Virtual Brands: Do They Work for Restaurant Owners? | EATS Broker
Virtual Brands: Do They Work for Restaurant Owners? The culinary landscape has shifted dramatically over the last few years. Traditional brick-and-mortar restaurants are facing tighter profit margins, rising food costs, and labor shortages. To combat these economic pressures, thousands of operators have turned to a digital-first strategy: virtual brands. But a burning question remains for […]
How to Sell a Restaurant: Maximizing Value Through Story
How to Sell a Restaurant: Why “Telling the Story” Maximizes Your Valuation When a prospective buyer looks at a restaurant for sale, the first thing they check is the math. They want to see the Profit & Loss (P&L) statements, the Seller’s Discretionary Earnings (SDE), and the lease terms. However, data alone rarely closes a […]
Dominique Maddox of EATS Broker earns CFE (Certified Franchise Executive) Designation
Dominique Maddox, Founder and President of EATS Broker 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 […]
Day in the Life of a Restaurant Broker | EATS Broker
Have you ever wondered what goes on behind the scenes of a successful restaurant sale? Watching a local hotspot transition to new ownership might look seamless from the outside, but the path to a done deal is paved with intense strategy, meticulous financial analysis, and nonstop communication. As specialized restaurant brokers at EATS Broker, our […]
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 […]
What is the best time to sell a restaurant?
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 […]