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. […]
Restaurant Broker Dominique Maddox of EATS Broker sells two Schlotzsky’s
Restaurant Broker Dominique Maddox of EATS Broker sells two Schlotzsky’s franchises in Galveston, Texas. EATS Broker represented the seller and buyer for this transaction. The seller, a multi-unit owner, had experience selling their restaurants for sale by the owner in the past. After researching EATS Broker, they decided to give the Restaurant Brokerage Firm located […]
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 […]
Questions to ask when Buying a Restaurant Franchise Resale
Customers that are buying a Restaurant Franchise resale do intensive research on the restaurant for sale opportunity but not enough research about the Franchise Brand. The relationship between a Franchisee and Franchisor is a business marriage that can end in success or divorce. Franchise Brands provide the franchise disclosure document (FDD) to individuals interested in […]
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 […]