How to Buy an Existing Restaurant: A Practical Buyer’s Checklist
Buying an existing restaurant can be a cheat code and one of the fastest ways to enter the restaurant industry. The most common mistake for new restaurant owners is not planning for an exit strategy at the start, and having a buyer’s checklist. As a Dallas, Texas, restaurant broker, Dominique Maddox, CBI, CFE, works with […]
Buying an existing restaurant in 2024
Buying an existing restaurant in 2024 can be a great way to start the year. Buying a restaurant already established and built out can be a cheat code to success. Franchise Restaurant concepts are searching for existing restaurant space to convert to new concepts to save money on the initial build-out cost. The Restaurant Broker […]
How to review a Restaurant Profit and Loss Statement
Understanding how to review a Restaurant Profit and Loss Statement is a crucial variable for a Restaurant Valuation to determine the restaurant’s actual value. Restaurants are one of the industries that the ratios on a profit and loss statement can give valuable clues on how a seller operates his/her restaurant. Unexperienced buyers will look straight […]
3 differences between Business vs Real Estate Brokerage
Most would agree when it’s time for you to buy a home you look for a real estate broker. When you are considering to sell or buy a business, with or without real estate attached, you look for a business broker or if you are selling or buying a restaurant find a Restaurant Broker. Both […]