Lease Negotiation Tips for Restaurant Owners: What You MUST Know Before You Sign
By Dominique Maddox, CBI, CFE – Restaurant Broker & Founder of EATS Broker. Helping restaurant owners across 15+ states navigate valuations, lease negotiations, and successful exits. Most restaurant owners understand food costs, menu pricing, staffing, and marketing, but too many fail to understand their commercial lease fully. That mistake can cost hundreds of thousands of […]
Selling Your Restaurant? Here’s What Every Owner Must Know
Advice from a Restaurant Broker Who Specializes in Selling Restaurants As a restaurant owner, deciding to sell your business is one of the most significant financial and emotional decisions you’ll ever make. Selling a restaurant is not just a business decision; it’s an essential economic and legal transaction that requires preparation, strategy, and professional guidance. […]
Restaurant Valuations for Baby Boomer Owners
Restaurant valuation is a specialized process combining financial analysis, industry knowledge, and industry-specific knowledge. Working with a professional restaurant broker becomes essential for Baby Boomer restaurant owners looking to sell a restaurant. As Baby Boomers start thinking about retirement or transitioning into the next phase of life, one critical question arises: What is my restaurant […]
Documentation required when Selling a Restaurant
The Documentation required when selling a restaurant can depend on several factors. Once the buyer’s offer is accepted, the restaurant owner starts to think about how to complete due diligence. This essential step involves the buyer examining the restaurant documentation to determine the value, goodwill, intellectual property, and condition of furniture fixtures and equipment. Every […]
3 Common Mistakes Restaurant Buyers Make
What are the Common mistakes restaurant buyers make when buying a restaurant? The answer is complicated but simple at the same time. There are several common mistakes that potential restaurant buyers should be aware of when deciding to buy a restaurant. The Restaurant Broker at EATS Broker provides some of the most common mistakes restaurant […]
EATS Broker attends Black Franchise Symposium and Trade Show in Dallas, Texas
The President and Founder of EATS Broker Dominique Maddox attended the September African American Franchise Symposium and Trade show in Dallas, Texas. The event made history as the FIRST-EVER Black Franchise Symposium and Trade Show in the United States! The event was held at Yum! Corporate Campus located in Plano, Texas. The Symposium was filled […]
How to Grade a Restaurant for Sale
How to grade a restaurant for sale is a good question for a restaurant owner. Since Pre-K, most have been taught to judge performance by our grades. Office Buildings in Commercial Real Estate are placed in one of three categories: class A, class B, or Class C. A building rating is a national benchmark. Each […]
Buying a Restaurant with SBA Lending. Things to Know
Buying a Restaurant with SBA lending is a great opportunity for buyers to finance up to 90% of the total acquisition cost. Restaurant Acquisitions are eligible for Small Business Administration (SBA) 7(a) loans, but the process can be time-consuming and requires many supporting documents. The restaurant buyer’s and the restaurant seller’s financial documents must be […]
10 Ten Interesting Facts about the Restaurant Industry
It’s easy to find interesting facts about the Restaurant Industry. The National Restaurant Association publishes a Restaurant Owner Demographics Data Brief every year. After reading the March 2022 Data Brief, the Restaurant Broker at EATS Broker picked ten interesting facts. Hawaii (64%), Texas (59%), California (58%), Georgia (55%), Maryland (54%), and the District of Columbia […]