|Number one on July's list of Top Ten Listings in this Denver cafe for sale. This hot listing has only been on the market for 20 days, and at the unheard of price of $15,000 it won't last long on the Colorado market!|
This Indian Restaurant for sale in Roswell has been established for two years and has daily vehicle traffic of nearly 50,000 passing by it. The restaurant will see incredible improvements to profit with the development of a lunch menu and increased operating hours. It's ready for a buyer to come in and get to business - all fixtures an appliances are included!
Cool off this summer with the purchase of this hot ice cream shop in picturesque Pompano Beach! The current owner purchased this location this year but must move back home unexpectedly - their loss can be your gain for the low price of $90,000. With rent set at just over $1800, this listing won't stay on the market much longer!
Those in the Georgia market with a passion for soul food won't want to miss the opportunity to cash in on this fried chicken restaurant for sale. The clientele is already well-established and the online reviews speak volumes to the quality of food that this location produces.The current owner is open to all offers - so bring yours today!
The Austin market is on fire right now - just take a look at this beautiful bar for sale in Austin on the famous Restaurant Row! The current owner is seeking an equity partner but is also open to selling. Keep this restaurant as-is, or bring your own concept.
Bring your own unique concept to any of these restaurant spaces for lease in the growing city of Cumming, Georgia, just north of Atlanta. Spaces start as small as 1400 square feet for just over $2500/month rent and go all the way up to 5000 square feet for less than $8000/month. This locations sees almost 100,000 passing vehicles per day - with visibility in this range these spaces will sell quickly!
The second listing in Cumming, GA to make July's Top 10 list is this romantic Italian restaurant. It features ample indoor and outdoor seating, an HVAC system that was replaced in 2016, and a custom built bar. Currently only serving dinner five nights per week, there is an excellent opportunity to increase profits by increasing operating hours!
The restaurant business in Texas is red hot, and buyers won't want to miss the opportunity to obtain this gorgeous riverfront establishment with cash flow of $170,000! This is the listing buyers dream of - a beautiful deck overlooking the river, an established entertainment schedule, and sales well over $1million!
The third listing in Texas to make the Top 10 list is this popular franchise sandwich store! Located just outside of Austin next to a university with 40,000 students, and soon to be across from luxury student apartments in September 2017. Keep the same concept, or bring your own!
Don't miss the opportunity to scoop up this 35-year-old establishment in the Ft. Lauderdale! This is a great opportunity for someone looking to retire to the Sunshine State - the cafe closes by 2pm each day and the current owner has over $175,000 in earnings!
Advice for Buying a Restaurant and Selling a Restaurant
Topics: buy a restaurant
Are you ready for sunshine, no state income taxes and a business friendly climate? Do you like franchise brands and want the opportunity to "own" a market with room for expansion? We Sell Restaurants may have the listings for you in Jacksonville Florida. These franchises for sale are part of a national brand offered at an incredible price!
Buy the entire market and get an incredible "wrapped" car that scream this brand as it travels in and around the market! The two stores are ready to go and wait, there's more -- an opportunity to expand with additional locations. The seller is including a right to develop another unit in this market.
Each store has reasons to buy. The first one is highly developed in catering with Jacksonville U and the University of North Florida – both ideal targets for this upscale brand. The second store is in a small business mecca for the area. More development including a Hospital and Medical center to come will create tremendous foot traffic for the lunch business.
Manageable sizes for both locations and long term leases with options to renew give these locations plenty of future stability. Located in the sunny state of Florida these locations come with an opportunity to move to a booming area with great weather!. No snow days to worry about in these locations!
Already producing sales exceeding $600,000 from day one allows any new owner can come in and become part of a winning brand! These Sandwich Franchises for Sale get best in class training consisting of four full weeks where you learn every position. Training from all areas of the business from on the line along with key management skills and reporting on your POS system that will be Ipad based and provides the answers you need to run your business.
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Buyers love to see their options and show their creativity with a blank open ready to lease space! This restuarant space for lease space in Johns Creek is a manageble size in a highly desired area. This location is ready for your new restaurant.
Coming in at number three on the most popular restaurant for sale listings this location features one of the most desired trends in Atlanta, Hookah! On the market for less than 2 weeks and this listing is already making the top 10 list! This restuarant for sale is on fire! Bring your offers to Restaurant Broker Steve Weinbaum.
South Florida makes it back on top with this restaurant for sale by Ken Eisenband. This listing comes with a great Florida location and a popular Italian concept. Newly built out in Palm County -- you can keep the current concept or you create your own.
Sunshine and Sushi! That is what this Broward County, Florida restaurant for sale listing offers. Profitable as it stands or make it your own with the excellent demographics. Fully equipped and ready to go, this location will soon have one less fish in the sea.
Before you know it Cino De Mayo will be here and what a better way to celebrate than with a SIX figure earnings from a Mexican Restaurant for sale located in Houston, Texas. This listing has been on the market a very short period of time and we have competing offers in play.
Looking for small town living in a big state? This cafe for sale in Colorado comes with a farm to fork concept that keeps locals and tourists visiting. The compact simple menu keeps costs down and allows for more earnings by the owner. Contact restaurant broker Bob Steinberger to learn more about this opportunity today.
It's no wonder this Bar and Grill for sale in Atlanta keeps buyer clicking for more! This location offers their client base fun events that keeps earning high! Earnings over SIX figures this location will surely be gone soon!
This cafe for sale is gourmet in menu and benefits! Located in Pompano Beach , Florida, super great rent is under $1800 per month. This profitable restaurant business for sale is forecast to exceed $80,000 in earnings!
Located in one of the most desired locations in Cobb County, Georgia this Hot Concept franchise for sale has buyers ready to find out everything! This Franchise for sale opportunity in booming Kennesaw Georgia is priced at a steal! It's only $75,000 and sure to roll off the market with a buyer soon!
Buy this catering restaurant for sale and you are taking over some rich airport contracts at Atlanta's Hartsfield Jackson International Airport!
The contracts serviced by this catering restaurant for sale are for the world's busiest airport based on passengers and the number of flights. Imagine, 95 million passengers (more than 260,000 per day) pass through Atlanta's Hartsfield Jackson International Airport. It's no
wonder outside vendors are contracting with this catering restaurant for sale offered by the restaurant brokers to service the need that continues to grow by leaps and bounds. This catering restaurant for sale has two separate contracts. The first produces $20,000 to $25,000 per month in sales and the second one is at $8,000 per month and still growing each month.
This established catering restaurant for sale is Good Manufacturing Process Certified so that it can supply the lucrative contracts it has in place with the airport. A Good Manufacturing Practices (GMP) certification means that an independent party has verified and certified that the basic manufacturing practices and prerequisites necessary are in place for an effective food safety program.
This is a growing business with sales last year of $250,000 that's on track for sales this year of $380,000. They have done the heavy lifting by securing the contracts and the rigorous effort to be Good Manufacturing Process Certified. Now the opportunity is unlimited to expand to Army bases, win government contracts and more.
Are you a process focused owner that wants out of the tough hours and heavy commitment in time away from your family in a traditional restaurant environment? Then buy this catering restaurant for sale and work Monday, Wednesday, Friday and Saturday fulfilling repeat orders for food to go that these big vendors pay for promptly. It's all about process and follow up. All the technology is in place to keep growing. They have bar code technology to wand in and wand out the inventory prepared and make sure it is tracked to the letter.
Ready to own this Tavern for sale? Your new business is located in a beautiful Downtown "Main Street Setting" where you are the local bar and everyone knows YOUR name!
Gross sales for this tavern for sale exceeded 600,000 last year. Low rent combined with great liquor sales along with beer and wine produced six figure earnings for the operator in the range of $150,000. Seller financing is availableto qualified individuals. This tavern for sale features an attractive low rent of $2150 per month on this 2000 square foot property.
This tavern for sale seats 24 inside and has room for 12 additional diners to enjoy the weather on the patio. There is ample parking in front of and around the building, and this tavern for sale draws many diners on foot who work in the surrounding downtown area.
Fully equipped commercial kitchen turns out a menu that has all the basics. Hood, grease trap, fryers, refrigeration and more to accommodate the menu of the tavern for sale. Locals return often for their favorites including, thick burgers and hand-cut fries, as well as some more contemporary fare such as "low country" shrimp and grits. A great selection of cold draught beer makes for a great dining experience.
If you're looking to be in the restaurant business, yet enjoy a "smalltown" lifestyle just minutes from metropolitan Atlanta, this is it! Great local businesses and repeat regular diners help support this well-established business. The hours of operation are Sun-Thurs 11:00-11:00, Fri and Sat 11:00-2:00 AM
Located in the county seat of a northwest Atlanta community with a growing population,the sky is the limit for a hard-working owner-operator with a great vision and concern for this customers! Contact the restaurant brokers today about this prime opportunity to buy this tavern for sale.
Restaurant brokers are often asked why someone should buy a café for sale when they are brimming with excitement and ideas to open their own restaurant. Here are just some of the advantages for buying an existing café for sale versus launching your new restaurant business from scratch.
The Cafefor Sale Comes with Certain Costs
When you buy an existing restaurant, you know the offer price on the contract is what you’ll pay. You can stick to a firm budget that includes your acquisition cost, legal fees, licenses and transfers. When you start building a restaurant from scratch, budgets have a habit of growing far beyond your original target. Restaurant startup projects often resemble the once popular “flip your house” shows on cable TV that typically end over budget and beyond the timeline.
The Cafe for Sale is Open and Operating
Time is money in every business. Your great restaurant idea can be operating tomorrow with the purchase of an existing concept. When you put together a startup you have to get permits, build it out, prepare the marketing, do the launch before you open the door and serve your first customer. Serve your first sandwich tomorrow after buying a café for sale instead of waiting months to go to market. There’s a window of opportunity to go to market and you don’t want to miss it because you’re fighting with the city to get a building permit.
The Cafe for Sale Has Existing Customers
Any brand new restaurant has to build the initial dollar of sales and every dollar thereafter incrementally. The first $100,000 of sales volume is the toughest to achieve. Starting from zero sales is a daunting task no matter how well known you are in the industry or how many customers you believe will visit your store.
The Cafe for Sale Has Income
An absence of sales means zero earnings when you build your own restaurant. Unless the café for sale you’re buying is an asset sale, an existing café for sale offers a profit margin from day one. When you build from scratch, everything is an estimate and nothing is certain.
The Cafe for Sale Reduces Your Risk
The final point in the comparison between buying an existing restaurant and building one from the ground up is the risk factor. In addition to existing sales and earnings, you know from the outset that the location meets local and state codes for operation of a restaurant.
When you compare a café for sale to a startup venture, it’s clear that one has advantages over the other. It is easy to see why the shortest time to market and greatest control over costs comes when you buy a cafe for sale instead of building one.
Buying a restaurant takes understanding of the industry and access to restaurants for sale. Here’s how to get both.
Record numbers of Americans searching for a small business combined with a hunger for all things “foodie” are creating a perfect storm of demand for buying a restaurant. It’s no wonder buyers are seeking out established restaurants for sale since building a restaurant from scratch is such an uncertain prospect. Six out of ten startup restaurants are out of business by the end of year three, a grim reminder of shattered dreams. Countless restaurants don’t ever truly get off the ground since the owner’s capital is all depleted in the build out phase.
There’s no such thing as instant success in the restaurant industry but buying an existing restaurant delivers significant advantages over starting from scratch. Finding these existing restaurants for sale in Atlanta delivers a streamlined path to success for would-be restaurant owners.
Buying a restaurant gives you control over restaurant start up costs. The single largest cause of failure for restaurants is lack of capital. The capital burn rate increases exponentially when a skilled restaurant professional attempts to turn into a building contractor overnight simply because the project is an eatery. Unless you’re a general contractor who happens to swing a hammer as successfully as you filet a swordfish, then your restaurant will take far longer to build and cost much more than you ever imagined.
Buying a restaurant greatly reduces your time to market. Your restaurant can be operating tomorrow with the purchase of an existing concept. Compare that to six to nine months to permit, build and then open a restaurant from scratch. You can be serving your first sandwich tomorrow to existing customers instead of waiting an average of seven months to open the door.
You get existing sales with a restaurant purchase. An existing restaurant, even a struggling one, has a base of business. Any brand new restaurant has to build the initial dollar of sales volume and every dollar thereafter incrementally. The first $100,000 of sales volume is the toughest to achieve. Without the expense and time spent building from scratch, you can implement marketing plans and operational changes to drive the existing sales line higher. Starting from zero sales is a daunting task no matter how well known you are as a chef or how many customers you believe will visit your store.
The final and most important reason to buy a restaurant is the purchase of existing cash flow. On a comparative basis, purchasing the cash flow of an operating restaurant with good books and records is less expensive than many other business types. The inventory is negligible and cash flow is often purchased for 2.5 times earnings or less. That means someone looking for $100,000 in cash flow can acquire an operating business churning out six figure earnings for less than $250,000. There are few other investments where placing $250,000 on the line nets you a 40% return in the first year and pays off in two and a half years.
You can find restaurants for sale listed with expert restaurant brokers who specialize in buying and selling restaurants. The cost is certain, the sales line already exists and the cash flow is provable. Most importantly, you can own a restaurant tomorrow.
When buying a restaurant choosing to work with an experienced business broker who specializes in the restaurant industry is well worth your investment. An experienced broker, who works with restaurants, bars, and nightclubs, will not spend their time on a wide variety of other businesses.
An experienced broker who specializes in the restaurant business will be able to work with every aspect of the business in addition to overseeing the details of putting the deal together. For example, if you contact them to inquire about an equipment inspection you can bet they will have multiple contacts on their cell phone. Inquire about a food safety education program and you can count on them to have a list of dates. If you ask them where you can find an Ancel System service they will know that it is a fire system and have someone there within 24 hours. The services of an experienced restaurant broker are similar to having an expense paid consultant at your beck and call since the broker is paid through the commissions of the seller.
Purchasing a restaurant is a once or twice in a lifetime experience for you. It's a weekly activity for a restaurant broker.
Cnduct a search online for an experienced restaurant broker and interview them by phone.
Find an experienced broker by searching online for restaurant listings. Brokers that have multiple restaurant listings should have the experience you are looking for. Visit their website.
If the broker provides articles and quality advice chances are they are dedicated solely to selling restaurants. Notice if they use a lot of “fluff” or offer facts such as lease terms and amount, gross sales, net income, or owner benefit.
Determine the broker's level of experience of the broker through their social media marketing strategies. Experienced brokers will offer quality information related to their area of expertise on their blog, Twitter, Facebook, LinkedIn, YouTube, and any other type of online social media tools.
Review their blog and pay attention to the topics they are discussing in their blog posts. You should find information on relevant trends, industry happenings, and restaurant news.
Review a restaurant broker's biography, professional background and education, licensing, and professional affiliations. When it comes to state and federal licensing there is no criteria to meet for a business broker and the licensing does not help to separate the experienced from the unqualified brokers. Not all states require business brokers to have a real estate llicense.
Once you complete this phase of broker research call the broker to see what kind of response you get. Do they personally answer the phone or return your calls within a reasonable period of time? You want to be sure that they are available and working for you instead of simply hiding behind a sharp online presence. Also, if you work a regular job and you are searching online in the evenings, try calling the broker during this time to see if they answer the phone or send an email to see how fast they respond. Ask the broker about a specific listing, follow through with the confidentiality agreement and then request a package. It is worth your time investment to do your homework ahead of time to ensure that you find a restaurant broker that is qualified, professional, and dedicated to helping you buy a restaurant
Bobby Flay interview, restaurant liquor license renewal time, restaurant sales trends and more.
End of the year - December 31 is the Georgia liquor license renewal time. That can be a bit tricky when trying to buy or sell a restaurant. The deadline for the state is firm but each city or county may require something different. Does that mean it's a good or bad time to buy a restaurant? Well, Donna asks that question and the response, "It's always a good time to buy a restaurant from We Sell Restaurants." Atlanta brokers tell buyers to get busy if they want to take over ownership this year however since some planning can be required to make sure that everything transfers appropriately prior to year end. Donna asks is it a smart thing to buy a restaurant this time of year and the answer depends on the buyer's personality. Some buyers thrive in a trial by experience environment. That means going into ownership fourth quarter when things are busy can be a great thing. If you prefer to learn more slowly, then wait to first quarter when the market is not at the peak. Eric points out that there are huge revenues this time of year so your capital outlay will be replenished faster by acquiring strong cash flow this time of year.
The radio audience was also treated to some great information from local CPA Robert Wagner who surveys the local restaurant marketplace. His most recent data shows 78% of Atlanta restaurants reported positive gains and nearly 75% showed double digit sales gains. Eric and Robin have been reporting similar results for weeks but this is true statistical data that says Atlanta restaurant sales are heading in the right direction and this latest quarterly result is excellent. Atlanta is going back to eat in restaurants and the numbers prove this out.
Lastly, Atlanta restaurant brokers report that they were broker of record for the sale of Buckhead Pizza Buford (the Mall of Georgia location). The new owners are thrilled to be taking over this established business. They will follow the recipes and management traditions of the current owners under a licensing agreement.
I can lease a restaurant space and equip it for less than that! That's the feeling of many buyers seeking a restaurant space but before you throw out the idea of buying someone else's operation, consider the costs. Used equipment for a restaurant fully equipped at the least is $35,000 to $45,000. That's before you locate every single piece of equipment you need (some from this supplier, some from that!). It doesn't include trucking all that equipment to the restaurant and then getting a qualified electrician, plumber, gas technician, engineer and more to set it in place and make sure you don't blow up the shopping center. How much is that? Figure another $2500 - $5000 to be on the safe side. If something doesn't work, you have to get it repaired or pull it out and return it to the vendor.
You're now up to almost $50,000 and you don't have anything in the front of the house. What about those chairs, tables, tablecloths, dishes, flatware, bowls, serving plates...the list goes on. Figure another $3500 if you're buying used, carting it yourself and buying at a good rate.
Now you're up to $53,500 and you haven't opened the doors. Now the fun begins. You need to get inspected by the state, get a food service permit, get a liquor license and wait on the city and or county to react on each of these. Are you having fun yet? You'll have another $1500 to $5000 in licensing and you haven't poured your first drink yet. You're up to $58,500.
Since you're waiting on the restaurant to open, you're paying rent or burning up free rent waiting out the 30 to 60 days it takes to get operational. That's another $5000 to $8000 in rent while you aren't doing any business.
Then you open the door and do your first dollar of business.
Compare that to buying a business that's fully equipped, operating with food service and alcohol permits in place and most importantly, generating sales. You can inspect the equipment in working condition and negotiate to be sure everything's operational before you take over.
We Sell Restaurants tells Dishing with Donna listeners why it's our position that if you can get an operating business generating a sales flow for under $99,000, it's not worth the headache, wait and costs to try and buy secondhand equipment and do it yourself.