Selling a Restaurant? Are you ready
When selling a restaurant, owners can make several mistakes that impact the experience. Restaurant Business Brokers sell multiple restaurants a year, while most restaurant owners will only experience selling a restaurant once in their lifetime. Understanding the resale process of restaurants takes years of experience. When selling a restaurant, business owners should prepare mentally for […]
What is the best time to sell a restaurant?
The best time to sell a restaurant can depend on various factors outside the Restaurant seller’s control. The elements can include specific circumstances of the restaurant business, market conditions, and your personal goals. The Restaurant Broker at EATS Broker provides some considerations to help you determine the optimal time to sell a restaurant: Financial Performance […]
Thinking about selling a restaurant
When restaurant owners are thinking about selling a restaurant, it’s essential to approach the process thoughtfully and strategically. Every Restaurant owner has a different story about why they want to sell a restaurant, but some things are expected. The restaurant business broker at EATS Broker provides steps to consider when thinking about selling your restaurant: […]
EATS Broker attends Black Franchise Symposium and Trade Show in Dallas, Texas
The President and Founder of EATS Broker Dominique Maddox attended the September African American Franchise Symposium and Trade show in Dallas, Texas. The event made history as the FIRST-EVER Black Franchise Symposium and Trade Show in the United States! The event was held at Yum! Corporate Campus located in Plano, Texas. The Symposium was filled […]
EATS Broker sells Bobby V’s in Arlington, Texas
Dominique Maddox of EATS Broker sells Bobby V’s Sports Gallery Café located at 4301 S Bowen Rd, Arlington, TX 76016. EATS Broker represented the seller in the transaction. Bobby V’s is one of the oldest sports bars in Arlington, TX, established in 1985 by former Texas Rangers head coach Bobby Valentine. Bobby V’s is a […]
Selling your Restaurant: What should you know?
Are you selling your restaurant in today’s market? What should you know about selling a restaurant before you start? The Restaurant resale market is much different from the housing resale market. Only 2%-5% of Restaurant Buyers inquiring about restaurants for sale will purchase a restaurant. Dominique Maddox of EATS Broker thinks restaurant owners are shocked […]
How to Grade a Restaurant for Sale
How to grade a restaurant for sale is a good question for a restaurant owner. Since Pre-K, most have been taught to judge performance by our grades. Office Buildings in Commercial Real Estate are placed in one of three categories: class A, class B, or Class C. A building rating is a national benchmark. Each […]
When it’s time to sell a restaurant, do you have an Exit Strategy?
When it’s time to sell a restaurant, most restaurant owners don’t have an exit strategy. Some Restaurant Owners think they can sell their Restaurant anytime, like a residential property. The hard fact is that only about 20%-30% of restaurants listed on the market will sell. Restaurant owners with a plan when it’s time to exit, […]
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 […]
