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. […]
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 […]
What Are the Hardest Restaurants to Sell? | EATS Broker
What Are the Hardest Restaurants to Sell? The restaurant industry is vibrant, fast-paced, and filled with passion. However, the commercial reality of exiting the space can be a sobering wake-up call for many owners. Statistics show that only about 30% to 40% of all restaurants listed for sale will actually close a deal with a […]
3 Crucial Mistakes to Avoid When Selling Your Restaurant | EATS Broker
Deciding to step away from your business and sell your restaurant is one of the most significant financial and emotional choices you will ever make as an entrepreneur. However, finding an interested buyer and agreeing on a base sales price is only the beginning of a complex negotiating journey. To increase the odds of successfully […]
When to Sell a Restaurant: 8 Reasons Why That Start with “D”
When to Sell a Restaurant? 8 Reasons Why That Start with “D”! Deciding when to sell a restaurant is one of the most emotionally and financially challenging choices a business owner will ever make. Whether your eatery is thriving and you want to cash out at peak value, or you are facing operational headwinds, timing […]
Are You Ready to Sell Your Restaurant? 7 Questions Owners Must Ask Themselves
Have you found yourself looking at your dining room before service, wondering if it’s finally time to move on? You aren’t alone. Deciding to sell your restaurant is one of the most mentally complex and emotionally draining decisions a hospitality business owner will ever make. For most operators, a restaurant isn’t just a corporate LLC; […]
4 Tips on How to Sell a Restaurant Successfully
Written by Dominique Maddox, CBI, CFE, Founder and President of EATS Broker, a restaurant brokerage firm specializing in restaurant, bar, and franchise resales.” Selling a restaurant is not the same as selling a house, a piece of equipment, or a regular small business. A restaurant sale involves financial records, lease terms, landlord approval, buyer financing, […]
What Is Restaurant Prime Cost? How to Calculate and Lower It
What Is Restaurant Prime Cost and Why Does It Matter? In the hospitality industry, profit margins are notoriously thin. Between fluctuating food prices, changing minimum wage laws, and seasonal shifts in foot traffic, restaurant owners must maintain a laser-focused grip on their finances. If you want to know whether a restaurant is truly healthy or […]
Virtual Brands: Do They Work for Restaurant Owners? | EATS Broker
Virtual Brands: Do They Work for Restaurant Owners? The culinary landscape has shifted dramatically over the last few years. Traditional brick-and-mortar restaurants are facing tighter profit margins, rising food costs, and labor shortages. To combat these economic pressures, thousands of operators have turned to a digital-first strategy: virtual brands. But a burning question remains for […]