Best Restaurants for Sale October 2020

Posted by Robin Gagnon on Nov 12, 2020 1:58:02 PM

 

How is the restaurant for sale marketplace?  We Sell Restaurants weighs in on the best restaurants for sale.  We measure based on activity, calls to our Certified Restaurant Brokers and clicks online to gauge what our customers view as the best restaurants for sale.

What is all the activity reflecting?  Strong interest.  That's important since the number one question we receive today is whether restaurants are selling despite the events of 2020.  The short answer is yes.  We are seeing those buying a restaurant change their behaviors in significant ways but they are definitely making acquisitions.  Key behavior changes include:

Buyers are looking for lease space and low price listings at one side of the spectrum.  Twenty percent of the top ten were lease spaces and forty percent were priced under $50,000.

Buyers from Lock Down States are Shopping Florida, South Carolina, Texas and Georgia.  Restaurant buyers are starting to relocate, particularly chefs "locked down" and out of business in New York, Michigan and New Jersey.  They are looking south for tremendous savings on rent and opportunities to rebuild where restaurants are open for business.

Concepts with Alcohol remain Strong.  Forty percent of the top stores on our list fielding inquiries serve alcohol.  It could be that 2020 has led to all of us drinking more.  It may simply be that buyers see the allure of a liquor license as a powerful add-on.  No matter the reasons, alcohol is resonating with our clients.

High Price Listings are moving as well.  While not reflected in the top ten (there's only room for ten after all), there is incredibly strong activity on the high side of the market and for pizza restaurants.  Buyers are paying a premium for strong returns and most of the pizza restaurants for sale are snapped up and thus, won't show up in the list below as they are already in contract. 

Does the We Sell Restaurants data mirror the national scene?  We believe it is predictive of where the market is going.  We forecast strong opportunity ahead based on the announcement on the vaccine, pizza trending very high above last year and relocation from shut down states to those less restrictive.  Here's the best restaurants for sale in the month of October in order.

Listing ID:7804 Restaurant Broker Justin Scotto    
Charlotte University Area Restaurant for Sale at Low Cost !
Lease: June 2023
Monthly Rent: $2000,
Inside Sq. Ft. 1200,
Outside Sq. Ft.
Price:$49,000
City:Charlotte

Justin Scotto
(704) 609-4460
 
Listing ID:7771 Restaurant Broker Dave Duce    
Established Cafe for sale in Austin, TX.
Lease: expires September 2024
Monthly Rent: $4580,
Inside Sq. Ft. 2090,
Outside Sq. Ft. 70
Price:$69,000
City:Austin

Dave Duce
(512) 773-5272
 
Listing ID:7877 Restaurant Broker David Whitcomb    
Bar for Sale-70 Tap Brew Pub with 1000 Sq. ft. Patio In Collier County
Lease: expires December 31, 2024
Monthly Rent: $10000-
Inside Sq. Ft. 3200-
Outside Sq. Ft.
Price:$150,000
City:Naples

David Whitcomb
(239) 300-5041
 
Listing ID:7810 Restaurant Broker Jeff Marcus    
Rare Opportunity Restaurant for Sale Bar & Grill, Motivated Seller
Lease: expires Aug., 2021
Monthly Rent: $TBD-
Inside Sq. Ft. 4500-
Outside Sq. Ft.
Price:$89,000
City:Boulder

Jeff Marcus
(970) 373-8205
 
Listing ID:6062 Restaurant Broker Dave Duce    
Established Neighborhood Bar for Sale near Austin!
Lease: expires July 2024
Monthly Rent: $9864,
Inside Sq. Ft. 3000,
Outside Sq. Ft.
Price:$95,000
City:Lakeway

Dave Duce
(512) 773-5272
 
Listing ID:7719 Restaurant Broker Robin Gagnon    
Franchise Pizzeria for Sale in the Orlando Market with Beautiful Buildout
Lease: 10 Year
Monthly Rent: $10700,
Inside Sq. Ft. 2800,
Outside Sq. Ft.
Price:$50,000

Robin Gagnon
(404) 513-5378
 
Listing ID:7912 Restaurant Broker Ken Eisenband    
Fully Equipped Restaurant Space for Lease in Coral Springs, Florida
Lease: Negotiable with Landlord
Monthly Rent: $4775,
Inside Sq. Ft. 3000,
Outside Sq. Ft. 0
Price:TBD
City:Coral Springs

Ken Eisenband
(561) 350-3365
 
Listing ID:7857 Restaurant Broker Brittney Gates    
Restaurant Space for Lease -1500 sqft with Drive thru in Volusia County
Lease: TBD
Monthly Rent: $2750.00,
Inside Sq. Ft. 1500,
Outside Sq. Ft.
Price:TBD
City:Daytona Beach

Brittney Gates
(386) 338-8348
 
Listing ID:6334 Restaurant Broker Bob Steinberger    
Rare Opportunity - Sports Bar Franchise for Sale. 2 Locations and Room to Grow!
Lease: 4 years left plus 5 year option & 6 years remaining
Monthly Rent: $13458
Inside Sq. Ft. 6600
Outside Sq. Ft. 2500
Price:$1,199,000

Bob Steinberger
(303) 901-4938
 
Listing ID:6826 Restaurant Broker Dave Duce    
$15,000 - Time to Buy! Restaurant for Sale Change to Any Concept
Lease: expires December 2021 + 5 year option
Monthly Rent: $7200,
Inside Sq. Ft. 1800,
Outside Sq. Ft. 150
Price:$15,000
City:Austin

Dave Duce
(512) 773-5272

Want to know about the market?  Keep an eye on our blog where we update you on current affairs and keep you informed.

For a look at all our restaurant for sale listings, please visit our website. www.wesellrestaurants.com

Topics: Buying a Restaurant

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Listing ID:7609 Restaurant Broker Robin Gagnon    
Be An Instant Multi-Unit Owner with these Franchises for Sale With $2.2 Million in Sales
Lease: 10 Year Leases
Monthly Rent: $3300,2200,5224,3975,
Inside Sq. Ft. 1920,1400,1800,1451,
Outside Sq. Ft.
Price:$395,000
Robin Gagnon
(404) 800-6700
 
Listing ID:7685 Restaurant Broker Bob Steinberger    
Profitable Coffee Shop & Deli for Sale in Mountains!
Lease: 2 years left and 3 - 3 year options
Monthly Rent: $2778,
Inside Sq. Ft. 1600,
Outside Sq. Ft. Over 1000
Price:$75,000
Bob Steinberger
(303) 901-4938
 
Listing ID:7562 Restaurant Broker Ken Eisenband    
Restaurant for Sale in Fort Lauderdale - FLASH SALE - ENDS JUNE 30
Lease: Expires January 31, 2022 + 3 (5 Year) Options
Monthly Rent: $3691,
Inside Sq. Ft. 1420,
Outside Sq. Ft. 500
Price:$135,000
City:Fort Lauderdale
Ken Eisenband
(561) 350-3365
 
Listing ID:7276 Restaurant Broker Ken Eisenband    
Sandwich Shop for Sale in Lauderdale by the Sea - Thrived during Covid19
Lease: Expires on May28, 2024
Monthly Rent: $4926.34,
Inside Sq. Ft. 1200,
Outside Sq. Ft.
Price:$69,000
City:Lauderdale By the Sea
Ken Eisenband
(561) 350-3365
 
Listing ID:7347 Restaurant Broker Justin Scotto    
Jimmy John's Sandwich Franchise For Sale New Location Low Price
Lease: 10 year lease
Monthly Rent: $3469.52,
Inside Sq. Ft. 1295,
Outside Sq. Ft.
Price:$45,000
Justin Scotto
(704) 609-4460
 
Listing ID:7614 Restaurant Broker Ken Eisenband    
Pizzeria and Italian Restaurant for Sale in Boca Raton All Serious Offers Considered
Lease: expires January 31, 2024
Monthly Rent: $4730,
Inside Sq. Ft. 1590,
Outside Sq. Ft. 200
Price:$65,000
City:Boca Raton
Ken Eisenband
(561) 350-3365
 
Listing ID:7691 Restaurant Broker Robin Gagnon    
Three Store Package of Moe's Franchises for Sale with $2.8 Million in Sales
Lease: East Location Different
Monthly Rent: $11582.86,10646.28,6693.13,
Inside Sq. Ft. 2350,3383,3500,
Outside Sq. Ft.
Price:$295,000
City:Boston
Robin Gagnon
(404) 800-6700
 
Listing ID:7490 Restaurant Broker Chris Gordon    
Event space perfect as a Coffee shop for sale
Lease: Negotiable
Monthly Rent: $3600,
Inside Sq. Ft. 1850,
Outside Sq. Ft.
Price:$29,000
City:Denver
Chris Gordon
(303) 594-4247
 
Listing ID:7671 Restaurant Broker Jeff Marcus    
Turn Key Restaurant for Sale -- Motivated Seller Recently Reduced
Lease: Expires 06/30/2024
Monthly Rent: $5347.00-
Inside Sq. Ft. 1544-
Outside Sq. Ft.
Price:$49,900
City:Boulder
Jeff Marcus
(970) 373-8205
 
Listing ID:6826 Restaurant Broker Dave Duce    
Only $20,000! Change to any concept. Austin Wing Franchise for Sale.
Lease: expires December 2021 + 5 year option
Monthly Rent: $7200,
Inside Sq. Ft. 1800,
Outside Sq. Ft. 150
Price:$20,000
City:Austin
Dave Duce
(512) 773-5272