Restaurant owners looking to sell a restaurant do not discuss baby boomer restaurant owners’ exit strategies enough. When should I talk to a Restaurant Broker? This is a common question amongst restaurant owners. Many baby boomer restaurant owners begin the conversation months or even years before they officially list to sell a restaurant.
Restaurant Brokers offer comprehensive guidance on business transition for Baby Boomer restaurant owners. Early planning can significantly increase the final sale price and reduce complications. Many Baby Boomer restaurant owners have been in the business for decades.
They have built a reputation, loyal customers, and a business supporting your lifestyle and family. But now, retirement may be approaching—or perhaps you’re ready for a change. Whatever the reason, planning your exit strategy is one of the most critical financial decisions ever.
The truth is, selling a restaurant business is nothing like running one. A Restaurant Brokerage firm helps detail the importance of formal exit strategies, including valuation, succession planning, and contingencies, supported by market data showing that many owners lack a documented restaurant exit strategy plan.
The Dallas Restaurant Broker Dominique Maddox says, “Baby Boomer Restaurant Owners need Restaurant Brokers because they own many independent restaurants in the U.S., but many do not have a documented exit strategy. Getting a restaurant valuation annually would be a good idea”.
Restaurant Brokers help with the unique challenges of selling a restaurant and can suggest other exit strategy options, including:
-Family Transfer
-Employee buyouts
-Sell to the buyer outside of the organization
Our Restaurant Brokerage EATS Broker helps Baby Boomer Restaurant Owners with the following:
-Retirement and Lifestyle Planning
-Maximizing Value
-Handling Complex Transactions
-Matching with the Right Buyer
-Peace of mind during transition
Baby boomers should consider whether they don’t need to sell tomorrow and start planning their exit strategy now, even if they’re not ready to sell for another year or two. If retirement is on the horizon or if life has thrown unexpected challenges your way, don’t wait until it’s urgent. Start the conversation today.
Next Steps
If you’re a Baby Boomer restaurant owner asking yourself, “How do I sell my restaurant?” or “Where do I find a restaurant broker near me?”—you don’t have to navigate this process alone.
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 [email protected]. Visit our website at www.EATSbroker.com