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 […]
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 […]
What is a Pocket Listing Agreement?
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 […]
What are the Benefits of Buying an Existing Restaurant?
The million-dollar question for buyers should be,” what are the benefits of buying an existing restaurant”? The Restaurant Industry has a high failure rate, around 60 percent of new restaurants fail within the first year. And nearly 80 percent shutter before their fifth anniversary according to CNBC.com Knowing these tremendous odds of failure, there are […]
Why do I need to show proof of funds
Did you know the statement “proof of funds” is not in the Merriam Webster dictionary? This information is interesting because the words, “proof of funds” are used daily in the Business Brokerage world. Proof of Funds (POF) demonstrates how much money a person or entity has available in liquid assets. When purchasing a restaurant, you […]
Why Buy a Restaurant? Here are Four Reasons?
It’s a golden opportunity for buyers to buy a restaurant in today’s market. BizBuySell.com states website traffic has increased with Buyers and Sellers activity. Customer traffic on the internet’s largest Business for sale site now exceeds pre-Covid-19 levels. Traffic to the website was up 19% May 2020 compared to May 2019. Yelp recently updated its Local […]
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 […]
Dominique Maddox of EATS Broker Sells CANS Taqueria
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 […]
How the Pandemic Changed Restaurant Valuations | EATS Broker
How the Pandemic Permanently Changed Restaurant Valuations: What Buyers and Sellers Must Know The hospitality industry has entered a completely new economic era. While the immediate disruptions of the pandemic are in the rearview mirror, the structural changes it forced upon the restaurant industry have permanently altered how food and beverage businesses are valued, bought, […]