Advice for Buying a Restaurant and Selling a Restaurant

Restaurant Brokers Report the Top 10 Restaurants for Sale May 2016

Posted by Robin Gagnon on Jun 6, 2016 11:16:38 AM

The restaurant brokers announce the most popular listings for the month of May 2016.  The top ten list is determined by signed confidentilality agreements restaurant visits, phone calls and overall activity on the listings.  May was a busy month all the way around with new records set for web activity and restaurant for sale listing inquiries.  Here's where the most popular listings fell into the mix.

In first place is this 1,200 square foot Brazilian Cafe for sale one block from the beach in Pompano Beach Florida.  There is a fully equipped kitchen, 12 foot long exhaust hood, and in-ground grease trap all in place. The space can easily be converted to any food concept- either quick casual or full-service. Surrounded by plenty of retail shops, dining and beachside condos –this is a key location to build your restaurant dreams. The low rent of only $1,060 per month is just one more attractive feature. Brought to you by Restaurant Broker Ken Eisenband.

 
Brazilian Cafe and Restaurant for Sale in Broward County - Close to the Beach!
Lease: Renegotiate with Landlord
Monthly Rent: $1060
Inside Sq. Ft. 1200
Outside Sq. Ft. 200
Price:$59,900
City:Pompano Beach

Runner up goes to this restaurant for sale that includes low rent offered by Restaurant Broker Ken Eisenband. The kitchen is fully equipped and in excellent condition. The menu and recipes will transfer with the sale and the owner will train for up to two weeks. You can also let your creative juices flow and bring your own concept and menu.

 
Restaurant for Sale in Broward County! Can Convert to Any Concept
Lease: Expires August 31, 2016 plus three one year options
Monthly Rent: $1224
Inside Sq. Ft. 1200
Outside Sq. Ft.
Price:$49,900
City:Pompano Beach

The third most popular restaurant for sale this month s this Indian restaurant for sale offered by Restaurant Broker Dominique Maddox. Located in a standalone building in a great delivery service area, it’s no surprise it made our top ten this month. The space is 1,400 square feet and has its own parking lot. Known for its fresh authentic dishes and renowned customer service, it has been attracting customers in the Atlanta community for eight years making it a cornerstone. All it needs a new owner to carry the torch.

 
Indian Restaurant for Sale in standalone building. Great delivery service area.
Lease: Expires in August 2016
Monthly Rent: $2700 including CAMS
Inside Sq. Ft. 1400
Outside Sq. Ft.
Price:$49,999
City:Atlanta

In the spotlight is this restaurant for sale that ranked number 4 on this list.  This sports bar with sales over $575,000! This 6,500 square foot space offered by Dominique Maddox has it all! Weekly entertainment lineup, poker night, karaoke night, Battle of the Bands night just to name a few. Whether it’s family night, a night out on the town, or grabbing a bite to eat for lunch with co-workers, this restaurant can accommodate a variety of crowds. Current items on the menu include burgers, sandwiches, wings, wraps, soup, salads and more.

 
Gwinnett County Sports Bar for Sale has it all. Sales over 575,000!
Lease: Expires February 2017
Monthly Rent: $6000
Inside Sq. Ft. 6500
Outside Sq. Ft. 200
Price:$124,995


Rounding out the top five restaurants for sales this month is a booming sports bar in Flowery Branch that generates $880,000 a year in sales. Reputation is key and this restaurant has a great one! Great atmosphere and food has made it a well enjoyed destination of locals. There are TV’s, pool tables and a golf simulator included. This 5,150 square foot space ready to accommodate a crowd of hungry and thirsty patrons is offered by Restaurant Broker Robin Gagnon.   From game time appetizers to full course entrees, the fully equipped kitchen has everything in place to whip up anything you want to serve.

 
Sports Bar for Sale Has It All - Sports, Food and Fun Equals $800,000 in Sales
Lease: Expires 2018 with 2 5 year options
Monthly Rent: $6500
Inside Sq. Ft. 5150
Outside Sq. Ft.
Price:$125,000
City:Flowery Branch

Number 6 on the most popular list of restaurants for sale is a high traffic restaurant located in the thriving commercial corridor of Fulton County. All equipment is less than one year old. This is a must see 2,500 square foot space in a multi-level upscale retail center. It is fully equipped and easily adaptable to many concepts. Brought to you by Eric Gagnon.   

 
High traffic Restaurant for Sale in high income area ready for your concept!
Lease: 5 years
Monthly Rent: $4250.00
Inside Sq. Ft. 2500
Outside Sq. Ft.
Price:$49,000
City:Alpharetta

It’s no surprise this restaurant space for lease that includes a bar made the top ten this month. This 6,000 square foot opportunity in Roswell is offered by Restaurant Broker Robin Gagnon. Gorgeous wood bar, outdoor stone patio, upscale tile flooring and brick interior just to name a few features you’ll find in this premier space. This restaurant space for lease is part of a shopping center that attracts both families and business people to the area and is surrounded by affluent high income homes.          

 
Restaurant Space For Lease with great bar and patio in Roswell!
Lease: To be negotiated
Monthly Rent: $To be Negotiated
Inside Sq. Ft. 6000
Outside Sq. Ft.
Price:$0
City:Roswell

Number 8 goes to this unique opportunity in Austin Texas brought to you by Restaurant Broker Dave Duce. This restaurant for sale includes a drive-thru and outdoor patio and just needs your concept! The patio is a must see and is visitble by the almost 30,000 cars that drive this road each day. There is also a full commercial kitchen with hood system.  Refrigerators, prep tables, a freezer, fryer, grill, stove and more are already in the kitchen and waiting for take over.  There are also multiple booths, tables, chairs and outdoor furniture included in the sale.

 
Purchase this Restaurant for Sale with Drive-thru and Outdoor Patio in Austin, TX!
Lease: expires August 2020
Monthly Rent: $3675
Inside Sq. Ft. 1000
Outside Sq. Ft. 250
Price:$45,000
City:Austin

Making the list at number 9 is this quick service sandwich shop priced to move and ready for any concept. There is a well-developed customer base and the shop has an excellent reputation for outstanding customer satisfaction. With over ten different meats, four salad mixes, eight cheeses and fifteen different toppings, there is something for everyone!  

 
Sub Sandwich Shop for Sale in Forsyth County. No Franchise Fees.
Lease: Expires November 2020
Monthly Rent: $1660
Inside Sq. Ft. 1360
Outside Sq. Ft.
Price:$59,999
City:Alpharetta

Last but certainly not least in the top ten restaurant for sale list for the month of May is a 4,500 square foot turn-key restaurant for lease that seats 100 guests with additional seating outside for 30. This newly remodeled space was a sleek Italian Restaurant but can easily be converted to just about any type of cuisine or concept including a sports bar or burger concept. Located in Gwinnett County in a commercial area known for lunch and early evening business, all you need to do is bring your menu! This space for lease is brought to you by Dominique Maddox.  

 

Turnkey Remodeled Restaurant for Lease in Gwinnett County
Lease: Negotiable
Monthly Rent: $11000
Inside Sq. Ft. 4500
Outside Sq. Ft. 300
Price:$0

Two of the most popular restaurant for sale listings this month were actually lease spaces and another were listings ready for a reinvention or new concept.  That signals to the restaurant brokers that there is a lot of creativity in the marketplace and those ready and able to launch their own vision of a restaurant. 

Two stores on the list are already in contract or pending offers so the amount of activity seen on these listings definitely shows they get both looks and offers.  For a complete look at all listings for sale, visit our website online using either your smart phone, desktop or Ipad to search. 

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Topics: restaurants for sale