When selling a restaurant, owners must decide whether to use a Restaurant Broker or try to sell themselves. Finding the right Restaurant Brokerage to help sell a restaurant can be challenging. All Restaurant Brokerage firms are different. A Restaurant Business Broker is often a powerful asset in restaurant sales transactions.
When selling a restaurant, do you need a Restaurant Broker? Well, the decision is up to you, but Restaurant Business Brokers help with restaurant valuations for tangible and intangible assets, which can help boost a restaurant’s valuation.
Nationwide, only 30%-40% of restaurants listed for sale will sell to a new owner. Only about 19 states require a Restaurant Broker to hold a real estate license in the state, even if the transaction does not include real estate to sell a restaurant. Experienced Restaurant Real Estate Brokers have a track record of successful restaurant sales. They are familiar with all the potential pitfalls when it’s time to sell your restaurant.
Dominique Maddox, the Dallas Restaurant Broker at EATS Broker, says, “We help restaurant owners get more money for their restaurants by finding add-backs and value that inexperienced Restaurant Brokers don’t understand.”
Benefits of working with a Restaurant Business Broker:
–Restaurant Brokers understand how to provide accurate restaurant valuations
–Restaurant Brokers work on 100% commission and charge no upfront fees
–Restaurant Brokers have a database of qualified workers
-They help keep the restaurant for sale listing confidential and only provide information to qualified buyers.
-A professional Restaurant Broker helps create the listing, vet buyers, create marketing brochures, draft Asset Purchase Agreements, and help with the due diligence process.
Yes, you can attend court without a lawyer, but it’s not clever. You can sell your restaurant without a Restaurant Broker, but it might not be the best use of time or the smartest task to take on by yourself. Next time you think about selling a restaurant, look for a professional Restaurant Real Estate Broker in your market to help you.
For more information on the restaurant market and other available consulting services or a complimentary restaurant valuation, contact Restaurant Business Broker Dominique Maddox at 404-993-4448 or email at [email protected]. Visit our website at www.EATSbroker.com
