Advice for Buying a Restaurant and Selling a Restaurant

Buying a Restaurant?  Check out the Best Restaurants for Sale April 2019

Posted by Robin Gagnon on May 3, 2019 7:31:53 AM

If you are buying a restaurant, odds are you've checked our website at WeSellRestaurants.com along with thousands of other buyers.  Website traffic increased 40.1% in April of 2019 leading to strong views of our best restaurants for sale.  We have ranked the most clicked on, called on, signed confidentiality agreements and overall most trafficked businesses to come up with our best restaurants for sale in the month of April, 2019.

Leading the pack for those buying a restaurant, was a three-store group of Papa John's Franchises for sale with high volume offered by Eric Gagnon.  The three units, offered in the southeast, shot straight to the top of our list that those buying a restaurant were clicking on, calling on and viewing on our site.

Listing ID:6762 Restaurant Broker Eric Gagnon    
Three Papa John's Franchises for Sale - Over 1.5 Million in Sales!
Lease: 09/01/2022, 12/31/2022, 07/31/2023
Monthly Rent: $1155,2128.34,1985.15,
Inside Sq. Ft. 1100,1100,1100,
Outside Sq. Ft.
Price:$469,000
Eric Gagnon
(404) 800-6704
A second generation restaurant space for lease is a hot commodity for those buying a restaurant.  The term refers to space that previously operated as a restaurant (its first generation) and remains equipped and ready to go for a new location or second generation. The second best restaurant for sale on our list was a unit offered in Austin Texas by Certified Restaurant Broker Dave Duce.
Listing ID:6738 Restaurant Broker Dave Duce    
Impressive 2nd Generation Space for sale in West AUSTIN!
Lease: expires May 2025
Monthly Rent: $20000,
Inside Sq. Ft. 4000,
Outside Sq. Ft. 1000

Price:$99,000

Dave Duce
(512) 773-5272

Another location in Austin Texas making the list of the best restaurants for sale at the very top, was a highly visible location right next to the University of Texas.  Buying a restaurant nearby a college campus gives those entering the industry or expanding their reach a build in client base who loves fast casual and the newest concepts.  We expect this on to sell quickly.
Listing ID:6626 Restaurant Broker Dave Duce    
Highly Visible Restaurant for Sale right next to University of Texas!
Lease: expires August 2020
Monthly Rent: $6750
Inside Sq. Ft. 2000
Outside Sq. Ft. 250

Price:$119,000
City:Austin

Dave Duce
(512) 773-5272

Those buying a restaurant converged on the best concepts that seemed ready for conversion or changeover to a new concept.  A location in Boca Raton Florida offered by Restaurant Broker Ken Eisenband at a very low priced $55,900 made it to the top five our our best restaurants for sale.  With a strong lease and multiple years plus option years remaining, this location is ready to a new concept.
Listing ID:6650 Restaurant Broker Ken Eisenband    
Restaurant for Sale in Boca Raton, Florida - Can Convert to any Concept
Lease: Expires May 31, 2020; Option 5 years
Monthly Rent: $4688.73
Inside Sq. Ft. 1497
Outside Sq. Ft. 0

Price:$55,900
City:Boca Raton

Ken Eisenband
(561) 350-3365

Alpharetta Georgia is a strong marketplace for those buying a restaurant. The northern portion of the thriving Atlanta market, this is home to very strong high income demographics with many families.  This offering by Restaurant Broker Steve Weinbaum garnered enough views, clicks and calls to make it onto the list of the best restaurants for sale in April 2019
Listing ID:6712 Restaurant Broker Steve Weinbaum    
Profitable Mediterranean Restaurant for Sale in Alpharetta, GA
Lease: 2 years remaining thru Feb 2021
Monthly Rent: $3000
Inside Sq. Ft. 1700
Outside Sq. Ft. 600+
Price:$99,000
City:Alpharetta
Steve Weinbaum
(770) 714-4552
Those buying a restaurant seemed strongly focused on developing new concepts based on the results we're seeing this month.  Another lease space, ready for conversion, made it onto the list of best restaurants for sale in April.  This Sunrise Florida listing drove strong activity and interest with an offer already drafted on this location.
Listing ID:6538 Restaurant Broker Ken Eisenband    
Restaurant for Lease in Sunrise, Florida – Publix Anchored Center
Lease: Negotiable
Monthly Rent: $4443
Inside Sq. Ft. 1400
Outside Sq. Ft.
Price:$0
City:Sunrise
Ken Eisenband
(561) 350-3365
Those buying a restaurant seemed to lean toward lower price offerings overall for the month, with listings under $100,000 getting strong views, offers and interest.  This one, offered by Ken Eisenband, Franchise Partner for Broward and Palm Beach county made it onto the top ten with a price point of just $75,000.
Listing ID:6477 Restaurant Broker Ken Eisenband    
Restaurant for Sale in Miramar, FL - after 32 years owner is retiring
Lease: five years plus five year option
Monthly Rent: $3259.52
Inside Sq. Ft. 1300
Outside Sq. Ft.
Price:$75,000
City:Miramar
Ken Eisenband
(561) 350-3365
A really low price offering in Humble Texas created strong clicks, calls and views.  The seller, who has an operator with health problems, has priced this one to go quickly.  Those buying a restaurant could not ask for a better priced opportunity for a franchise restaurant for sale doing more than half a million a year. We're expecting to wrap up an offer soon on this one.
Listing ID:6519 Restaurant Broker Robin Gagnon    
Franchise for Sale is Priced to Sell! Bring Your Offers
Lease: expires 11/30/2023
Monthly Rent: $5582.50
Inside Sq. Ft. 2100
Outside Sq. Ft.
Price:$15,000
City:Humble
Robin Gagnon
(404) 800-6700
Florida dominated the Best Restaurants for sale and our top ten list this month with another fast casual opportunity in Boca Raton.  This one featured below market rent and a right-sized location at only 850 square feet.  It also featured an outside patio, important to many of those buying a restaurant, to expand their footprint and allow for seating in the warm Florida weather.
Listing ID:6665 Restaurant Broker Ken Eisenband    
Fast Casual Restaurant for Sale in Boca Raton has Below Market Rent
Lease: Expires October 31, 2023
Monthly Rent: $1498
Inside Sq. Ft. 850
Outside Sq. Ft. 100
Price:$79,000
City:Boca Raton
Ken Eisenband
(561) 350-3365
Rounding out the best restaurants for sale for the month was a pizza franchise offered in Atlanta Georgia.  This location did not make it through the month without an offer and the partners buying this restaurant are already in training with the brand.  We're working to wrap this one up and transfer ownership quickly.
Listing ID:6613 Restaurant Broker Robin Gagnon    
Pizza Franchise for Sale in Metro Atlanta Market Ready for New Owner
Lease: 10 Years from 2014 with option to renew
Monthly Rent: $2916.66
Inside Sq. Ft. 1400
Outside Sq. Ft.
Price:$125,000
City:Atlanta
Robin Gagnon
(404) 800-6700

Overall, it was an incredibly busy month with website traffic spiking dramatically.  Those buying a restaurant seemed focused on low priced offerings for the month, signaling their ability to convert to new concepts with great ideas.  This included a strong set of views and calls on restaurant space for lease.

Tried and true performers still let the list however, with a three store Papa John's group taking the top spot.  Are you interested in buying a restaurant and looking for listings or resources?  Here's a link to our free guide to buying a restaurant.

Restaurants for Sale Near Me

 

Topics: Buying a Restaurant