Selling a restaurant business
What are the steps to the closing table when selling a restaurant business? Each restaurant resale transaction is different because the terms and participating professionals change. Selling a non-franchise restaurant is a different sales process than selling a franchise restaurant. Selling a restaurant with SBA lending involves many more steps than closing a cash deal […]
EATS Broker attends The Scrimmage: Franchise Master Class
Dallas Restaurant Broker Dominique Maddox at EATS Broker.
Emerging Restaurant Brands- The challenges of selling a restaurant resale
Selling a Restaurant resale, especially for an emerging brand, can present many challenges. An Emerging Restaurant Brand can be defined as a Franchise Brand with less than 100 units. Emerging restaurant franchise brands are newer ventures still enduring growing pains. The Restaurant Business Broker knows that selling an Emerging Restaurant Brand in a new territory […]
Restaurant Owner do you know the lease terms
Ask a Restaurant Owner if you know the lease terms of your restaurant. The common answer will be, “Yes, I signed the lease agreement and have a copy. The Restaurant Business Broker estimates that after selling restaurants for 11 years, only about 25% of restaurant owners actually know the critical dates of the lease agreement […]
EATS Broker sells Gabriel’s in Santa FE, New Mexico
Restaurant Broker Dominique Maddox of EATS Broker sells Gabriel’s located at 4 Banana Ln, Santa Fe, New Mexico. EATS Broker represented the seller and buyer in the transaction. The new buyers are excited about the opportunity. The buyers bring a wealth of knowledge coming from a restaurant background. They plan to keep the concept the […]
EATS Broker sells a Dickey’s Barbecue Pit in Fayetteville, Georgia
Dominique Maddox of EATS Broker sells a Dickey’s Barbecue Pit in Fayetteville, Georgia. EATS Broker represented the seller and buyer. The seller owned the business for only nine months before realizing they wanted to move on from the restaurant industry. The new owner plans to continue the same operations and increase catering orders. This established […]
Common Mistakes: Restaurant for Sale by Owner
Restaurant for Sale by Owner listings usually try selling a restaurant business without the assistance of a Restaurant Broker. Some restaurant owners decide to sell a restaurant on their own to save on the commission a restaurant business broker charges. The old saying is “knowledge is power,” and the art of selling a restaurant can […]
Selling a restaurant? What does the buyer pay for?
When selling a restaurant, most sellers don’t know what the buyer pays for at the closing table besides the listing price. Outside of the listing price, several additional fees should be negotiated upfront between the buyer and restaurant seller. Restaurant Business Brokers are trained to know the typical components of the fees associated with selling […]
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 […]
