What is a restaurant brokerage? This is a question that is frequently asked by restaurant owners looking to sell their businesses. A Restaurant Brokerage is created by a business broker who specializes in helping restaurant owners with the transaction of selling a restaurant or acquiring restaurants through acquisitions. Restaurant Brokerage firms provide restaurant valuations to restaurant owners ready to exit the restaurant business.
The phrase “Restaurant Brokerage” is not commonly used. Professionals who work in a Restaurant Brokerage are considered Restaurant Brokers, Restaurant Resale Specialists, Restaurant Business Brokers, or Restaurant Franchise Brokers.
Why should Baby Boomer owners choose a Restaurant Brokerage instead of a General Business Brokerage? It is a common question received by Restaurant Brokers frequently. Dallas Restaurant Broker Dominique Maddox says, “We speak restaurants at EATS Broker; every day, we only work with restaurant owners. Selling restaurants isn’t just a business to us; it’s what we specialize in doing.”
To understand what a Restaurant Brokerage is, you need to be familiar with the term’ restaurant broker’ and what distinguishes them. A Restaurant Broker specializes in the niche industry of only selling restaurants, bars, and nightclubs. A Business Broker can sell a restaurant, but they don’t specialize in the transfer process. Selling a restaurant is much different than selling a regular business.
The benefit a Restaurant Broker has over the competition is that they solve problems before they arise, as they have experience in selling restaurants. Restaurant Brokers live and breathe the food service industry. There are only a few restaurant brokerage firms in each state.
Why should a restaurant owner contact a Restaurant Brokerage? You don’t need to be ready to sell today or tomorrow. The Restaurant Brokers at EATS Broker provide complimentary restaurant valuations. Many baby boomer restaurant owners begin the conversation months before they officially list a restaurant for sale. Early planning can increase the restaurant’s valuation and reduce challenging obstacles.
Considering selling a restaurant, even if it’s just a thought, contact the Restaurant Broker at EATS Broker to initiate the conversation. We offer confidential consultations to address any questions you may have about the selling process.
For more information on the restaurant market and other available consulting services or to request a complimentary restaurant valuation, please get in touch with Restaurant Business Broker Dominique Maddox at 404-993-4448 or via email at [email protected]. Visit our website at www.EATSbroker.com
