3 Challenges to Selling a Franchise Restaurant
3 Challenges to Selling a Franchise Restaurant Selling a franchise restaurant can be a great opportunity for an owner who is ready to retire, relocate, expand, downsize, or move on to another business venture. A franchise restaurant often has brand recognition, operating systems, training, menu standards, vendor relationships, and an established customer base. However, selling […]
Thinking about selling a restaurant in 2023
It’s the time of the year when restaurant owners are thinking about selling a restaurant in 2023. It’s been a challenging year with increased labor costs, supply chain issues, food price inflation, and a lack of government financial assistance. At the end of the year, some Restaurant owners must sacrifice time spent with their loved […]
Why use a Restaurant Broker? When selling a restaurant.
Why use a Restaurant Broker when selling a restaurant is a good question. Could you save on a commission and market your restaurant For Sale by Owner? Yes, but the reality about selling a restaurant is that only about 30%-40% of restaurants listed for sale will sell, and only about 2%-5% of the buyers looking […]
Bring your own bottle (BYOB). Is it good for restaurants?
Bring your own bottle (BYOB) policy can be good for restaurants, but it also has some significant downsides. If a restaurant has a BYOB policy, customers are allowed to bring their alcoholic beverage of choice to the restaurant. Strict licensing requirements and high taxes on alcohol sales have made the idea of restaurant owners to […]
3 Crucial Mistakes to Avoid When Selling Your Restaurant | EATS Broker
Deciding to step away from your business and sell your restaurant is one of the most significant financial and emotional choices you will ever make as an entrepreneur. However, finding an interested buyer and agreeing on a base sales price is only the beginning of a complex negotiating journey. To increase the odds of successfully […]
When to Sell a Restaurant: 8 Reasons Why That Start with “D”
When to Sell a Restaurant? 8 Reasons Why That Start with “D”! Deciding when to sell a restaurant is one of the most emotionally and financially challenging choices a business owner will ever make. Whether your eatery is thriving and you want to cash out at peak value, or you are facing operational headwinds, timing […]
Restaurant Broker Dominique Maddox of EATS Broker sells two Schlotzsky’s
Restaurant Broker Dominique Maddox of EATS Broker sells two Schlotzsky’s franchises in Galveston, Texas. EATS Broker represented the seller and buyer for this transaction. The seller, a multi-unit owner, had experience selling their restaurants for sale by the owner in the past. After researching EATS Broker, they decided to give the Restaurant Brokerage Firm located […]
Preparing to Sell a Restaurant-What you Should Know
The decision to sell a restaurant is the first step and figuring out how to sell a restaurant is the second step. When preparing to sell a restaurant, what should you know before starting the process? Baby boomers at record numbers are planning to retire and want to sell a restaurant. The preparation to sell […]
Questions to ask when Buying a Restaurant Franchise Resale
Customers that are buying a Restaurant Franchise resale do intensive research on the restaurant for sale opportunity but not enough research about the Franchise Brand. The relationship between a Franchisee and Franchisor is a business marriage that can end in success or divorce. Franchise Brands provide the franchise disclosure document (FDD) to individuals interested in […]