Advice for Buying a Restaurant and Selling a Restaurant

Top 10 Listings by The Restaurant Brokers for April 2015

Posted by Robin Gagnon on May 17, 2015 1:03:55 PM

Wow!  May has been such a busy month that the restaurant brokers are late in publishing the Top Ten restaurants for sale in April.  Thanks to those of you that reminded us that you love this post and want to understand what's happening in the marketplace of restaurants for sale.  The top ten restaurants for sale last month by the Restaurant Brokers set new records for activity, signed confidentiality agreements and contact to our agents and franchisees. We measure all activity by the number of times someone contacts us to look at the restaurant for sale or restaurant for lease listings on our website.  We are definitely seeing a strong uptick in the marketplace led by some incredible lending resources funding SBA deals that are moving to the closing table quickly.  

Florida led the search.  Our most popular listing for April was this part of a 15-location chain in South Florida that has serving delicious pizzas in the area for over 50 years. What makes this listing interesting is the fact there are no royalties! This great restaurant comes with a fully equipped commercial kitchen and restaurant furniture. 

Pizzeria for Sale in Pompano Beach Part of Multi-Unit Group NO ROYALTIES
Lease: Expires October 31, 2024
Monthly Rent: $2120
Inside Sq. Ft. 1700
Outside Sq. Ft. 300
Price:$74,900
City:Pompano Beach

The next most popular listing is this BBQ restaurant in a great neighborhood of Kennesaw. This BBQ restaurant has an amazingly low rent of only $1,000 per month for a 2000 square feet space. All the BBQ equipment is already in place to get the new owner started. Priced to sell at $99,000 this one is a great deal!

BBQ Restaurant for Sale in Atlanta Metropolitan Area Nearby Kennesaw State
Lease: 3 years remaining
Monthly Rent: $1000.00
Inside Sq. Ft. 2000
Price:$99,000
City:Kennesaw

The third most popular listing last month was this Cinnabon franchise bakery.  This six figure earner went on the market, achieved multiple offers and sold in less than 30 days!  Operating in more than 55 countries, the Cinnabon brand has been serving delicious goodies for more than 25 years. This low effort concept with excellent training was perfect for those seeking an E-2 Visa.   

Cinnabon Franchise Bakery for Sale in Florida - Mall Location
Lease: New 10 Year Term Negotiated | Ready for Signature for New Owner
Monthly Rent: $5815
Inside Sq. Ft. 346
Price:$149,999


Number four on this list is another franchise restaurant for sale - Philly Connection. This store is listed by restaurant broker John Sparks for $75,000 with all the equipment and owner financing! 
Franchise Restaurant for Sale - Philly Connection with Owner Financing
Lease: 5 years/5 years
Monthly Rent: $1250 including all cams (NNNN)
Inside Sq. Ft. 950
Price:$75,000


Restaurant Broker and We Sell Restaurants franchisee, Ken Eisenband had incredible activity on his Pita restaurant in Ft Lauderdale.  That's his second entry on the top ten for the month. This Pita restaurant serves up favorite Mediterranean meals like hummus, shawarma, gyros and many more. This is a great deal for any owner looking for a location that focus ones Middle Eastern cuisine.
Pita Restaurant for Sale in Ft. Lauderdale Florida is Priced to Sell
Lease: Expires March 31, 2016 plus two five year options
Monthly Rent: $1462.80
Inside Sq. Ft. 1200
Outside Sq. Ft. 200
Price:$79,000
City:Ft. Lauderdale

Ranked number six, this Bar and Grill for sale in the Metro Atlanta market has it ALL!  If you are looking for an outstanding, profitable bar/restaurant with six figure earnings, at a very reasonable price, this is the unit for you! Pre-approved for SBA lending, fully equipped and highly profitable... No wonder this location is attracting a lot of attention from our buyers.
North Fulton Franchise Sports Bar and Grill with earnings over $100K
Lease: 2 Years plus 8 remaining
Monthly Rent: $10800
Inside Sq. Ft. 6400
Price:$249,000


Another bar and grill is next on our list. This one is a newly established location. Spacious location that sits on 3,000 SF with outside covered patio space. This is a top destinations for guests to watch their favorite sports, enjoy the pool tables, hookahs, signature cocktails, DJ music and food in a fantastic atmosphere!
Sports Bar and Lounge for Sale in Stockbridge
Lease: 2 years remaining and option
Monthly Rent: $3000
Inside Sq. Ft. 3000
Price:$75,000
City:Stockbridge
This chicken wings restaurant for sale combines two different concepts - Asian Hibachi, and everyone's favorite - chicken wings!  Restaurant Broker John Sparks fielded multiple calls and expects to have this unit under contract shortly. 
Asian and Chicken Wings Restaurant For Sale
Lease: 9 months into a 3-year lease. One option for one year.
Monthly Rent: $2200 including all CAMS
Inside Sq. Ft. about 1200
Price:$55,000
City:College Park

Looking for a turnkey business consistent growth and profits? This restaurant is perfect for you. Price to sell with financing available - don't miss out on this one.
Restaurant for Sale in Boca Raton Earns 6 Figures -PRICED TO SELL!! Owner Financing!
Lease: Expires 2019 with one option period
Monthly Rent: $3729.00
Inside Sq. Ft. 1065
Outside Sq. Ft. 400.
Price:$189,000
City:Boca Raton

Lastly, one more sports bar on our top 10 list... This is a "Cheers" type neighborhood sports bar and grill. This oe is located in a nice neighborhood of Dunwoody and offered at the steal price of $129,000.
Sports Bar for Sale! Own your Own Version of Cheers
Lease: Expires 2019 + 5 yr option
Monthly Rent: $4000
Inside Sq. Ft. 4000
Price:$129,000
City:Dunwoody

The list of the top ten continues to grow in the number of contacts, signed confidentiality agreement and calls to our restaurant brokers for assistance.  While first quarter transactions hit a record 22% increase over last year, the industry is still pacing at around 6% growth.  For more information about selling your restaurant, contact the restaurant broker today! 

Topics: restaurants for sale