In the real estate industry in the United States, a pocket listing or hip pocket listing is a property where a broker holds a signed listing agreement (or contract) with the seller, whether that be an “Exclusive Right to Sell” or “Exclusive Agency” agreement or contract, but which is never advertised nor entered into a multiple listing system (MLS) according to...Read More
Every restaurant owner wants to know, how can I sell my restaurant fast? The art of selling a restaurant is different than selling a residential home. The element they have in common is both a restaurant and a home need preparation before hitting the market for sale.
When selling a home, you can usually expect an offer within 1-3 months before owners start to panic. The average time to sell a...Read More
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
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
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
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.
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
Timing is defined as the choice, judgment, or control of when something should be done. Most Realtors would tell you the best time to sell a house at its highest price point would be May-August. What is the best time to sell a restaurant? EATS Broker would tell you January is the best time to sell a Restaurant!
The months of November-December are the slowest months for restaurant resales....Read More
Every Restaurant Owner has asked the question to themselves, “Should I Sell My Restaurant” at one time or another. It takes a certain person and mindset to want to own a restaurant, and an even smaller set of people have an exit strategy to sell a restaurant when the time is needed.
Restaurant Ownership is a very rewarding experience but can also become a negative burden quickly. The...Read More
EATS Broker are involved with multiple Professional Organizations that are created to educate Business Brokers. I recently attended a Georgia Association of Business Brokers Spring Conference. The topic that got my interest was the Difficulties Seller’s Encounter when trying to sell a business or restaurant.
80% of Business Owners don’t know the value of their business-Source M&A Today
Restaurant For Sale By Owner common mistakes are diverse and wide. A common question I receive monthly as a Restaurant Broker is, “Why list with a Broker, I can sell my restaurant For Sale by Owner (FSBO)? I understand the question because today’s websites offer sellers potentially cost-effective routes to selling a Restaurant online. Working as a Restaurant Broker for 8 years I have found a...Read More
Many restaurant owners get into the business thinking only about operating a restaurant but never an exit strategy to sell a restaurant. Getting out of the restaurant business can be a challenge for most sellers in today’s market. Operating a restaurant day-to-day operation is much different than operating the sales process for selling a restaurant.
A large number of restaurant owners try to...Read More