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Michael Scheid is the lead consultant and owner of Thomas Hospitality Group. His work has spanned a decade of operational consulting and advisement services with particular strength in strategic planning, comprehensive marketing planning, operational consulting and real estate expansion planning. Mr. Scheid isa licensed Real Estate Associate Broker.
Scheid analyzes a food service establishment first as a manufacturing operation where raw materials (food products) are shopped for by price and quality and arrive as “just in time” deliveries (to minimize holding costs). The manufacturing (kitchen) staff prep
Manufacturing planning (menu engineering and food cost analysis) is completed by the executive staff (owners and executive chef) to establish product descriptions (menu items) that have Market Demand (are appealing to your customers) and are priced so that your business (restaurant) makes money.are products (your menu items) which are then brought to market and distributed team (your wait staff) to your customers.
This approach has been well received in the food service industry as a way to force a fresh look at how we do business. Breaking down the operation of a restaurant into these components; as a “short-MBA course”, puts very effective tools into the hands of the people who are critical to improving the efficiency of your operation.
Scheid is a member of the Michigan Restaurant Association (MRA), Turnaround Management Association, Detroit Area Board of Realtors (DACBOR), He holds an MBA from San Diego State University, and a Masters and Bachelors degree from Wayne State University.
Combining over 30 years industry experience as an Independent Owner, corporate Director of Operations, and Certified Executive Chef (American Culinary Federation) with his formal education in both Culinary Arts & Restaurant Management (Scottsdale Culinary Institute, AZ) and Business Administration (University of Detroit, MI) allows Mr. Thomas to provide expert guidance and oversight to those looking for “real world” solutions to the challenges faced by large companies, small operators, or vested parties.
As Lead Consultant, Michael is available to assist Thomas Hospitality Group clients with New Concept Development, Business Plans, Unit Design, Licensing & Regulation, Construction Liaison, Vendor Negotiation, and Operational Guideline creation. Mr. Thomas also provides existing operators with Organizational Analysis & Troubleshooting, Operational Restructuring/Management Transition, and Business Appraisal & Valuation services.
Vladimir is well known in the bar and nightclub industry both nationally and locally for his design work, including sound and light systems, technology planning, promotions and media management. You will recognize three of the local projects he developed and co-owned: Tonic, Posh and Eden nightclubs. Vlad joined Thomas Hospitality in 2012.
Roger Stock has provided a broad range of financial analysis and business consulting services, including M&A valuation/analysis and financial due diligence. He has prepared debt and equity packages for private placement or traditionally negotiated bank debt to secure additional working capital or fund acquisitions. He has served as part time Controller for many companies; preparing or reviewing monthly and year-end financial statements and records, and introducing financial controls in ensure error-proof processing.
Stock holds a M.S. in Finance (with honors) and an B.S. in Accounting from Walsh College of Accountancy and Business Administration.
Ms. Bass came on board in 2016 as a Licensed Real Estate Agent. She attended the University of Michigan and the University of Connecticut, where earned a Bachelor in Business Administration. She has worked as a stockbroker and as a private banker in Connecticut and New York City for many years until a move to Detroit altered her career. Ms. Bass, a successful entrepreneur, operated several businesses in the metro Detroit area.
Lead Consultant / Valuations
Jay Brown is a business appraiser and operations consultant specializing in business valuations and appraisals, business plans, cost analysis and other specialized analytical projects. He also has extensive experience in expert witness testimony; having served both plaintiffs’ and defendants’ counsel in the following areas:
- Marital Dissolution
- Lost profits analysis
- Fraudulent conveyance
- Fairness opinions
- Dissenting Shareholder
- Reasonable Compensation
- Buy/Sell agreements
- Ownership succession
- Bankruptcy issues
- Partnership disputes
- Patents & Intellectual Prop.
Brown holds an MBA from the University of Michigan with concentrations in finance and operations as well as Bachelor of Arts degree from the University of Michigan. He is a member of the Institute of Business Appraisers and passed the Certified Business Appraiser examination.
Abby Bass graduated from the International Academy with an International Baccalaureate Diploma in 2015. After graduation, she moved to New York City to pursue a professional career as a fashion model. She worked internationally, and was featured in Vogue, Marie Claire, and W. She worked for designers including Burberry, Dolce and Gabbana, Celine, Chanel, and more. Abby’s internship at Thomas Hospitality Group began in June 2016 after she moved back to Michigan to continue her education. She will be a Junior attending the University of Michigan with a major in Organizational Studies in the Fall 2017.