Why are Asset Sale Restaurants HOT right now
Asset Sale Restaurants are HOT right now because several restaurant owners that need to sell were not profitable in 2022. What is an Asset Sale when it comes to selling a restaurant? An Asset Sale is a restaurant that is not profitable or makes minimal profits. An Asset Sale is priced for its Furniture, Fixtures, […]
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 […]
Restaurant Owner Exit Strategy: How to Prepare to Sell Your Restaurant | EATS Broker
Restaurant Owner: Do You Have an Exit Strategy? Most restaurant owners spend months or years thinking about how to open their restaurant. They think about the concept, menu, build-out, equipment, staff, branding, lease, vendors, and grand opening. But many restaurant owners do not spend enough time thinking about how they will eventually exit the business. […]
3 Types of Restaurants for Sale
The start of a new year brings an increase in the inventory of listed restaurants for sale. There are three types of Restaurants for Sale that buyers will find on the market. The difference between the three types of for-sale methods is how they are listed. – Restaurants for Sale by a Business Broker […]
3 Challenges to Selling a Franchise Restaurant
3 Challenges to Selling a Franchise Restaurant Selling a franchise restaurant can be a great opportunity for an owner who is ready to retire, relocate, expand, downsize, or move on to another business venture. A franchise restaurant often has brand recognition, operating systems, training, menu standards, vendor relationships, and an established customer base. However, selling […]
Why Do Restaurant Brokers Prequalify Buyers? | EATS Broker
Why Do Restaurant Brokers Prequalify Buyers? If you have ever browsed listings for a restaurant business for sale, you have likely encountered a firm barrier before obtaining any sensitive data: the pre-qualification process. Many prospective buyers wonder why they must submit financial documentation or answer probing operational questions just to get an address. On the […]
Thinking about selling a restaurant in 2023
It’s the time of the year when restaurant owners are thinking about selling a restaurant in 2023. It’s been a challenging year with increased labor costs, supply chain issues, food price inflation, and a lack of government financial assistance. At the end of the year, some Restaurant owners must sacrifice time spent with their loved […]
Why use a Restaurant Broker? When selling a restaurant.
Why use a Restaurant Broker when selling a restaurant is a good question. Could you save on a commission and market your restaurant For Sale by Owner? Yes, but the reality about selling a restaurant is that only about 30%-40% of restaurants listed for sale will sell, and only about 2%-5% of the buyers looking […]
Bring your own bottle (BYOB). Is it good for restaurants?
Bring your own bottle (BYOB) policy can be good for restaurants, but it also has some significant downsides. If a restaurant has a BYOB policy, customers are allowed to bring their alcoholic beverage of choice to the restaurant. Strict licensing requirements and high taxes on alcohol sales have made the idea of restaurant owners to […]