Best Restaurants for Sale in September 2020

Posted by Robin Gagnon on Oct 6, 2020 2:21:19 PM

 

Where is the market and what are the best restaurants for sale now?  For those wondering where things are trending, We Sell Restaurants is publishing the latest data.  We look at our customer calls, clicks on our restaurant for sale website, interactions with our Certified Restaurant Brokers and confidentiality agreements acknowledged online.

That gives us the data points from more than 500 listings to view which ones are gauged by our buyers as the best restaurants for sale today.  The big calls outs this month.  For the first time in our history, the entire list of top ten is priced under $100,000.  That indicates that buyers are still looking for deals in the market.  From a geographic perspective, the south is on fire with Charlotte, South Florida, and Georgia taking the strongest lead on restaurant buyers for the months. 

Sixty percent of the best restaurants for sale in our top 10 were actually under the $50,000 price point.  We are seeing opportunistic buyers push for ways to take over locations that were stalled by the pandemic, bring new life and energy and re-brand with new menus.  It is a testament to the strength of the industry that buyers are still engaging heavily in opportunities to acquire and see the lower price point listings as ideal for the entrepreneur within us all!  Here's the best restaurants for sale ranked from highest to lowers of the month. 

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:7858 Restaurant Broker Ken Eisenband    
Pizzeria for Sale in Miramar, Florida is Located in A+ shopping center
Lease: expires on August 31, 2022
Monthly Rent: $5600,
Inside Sq. Ft. 1400,
Outside Sq. Ft.
Price:$29,000
City:Miramar

Ken Eisenband
(561) 350-3365
 
Listing ID:7110 Restaurant Broker Justin Scotto    
Brand New Pizza Restaurant For Sale! Asset Sale Will Go Fast !
Lease: 5 Year Term
Monthly Rent: $7861---
Inside Sq. Ft. 2800---
Outside Sq. Ft.
Price:$39,000
City:Charlotte

Justin Scotto
(704) 609-4460
 
Listing ID:7733 Restaurant Broker Ken Eisenband    
Fast Casual Restaurant for Sale in Boca Raton - Ready for New Owner
Lease: Expires February 28, 2028
Monthly Rent: $6300,
Inside Sq. Ft. 2027,
Outside Sq. Ft.
Price:$49,000
City:Boca Raton

 
Ken Eisenband
(561) 350-3365
 
Listing ID:7794 Restaurant Broker Steve Weinbaum    
Beautiful Bulidout - Equipped Restaurant for Sale Ready For your Concept
Lease: remainder of current lease with one 5-year option
Monthly Rent: $$4300,
Inside Sq. Ft. 1700,
Outside Sq. Ft.
Price:$57,500
City:Cumming

Steve Weinbaum
(770) 714-4552
 
Listing ID:7677 Restaurant Broker Robin Gagnon    
Sandwich Franchise for Sale in Desirable Buckhead with $500,000 in sales
Lease: Expires December 19, 2024
Monthly Rent: $2927.50,
Inside Sq. Ft. 2175,
Outside Sq. Ft.
Price:$99,000
City:Atlanta

Robin Gagnon
(404) 513-5378
 
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:$49,000
City:Lauderdale By the Sea

Ken Eisenband
(561) 350-3365
 
Listing ID:7437 Restaurant Broker Justin Scotto    
Pizza Restaurant and Bar for Sale- Asset Sale- Popular Shopping Center
Lease: 2
Monthly Rent: $12260,
Inside Sq. Ft. 4000,
Outside Sq. Ft.
Price:$99,000
City:Charlotte

Justin Scotto
(704) 609-4460
 
Listing ID:7696 Restaurant Broker Justin Scotto    
Pizzeria for Sale in Charlotte Market Looking for New Owner
Lease: 2 years
Monthly Rent: $800,
Inside Sq. Ft. 1014,
Outside Sq. Ft.
Price:$49,999
City:Monroe

Justin Scotto
(704) 609-4460
 
Listing ID:6881 Restaurant Broker Dave Duce    
Huge price reduction! Bar For Sale in Austin, Texas is a Money Maker.
Lease: Expires March 31, 2022
Monthly Rent: $11746,
Inside Sq. Ft. 4368,
Outside Sq. Ft. 300
Price:$99,000
City:Austin

Dave Duce
(512) 773-5272

The Restaurant Brokers at We Sell Restaurants are seeing movement not only at the lower end of the market, though they received the most activity this month.  In addition, we are seeing business listings at the higher end ($300,000 and above) at the highest levels in contract this year.

This tells us the only person on the sidelines in the current climate are those in the middle range of buying.  In general, it's the restaurant buyer seeking a job or replacing income he earned as someone else's general manager.

We fully expect that once the election is over in November, those middle price point listings ($150,000 to $250,000) will be aggressively moving as buyer work to conclude deals by year end.

Restaurant lending is still good and we have resources for buyer loans starting at $20,000 and going up to $5 Million.

For all restaurant for sale listings, visit  www.wesellrestaurants.com

Topics: Buying a Restaurant

New call-to-action
New Call-to-action