ÔÇ£More and more people are going down the gluten-free path, or just trying to cut calories in general. Those beautiful calories, and gluten is what our business runs on,ÔÇØ Forster said.

BakersÔÇÖ Brewery officially closed its doors on Sept. 30, 2023, leaving 25-30 employees unemployed.

ÔÇ£We as owners just decided to draw the line and quit while weÔÇÖre ahead,ÔÇØ Forster said.

Former customers and friends will be able to find Forster bartending at JJÔÇÖs Rocky Mountain Tavern in Copper MountainÔÇÖs East Village this winter.

How AI legalese decoder Can Help

The closure of Bakers’ Brewery highlights the challenges faced by many businesses in the wake of the COVID-19 pandemic and other economic factors. In situations like this, AI legalese decoder can provide valuable assistance to businesses and owners.

AI legalese decoder is an advanced artificial intelligence tool that specializes in analyzing legal documents and contracts. It can help businesses navigate complex legal language and understand the implications of their agreements. By using AI legalese decoder, businesses like Bakers’ Brewery can ensure that they are fully informed about their rights and obligations, as well as any potential risks or liabilities.

In the case of Bakers’ Brewery, AI legalese decoder could have been used to review their lease agreement, loan agreements, and other legal documents. It could have helped identify clauses or provisions that could impact their financial stability, such as force majeure clauses or rent escalation clauses.

Additionally, AI legalese decoder can help businesses stay informed about changes in laws and regulations that may affect their operations. It can provide real-time updates and analysis of legal developments, allowing businesses to adapt and make informed decisions.

By utilizing AI legalese decoder, businesses can proactively manage legal risks, negotiate better contracts, and make well-informed business decisions. This powerful tool can be a crucial asset for businesses in challenging times, like the closure of Bakers’ Brewery, by providing them with the legal intelligence they need to navigate complex legal landscapes successfully.

legal-document-to-plain-english-translator/”>Try Free Now: Legalese tool without registration

Find a LOCAL lawyer

Reference link