Advice for Buying a Restaurant and Selling a Restaurant

Restaurant Franchises Growing!  The Restaurant Brokers Share the Latest Deals

Posted by Robin Gagnon on Dec 19, 2017 10:00:00 AM

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There are big things happening in the franchise world and restaurant franchises continue to announce new units.  The Restaurant Brokers have the scoop on the latest deals that have been inked not only across the country, but also internationally. Read on to find out about some of the developments being made around the globe as restaurant franchises grow.  .

The Juice and Smoothie World is Blending it Up Across the South and East

Tropical Smoothie Café just announced eight new stores in the pipeline with franchise industry staples Steve Milam and Smit Shah. Milam, a Wingstop franchisee veteran, will be opening three stores, the first being a Frisco location in 2018. Shah has operated Subway and Bahama Bucks stores in the past, and plans to start out with five stores within Dallas County and eventually expand to a total of 10 to 15 locations in the Dallas and Houston markets in the span of the next five years.

Nekter Juice Bar announced that it will be expanding to the East Coast market thanks a deal signed by Dr. Todd Engel. Engel, founder of the Engel Institute Dental Center and Engel Dental Center in Charlotte, North Carolina, will open 17 stores throughout the Carolinas within two years. While this is the biggest multi-unit deal Nekter has inked, they also have almost 70 other locations in the works across the country.

Last in the healthy eating market is news from Muscle Maker Grill, who has just announced that it will be developing 10 new stores in Kuwait. Currently, the fast-casual brand operates upwards of 50 stores across 12 states in the US. Muscle Maker Grill focuses on protein rich healthy menu options along with an extensive smoothie and juice menu.

Fast-Casual is NOT Slowing Down

Moving into the wonderful world of fast food franchises, we will kick it off with Hardee’s announcement to continue expanding throughout Indiana. Six new stores are planned to open under the ownership of Farooq Shah. Shah is the owner of Midwest First Star, Inc., which has 26 franchise restaurants being operating in Ohio and Indiana.

Big Sky Country better make way for Hwy 55 Burgers, Shakes and Fries. The brand has just made a deal with Tim and Brenda Jittu to expand into Montana, with five locations slated to open between now and 2027. The first location to open with be early next year in Helena.

Wayback Burgers in continuing to expand through Africa, with the first of eight new locations being their Casablanca, Morocca store that opened in November. This deal was made with business partners Youssef Elmrani and Moutie Benhamza who are moving along with their plans swiftly – they plan to have three more locations open within two years.

Dunkin' Donuts is making waves in the franchise development world again with even more plans to expand! This time around, Sacramento, California will be seeing the addition of nine new stores. Sacramentoians will have to wait at least a year for these delicious new developments to be open - the first is set to be finished sometime in 2019.

Full Service Restaurants are Filling up with Deals

Wings Etc. is continuing to make its way across Michigan. The brand is pushing forward with existing franchisees Robert and Gene Harrison who will be opening up nine more stores throughout the state. Wings Etc. currently operates 50 locations.

Everyone's favorite wing stop - Hooters has opened its first location in Barcelona, Spain and 14 more are in the pipeline to open in the country as well as Portugal within the next three years. Mexico will also see an increase in the wing chains presence as nine new stores are scheduled to open here as well!

Tony Roma’s recently announced that they have opened their first restaurant based in Asia. The newest location is in Dhaka, Bangladesh. Tony Roma’s is a widely-known steakhouse with more than 150 locations spanning six continents!

Broken Yolk Cafe will open 11 new locations after sealing the deals with some current and new franchisees. Three Broken Yolk Cafe's will open in the Houston area, and fans of this franchise can expect to see the first one open next month! Vegas will see four new locations with the first slated to open this coming summer. Finally, Orange County can expect four new stores! These new openings will bring the total number of Broken Yolk Cafe's across the country to 37.

Everyone Still Loves Pizza and Beer

Blast & Brew serves up piping hot pizzas and also gives guests the convenience of hand-pouring their own refreshing draft beer thanks to the self-pour beer wall! A new deal signed between them and Parish and Sunil Patel will bring three new stores to Phoenix over the next three years.

Thanks to a deal inked by Old Chicago Pizza & Taproom, nine states will be seeing new locations to get get a good old Chicago-style pie and wash it down with an ice cold brew. this deal will bring a whooping 24 new stores to states including Nevada, Georgia and Arizona.

And Now to Finish it Off with Dessert!

The frozen yogurt craze doesn't show any signs of slowing down, especially not after current Sweet Frog franchisee Patrick Beard decided to add to his count of stores! Timonium, Maryland residents can expect to see a brand new store pop up in the near future! Sweet Frog is a frozen yogurt giant with more than 340 location across 27 states as well as Egypt and the Dominican Republic.

That's a lot of new restaurant franchises in the works.  These are new stores planned or just opened.  Are you interested in an existing franchise for sale? The Restaurant Brokers have the restaurant franchises for sale you are looking for! Click the link below to be taken to our website search all of our franchises for sale, or give us a call at 404-800-6700.

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Topics: buying a restaurant, selling a restaurant

What Your Restaurant Wants for Christmas, According to a Restaurant Broker

Posted by Eric Gagnon on Dec 14, 2017 10:00:00 AM

This is the time of year where being thankful and giving to others takes center stage. As a Restaurant Broker for over 15 years, I have always believed that giving someone a restaurant for Christmas is an excellent idea, and I still believe that today. Unfortunately, it seems that I am the only one that believes in that theory, but hey, this is also the season for miracles, right?

Until my Christmas wish comes comes true ( can you hear me now, Santa?) I decided to ask your restaurant what it would like for Christmas.  Boy did I get an earful.  After several long discussions with your restaurant, here are the top 5 things it would like for Christmas from you or Santa, in no particular order:
  • Your Restaurant wants a makeover

When is the last time you invested in actual dining room or kitchen upgrades? It does not have to be all that expensive.  A fresh coat of paint can go a long way. You may able to make a community event out of it  Have a bigger budget?  Investing in new kitchen equipment can save you money in the long run, or increase speed in the back of the house. Maybe you can do both. 

  • Your Restaurant wants to be part of a winning team

A great location with a great decor package and good food is not enough anymore, you need to build a great team to make all of the above even better. Make it your goal to build and retain a team that will keep your customers coming back. By the way, your P&L will like this gift too.  

  • Your restaurant wants to be lean and mean

Everyone tends to get get a little more lenient when things are running well and the bank account is well above the minimum required to operate. This is no different than all of us who tend to overindulge druing the holidays and get a little more sloppy about our discipline. Make it a goal to get better in several aspects of your restaurant. Maybe it’s food cost, labor cost, increasing your sales, or simply to hit better margins by doing quarterly reviews of different expense categories. Whichever one it may be for you, now is the time to get started - it is never a good time to start this process when you are tight with money and forced to do something drastic.

  • Your restaurant wants a little brother or sister

WOW! This could be tricky! Have you ever thought about purchasing another unit? Whether you are looking at your next franchise unit or another concept that you have in mind, many things must be in order before creating that new child! Is your financial house in order?  Do you have the capital required? Do you have team member on the bench ready to step up? The answer here is not, "We will hire someone 30 days before opening." Are we building out first generation space, or are we looking for second generation, or can we buy someone else's location? 

  • Your restaurant wants to be around for a very long time

As an owner, manager, or investor in a restaurant, the greatest pleasure you can have is to see your restaurant grow and prosper. Unfortunately, unlike your human children, this one will require care, nurturing, guidance and ongoing leadership forever. Even if you are an owner operator you must surround yourself with trusted advisors to make all the right decisions. You make so many decisions in a day that even if you get 80 percent of them right, every day you still may fail in the long run. Surround yourself with people that will help you during the life of your restaurant, people like accountants, bankers, insurance agents, food purveyors, marketing geniuses, advertising executives, sales pros, coaches, mentors, peers, etc...

If you can give any or all of these things to your restaurant in the near future, your restaurant will thank you. How you ask? By rewarding you financially! Now is a good time to add your restaurant to you list of people who need your gifts this holiday season. Plus, it will keep you off the 2018 list of naughty restaurant owners (yes, the restaurants told me they are working on it for 2018).

Here's hoping everyone has a wonderful Christmas and great Holiday season, and remember, if you are looking for a restaurant for sale that you want to treat right all year long, click the link below. We have the hundreds of restaurant for sale listings for you to browse.

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Topics: buying a restaurant, selling a restaurant

We Sell Restaurants Brokers Named to Georgia Association of Business Brokers Million Dollar Club

Posted by Robin Gagnon on Dec 12, 2017 10:00:00 AM

Dominique Award Pic.jpgEach year the Georgia Association of Business Brokers (GABB) highlights members who have sold at least $1 million in listings during the year.  This year, Dominique Maddox joined We Sell Restaurants President, Eric Gagnon, in this prestigious group.  

Only eighteen members of the Georgia Association of Business Brokers (GABB) were named to the 2017 Million Dollar Clubs for helping to broker the sale of small-, medium-sized and large businesses worth more than $90 million in 2017.

GABB is a professional membership organization committed to professionalism in the business brokerage industry. GABB members relentlessly pursue professional development so they can render superior, ethical services for all customers and clients.

Dominique Maddox made his first appearance in the Million Dollar Club while Eric Gagnon made a repeat appearance in the multi-million dollar club.  

Dominique graduated from Morehouse College in 2004 with a BA in Business Management. He went into the residential real estate field and after two years he was convinced he was destined for another industry.  “I have always loved the restaurant industry, and if I hadn't received a football scholarship to Morehouse College, my backup plan was to attend culinary arts school and become a chef.”

In 2010, Dominique was able to merge his two passions and became a Certified Restaurant Broker with We Sell Restaurants.  The rest is history.  In Dominique's word, "I’m very lucky to have joined a firm that gave me a chance at age 29 in an industry where most brokers are over 50.”

Dominique describes his approach to work to his role simply saying, "Every day I work like I have nothing in contract.” He added, “I took my restaurant brokerage business very seriously this year and reviewed my goals and vision board regularly to stay on course.”  When Dominique isn’t busy as a rock star restaurant broker, he enjoys fitness, traveling and sightseeing, and most of all spending time with his wife and daughter. In January 2018 his daughter, Amaya will be launching her very own shirt company, Young Minds Brand, with the entrepreneurial guidance of her father. The 11-year-old will use the proceeds from her venture to actively contribute to her 529 plan for college, and eventually law school! Talk about a family of achievers!

Eric Gagnon was also named to the 2017 list of top producers as a member of the group performing Multi-Million dollar transactions.  The co-founder and President of We Sell Restaurants, he is the past President of the Georgia Association of Business Brokers and has received the GABB Lifetime Million Dollar Club Award as well as the prestigious GABB Phoenix award for a decade of achieving million dollar status.  Business Brokerage Press first designated Mr. Gagnon as an Industry Expert over a decade ago.  In addition to GABB, Eric is a member of the International Franchise Association (IFA), the International Business Brokers Association (IBBA) and the Southeast Franchise Forum (SEFF) where he serves on the Board of Directors.  He is also a member of the Business Brokers of Florida (BBF).  Eric is licensed as a broker in Georgia, South Carolina and Florida. 

For listings from these top producing brokers in the GABB, take a look online at the nation's largest website for restaurants for sale at the link below. 

Restaurants for Sale

 

Topics: restaurant broker, buying a restaurant, selling a restaurant

This diner for sale in Royal Palm Beach Florida is Now Sold!

Posted by Robin Gagnon on Dec 6, 2017 10:00:00 AM

Royal Palm Beach’s Wild West Diner is no longer a diner for sale in Florida. The business was on the market for just over six months when it sold with the efforst of Certified Restaurant Broker Ken Eisenband.

The new owner, Larry Marble, found this diner for sale online and decided he would not miss out on the opportunity offered by the Restaurant Brokers.  Marble, aWild West Diner.jpg military veteran, is an existing operator.  He owns Pirate’s Well in Lake Park, Florida, and with the massive success he has had at that location, he decided to buy the Wild West diner for sale to convert into a second Pirate’s Well establishment. The sellers, Wild West Diner, LLC began the business in 2014, and due to health issues decided to list the diner for sale with the Restaurant Brokers.

What used to be a diner for sale has now been transformed into a bar and restaurant with menu items including lobster mac & cheese, wings, tasty burgers, pizza, tacos, steaks, chicken and seafood. The Wild West Diner had patrons that loved their breakfast, so Marble didn’t change that when he completed the transformation – breakfast is served daily! Royal Palm Beach residents have nothing but great things to say about the transformation, here’s just a small sampling of the five-star rave reviews the new concept has already received:

  • “Food was great. Staff was right on top of things. Friendly and professional. Larry greeted his customers with a smile and made sure everything went smooth.”
  • “This place is one of the best establishments in royal palm beach. I highly recommend the crack wrap.”
  • “The food is so good at Pirates Well that we happily drive the 18 miles for breakfast. The staff is very efficient and friendly, there are plenty of TVs to watch your favorite sporting events, and lots of parking.”
  • “Food is awesome and the staff is my favorite of any local place!! They make you feel right at home!”

Restaurant Broker Ken Eisenband had this to say of the transaction: “The Wild West Diner for sale to Larry Marble went very smoothly due to both partie's professionalism. The seller kept accurate books and records, so requested due diligence material was easily presented. The buyer was well prepared and organized in his dealings with the landlord. It was a pleasure to work with everyone involved with this transaction”

Certified Restaurant Broker Ken Eisenband holds a brokers license in the state of Florida. He holds a BBA in Business Management from Morehouse College. Eisenband is a Certified Negotiation Expert and was the proud recipient the Dealmaker Award from the Business Brokers of Florida Association for two consecutive years. Ken currently is a multi-unit franchise partner with We Sell Restaurants in Broward County and Palm Beach County, Florida.

Are you in the market for a diner for sale like this? Click on the link to be taken to our diner for sale listings across the country, and check out all of the restaurants for sale online at the We Sell Restaurants website. 

If you’re in the market to sell your restaurant, give the restaurant brokers a call at (888) 814-8226, or click here for a free valuation of your restaurant.

Restaurants for Sale

Topics: buying a restaurant, selling a restaurant

The Restaurant Brokers Share the Top 10 Listings in November

Posted by Robin Gagnon on Dec 4, 2017 10:00:00 AM

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Topics: buying a restaurant, selling a restaurant

The Restaurant Brokers Share Multi-Unit Franchises for Sale Listings

Posted by Robin Gagnon on Dec 1, 2017 10:00:00 AM

Are you a super entrepreneur looking to become the owner of multi-unit franchises for sale? The Restaurant Brokers have the listings for franchises for sale that you are looking for! What about those who aren’t sure that they are ready to own multiple franchises for sale, but want to dig into the world of becoming a franchisee? No worries – most of our multi-unit franchises for sale also have the option to buy the stores on an individual basis.

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First up on our roster of franchises for sale is an extremely popular group of three custom made-to-order sandwich and sub stores in Forsyth and Guilford Counties. What the Restaurant Brokers love about these franchises for sale is that all three locations are no more than 45 minutes from each other – making it easy to be an active owner/operator at each location without having to sacrifice time spent traveling from store to store.

The two Forsyth County locations of these nationally recognized franchises for sale are netting a combined sales of over $907,000 annually. The current owner is taking home nearly $121,000. It gets better! Of these two franchises for sale, this listing includes rights for the new owner to develop another location within the same market! This has a value of $25,000 for the development rights that is included in the purchase price of this listing. Scoop up this listing as well as the other that can be found here, and that gives you the potential to own not just two, but three of these franchises for sale upon development of the third!

Next on our list is this pair of Lenny’s Grill & Subs franchises for sale in Mississippi. The combined sales at these two locations is over $1 million annually! The current owner is bringing home an income of almost $105,000. This Lenny’s listing can improve its sales figures even more with the addition of an owner operator, as the current owner is absentee. This second Lenny’s location is doing incredible, and has an affordable rent rate of just $4,000 per month.

The final duo in our franchises for sale listings are these two Firehouse Subs locations in Kentucky. Another group of money-making franchises for sale, these two locations are reaching combined sales levels of over $900,000. The current owner is bringing home over $86,000! Leases for these locations are negotiable with the landlord and they are both located in excellent markets where the population is abundant.

These are just a few of our franchises for sale listings that include multiple units. No matter how many locations you wish to own, the Restaurant Brokers have more franchises for sale than anyone else, and we are ready to find the perfect one for you! Visit our franchises for sale listings on our website, or call us today at 404-800-6700.

Topics: buying a restaurant, selling a restaurant

We Sell Restaurants and the Restaurant Brokers Invite you to Join Our Efforts on #GivingTuesday

Posted by Robin Gagnon on Nov 28, 2017 8:17:19 AM

The Restaurant Brokers at We Sell Restaurants want you to aid our efforts on this #GivingTuesday.  You’ve made it through Black Friday, Small Business Saturday and Cyber Monday, and hopefully gotten some great gifts for your loved ones for the upcoming holidays (and maybe even a thing or two for yourself!) Before you put your wallet away, don’t forget to participate in today’s #GivingTuesday. For those of you who aren’t familiar with this moniker, #GivingTuesday is a global giving movement built by individuals, families, organizations, businesses and communities in all 50 states around the world. Everyone is encouraged to donate their time or money to a charity of their choice to help make a difference.

share.jpgThe Restaurant Brokers at We Sell Restaurants established our We Sell Restaurants Charitable Foundation in order to give back to the charities that hold a special place in our hearts. 

In honor of  #GivingTuesday, we encourage you to head over to www.franchisegiving.org and make a donation of your own. We Sell Restaurants is matching dollars today for the work this group does for veterans, underserved communities and the next generation of leaders in franchising.  Think of the difference we can make together! In addition to this contribution, take a look at what else we have donated ion this day as we collectively look at ways to improve our communities.  

Adopt a Golden Atlanta – Not only have we contributed $2,500 to this Golden Retriever rescue organization, we also rescued our office dog, Major from here as well! Adopt a Golden Atlanta focuses on finding loving forever homes for homeless Golden Retrievers in order to keep them from living a lonely life on the streets, or ending up in an already overcrowded animal shelter. Not only does this organization find homes for these notoriously excellent family dogs, they also make sure each and every dog that comes through their program receives a spay/neuter operation, medical care, and even behavior training! If you’d like to make a donation (or adopt from!) this organization, visit their website www.adoptagoldenatlanta.com.

Atlanta Community Food Bank - This past October, the Restaurant Brokers headed to Atlanta to volunteer their time at the Atlanta Community Food Bank, in addition to a donation of $1,500. The Atlanta Community Food Bank is a godsend to many Atlanta residents who do not have the means to obtain food on their own. This food bank, like many, does not only provide food for homeless individuals – they also make it possible for childcare providers, shelters and centers for senior citizens to provide meals to those in need. This year alone they will provide more than 60 million meals to over 755,000 individuals throughout the Atlanta metro area as well as northern Georgia. If you’d like to make a monetary donation to the Atlanta Community Food Bank, click here.

The Honor Foundation – The Restaurant Brokers are thankful each and every day for the efforts of our servicemen and servicewomen. As a token of our eternal appreciation for these brave and talented individuals, we have donated $5,000 to The Honor Foundation. The Honor Foundation focuses on providing professional advancement education for Navy Seals and United States Special Operations members during and well beyond their service. Would you like to make a contribution to this foundation? Just click this link and you’ll be taken to their donation page!

While we highlight these gifts on #GivingTuesday, our foundation will be seeking out other great causes and committing more money before the end of this year. 

Are you ready to help?  It’s easy to join the #GivingTuesday movement! A simple online search of your favorite charitable organization will take you to their website, and in turn to a page to make a donation. ANY amount helps as we work together to give back in better, smarter ways to the charities and causes we believe in, and help create a better world.

And don’t forget – giving back doesn’t need to be done monetarily. Donate your time to your local animal shelter walking the shelter dogs, head to your food bank to serve up lunch of dinner to those in need, or set out  to your closest park and spend a few hours cleaning up garbage.  You can be a real force for good in people's lives.  Share your contributions with us in the comments below!

Topics: restaurant brokers, buying a restaurant, selling a restaurant

The Restaurant Brokers Share Bargain Restaurants for Sale in Honor of Black Friday

Posted by Robin Gagnon on Nov 24, 2017 10:00:00 AM

In honor of all of the hot sales going on today for Black Friday, the Restaurant Brokers didn’t want to miss the opportunity to share our deals with those of you searching for a restaurant for sale. What do the Restaurant Brokers consider a hot Black Friday restaurant for sale deal? One of our many asset restaurant for sale listings that are $75,000 or less! Some may say, “I am pretty sure I can lease a restaurant space for far less than $75,000, why should I buy an asset restaurant sale?” The Restaurant Brokers are here to tell you exactly why you should consider an asset restaurant for sale as opposed to leasing a restaurant space.

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First off, many restaurant spaces for lease are just that – space. Sure, some of them have a build out that has been started, but starting tends to be where they were also finished. Many of these leased spaces have little to no kitchen equipment. What’s that mean? Simply, you, the lessee, is responsible for the purchase of the equipment. “Well, I can just buy used restaurant equipment, how bad can that be?” While used kitchen equipment is a great option, keep in mind you will be spending a minimum of $35,000 to $45,000 on just the equipment.

After the equipment is purchased, it needs to be delivered to your location and then installed. You can expect to shell out anywhere from $2,000 to $5,000 for this. Now, you have it all delivered and installed, you’re ready to fire it all up for a test run, and you discover that two thirds of the equipment doesn’t work. Now what? You will either have to pay someone to come in and inspect and fix the equipment (if it’s fixable), or look for different equipment. As you can see, this can be very pricey.

You may say, “The restaurant space for lease I found already has the kitchen equipment and it’s brand new – the previous renter installed the kitchen and ran out of money, I just need to finish the rest.” Just like ANY renovation or build-out, to do this in a restaurant space for lease is no different. You are looking at $90,000 and up for just a 900 square foot space!

An asset restaurant for sale is sounding a whole lot better now, how about it? The Restaurant Brokers have lots of asset restaurant for sale listings, and we are sure that we have the perfect one to suit your needs! Take a look at a few of these deals that are priced right up there with the rest of the Black Friday deals going on all across the country today:

First up on our list is a listing for only $29,000. You may be thinking, “There’s no way I can get anything decent for that price.” Think again. This restaurant for sale is located in Austin, Texas in a developing party of the city. Currently this is operating as a sub shop, but it’s ready for you to bring your own concept. It would be perfect to run a café, small bar, bistro, or carry-out business! The possibilities are endless with this little gem, and rent is only $1,851 per month. Click here to check out this listing!

Next up is a buffet-style restaurant for sale in Blount County, Tennessee that is in a stand-alone building and includes a retail store! Keep this as your own to sell trinkets or homemade goods, or lease it to another tenant! The possibilities are endless in this 5,800 square foot location with a rent set at an unheard of $2,500 per month! You get all of this and a fully equipped kitchen for just $55,000 – wow! What a deal – check it out here!

Our final Black Friday restaurant for sale deal is almost too good to be true – a sandwich shop restaurant for sale in Golden, Colorado for just $50,000! This business is located in a busy strip mall, high school, and residential neighborhoods. The location is an easily manageable 1,050 square feet with seating for 24 guests for just $1,650 per month. Don’t miss out on looking at this restaurant for sale listing here!

With all of these great restaurants for sale from the Restaurant Brokers for less than $75,000, you can get a great business for yourself, and have money left over for all of your upcoming Christmas shopping! Keep an eye on all of our restaurant for sale listings by registering on our website, www.wesellrestaurants.com – we put new listings up each and every day and you never know when you will find a steal!

Topics: buying a restaurant, selling a restaurant

Atlanta Restaurant Sales Trend is Positive for Third Quarter  - Sign of Things to Come?

Posted by Robin Gagnon on Nov 15, 2017 12:49:01 PM

Atlanta restaurant sales are headed back in a positive direction according to the latest survey relesed by Robert Wagner, CPA and President of NetFinancials.  His latest data shows that Atlanta Q3 2017 restaurant sales volume increased 1.0% vs. Q3 2016. This is great news since it's the first positive sales increase shown in the last twelve months for the market.  The majority of the independent restaurants surveyed (57%) by NetFinancials reported gains.  

The numbers were much better than the national results issued by TDn2K’s Black Box Intelligence for the same time period.  

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The restaurant sales and traffic-tracking company, reported national restaurant Q3 2017 revenues declined by 1.9%.  That makes the Atlanta market nearly 3 percentage points (2.9%) better.  This was the seventh consecutive quarter of negative sales results nationally.  Restaurant traffic also declined 4% nationally in Q3. 

Was the Atlanta market a signal that the industry is turning around?  The restaurant brokers will take the optomistic route that Atlanta was just a forecast of things to come.  National results for October are positive nationwide.  Black Box Intelligence released a  0.9-percent same-store sales growth last month, the first time that's happened since May of 2016.  TDn2K data is based   on The Restaurant Industry Snapshot, including weekly sales from 30,000 restaurant units, more than 155 brands and representing over $68 billion in annual revenue.

The third quarter had the southeast in particular, hit with multiple hurricane and weather events.  Atlanta, as one corridor for evacuations may have felt the benefit of those escaping the storms contributing to better growth than the nation.  Overall, the market remains strong overall economically, with etro Atlanta unemployment declined in September to 4.1% from 5.0% in September 2016.

For whatever reason, those in the industry are breathing a sigh of relief to see local and national sales begin a turnaround.  Eric Gagnon of We Sell Restaurants, said, "This is an industry of ups and downs but ultimately, a necessary part of American lives.  While diners may cut back on meals outside of the house or trade down to less expensive choices, the volume in this industry has grown year over year for decades."

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Data for this article was released by Bob Wagner, NetFinancials. Robert Wagner, CPA is president of NetFinancials, Inc. which provides a full range of tax and accounting services for restaurant companies. Email: bob.wagner@netfinancials.com. www.netfinancials.com Direct: 404-874-7002
The NetFinancials quarterly Atlanta restaurant sales survey is provided as a public service to the restaurant industry. Copyright NetFinancials, Inc.

The Sample: The 96 non-franchise restaurants were drawn from the metro Atlanta market. Total survey sales volume was $223 million for YTD 2017. The survey includes restaurants in Atlanta’s fast-casual, casual and fine-dining segments opened at least 21 months.

Topics: buying a restaurant, selling a restaurant

The Restaurant Brokers Share New Franchise Deals Inked in the Restaurant Industry

Posted by Robin Gagnon on Nov 13, 2017 10:00:00 AM

There are all kinds of new franchise expansion deals happening across the country that the Restaurant Brokers are excited to1-4319039364371.jpg tell you about. From world-famous Dunkin Donuts expanding into a new market in Minnesota to location openings of fast growing cafés, wing, and burger concepts, there are franchise expansions happening across the board.  These are all new transactions being built from the ground up.  Of course, We Sell Restaurants has dozens of existing franchise for sale  listings online.  available at this   Read on to check out what’s been happening in the franchise restaurant world.

You’d be hard-pressed to visit any city or large town and not be within a few miles of a Dunkin’ Donuts store, and America’s Favorite coffee and donut stop has announced even more locations to open. The Rochester, Minnesota area will see four new Dunkin’ Donuts stores, with the first scheduled to open its doors in 2019.  These locations will be opened by Donut Kings, LLC, who also signed an agreement in 2016 with the donut giant to open three locations in the Mankato, Minnesota market. The first of the three locations from the 2016 deal opened in March of 2017.

Dunkin’ is offering special development incentives to encourage franchisees to jump on board the donut train and expand, especially in the Duluth, Michigan area. For anyone not interested in an existing franchise for sale, and instead wishing to open their own franchise, this may be the brand for you as they are very flexible regarding the format of the real estate for new stores. Dunkin allows new franchisees to open locations in fuel stations, educational institutions, and free-standing locations to name just a few.

Further south in Texas, healthy café concept First Watch opened their fourth San Antonio location in September. This comes after the breakfast and lunch café chain opened three other locations in San Antonio just in the past three months! San Antonians were unfamiliar with the brand until just recently, but it looks like they picked up on the award-winning restaurant quickly as the demand for First Watch locations in the area has continued to grow!

First Watch serves up organic cuisine options, eggs from free range chickens, and freshly juiced fruit drinks to name just a few items. The brand has 105 stores operating across 17 states, the first of which opening in California in the early eighties.

North Carolina based East Coast Wings + Grill, made famous for their award-winning flavors, has announced that it will be expanding its reach into the Indian Trails, North Carolina marketplace. This news comes after the signing of a new franchise deal with Chatpatta Ventures, LLC., who are excited to expand upon their range of businesses owned with their first casual dining acquisition. East Coast Wings + Grill currently has 60 locations operating or in the developmental stages, along with plans to open 11 more stores up and down the east coast.

Rounding out the news of franchise expansions is the announcement that MOOYAH Burgers, Fries & Shakes has opened its first Pennsylvania location. Two Guys from Italy restaurant owner John Valerio brought the brand to Dickson City, after he tried the food on a trip to New Jersey and saw the potential it had. Valerio is excited about the possibility of opening even more locations in Pennsylvania after he can determine the success of his first location.  MOOYAH is a burger chain made popular by its multiple meat, cheese, and bun options including its signature lettuce bun which is featured on the Iceburger.

There you have it, deals being made and locations popping up at incredible rates! Want to get in on the franchisee action? Check out WeSellRestaurants.com for our up-to-date existing franchise for sale listings as well as hundreds of other restaurants for sale.

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Topics: buying a restaurant, selling a restaurant