Advice for Buying a Restaurant and Selling a Restaurant

Robin Gagnon

Recent Posts

A Restaurant Buyer or Seller’s Guide to Valuation by the Restaurant Brokers

Posted by Robin Gagnon on Apr 25, 2017 9:01:33 AM

While everyone has some idea how much they want to pay or price a restaurant for sale, the truth is, selling a restaurant is a math problem with a right and wrong answer

What is the methodology for restaurant valuation?  For lenders and sophisticated restaurant brokers familiar with the process it’s the Income Valuation Method.  This is the most favorable and trusted method used to value restaurants for sale.  In today’s lending environment, this is how we establish value and secure financing on a business.  A restaurant for sale with solid profits that fits the SBA criteria to both satisfy the buyer’s lifestyle needs and satisfy the debt payments with a 25% cushion will qualify for lending.    

 For that reason, the Income Valuation Method provides the most acceptable method of valuation for banks, lenders and individuals in assessing how much to pay for a restaurant.  In a situation where a restaurant buyer is paying cash, this helps to reduce fear of the transaction as the business has a proven track record. 

calculator-988017_960_720.jpgA restaurant for sale with strong books and records, assessed under the Income Valuation Method has the highest number of potential buyers and hence commands the highest possible price.  An expert  restaurant broker can go through the Profit and Loss statement along with tax returns to find the Seller’s Discretionary Earnings (SDE) or owner benefit that is customarily accepted by lenders to value the business.   This includes net income PLUS reasonable and customary add-backs.

Add Backs are the benefits realized by a seller today that go away when he or she leaves the business. For example, owner’s 1099 or W2 earnings are calculated as Add Backs.  Any personal expenses such as a cell phone or auto expense for the benefit of the seller are also “added-back” to the bottom line to calculate the earnings.

What is not allowable for “add-back” purposes are efficiencies a new owner could potentially achieve that the current operator hasn’t.  It should factor in your decision to buy but should not be calculated in the pricing of any    restaurant for sale.  The entire purpose of the add backs is to calculate owner benefit and ultimately pricing of the business.  If you can identify strategies to be more successful in the future than the current owner, that benefit belongs to you as a buyer, not to the seller in the pricing of the business. 

Once the Seller’s Discretionary Earnings is appropriately determined, then it becomes the basis for a “multiple” for pricing    restaurants for sale. Every buyer wants the answer to the question, “What’s the multiple for restaurant pricing?” and the response rarely satisfies anyone.  In general, restaurants for sale can be offered and sold somewhere between 2.5 and 3 times times earnings, with market factors adjusting this up or down.  For purposes of this article, we are limiting our discussion to single restaurant units.  Multi-unit sales (anything above two, especially franchise) changes the multiple significantly and requires a whole different analysis and pricing model.

“How much to pay for a restaurant for sale? ” can be affected by any of the following variables including:  strength of books and records, saturation of concepts in the marketplace, seasonality, location,   comparable Sales Information or “comps,”  franchise or  independent offering, geography and competition. 

Strong restaurant brokers that know the market and should be able to share exactly where a restaurant is priced based on the multiple and why.   Ask some questions of your broker to be certain they fully understand restaurant pricing.  If you’re not satisfied with the response, find an expert restaurant broker to help you buy a restaurant.

Our restaurant for sale listings are all valued using the same methodology and can be found at this link.

Check Available Listings

Topics: buying a restaurant, selling a restaurant

Selling a Restaurant? 5 Pieces of Advice to get to “Sold”

Posted by Robin Gagnon on Apr 21, 2017 9:13:11 AM

Selling a restaurant can be easier than you think if you follow these five pieces of advice.   

Establish Trust with Your Restaurant Broker

It is critical when selling a restaurant to establish a relationship of trust between you and your restaurant broker.  The relationship between the Broker and Seller must be one of complete honesty.  We heavily advocate the “No Surprises” policy.  Pull out all the dirty laundry and make sure your broker is aware of every liability.  You may think you’re the only restaurant with a liquor license citation, a tax lien in the hundreds of thousands, a sexual harassment lawsuit by the waitresshandshake-2056023_960_720.jpges or back rent of $35,000 but trust us when we say, the experienced restaurant broker has seen it all before. 

You’ve hired his or her knowledge because they know how to work through the issues, resolve them and keep this deal managed through to the closing table.  The worst mistake you can make as a seller is to hide anything from the broker.  The only thing he can’t deal with is something he’s not aware of.  Remember, no surprises.   

Establish a Communication Strategy

Secondly, make sure you ask the broker how they  communicate with you.  Some brokers have highly standardized systems that enter Buyer notes and automatically send you an email when someone communicates with the broker on your listing.  Our system does that.  Others simply call when there’s significant activity.  Still other brokers aren’t great at communicating the status of the listing at all. If you want ongoing updates and that’s important to you, set the expectation with your broker early.  If you only want to hear from him when he’s got a deal, share that too.  Brokers that specialize in the restaurant business know the hours.  They don’t call anyone at 8am since they know you work late nights.  They also don’t call you between 11:30 and 1:30 if you operate a lunch business.  They never call you at the restaurant since they don’t want to open up a confidentiality issue or if they do, they leave a message using their first name only. Tell your broker what you want to hear and when you want to know.  

Understand the Listing Agreement

The relationship between a seller and his broker is formalized through a listing agreement. This is a contractual obligation.  Make sure there are no misunderstandings about what you are selling and who is authorized to sign so that offers move quickly to the closing table. 

Have all of the partners consent and sign a corporate resolution to sell before signing the listing agreement.  This protects you when offers come in and one partner changes their mind or another is in Brazil for two weeks without email.  Sign and get a corporate seal on a document that says, the corporate officers met and agreed to sell the business by a vote taken this day.  Give one partner the authority to sign on behalf of everyone else.  When the partners are a husband and wife, this step is sometimes unnecessary.  If there are several partners in the business, the broker may require the resolution along with signature on the listing agreement. The broker will have a copy of this form and a copy is included in the appendix.

Check Your Legal Status

Make sure you understand who is selling the business.  The listing agreement must be signed by the legal entity that owns the business assets for sale (and the one on the liquor license).  Therefore, the legal name of the selling business is always used on the contract.  Another step you should take as a seller is to verify the status of your corporation.   Go online at the Secretary of State website for your state and make sure that the officers listed in the state website are correct and that all filings are up to date.  Failing to do this at the onset will cause problems down the road when a contract is written.

Relax and let the Restaurant Broker Work

Once the listing is in place, keep the business in the best possible shape.  Make sure sales stay flat or are increasing (never in decline).  Look at the business with a critical eye and go ahead and call in the cleaners and make minor repairs to freshen up the store.  Most of all, concentrate on what you do best – operating a business and let the restaurant broker focus on bringing a buyer to the table.

Follow these basics on how to sell a restaurant and you’ll go from a restaurant for sale to a restaurant sold without a hitch.

Looking for the restaurants we've sold?  Check out our restaurant seller testimonials from other restaurant sellers at this link.

Topics: selling a restaurant

Featured Listing -- 8 Franchise Units in a Major Market EBITDA of $434,000

Posted by Robin Gagnon on Apr 17, 2017 3:30:13 PM

This featured listing is an amazing opportunity to anyone looking to expand their portfolio into a multi-unit franchise ownership. This package concentrates all the authority for a national brand into a single operator in a major market.  You get a money driving food truck and eight locations that are pumping out volume between $500,000 to $646,000 at each door.

The opportunity, priced at $1.695,000 is a smart buy.  The volume of these locations is over $4.765 million.  Currently handled with a smart District Manager in place, all the operational controls are already there!  The $434,218 in EBITDA calculations includes the franchise royalties, the district manager and store level management. These types of sales and revenue do not come along every day! Plus there is a right to develop another location adding to that bottom line.

Unmatched opportunity with this fully dressed out Food Truck that is plugged into the entire local scene including all major sporting events (think final 4) and much more. This will not remain in the restaurant brokers’ inventory for long.

These eight locations are quick casual National Sandwich Franchises with limited hours keeping labor cost low. No alcohol or frying of food makes these locations easy to run. The payroll for the District Manager and store leadership is all calculated in the EBITDA on these franchises for sales. This is an award winning, top ranked brand that is showing consistent growth and expansion and has a superior support system.  However, a buyer must demonstrate strong liquidity (7 figures or more) and have relevant multi-unit food service experience to qualify for this outstanding opportunity.

Located in a booming part of the nation that is full of sunshine this area rates among the top 10 best states in job creation. You will have business year around waiting to eat up this delicious concept.  A wealthy and thriving community among all the states gives this southwest destination a bottom ten ranking poverty.

Ready to eat up this rare opportunity. Bring us your net worth of 7 figures and show you previous multi-unit experience. The franchise is ready to make a deal! All stores have long term leases with favorable terms.  This is an award winning, top ranked brand that is showing consistent growth and expansion and has a superior support system

Current ownership team is moving out of the business to pursue other opportunities and is interested in making a deal happen quickly.  Let's talk terms!

This should qualify for SBA lending with no issues and the restaurant brokers will have you in front of our resources for a quick approval.  We must see liquidity of $1,000,000 on this transaction in order to meet the brand requirements.  Send directly to Certified Restaurant Broker Robin Gagnon for a complete package on these franchises for sale.

expansion and has a superior support system.  However, a buyer must demonstrate strong liquidity (7 figures or more) and have relevant multi-unit food service experience to qualify for this outstanding opportunity.

Located in a booming part of the nation that is full of sunshine this area rates among the top 10 best states in job creation. You will have business year around waiting to eat up this delicious concept.  A wealthy and thriving community among all the states gives this southwest destination a bottom ten ranking poverty.

 

 
 
Listing ID:5454 Restaurant Broker Robin Gagnon    
Franchises for Sale - Major Market 8 Units $4.8 MM in Sales
Lease:
Monthly Rent: $
Inside Sq. Ft.
Outside Sq. Ft.
Price:$1,695,000


Robin Gagnon
(404) 800-6701

Topics: buying a restaurant

Donato's Pizza Franchise SOLD in Huntsville Alabama by the Restaurant Brokers

Posted by Robin Gagnon on Apr 13, 2017 6:13:16 PM

Business transactions are up!  According to a national report by BizBuySell, Small Business Transactions jumped 29% in the first quarter of 2017. We Sell Restaurants contributed to that trend with many transactions including a Donato's Pizza Franchise in Huntsville, Alabama, sold by Certified Restaurant Broker Steve Weinbaum. 

pizza-435930_1280.jpgDonatos Pizza is a pizza delivery restaurant chain headquartered in Columbus, Ohio.  The brand has nearly 200 locations in eight states and helped to serve up many of the 5.5 billion pizzas sold last year.  The buyer,  James Weinberger is a local Alabama resident who has already attended the training and taken over operations.  He will be spending time as a hands on owner/operator in the store.  

This local unit sold by the restaurant brokers has been operating since 1999 and is well known in the Huntsville, Alabama market.  The store, located at 7500 Memorial Parkway S in Huntsville has four-star customer reviews on Google.  Huntsville is the fourth-largest city in Alabama and the 2013 Census placed the population just short of 700,000. 

In its home market of Columbus, Donatos commands a 35 percent market share in the pizza segment. Donatos is on the cutting edge of customer knowledge, market intelligence and digital service. With average restaurant sales over $1M per year, Donatos is one of the strongest financial performers in the pizza segment.  The Donatos Pizza concept started as a family owned chain before being acquired by McDonalds in 1999. The founding family reacquired Donatos from McDonalds in 2003.

 

 

The seller, Ben Wheeler, has been running the franchise location for over a decade and was excited to turn the reins over to the new buyer.   Delivering up quality and great service to hungry pizza consumer has it rewards, but Mr. Wheeler decided to take another path.  He contacted We Sell Restaurants to list his pizza franchise for sale in September of 2016 and the Restaurant Brokers found a buyer, negotiated the transfer process with the brand and closed on the transaction just 132 days later.   It took just 16 buyers working closely with We Sell Restaurants, before the deal was in contract and headed to the closing table. 

 

The legacy franchise pizza restaurant for sale was sold as an open and operating location in its 2600 square foot space that was fully equipped. The transfer includes the remaining term of the franchise agreement and additional option years to renew. 

If you're lookcing for a franchise pizza business for sale like this opportunity, our listngs coast to coast can be found online at this link which includes a number of pizza business for sale alternatives.

Ready to sell your restaurant?  Give us a call at 1 888 814 8226 or follow this link and we'll get back to you quicklky with a free valuation on your restaurant for sale.  

 

 

Topics: selling a restaurant

Buying a Franchise Restaurant for Sale? Don’t Sabotage Your Approval with These Mistakes

Posted by Robin Gagnon on Apr 11, 2017 4:37:06 PM

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In the course of buying a franchise restaurant, there are a number of hurdles to overcome, not the least of which is the franchise approval.  For most brands, that includes a process for application, followed by a Discovery Day and culminating in an approval for the franchise restaurant buyer.  How does this go “off the rails” and result in a turndown?  Here are the surefire mistakes we’ve seen that destroy a relationship before it gets going.  The Restaurant Brokers can nearly guarantee a non-approval once you start down these paths to self-destruction or non-approval.   

Franchise approval starts and ends with the very thing each franchise restaurant for sale brand is actually selling to you.   They are selling access to their trademark, their trade secrets and a defined way of doing business.  For virtually every brand, the word “process” is critical so the first, most critical step is following their procedures in applying. 

Sabotaging Your Approval by Attempting to Leapfrog to Approval without a Contract 

Here’s one path to denial; changing up the application process.  For almost every franchise restaurant resale, the brand requires that first and foremost, you have an offer in place with the seller before you begin working on franchise approval.  The only exception to this is for a current franchisee of the brand.

Most franchise brands have a right of first refusal.  They want to hear from that franchisee – the one they are in an existing business relationship with, before they start talking to you as a potential buyer.  Therefore, until you and the seller have agreed on a price and come to initial terms, you should not circumvent the application process and go directly to the brand. The seller will either ask his restaurant broker to handle this or will take care of it himself.  In either case, the seller authorizes the first introduction.   

Certain buyers attempt to evade this requirement and go into the approval process as a “new buyer” and then tell the brand it’s for a resale.  This is a classic bait and switch.  Trust us when we tell you that the franchise development team working with you does not like this approach.  Their compensation for new sales is usually very different from resales and souring the relationship with the Area Developer or person who will be overseeing your success (and the transfer process) for the near and long term is not an advisable step and will quickly lead to a turn down.  If you are not trustworthy, why should an established brand bring you on board their team? 

Sabotaging Your Approval by Ignoring the Process & Timelines

Some franchise restaurant buyers come to We Sell Restaurants and simply don’t believe they have to follow the laid out application process.  A brand says they want to see proof of funds first and the buyer says, I’ll show it when we’re further down the road.  The franchise requests that every partner be available for the Discovery Day and only one of the two attends.  The brand says all the paperwork to attend Discovery Day must be submitted by the first and they get it in on the 10th.

A franchise is based on a business process, a shared set of systems and an approach to the industry that generates the fastest route to success.  For many brands, it’s not about the results of each step in the process, it’s that you can follow directions and execute to a planned outcome.  Think about it.  If a franchise restaurant requires consistency across locations, why would the brand welcome you with open arms if you are in fact, a maverick that simply wants to do it your own way?  If you want to keep from sabotaging your approval, follow the process, in order and in a timely manner.

Sabotaging Your Approval by Asking for Concessions First!

 As a restaurant broker, I have to admit that even I am shocked by this one but I see it at least once in every twenty or so transactions.  Buyers will have their first call with the franchise and despite having been prepped up front to understand the length of training or the menu items or any manner of things, they immediately begin complaining (and negotiating) about these items on their first call with the brand.

Is it possible to get concessions related to the time of training or the menu items or the service of alcohol or any other item a buyer may have on their mind?  The answer is…sometimes.  The time to raise these issues however is not on the first call. Think about this like a first date or a “getting to know” you call.  Any item you want to attempt to negotiate should be much further down the road in discussions.  For example, a requested one on one with Operations at your Discovery Day may be a time to bring your resume and point to your relevant experience and ask for a shortened time frame for training.  But just as you would never tell a first date, that having five kids is part of your life plan and it’s a “take it or leave it” proposition, hold any thoughts on concessions until the franchise has met you, decided they like you and have offered to have you come on board.  You’ll be much more successful on the “ask” and keep from shooting yourself in the foot on being approved in the first place.

Avoid these three ways of sabotaging your franchise application and you are well on your way to approval.  Fall into the trap of one of these and you should go ahead and start looking at other brands. Looking for a franchise restaurant for sale?  Check out our inventory at these links.

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Topics: buying a restaurant

Restaurant Brokers Eric and Robin Gagnon Appear on Commercial Real Estate Show

Posted by Robin Gagnon on Apr 7, 2017 10:04:51 AM

We Sell Restaurants founders Eric and Robin Gagnon, the nation's Restaurant Brokers are guests on this week's Commerical Real Estate Show hosted by Michael Bull and airing coast to coast.  The April 5 show focused on the restaurant sector, including performance, forecasts, and strategies.

America’s Commercial Real Estate Show™ has been in production for more than six years.  It has been covered by most major medimb-headshot.jpga sources and has a loyal following on both iTunes and the show website.  Show host Michael Bull is a respected industry expert with an affable style always knowing what the audience wants next. He hand picks respected guests who join him to share market intelligence, forecasts and strategies related to chosen weekly topics.

Topics ranged from the size of the industry ($799 billion in restaurant sales) along with the more than 1 million Restaurant locations in the United States.

Bull asked his guests to provide their insight on the growth of the industry and some of its challenges.  Some of those challenges, according to the Restuarant Brokers, include regulatory hurdles and minimum wage increases which affect restaurants disproportionately.  On the flip side, the duo reveals that small business optimism has never been higher and for that reason, they see continued growth in the industry.Bull asked the Broker's for one sentence to describe the outlook for 2017 sales, "With people settling into the new administration the consumer confidence is going to lag what is happening in the stock market and we are looking forward to it being huge."

Want to listen to the entire show?  Click the graphic below or click this link to listen to the show for the latest insights on industry trends.

 

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The Gagnons are a dynamic duo and husband and wife team.  The nation's leading restaurant brokers, they founded We Sell Restaurants, the nation's largest restaurant firm focused on selling restaurants. For a number of years, they hosted their own syndicated radio show, “We Sell Restaurants.”   They are national speakers on both the restaurant and business brokerage industry and have appeared at the national conferences for the International Franchise Association, the International Business Brokers Association as well as othe rgroups.  Their book, Appetite for Acquisition was named Best of 2012 by Small Business Book Awards and has a five-star rating on Amazon.

The two have trademarked their brand, “We Sell Restaurants” and are franchising nationwide. They share their knowledge through one of the most extensive training programs available to the industry. Their multi-platform training program leads to the nation’s only Certified Restaurant Broker designation.

Topics: buying a restaurant, selling a restaurant

Top Ten Restaurants for Sale - March 2017

Posted by Robin Gagnon on Apr 5, 2017 3:09:47 PM

 We Sell Restaurants jumps into spring with some hopping action on listings. These listings make it to the top due to the most signed Confidentiality Agreements.  Our March results are showing showing buyer interest across all areas of the country and every type of price point. Our Broward County market is seeing the spring love with starting the list off with 3 listings!

This eye catching restaurant for sale location in Parkland Florida is fully equipped with a SRX Liquor License. On the market for less than 30 days and this listing is In Contract. The South Florida restaurant market is HOT!

Listing ID:5314 Restaurant Broker Ken Eisenband    
Restaurant and Bar for Sale has SRX Liquor License - Fully Equipped
Lease: Negotiable with Landlord
Monthly Rent: $5397.27
Inside Sq. Ft. 2500
Outside Sq. Ft.
Price:$99,000
City:Parkland

Ken Eisenband
(561) 350-3365

 Broward County buyers are clicking away while looking for more information on this Pizzeria for sale that's a bargain at only $55,000! Take advantage of this fully equipped location that is ready for a new owner to roll in the dough!

Listing ID:5311 Restaurant Broker Ken Eisenband    
Pizzeria for Sale -- Fast Casual Italian Restaurant in Broward County
Lease: Expires January 31, 2018 plus 2 three year options
Monthly Rent: $4612.78
Inside Sq. Ft. 1716
Outside Sq. Ft.
Price:$55,000
City:Tamarac

Ken Eisenband
(561) 350-3365

 Sunshine and sand comes with this restuarant for sale listing. Located just off A1A in Ft. Lauderdale this new location is starving for a new owner due to owner relocation. Fully equipped, loyal customer base and growing numbers is sure to serve up a buyer.

Listing ID:5297 Restaurant Broker Ken Eisenband    
Restaurant for Sale - Fully Equipped location Seeking New Owner
Lease: Expires February 28, 2021
Monthly Rent: $3244
Inside Sq. Ft. 1200
Outside Sq. Ft. 150
Price:$125,000
City:Fort Lauderdale

Ken Eisenband
(561) 350-3365

 Franchise? Under 100k? Yes and yes! Join the franchise world with a quick casual location that is already dishing up sales. Buyers love this listing in Gwinnett County!

Listing ID:5320 Restaurant Broker Robin Gagnon    
Restaurant franchise for Sale in Gwinnett County Georgia
Lease: Expires October 2017
Monthly Rent: $2519 including CAMS
Inside Sq. Ft. 1400
Outside Sq. Ft.
Price:$85,000
City:Duluth

Robin Gagnon
(404) 800-6701

John’s Creek is one of the hottest locations is Georgia! Buyers prove that with this restaurant space for lease. Ready for a new concept, this location offered by Restaurant Broker Cyndi Weinbaum has already received multiple showings.

Listing ID:5274 Restaurant Broker Cyndi Weinbaum    
Restaurant Space for Lease in Johns Creek, Georgia - Great Location
Lease: Negotiable
Monthly Rent: $$20.00 PSF + $4.43 CAM
Inside Sq. Ft. 1200 (Adjacent site can be added bringing total to 2400 Square Feet)
Outside Sq. Ft.
Price:$0
City:Johns Creek

Cyndi Weinbaum
 

 Location, Location, Location! This Sports Bar for sale serves up beer and bar food!  Desirable location for buyers looking for a busy area. Inside and outside seating can serve up revenue for a new owner!

Listing ID:5323 Restaurant Broker Steve Weinbaum    
 
Sports Bar For Sale in the Kennesaw, Ackworth, Dallas area of Georgia
Lease: Negotiable - 9 months remain on current lease
Monthly Rent: $6580
Inside Sq. Ft. 4470
Outside Sq. Ft. 500
Price:$199,000


Steve Weinbaum
(770) 714-4552

 Austin Texas made our list with this make your own or take it now concept.  This high demand area has an open and operating restaurant for sale location that can seat 90 happy customers.  Fill up the seats and have a money making machine!         

Listing ID:5317 Restaurant Broker Dave Duce    
New Pho Restaurant for Sale in Austin Offered by the Restaurant Brokers
Lease: Expires 2026
Monthly Rent: $6200
Inside Sq. Ft. 2442
Outside Sq. Ft.
Price:$160,000
City:Austin

Dave Duce
(512) 773-5272

 Looking to generate a nice living from day one? This location has buyers wanting to know how they can earn SIX figures in Gwinnett County. This tasty listing won’t last long!

Listing ID:5321 Restaurant Broker Cyndi Weinbaum    
Italian Restaurant for Sale in Gwinnett County GA - Highly Profitable
Lease: 4 years left with 2 5 year options
Monthly Rent: $5259 with CAMS
Inside Sq. Ft. 3226
Outside Sq. Ft.
Price:$475,000


Cyndi Weinbaum
 

Looking for a restaurant for rent space to completely make your own? This location has a great rate and buyers are lining up to find out what the need to make their restaurants dreams come true.

Listing ID:5186 Restaurant Broker Cyndi Weinbaum    
2nd Generation 1850 Sq. Ft Restaurant Space for Lease in Norcross!
Lease: Negotiable
Monthly Rent: $1800
Inside Sq. Ft. 1850
Outside Sq. Ft. N/A
Price:$0
City:Norcross

Cyndi Weinbaum
 

Low Rent equals BIG savings and more money in your pocket. This equipped restaurant for lease location in hot Inman Park area features ridiculously low rent for the Altanta Metor.  Great Opportunity to keep a low overhead while making your own concept for under $50,000. 

Listing ID:5193 Restaurant Broker Steve Weinbaum    
Inman Park Atlanta Restaurant For Sale - $1000 per Month Rent!
Lease: 3 years with 2+ years remaining
Monthly Rent: $$1000 plus $1400 annual property taxes
Inside Sq. Ft. 1000
Outside Sq. Ft. n/a
Price:$49,990
City:Atlanta

Steve Weinbaum
(770) 714-4552

Spring is warming up the air and the buyers are keeping the top 10 listings HOT!  Small business confidence is booming and buyers are tired of sitting on the sidelines. 

 

Ready to take a look at some of the latest offerings?  Click this link for the latest listings online.

 Check Available Listings

Ready to Sell? We have buyers ready!

Free Restaurant Valuation

Topics: buying a restaurant, selling a restaurant

Reasons to Buy these Franchise Restaurants for Sale in in Sunny Florida

Posted by Robin Gagnon on Mar 29, 2017 10:01:29 AM

Are you ready for sunshine, no state income taxes and a business friendly climate?  Do you like franchise brands and want the opportunity to "own" a market with room for expansion?  We Sell Restaurants may have the listings for you in Jacksonville Florida.  These franchises for sale are part of a national brand offered at an incredible price!

Buy the entire market and get an incredible "wrapped" car that scream this brand as it travels in and around the market!  The two stores are ready to go and wait, there's more -- an opportunity to expand with additional locations.  The seller is including a right to develop another unit in this market.

Each store has reasons to buy.  The first one is highly developed in catering with Jacksonville U and the University of North Florida – both ideal targets for this upscale brand.  The second store is in a small business mecca for the area.  More development including a Hospital and Medical center to come will create tremendous foot traffic for the lunch business.

Manageable sizes for both locations and long term leases with options to renew give these locations plenty of future stability. Located in the sunny state of Florida these locations come with an opportunity to move to a booming area with great weather!. No snow days to worry about in these locations!

Already producing sales exceeding $600,000 from day one allows any new owner can come in and become part of a winning brand! These Sandwich Franchises for Sale get best in class training consisting of four full weeks where you learn every position. Training from all areas of the business from on the line along with key management skills and reporting on your POS system that will be Ipad based and provides the answers you need to run your business.

What are you waiting for? Learn More.. Click Now:

 
 
Listing ID:5176 Restaurant Broker Robin Gagnon    
Two Franchises for Sale - Right To Develop and Wrapped Car!
Lease: Valid through 2020 with 2 5 year options | Valid through 2017 with 3 5 year options
Monthly Rent: $4700 | 4162
Inside Sq. Ft. 2000 | 1550
Outside Sq. Ft.
Price:$375,000
City:Jacksonville

Robin Gagnon
(404) 800-6701

Topics: sell restaurant, sell a restaurant, buy a restaurant

Restaurant Brokers Expanding Coast to Coast - Attendees at We Sell Restaurants University

Posted by Robin Gagnon on Mar 23, 2017 8:30:46 AM

We Sell Restaurants is expanding coast to coast with a new class of training candidates enrolled in We Sell Restaurants University. 

Rob Morrison.jpgWe Sell Restaurants Ft Lauderdale is welcoming Rob Morrison to their team. A former U.S. Marine, Robert is currently a Board Member of the Broward County Veterans Association of Real Estate Professionals (VAREP), a non-profit organization dedicated to increasing economic opportunities for active-military and veteran communities.  

Rob studied Communication at the University of Miami and had a long, successful career as an award-winning journalist in New York City. Upon relocation to South Florida Rob entered the real estate business. Rob’s experience in commercial real estate has aided his clients greatly.  He will be completing We Sell Restaurants University next week and will begin work with Ken Eisenband, the franchise partner for this office.  E

Chris Morrison.jpgColorado Franchise Partner, John Jordan is also expanding his group.  His newest Restaurant Broker is Chris Gordon.  Chris has over two decades of experience in the restaurant industry and has proven himself to be an adept leader and skilled businessman.  A resident in the Denver South Metro area, some of his highlights through the years include working at The Fillmore Auditorium, Breckenridge Brewery, and most recently the Tailgate Tavern and Grill as General Manager. 

Chris entered the restaurant industry as a dishwasher when he was 15 years old, and worked his way up through the ranks to managing a multimillion dollar restaurant when he was just 19.  He has been a busboy, host, and cook, server, bar back, bartender, banquet captain as well as a corporate trainer.  He has served in leadership roles as both a Manager and General Manager for multiple operators.  Chris has worked on the Las Vegas Strip for celebrity chef Rick Moonen at Mandalay Bay and Del Frisco's Double Eagle Steakhouse.

As the General Manager for Tailgate Tavern he helped increase sales by over 50% the first year.  “We achieved this by completely redesigning the bar to function more efficiently, reducing the cost of raw materials, and creating incentives for the customers to spend more money.”

Scott Ruby.jpgAlso attending We Sell Restaurants University is the newest Franchise Partner, Scott Ruby.  Scott has expereince in both the front and back of the house along with first-hand knowledge of day to day operations and restaurant culture. Scott’s Food and Beverage industry experience evolved during his years in specialty restaurant management and as a Food and Beverage Director in Las Vegas, Nevada.
 
Scott’s experiences in the Vegas food and beverage mecca included the opportunity to be a key player on the grand opening team at the House of Blues, Mandalay Bay property, manage the House of Blues restaurant and in later years, he was recruited by Station Casinos.  In his tenure with Station Casinos as a Food and Beverage Director he was fortunate again to see expansion in opening both Sunset Station and Green Valley Ranch.  
 
In recent years Scott’s professional experience has been focused on operations, sales and marketing.   Having worked with the BNSF Railway, a fortune 100 company he served to grow and develop their market share.  Scott was honored to be chosen as employee of the year with this company thanks to his commitment to customer service and company culture.

The full class graduates on March 31 and will begin work in their markets immediately.  
 

 

Topics: buying a restaurant, selling a restaurant

Roly Poly Franchise Store SOLD in 60 Days by The Restaurant Brokers

Posted by Robin Gagnon on Mar 20, 2017 3:22:50 PM

The Restaurant Brokers at We Sell Restaurants announce the sale of the Roly Poly Fast Casual franchise in Cumming Georgia.

Roly Poly franchises offer an extensive menu with great taste photo 2.jpg and superior nutrition! Restaurant broker Robin Gagnon described the store as "Small enough that you will matter and big enough that you get volume buying power, strong systems and superior support."  The Award winning concept was designated a Hot Concept by Nation’s Restaurant News.

Entreprenuer and Restaurant Buyer Janet Jacks snapped up the location in under 60 days leading to a record fast closing.  Buyer Janet Jacks has owned several different businesses but like the opportunity to have a business that would be close to home. Located in the busy Atlanta metro area a short drive to work is always a benefit!

The very short time on the market was perfect for the company's founders and the operators of this corporate store that said, "Robin and We Sell Restaurants sold our location in Cumming in less than 60 days from start to finish.  We previously had the business listed with another broker for more than six months with no activity or communication from the agent.  We definitely recommend their services.”

The Roly Poly brand is a favorite of customers that are seeking a restaurant franchise for sale but don’t want the late hours, lots of employees, frying and complications.  This one is a lifestyle brand.  Certified Restaurant Broker Robin Gagnon represented the buyer and seller in this transaction.

Gagnon said of the location, "This was a great store in a vibrant neighborhood and growing community."  The demographics for the area show a total daytime population within a five mile radius of 132,196.  Average household income is six figures plus at $127,815. 
 
This particular location was a a stable and established store that's had a great customer base since 2014!  The reviews from the customers are incredible.  Restuarant buyers often seek established  franchise restaurants for sale because they give the purchasers the benefit of joining a brand that is already established.  The franchise brand expertise and support can guide new owners through the daily operation. Top that with your personal knowledge, your drive and your ideas and you get the perfect mix to run a successful restaurant.

Check out our current listings at wesellrestaurants.com.  More information on buying a restaurant can be found at this link where buyers can download our free book on buying a franchise restaurant.   The free report includes:  

  • How to find the best Franchise Resale deals
  • How Much to Pay for Franchises
  • Why an SBA loan is your Franchise Friend
  • Key Steps in the Franchise Resale Process
  • When to Apply with the Franchise & Why
  • Valuation Math for Franchises for Sale

 

 

Topics: buying a restaurant, selling a restaurant