Commercial Lease is it an Asset or Liability?
Your current commercial lease is it an Asset or Liability? Most Restaurant Owners find a restaurant for lease and sign a commercial lease before they open their restaurant unless they are buying the building. The sad truth is that a large number of restaurant owners never really read the lease they signed, don’t understand the lease, can’t find the lease, and have no clue about the effect the...Read More
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Issues for Business Brokers after Covid-19
EATS Broker attended the Georgia Association of Business Brokers (GABB) Spring Conference last month. The conference was to educated Business Brokers about the issues for Business Brokers conducting sales transactions after Covid-19 depending on if they represent the buyer, seller, or both. The biggest take-away for EATS Restaurant Brokers was the different issues a Seller’s Brokers should be...Read More
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Dominique Maddox of EATS Broker Sells CANS Taqueria
Dominique Maddox of EATS Broker Sells CANS Taqueria located at 12635 Crabapple Rd. Milton, GA 30004 Dominique Maddox of EATS Restaurant Brokers Sells CANS Taqueria located at 12635 Crabapple Rd. Milton, GA 30004. EATS Broker represented buyer and seller. The buyer’s family owns the following successful restaurants in Alpharetta, Southern Porch, Mercantile Social, and Flatlands Bourbon and...Read More
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How does Covid-19 affect Restaurant Valuations?
Everybody has a unique story about how the coronavirus crisis has affected their lives. During my alone time I have thought about how does Covid-19 affect Restaurant Valuations moving forward? My personal story as a Restaurant Broker is that I was scheduled to close my 1st deal with my brokerage EATS Restaurant Brokers in March and the deal got canceled. The buyer was worried about the...Read More
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SBA Bank Lending for a Restaurant
SBA Bank Lending approval for a restaurant can be a challenging task to qualify for a buyer and can make the difference of a restaurant selling or not selling. Restaurants for sale that qualify for SBA lending on the market today are far less in numbers than buyers. The restaurants that sell for the highest and best price are restaurants that qualify for lending. Banks are willing and ready to...Read More
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Steps to Start a Business
American Business is overwhelmingly Small Business According to data from the Census Bureau’s Annual Survey of Entrepreneurs. There are 5.6 million employer firms in the United States and 89% have fewer than 20 workers. The Steps to Start a Business can be challenging and time consuming for potential entrepreneurs. While doing my research I decided I wanted to become an entrepreneur and open...Read More
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What Should Your Business Broker know about your business?
If you’ve reached the point where you’d like to sell your business, odds are you’ll want to engage a business broker to help you through the process. The relationship between a Business Broker and seller is a key element to getting a business or restaurant sold. As a seller, a broker can help you streamline everything from pricing your business to marketing it to buyers. The...Read More
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3 differences between Business vs Real Estate Brokerage
Most would agree when it’s time for you to buy a home you look for a real estate broker. When you are considering to sell or buy a business, with or without real estate attached, you look for a business broker or if you are selling or buying a restaurant find a Restaurant Broker. Both transactions require the transfer of assets but the difference in the closing process, forms, skill sets, time...Read More
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Restaurant Industry effect on everyday life!
The Restaurant Industry has a profound and impacting effect on our everyday lives. Everyone has a story about a restaurant, it could be where they worked, 1st date, prom date, celebration dinner, or many other reasons. I believe I have one of the best careers in the world as a Restaurant Broker, I work with restaurant owners and buyers within an industry that has a massive economic impact in...Read More
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3 Tips for Leasing a Restaurant Space– EATS Broker
3 Tips for Leasing a Restaurant Space Restaurant leases can be complex and involve negotiations on some very important details to a lease. In general, restaurant commercial leases are generally much longer than a typical residential lease. The restaurant tenant is making a much larger financial commitment. Regardless of whether you are an experienced restaurateur, franchise concept, or...Read More
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