Best Restaurants for Sale February 2020 - We Sell Restaurants Top 10

Posted by Robin Gagnon on Mar 3, 2020 4:38:02 PM

 

 

What were the ten best restaurants for sale across the nation in February of 2020?  They ranged from our first-place restaurant in Fort Collins, Colorado, where a college-town gem attracted tons of buyers to our tenth-place restaurant in Austin, Texas, where a bargain-priced pizza joint beat out 488 other restaurants for sale nationwide to round out our top ten list.

We Sell Restaurants aggregates page views, calls, contacts, and signed confidentiality agreements across all our listings to discover which are the best restaurants for sale.  So, what did we learn while combing through these metrics? Although we still see the Texas market outperforming others overall, there's more variability across the top ten, with Georgia tying Texas for first place... maybe the warm weather is bringing buyers out of hibernation and into opportunity-seeking mode.

Aside from Georgia, the rest of the Southeastern seaboard including North Carolina and Florida also performed well which isn’t surprising given that the climate, tax incentives, and “Southern Hospitality” make for an attractive investment opportunity year-round. 

As stated above, the most popular restaurant for the month is a turnkey space in Fort Collins, Colorado that is fully equipped with newer equipment and ready for a new owner.  Throw in low rent, a full liquor license, fantastic location, and desirable breakfast/lunch hours (although the new owner could extend hours to net bigger profits) and it becomes clear why this listing was so hot. Certified Restaurant Broker and We Sell Restaurants Franchise Partner Jeff Marcus has this one priced to sell at $99,000 so it won’t last long!

Listing ID:7278 Restaurant Broker Jeff Marcus    
Successful Breakfast/Lunch Restaurant for Sale In College Town
Lease: expires 9/30/2025
Monthly Rent: $2573-
Inside Sq. Ft. 1600-
Outside Sq. Ft.

Price:$99,000
City:Fort Collins

Jeff Marcus
(970) 373-8205

Taking second place this month is a fast casual franchise located in Georgia (city confidential.) Buyers were likely attracted to the rare opportunity to a purchase a true turnkey restaurant netting $90,000 a year in owner benefits generated from $500,00 in annual revenue. 
Listing ID:7372 Restaurant Broker Robin Gagnon    
Franchise for Sale - Moe's Southwest Grill Owner Nets over $90,000
Lease: Expires July 2022 + 2- 5 year options
Monthly Rent: $4130,
Inside Sq. Ft. 2400,
Outside Sq. Ft.

Price:$159,000

Robin Gagnon
(404) 800-6700

The Georgia market is ripe for the picking, with the Peach State placing two times in our top three list. Here we have a Cantina-themed Johns Creek restaurant bar for sale pumping out revenue of $700,000 per year. This sub-$100,000 listing has it all: an amazing location, low rent, and top-of-the-line equipment.
Listing ID:6202 Restaurant Broker Steve Weinbaum    
Restaurant and Bar For Sale in Johns Creek, Keep or Convert
Lease: 2 years remaining on initial term, with three 5 year options
Monthly Rent: $5600,
Inside Sq. Ft. 4069,
Outside Sq. Ft. 500

Price:$99,500
City:Johns Creek

Steve Weinbaum
(770) 714-4552

Austin, Texas is home to our fourth place restaurant for sale which just saw a $15,000 price drop and is priced to sell at just $64,900. Why open a new restaurant from scratch when you can purchase this turnkey opportunity in a thriving location and with a fully equipped kitchen, beer and wine license, and seating for up to 75 guests. 
Listing ID:7263 Restaurant Broker Dave Duce    
Restaurant for Sale - 2nd Generation Space in Austin is FULLY Equipped!
Lease: expires June 2023 + 5 yr option
Monthly Rent: $4800-
Inside Sq. Ft. 2100-
Outside Sq. Ft.

Price:$64,900
City:Austin

Dave Duce
(512) 773-5272

This next listing is almost too-good-to-be-true: a restaurant space for lease that comes with a walk-in, hood system, 15,000 gallon grease trap, and permits! Sitting on a main intersection in a thriving community, it represents the perfect opportunity for a chef or culinary entrepreneur to turn their dream concept into a reality. 
Listing ID:7467 Restaurant Broker Robin Gagnon    
Restaurant Space for Lease in Gwinnet County Build Out is Practically New
Lease: 5
Monthly Rent: $4000,
Inside Sq. Ft. 2202,
Outside Sq. Ft.

Price:$0
City:Buford

Robin Gagnon
(404) 800-6700

This coffee chop for sale represents an instant way for an investor or entrepreneur to penetrate the lucrative coffee market, with over 172 million Americans consuming coffee each day. Centrally located in a high-growth suburb just outside of metro Charlotte, this turn-key coffee shop is ready for a new owner and priced to sell!
Listing ID:7139 Restaurant Broker Justin Scotto    
Charlotte Coffee Shop Cafe For Sale is Turn-Key and Popular Location
Lease: 2
Monthly Rent: $2163.73,
Inside Sq. Ft. 900,
Outside Sq. Ft.

Price:$35,000
City:Charlotte

Justin Scotto
(704) 609-4460

This two-store franchise package made our top ten for good reason: the Firehouse Subs brand is red hot and doesn't show signs of cooling off any time soon. Located in high-traffic areas in sunny Tampa, FL, these franchises net an owner benefit of over $90,000 per year. With these, you'll want to strike while the iron is hot!
Listing ID:7376 Restaurant Broker Don Mason    
Firehouse Subs Franchise for Sale Two Stores producing $1.2 million sales
Lease: , Leases expire 4/22 with 1 5yr option and 4/23 with 2 5yr options
Monthly Rent: $5624,4877,
Inside Sq. Ft. 2891,1655,
Outside Sq. Ft.

Price:$499,900
City:Tampa

Don Mason
(727) 470-8423

The new owner of this Bar and Grill for sale can expect super low rent of only $3000/month in a beautiful suburb of north St. Paul situated only a block away from a large college. With seating for up to 80 people, a full-service kitchen and ample parking, the only thing this missing is a new owner ready to hit a home-run. 
Listing ID:7144 Restaurant Broker Scott Ruby    
College Bar and Grill for Sale for $60,000 - Busy North St Paul Location
Lease: 5 years
Monthly Rent: $3000,
Inside Sq. Ft. approx 2000,
Outside Sq. Ft.

Price:$60,000

Scott Ruby
(612) 352-8718

Located in a fantastic area of Austin and with an established clientele, this second generation restaurant for sale has been profitable for over three decades. Sitting in a well-known shopping center with a high-traffic anchor store, the new owner of this restaurant can expect reliable returns on this solid investment. 
Listing ID:7227 Restaurant Broker Dave Duce    
Huge Restaurant for Sale - Second generation location in Austin Texas.
Lease: expires November 2020
Monthly Rent: $6700,
Inside Sq. Ft. 4266,
Outside Sq. Ft. 0

Price:$60,000
City:Austin

Dave Duce
(512) 773-5272

Wanna cook up some dough? Then look no further, as this pizza business for sale in Austin, Texas comes with a bakery. With a super low asking price of only $40,000, it's no wonder it made our top ten list. Located in a high-traffic, high-growth, high-income area, this opportunity represents owning your own slice of the American Dream. 
Listing ID:6937 Restaurant Broker Dave Duce    
Pizza Business for Sale in Austin, TX - Includes Bakery
Lease: expires June 2023
Monthly Rent: $6000,
Inside Sq. Ft. 4000,
Outside Sq. Ft. 300

Price:$40,000
City:Austin

Dave Duce
(512) 773-5272

The best of February 2020 included five restaurants across the Southeastern seaboard, indicating this is a booming region that's heating up fast. With Austin, Texas continuing to be a hotbed of activity and more and more folks looking to escape the cold, it's no wonder business is hot across the entire sunbelt.

The Restaurant Brokers will continue to monitor the market for trends and lucrative opportunities and can be counted on to provide valuable insight over the coming months and beyond.

Topics: Buying a Restaurant

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