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 […]
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 […]
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 […]
Restaurant Broker Dominique Maddox of EATS Broker sells Lenny’s Subs & Grill
Restaurant Broker Dominique Maddox of EATS Broker sells Lenny’s Subs & Grill in Humble, Texas. EATS Broker represented the seller and buyer for this transaction. The seller had owned the location for 16 years before deciding to sell and retire. The new buyers are excited about the opportunity to own a restaurant in the United […]
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 […]
How to sell a restaurant? Tell your Restaurant Story
To sell a restaurant, one must first tell “The Restaurant Story” to the buyer that they believe and want to be a part of the story moving forward. Restaurant buyers want to know the story of the Restaurant and the owner. The “Restaurant Story” explains why, how, and opportunities for continued success to the buyer. […]
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; […]
Closing Attorneys for Restaurant Sales Transactions
Closing Attorneys for restaurant sales transactions are an essential part of the selling a restaurant process. Closing Attorneys act as neutral third parties in the transaction. Since they don’t represent either buyer or seller, as an attorney would. Closing Attorneys are known by multiple names like Escrow agents and Real Estate attorneys. The Closing Attorney’s […]