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 […]
How to Buy a Restaurant – Expert Guide by EATS Broker
Buying a restaurant can be a fast, strategic way into business ownership when done right. Purchasing an established restaurant offers infrastructure, equipment, licenses, and often cash flow that would take years to build from scratch. However, buying a restaurant without proper guidance exposes buyers to unique legal, financial, and operational risks in the food service […]
7 Stages to Buying a Restaurant Franchise Resale
The Stages of Buying a Restaurant Franchise Resale can be complex and sometimes seem never-ending. The Restaurant Broker will provide a road map for success when buying a restaurant. EATS Broker helps restaurant buyers through the obstacles of buying a restaurant. The majority of buyers have never purchased a Restaurant Resale and are clueless about […]
What is important when buying a restaurant
Performance is critical when buying a restaurant, a known fact to savvy buyers today. BizBuySell Insight Report 2024 Q2 reports support the theory that buyers desire to invest in a performing and established restaurant or other business. The Insight report notes that 42% of buyers say performance matters most, followed by growth potential at 26% […]
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 […]
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 […]
5 Benefits of Buying an Existing Restaurant
The 5 Benefits of Buying an Existing Restaurant have many positive attributes. The current restaurant owner has built a proven business model, established a client base, and gone through the headaches of the initial building-out phase of the restaurant space. The harsh reality of the restaurant industry is that 60% of restaurants will close their […]
Buying an existing restaurant to convert to a new concept
Buying an existing restaurant to convert to a new concept is an excellent way for a non-experienced restaurant owner and an experienced restaurateur to become a restaurant owner. The new buyers benefit from the hard work the current owner has experienced to build out the restaurant, open the restaurant, and maintain the restaurant. An existing […]
Selling your Franchise Restaurant
Are you thinking about selling your franchise restaurant in 2023? We have finished the Holiday season, and now it’s time to get ready to start a new year with new challenges. Some of the most seasoned restauranteurs, managers, and employees exited the restaurant industry in 2022. The challenges of labor rate inflation, labor shortage, food […]