Thinking About Selling a Restaurant? Strategy & Timing | EATS Broker
Thinking About Selling a Restaurant? Strategy & Timing When you find yourself consistently thinking about selling a restaurant, your mind is likely consumed by numbers: your total investment, your remaining lease obligations, and the final payout you expect to receive at the closing table. However, transitioning from a day-to-day hospitality operator to a successful seller […]
Day in the Life of a Restaurant Broker | EATS Broker
Have you ever wondered what goes on behind the scenes of a successful restaurant sale? Watching a local hotspot transition to new ownership might look seamless from the outside, but the path to a done deal is paved with intense strategy, meticulous financial analysis, and nonstop communication. As specialized restaurant brokers at EATS Broker, our […]
How should I sell my Restaurant?
How should I sell my restaurant is a question most restaurant owners will have to deal with before exiting their business. Similar to residential real estate owners, restaurant owners have multiple options to choose from. Each option has pros and cons, but which one is actually better? Today’s internet has tons of information on selling […]
What is a Pocket Listing Agreement?
In the real estate industry in the United States, a pocket listing or hip pocket listing is a property where a broker holds a signed listing agreement (or contract) with the seller, whether that be an “Exclusive Right to Sell” or “Exclusive Agency” agreement or contract, but which is never advertised nor entered into a […]
Why do I need to show proof of funds
Did you know the statement “proof of funds” is not in the Merriam Webster dictionary? This information is interesting because the words, “proof of funds” are used daily in the Business Brokerage world. Proof of Funds (POF) demonstrates how much money a person or entity has available in liquid assets. When purchasing a restaurant, you […]
Why Buy a Restaurant? Here are Four Reasons?
It’s a golden opportunity for buyers to buy a restaurant in today’s market. BizBuySell.com states website traffic has increased with Buyers and Sellers activity. Customer traffic on the internet’s largest Business for sale site now exceeds pre-Covid-19 levels. Traffic to the website was up 19% May 2020 compared to May 2019. Yelp recently updated its Local […]
SBA Bank Lending for a Restaurant
SBA Bank Lending approval for a restaurant can be a challenging task to qualify for a buyer and can make the difference of a restaurant selling or not selling. Restaurants for sale that qualify for SBA lending on the market today are far less in numbers than buyers. The restaurants that sell for the highest […]
What Should Your Business Broker know about your business?
What Should Your Business Broker Know About Your Business? If you have reached the point where you would like to sell your business, odds are you will want to engage an expert business broker to guide you through the complex sales cycle. The relationship between a professional broker and a seller is the ultimate cornerstone […]
What is the best time to sell a restaurant?
Timing is defined as the choice, judgment, or control of when something should be done. Most Realtors would tell you the best time to sell a house at its highest price point would be May-August. What is the best time to sell a restaurant? EATS Broker would tell you January is the best time to […]