Understanding Add Backs when Selling a Restaurant
Understanding Add Backs when Selling a Restaurant can be difficult for inexperienced restaurant buyers and restaurant sellers to understand. The real value is more than just the bottom net profit number on the profit and loss statements and tax returns. When it’s time to sell a restaurant, how do you know what to add back to calculate the earnings before interest, taxes, depreciation,...Read More
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Virtual Brands do they work for restaurant owners?
By now, most people have heard about Ghost Kitchens and Virtual Brands, do they work? Virtual Brands are restaurant concepts that are online-only brands that offer pickup and delivery. Virtual Brands help restaurant owners create multiple brands to represent its existing menu. Restaurant owners have complained about third-party platforms only allowing restaurants to choose a couple searchable...Read More
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What is The Best Way to Sell a Restaurant?
The best way to sell a restaurant in today’s market with restaurants closing at a record pace since the pandemic started is a tough question to answer. BizBuySell’s 3rd Quarter Insight Report reflects a market-driven by opportunity seekers and business owners either well-positioned to profit or forced to exit. The Restaurant Owners forced to exit likely will have to close permanently or try to...Read More
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What do Restaurant Business Brokers Do?
Restaurant Business Brokers are more similar to a quarterback on a football team than most people think. Restaurant Brokers are the quarterbacks for the sale process. Quarterbacks are known to be some of the smartest people on the team. A team that has a great quarterback has a competitive edge over another group. Restaurant Business Brokers are responsible for coordinating all the various...Read More
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How to Sell a Franchise Restaurant?
The decision to sell a franchise restaurant can be challenging in today’s market. The good news is that if you own a Restaurant Franchise, buyers are lining up with interest. Close to 60%-70% of the restaurants for sale in Georgia that sell are franchise concepts. Franchise concepts are growing right now, while independent owned restaurants are declining. Franchise Restaurants are popular...Read More
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How to Sell a Restaurant- Telling the story
How to sell a restaurant in today’s market only months after the Covid-19 pandemic crippled the restaurant industry is a challenging task. EATS Restaurant Brokers understands selling a restaurant is just not about the tangible items or the goodwill. Buyers in today’s market want to know what the story is of the restaurant. How has covid affected restaurant sales? Dominique Maddox a Restaurant...Read More
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Dominique Maddox of EATS Restaurant Brokers sells Papa’s Pizza To Go Franchise
Dominique Maddox of EATS Restaurant Brokers sells Papa’s Pizza To Go located at 3064 US-76, Hiawassee, GA 30546. EATS Restaurant Brokers represented buyer and seller. The Gagnon’s were the sellers of the business, they plan to move to Florida to retire, after operating the business since 2009. The buyer ironically is moving from Florida to Hiawassee, Georgia. The buyer likes the...Read More
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Dominique Maddox of EATS Restaurant Brokers earns CFE (Certified Franchise Executive) Designation
Dominique Maddox, Founder and President of EATS Restaurant Brokers has earned the CFE (Certified Franchise Executive) designation from the Institute of Certified Franchise Executives™ (ICFE). Dominique will graduate as a member of the class of 2021 at which time he will receive his CFE pin Participants in the Certified Franchise Executive (CFE) program complete several course offerings in...Read More
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Dominique Maddox of EATS Restaurant Brokers sells Hungry Howie’s Pizza Franchise
Dominique Maddox of EATS Restaurant Brokers sells Hungry Howie’s Pizza . EATS Restaurant Brokers represented the buyer and seller. The buyer is a Michigan native that was raised on Hungry Howie’s delicious pizza. When the opportunity came available to purchase the Hungry Howie’s Pizza, Mike jumped on the opportunity. The restaurant has been closed since June, Mike has returned from his 4-weeks...Read More
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Thinking about Selling a Restaurant?
Do you have an exit plan when it’s time to sell? Thinking about selling a restaurant is only the beginning of a process that can take 6-12 months to complete. Preparing a restaurant properly before hitting the sales market can make the difference between, receiving a solid offer from a buyer or selling at a considerable loss. The lack of details when it comes to the presentation of the...Read More
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