Advice for Buying a Restaurant and Selling a Restaurant

Top Ten Restaurants for Sale in February 2014

Posted by WSR Operations on Mar 18, 2014 6:16:00 PM

The top ten restaurants for sale last month had a clear "leader of the pack" as the restaurant brokers announced a Subway restaurant franchise for sale in Georgia.  This hot listing had the phones ringing, the website buzzing and the town talking.  We received multiple offers in a matter of days and have two contracts in place from buyers going through the Subway approval process.  That certainly demonstrates the impact of supply and demand.  A Subway restaurant for sale is a rare find as a single unit since most transfer into the hands of other franchisees rather than hitting the open market.  That being said, the restaurant brokers have a second Subway franchise restaurant for sale in Connecticut that is also generating strong interest. 

  Subway Restaurant Franchise for Sale in Georgia
Lease: 5 Years Ending 2018, Options
Monthly Rent: $1617
Inside Sq. Ft. 1400
Outside Sq. Ft.
Price:$169,000
City:Metro Altanta
 
Those on a quest to go mobile were excited to see the restaurant brokers list a Mobile Food Truck for sale this month and it came in as the second most popular listing.  This fully equipped mobile unit is waiting for your logo on the side and your recipes from the kitchen!  It is ready to roll into a food park near you as a fully functioning restaurant. 
  Buy this Restaurant and Go Mobile! Food Truck for Sale
Lease: Up to You
Monthly Rent: $You Decide
Inside Sq. Ft. 200
Outside Sq. Ft.
Price:$85,000
City:Atlanta
 
QSR leads the restaurant pack right now in sales performance so it's no wonder that this unit in Deerfield Beach Florida with very reasonable rent got our restaurant buyers excited.  
  Turnkey Quick Service Restaurant (QSR) for Sale in Deerfield Beach
Lease: Series of one year options
Monthly Rent: $1700
Inside Sq. Ft. 850
Outside Sq. Ft. 200
Price:$59,000
City:Deerfield Beach
 
Mama mia, this Italian restaurant for sale got buyers talking.  The owner financing on this restaurant for sale was a big hit with our buyers.  Our phones and website inquiries were certainly busy with the gorgeous little property that only hit the market in the month of February and was our third most popular restaurant for sale. 
  Italian Restaurant for Sale with Owner Financing for Qualified Parties
Lease: 5 years
Monthly Rent: $4820
Inside Sq. Ft. 5800
Outside Sq. Ft.
Price:$99,000
City:Norcross
 
Restaurant broker Ken Eisenband in Broward County has a winner on his hand with thie Pembroke Park restaurant for sale. The low monthly rental rate of just $1803 and a very manageable 1500 square feet made this listing attractive for both locals and those looking to relocate to the sunshine state.
  Restaurant for Sale in Broward County with Below Market Rent
Lease: Expires March 31, 2015 + 2 Five year Options
Monthly Rent: $1803
Inside Sq. Ft. 1500
Outside Sq. Ft. 100
Price:$75,000
City:Pembroke Park
 
Activity on this Franchise Chicken Wings restaurant for sale also made the top five this month as measured by the number of inquiries, number of signed confidentiality agreements and the activity by our restaurant brokers.  The owner is willing to finance half of the purchase price so the restaurant brokers feel certain we'll have an offer any day on this one. 
  Franchise Chicken Wings Restaurant for Sale in GA 50% Owner Financing
Lease: 5+5
Monthly Rent: $2500
Inside Sq. Ft. 2000
Outside Sq. Ft. aprox 800 sq ft
Price:$59,000
City:Cumming
 
This bistro and bar for sale in town was in the top ten in January as well and it is now under contract to a buyer for his latest concept.  The trendy location in town along with a beautiful design makes this one an instant hit with restaurant buyers looking to re-brand and turn over a restaurant to fit their own cuisine and ideas.
  Bistro and Bar for Sale In Town is Trendy & Priced to Move
Lease: 5 year and 7 months, plus 5 year option
Monthly Rent: $5871
Inside Sq. Ft. 2763
Outside Sq. Ft.
Price:$99,000
City:Atlanta
 
This barbeque franchise for sale in Florida is calling out for an owner operator after the seller decided to focus their energy on other business interests.  High activity pushed it into the top ten but we're still looking for a buyer. 
  BBQ Franchise Restaurant in Florida for Sale- Owner/Operator Needed!
Lease: 10 year lease
Monthly Rent: $3500
Inside Sq. Ft. 3000
Outside Sq. Ft.
Price:$99,000
City:Major Market
 
Almost last on the list (but not quite), this fully equipped restaurant that's served up seafood in the same location for more than four decades is a winning opportunity for someone who wants to begin in the business but has limited funds.  The landlord is telling us to bring him an offer and we need a contract on this one.
  Seafood Restaurant for Sale at a Great Price with Tons of Used Equipment
Lease: 5 year term plus 5 year option
Monthly Rent: $2300
Inside Sq. Ft. 1100
Outside Sq. Ft.
Price:$29,995
City:Atlanta
 
Last on the top ten restaurants and bars for sale in February was this Bar and Lounge in Metro Atlanta.  This one pumps out the music crazy loud while gorgeous women dance to the tunes from a master DJ.  Big earnings and strong potential on this one!  We expect it to sell any day now.
  Atlanta Bar and Lounge for Sale Features Big Earnings and Low Rent
Lease: 5 years
Monthly Rent: $2500
Inside Sq. Ft. 1700
Outside Sq. Ft.
Price:$125,000
City:Atlanta
 

That's the last of the hit parade of the most requested, viewed, talked about and overall hottest restaurant for sale listings in the month of February 2014.  The restaurant brokers will return next month with their top ten list for another month. 

 


Topics: restaurant brokers