Advice for Buying a Restaurant and Selling a Restaurant

Top 10 Restaurants for Sale in March 2018 by We Sell Restaurants

Posted by Robin Gagnon on Apr 3, 2018 8:55:06 AM

What was on the mind of restaurant buyers in early Spring of 2018?  We can tell you.  The market made a turn from established franchise restaurants for sale to independent concepts and lease locations.  In a surprising twist, only one franchise restaurant for sale location made it onto the top ten list published by the restaurant brokers each month.

We measure the top ten by looking at all the activity on our listings including signed confidentiality agreements, agent outreach by buyers and views on our site and other national websites.  The results are recapped below.

Topping off the list this month was a breakfast and lunch restaurant for sale in Coral Springs.  The low cost of entry and excellent rent for the market drove buyers to request additional infomation on this gem.  We suspect that Franchise Partner and Certified Restaurant Broker Ken Eisenband will have this one in contract shortly.  

Listing ID:6003 Restaurant Broker Ken Eisenband    
  Breakfast and Lunch Restaurant for Sale in Coral Springs with Low Rent
Lease: Expire November 30, 2018, plus option
Monthly Rent: $1166
Inside Sq. Ft. 900
Outside Sq. Ft.

Price:$59,000
City:Coral Springs 

. Ken Eisenband 
(561) 350-3365

Our second most popular listing for the month was a money-making monster out of Savannah Georgia.  Three existing units are generating strong sales and even better -- earnings of more than $200,000.  This listing got our restaurant buyers clicking, calling, emailing and viewing like crazy.  Bring your offers on this one.  Six figure earnings are rare and those that exceed $200,000 are like unicorns --  you've never seen one!  
Listing ID:6035 Restaurant Broker Eric Gagnon    
  Three Franchises for Sale - Multi Unit Opportunity earning $200,000++
Lease: Dec 2022 |Dec 31, 2024 | Nov 2020 plus 2 5yr options
Monthly Rent: $3591.91 | 2504.59 | 4356.25
Inside Sq. Ft. 1200 |1225 | 1394
Outside Sq. Ft.

Price:$749,000
City:Savannah | Savannah | Pooler 

Eric Gagnon 
(404) 800-6704

Dave Duce reports that Austin Texas is booming with development and restaurants are changing hands quickly.  One of his latest listings, a fully built out restaurant that's turnkey ready in the city was number three on the top ten list of restaurants for sale this month.
Listing ID:6012 Restaurant Broker Dave Duce    
  Fully built-out restaurant for sale available in West Austin Texas
Lease: 5 years
Monthly Rent: $5860
Inside Sq. Ft. 2144
Outside Sq. Ft. 200

Price:$160,000
City:Austin 

Dave Duce 
(512) 773-5272

Any restaurant for sale listing priced under $100,000 is sure to get strong activity and this one in Pompano Beach definitely made the cut for that reason.  The current concept is Pizza and Italian and any restaurant buyer could pick this one up and keep it exactly the same or connvert to a new concept. 
Listing ID:5995 Restaurant Broker Ken Eisenband    
  Pizza and Italian Restaurant for Sale in Broward County is Turnkey
Lease: Expires on October 31, 2018 plus 5 year option
Monthly Rent: $5400
Inside Sq. Ft. 2500
Outside Sq. Ft. 0

Price:$89,999
City:Pompano Beach 

Ken Eisenband 
(561) 350-3365

A fully equipped and built out restaurant for sale in Cobb County Georgia, home of the new Atlanta Braves stadium got lots of looks, calls and signed confidentiality agreements.  The low price, coupled with unbelieveable rent, make this a candidate for re-branding.  Restaurant broker Dominique Maddox is the contact point for this restaurant for sale priced at under $50,000.
Listing ID:6034 Restaurant Broker Dominique Maddox    
  Diner for sale in Cobb County. Rated number #1 on Yelp!
Lease: Expires May 2018
Monthly Rent: $1350
Inside Sq. Ft. 1500
Outside Sq. Ft.
Price:$49,995
Dominique Maddox 
(404) 993-4448
Broward County and Italian restaurant for sale opportunities go hand in hand!  Thi Oakland Park beauty has monthly rent of just $2404 and is listed for under $200,000.  We expect offers soon on this well-priced business with below market rent for the area.  The restaurant for sale includes both indoor and outdoor dining options, unheard of for this rent.
Listing ID:5910 Restaurant Broker Ken Eisenband    
  Italian Restaurant for Sale in Broward County returns over $117,000 to owner
Lease: Expires November 30, 2021 plus five year option
Monthly Rent: $2404
Inside Sq. Ft. 1200
Outside Sq. Ft. 300

Price:$199,000
City:Oakland Park 

Ken Eisenband 
(561) 350-3365

When we say Bar for Sale and Metro Atlanta, the numbers fly!  Restaurant Broker Steve Weinbaum listed this opportunity for just $100,000 and it easily made it into the top ten for the month.  The monthly rent is excellent and this is in Atlanta central.  This bar for sale is a great opportunity that will not last. 
Listing ID:5983 Restaurant Broker Steve Weinbaum    
  Metro Atlanta Area Bar for Sale - Great Rent Rate Includes Utilities!
Lease: four years remaining
Monthly Rent: $4300 includes CAMS and Utilities
Inside Sq. Ft. 2586
Outside Sq. Ft. n/a

Price:$100,000
City:Atlanta 
 

Steve Weinbaum 
(770) 714-4552

The Atlanta marketplace and Restaurant Broker Steve Weinbaum grabbed a lot of listings for the top ten including this restaurant for lease opportunity in Roswell Georgia.  The location is ideal.  The infrastructure is in place to convert to virtually anything and best of all, there's no out of pocket!  Bring your ideas, your menu, your financial statement and your business plan for this lease space and open your dream restaurant today.
Listing ID:5079 Restaurant Broker Steve Weinbaum    
  Restaurant for Lease in Roswell GA
Lease: To Be Negotiated
Monthly Rent: $3,492 with CAMS
Inside Sq. Ft. 1600
Outside Sq. Ft.

Price:$0
City:Roswell 

Steve Weinbaum 
(770) 714-4552

A second restaurant space for lease in Roswell Georgia drove lots of looks and phone calls as well.  This one, also offered by Steve Weinbaum is a larger space at 4,250 square feet and the rent is negotiable.  The current rental market is very tight with limited availability so it's no wonder the Restaurant Brokers are getting so many looks on these listings.
Listing ID:6023 Restaurant Broker Steve Weinbaum    
  Restaurant space for lease! Endcap Unit in Booming Roswell Georgia
Lease: negotiable
Monthly Rent: $Negotiable
Inside Sq. Ft. 4250
Outside Sq. Ft. patio

Price:$0
City:Roswell 

Steve Weinbaum 
(770) 714-4552

The last of the most popular listings for the month was another restaurant space for lease.  This indicates the market is ready with entreprenuers looking to develop their own concept.  This location in Pompany Beach requires less than $20,000 in key month and represents a great opportunity for catering and delivery with an easy to manage 1,200 square feet.
Listing ID:6053 Restaurant Broker Ken Eisenband    
  Restaurant Space for Sale in Pompano Beach is Ideal for Catering & Delivery
Lease: Negotiable
Monthly Rent: $1453
Inside Sq. Ft. 1200
Outside Sq. Ft.

Price:$19,990
City:Pompano Beach 

Ken Eisenband 
(561) 350-3365

The top ten delivered some surprising results this month.  Most of the focus was on independent concepts or restaurant space for lease.  That tells us the marketplace is flourishing with those ready to take the risk on their own concept.  It's also a reversal from many months where we see franchise restaurants for sale drive the results of the top ten. 

Whether you are in the market for your own concept or plan to buy an existing restaurant for sale, check out our many listings online at wesellrestaurants.com or by clcking any of the links on this page. 

Blog Byline Robin

Topics: Buying a Restaurant