Advice for Buying a Restaurant and Selling a Restaurant

Restaurant Brokers Designated as Industry Experts by Business Brokerage Press

Posted by Robin Gagnon on May 29, 2017 5:07:55 PM

Restaurant Brokers Eric and Robin Gagnon have been designated by Business Brokerage Press as Industry Experts yet again for 2017.  The Industry Expert program is recognized across the nation for brokers that have in-depth knowledge of a particular type of business.  It's based on a questionnaire distributed by the group that demonstrates specialized skill in an industry and transaction experience.  . 

Industry_Expert_Logo.jpgEric and Robin Gagnon will be included in the Industry Expert section of the Business Reference Guide published by Business Brokerage Press or BBP.  Experts in this program must qualify through demonstration of in-depth knowledge for a particular type of business.  Only those qualified and approved by BBP may be listed as a source with expert knowledge in their prospective industry. 

The Restaurant Brokers, Eric and Robin Gagnon, have both qualified for this honor for multiple years in both Restaurant Sales and Franchise Resales.  The dynamic duo and husband and wife team are the founders of We Sell Restaurants, the nation's largest restaurant brokerage practice and franchise brand.  

ERIC GAGNON is the founder and President of We Sell Restaurants and wesellrestaurants.com.  He is the nation’s leading restaurant broker.  Eric is an industry expert in restaurant sales and valuation.  He is a frequent speaker, writer and co-hosted the nation's only radio show devoted to the restaurant industry for several years.  Eric is co-author of Appetite for Acquisition, an award winning book on restaurant brokerage published in 2012 and named "Best of" by Small Business Book Awards.  Eric began his career in the financial services industry for Bank of America, Bank of New York and big five accounting firm, KPMG before launching the nation’s premiere restaurant brokerage firm and restaurant brokerage franchise.  Eric is member of the International Franchise Association, the Georgia Association of Business Brokers and the Business Brokers of Florida.  In addition, he serves on the Executive Board for the Southeast Franchise Forum and the Membership Committee of the International Business Brokers Association.  

ROBIN GAGNON is the Co-Founder of We Sell Restaurants and the firm's Chief Marketing Officer.  Robin is one of the most prolific restaurant brokers in the industry and is a franchise resale specialist.  She is also a writer and speaker that has addressed the International Business Broker Association, International Franchise Association, Sysco Food Show and multiple colleges and universities. Robin's expert articles appear online and in print across the country. She co-authored Appetite for Acquisition, an award winning book on buying restaurants that was published in 2012 and named "Best of 2012" by Small Business Book Awards. She is the co-host of the long-running radio show "We Sell Restaurants."  Robin is a member of the International Franchise Association and serves on the Women's Franchise Committee.  She is also the Chair of the Women's Franchise Network - Atlanta Chapter.  

These veteran industry experts have defined the term “Restaurant Brokers” with their unmatched experience, knowledge and count of restaurants sold.  Impactful speakers, they have presented workshops and served on multiple panels for organizations nationwide where they share their expertise. They created and developed training for brokers to obtain the credential of Certified Restaurant Broker.

The two have trademarked their brand, “We Sell Restaurants” and are franchising nationwide. They share their knowledge through one of the most extensive training programs available to the industry. Their multi-platform training program leads to the nation’s only Certified Restaurant Broker designation.

For nearly 34 years, Business Brokerage Press has worked to benefit business brokers through valuable publications, services and resources specific to the business brokerage profession.  In addition to their Industry Expert program, they publish source books for the industry including The Complete Guide to Business Brokerage; and the Business Reference Guide, first published in 1991.

The Business Brokerage Press legacy extends to the International Business Brokers Association (IBBA) as the founders were instrumental in launching this international organization.  For over 10 years, Tom and Barbara West of Business Brokerage Press had a hand in running the Association until they turned it over to a management association company so they could focus their time and attention full time on BBP.

For more information about We Sell Restaurants, visit wesellrestaurants.com or for franchising information, visit wsrfranchise.com

  

 

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

Restaurant Sales in College Towns When School is Out - A Report from Raleigh NC

Posted by Katy Sizemore on May 24, 2017 11:58:47 AM

 

For North Carolina, the restaurant industry is a significant force on the economy. The state has 18,169 eating and drinking locations, $18.6 billion projected sales for restaurants in 2017, and 458,400 employed by restaurant jobs equating to 10% of employment in North Carolina. Statistics from the NC Restaurant and Lodging Association.  Today we are looking at summer business in a college town and getting two different viewpoints from local owners.

schools out.jpgTaking a deep dive into one of We Sell Restaurants’ newest franchise locations, the city of oaks and the state’s capital---Raleigh.  Restaurant Broker Katy Sizemore took to the street to ask local owners what happens when the colleges empty out for the summer months.  

Hillsborough Street is an iconic location for Raleigh, North Carolina, and particularly for NC State students. Known for the arts, cultural events, education, recreational facilities, and of course, restaurants. From Mediterranean food to Mexican food, early morning coffee to late night pizza, smoothies to sub sandwiches, this street has it all.

However, what is it that keeps the restaurants on Hillsborough Street thriving? With summer rolling around we wanted to know how the eateries and hot spots stay afloat during the hot months---when the prime audience of these restaurants are off abroad, interning, or home for the summer.  

East Village Grill, a sports bar on the corner of Hillsborough Street and Dixie Trail has become not only a happening spot for students, but a nostalgic dining experience for customers that have been eating there over the past 20 years. After speaking to the staff, we got an insight to what it’s like being a restaurant within walking distance from classrooms, dormitories, apartments, and the DH Hill Library.

East Village Grill staff explains that the restaurant has a drop off in sales for about a week when school lets out for summer. However, the hometown here restaurant and bar is not hurt by the let out for summer.  They go on to explain that Raleigh is not just a college town. The sports bar has plenty of regulars to keep their business going and coming from the neighborhoods surrounding Hillsborough Street. Their business caters to people ages 7-90.

The university hosts tons of summer camps, offsetting the loss of traffic from students. East Village staff also says that plenty of people who are Raleigh natives return home for summer from schools elsewhere and this also adds to their business. Closing the interview, the said that East Village has been here for so long that it has “become kind of a nostalgic place to come here and eat.” He says that people who ate here when they were once students at NC State come back to bring their kids.

There is no doubt that the college students enjoy the food, the fun, the karaoke nights, and the trivia and that NC State students make up a large portion of their business. However, Raleigh locals tend to love East Village just the same-a benefit of owning a restaurant next to a college yet in a town that may not only be considered a “college town.”

For Owner of Global Village Organic Coffee, Greg Ritchey, circumstances seem a bit different. He noted that at the start of summer, the student population in the area drops by 70% and business tends to follow. He discussed that the mass majority of his business does come from the NC State Students. The challenge, said Ritchey, is convincing people that aren’t associated with the university to want to have anything to do with Hillsborough Street. He was happy to say that he is fortunate enough “to have a small core of neighbors who enjoy rubbing elbows with students, faculty, and staff.”

On a positive note and offsetting the fluctuation of student traffic during the summer, some of his part time student workers may leave for the summer to go home or elsewhere. It also balances out for other workers during the summer to be able to go on vacation. All in all, Ritchey loves being an owner of a coffee café on Hillsborough Street. He notes that the environment of Hillsborough Street is a wonderful environment and is fortunate to get business from their international students. He described Global Village Organic Coffee as a good melting pot.

While business may come and go for some, it is a certain that the iconic main drag of the North Carolina State University college campus, in Raleigh Hillsborough Street, brings many people for different reasons.  Being nestled into the college campus, individual neighborhoods of Raleigh residents, and just a jump off the 440 beltline, people make this their destination for food, drinks and fun!

 

 

Topics: buying a restaurant, selling a restaurant

Restaurant Broker Ken Eisenband Recognized as Florida Deal Maker!

Posted by Robin Gagnon on May 15, 2017 8:46:39 AM

We Sell Restaurants Announces that the Business Brokers of Florida has named Ken Eisenband a Million Dollar Club Award Recipient and winner of the Dealmaker Award for the State of Florida.

Ken Eisenband, Franchise Partner for We Sell Restaurants closed enough restaurant sales in 2016 to place him in the Top 5 for completed deals in the entire state of Florida.  His activity is measured against every other broker in the state’s association which has more than 1400 members.  This is the second consecutive year Eisenband has earned this distinction along with being named to the Million Dollar Club.
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A long time Top Producer, Restaurant Broker Ken Eisenband leads the Fort Lauderdale, Broward County franchise office of We Sell Restaurants.  Ken has been a member of the Business Brokers of Florida (BBF) for two years and has earned the award each year, outperforming many of his peers for this achievement.  BBF or Business Brokers of Florida is a nonprofit association made up of the leading business brokerage companies and agents throughout the state of Florida. It is the largest state business broker association in the country, and the second largest association of business brokers in the world.  

Members of BBF must demonstrate their expertise and ability in business brokerage when applying for membership. Once accepted as a member they must adhere to a strict code of ethics.  The Association has more than 1,400 members, has over 4,000 listings and maintains a database of over 16,000 sold businesses for market data comparisons.  

Robin Gagnon, co-founder of We Sell Restaurants said of the achievement, 'Ken is an amazing Franchise Partner and inspiration to the team. Ken specializes in selling only restaurants while those he competed against for the award sell every type of business.  His commitment to buyers and sellers is unmatched."

BBF Award.jpgAs a franchisee of We Sell Restaurants, Ken underwent extensive training and testing leading to his designation as a Certified Restaurant Broker prior to launching his practice.  He is a licensed real estate broker in the state of Florida and graduated with Honors from The School of Hospitality at Michigan State University in 1983.  He has more than thirty years of experience in the restaurant industry

Ken founded the Ft. Lauderdale office of We Sell Restaurants in 2012.  He is currently working to expand his franchise territory and mentors multiple Restaurant Brokers within his team including:  Robert Morrison, Ken Allain and Everett Rashotsky.  He also serves as a training consultant for the We Sell Restaurants brand and conducts a portion of the training in his market. 

We Sell Restaurants is a franchise business brokerage firm specializing in the restaurant industry. The We Sell Restaurants® brand is known nationwide for professionalism, industry knowledge and unmatched service in the sale of restaurants.  They can be found online at wesellrestaurants.com.

Topics: buying a restaurant

Sweet!  Ice Cream & Frozen Yogurt Shops for Sale in Time for Summer

Posted by Robin Gagnon on May 2, 2017 3:13:41 PM

Summer will be heating up the United States before we know it. What better way to keep cool than by visiting one America’s favorite summer treat stores?  Check out these Ice Cream or frozen yogurt stores for sale.  These sweet opportunities are headed into their busy season.  

Before the summer rush comes along, join this $5.7 billion dollar business. Are you a fan of these frozen sweet treats?  Trust the restaurant brokers when we tell you that you’re not alone! Customers surveyed by one popular concept revealed that 45.3% of us eat a cupful of flavor sold at these frozen yogurt franchises for sale at least once a month.  That doesn’t count the ones who love these flavors more frequently.  Do you know that over 40% of those surveyed treat themselves every single week?

Ready to join the biz with one of these ice cream shops for sale?  Why not?  This is a simple operation in a small space that’s super easy to operate.  It’s not too difficult to weight the cup (in the case of self-serve) or scoop it up (for hard ice cream).  In addition, these frozen yogurt shops for sale don't (typically) involve late nights or alcohol so it's a worry free concept if you're new to the business world.

Americans love ice cream.  We are the number two consuming ice cream country in the world, outpaced only by New Zealand.  About 9% of all the milk produced in the United States goes to make Ice Cream.  Want to know more about our addiction to this national treasure before buying one of these frozen yogurt or ice cream franchises for sale?  It takes about 50 licks to finish a single scoop of ice cream and the perfect temperature for scooping ice cream is between 6 and 10 degrees Fahrenheit. That is chilling delicious!

Take a look behind the counter at our inventory of Ice Cream and Frozen Yogurt shops for sale.  These businesses offered by the restaurant brokers currently range from $249,000 on the high to under $40,000 for the least expensive opportunity. 

Most franchise approvals offer quick turnaround and frequent training so you can get going before the temperatures max out.  If you’re in the market for an E2 visa business, one of these ice cream or frozen yogurt shops for sale are perfect!  Easy operation.  Quick approval and eligible for E2 visa candidates.  Why wait for the summer rush, start scooping up these worry free, easy to operate concepts today!


 
 
Listing ID:5257 Restaurant Broker Dominique Maddox    
Frozen Yogurt Business for Sale in Savannah Downtown District
Lease: Expires August 31, 2021
Monthly Rent: $4752
Inside Sq. Ft. 1584
Outside Sq. Ft.
Price:$39,999
City:Savannah

Dominique Maddox
(404) 993-4448

Listing ID:5241 Restaurant Broker Eric Gagnon    
Frozen Yogurt Franchise For Sale in Michigan is a Winner!
Lease: Expires Nov. 2017 with 5 yr option to renew
Monthly Rent: $4304.00
Inside Sq. Ft. 1800
Outside Sq. Ft.
Price:$49,999
City:Rochester Hills

Eric Gagnon
(404) 800-6704

Listing ID:5032 Restaurant Broker Eric Gagnon    
Two Frozen Yogurt Franchises for Sale! Multi-Unit Opportunity
Lease: Expires April 1, 2018 | Expires October 16, 2021 with one 5-year option
Monthly Rent: $8874 | 5619
Inside Sq. Ft. | 1500
Outside Sq. Ft.
Price:$249,000
City:Bossier City | Shreveport

Eric Gagnon
(404) 800-6704

Listing ID:5024 Restaurant Broker Eric Gagnon    
Ice Cream Franchise for Sale in Tennessee
Lease: 3 years w/ one 5 year option
Monthly Rent: $2115
Inside Sq. Ft. 1400
Outside Sq. Ft.
Price:$79,000
City:Lebanon

Eric Gagnon
(404) 800-6704

Listing ID:4991 Restaurant Broker Eric Gagnon    
Franchise Frozen Yogurt Business for Sale - Profitable Store!
Lease: Expires June 30, 2016 with 2 5 year terms
Monthly Rent: $2961
Inside Sq. Ft. 1800
Outside Sq. Ft.
Price:$179,000
City:Joplin

Eric Gagnon
(404) 800-6704

Listing ID:4969 Restaurant Broker Eric Gagnon    
Profitable National Frozen Yogurt Franchise for Sale in Louisiana!
Lease: Expires October 16, 2021 with one 5-year option
Monthly Rent: $5619
Inside Sq. Ft. 1500
Outside Sq. Ft.
Price:$179,000
City:Shreveport

Eric Gagnon
(404) 800-6704

Listing ID:4765 Restaurant Broker Robin Gagnon    
Combo Cinnabon Carvel Ice Cream Franchises for Sale in Illinois
Lease: Expires January 31, 2022
Monthly Rent: $6500
Inside Sq. Ft. 630
Outside Sq. Ft.
Price:$149,000


Robin Gagnon
(404) 800-6701


 

 

Topics: buying a restaurant

Featured Listing -- 8 Franchise Units in a Major Market EBITDA of $434,000

Posted by Robin Gagnon on Apr 17, 2017 3:30:13 PM

This featured listing is an amazing opportunity to anyone looking to expand their portfolio into a multi-unit franchise ownership. This package concentrates all the authority for a national brand into a single operator in a major market.  You get a money driving food truck and eight locations that are pumping out volume between $500,000 to $646,000 at each door.

The opportunity, priced at $1.695,000 is a smart buy.  The volume of these locations is over $4.765 million.  Currently handled with a smart District Manager in place, all the operational controls are already there!  The $434,218 in EBITDA calculations includes the franchise royalties, the district manager and store level management. These types of sales and revenue do not come along every day! Plus there is a right to develop another location adding to that bottom line.

Unmatched opportunity with this fully dressed out Food Truck that is plugged into the entire local scene including all major sporting events (think final 4) and much more. This will not remain in the restaurant brokers’ inventory for long.

These eight locations are quick casual National Sandwich Franchises with limited hours keeping labor cost low. No alcohol or frying of food makes these locations easy to run. The payroll for the District Manager and store leadership is all calculated in the EBITDA on these franchises for sales. This is an award winning, top ranked brand that is showing consistent growth and expansion and has a superior support system.  However, a buyer must demonstrate strong liquidity (7 figures or more) and have relevant multi-unit food service experience to qualify for this outstanding opportunity.

Located in a booming part of the nation that is full of sunshine this area rates among the top 10 best states in job creation. You will have business year around waiting to eat up this delicious concept.  A wealthy and thriving community among all the states gives this southwest destination a bottom ten ranking poverty.

Ready to eat up this rare opportunity. Bring us your net worth of 7 figures and show you previous multi-unit experience. The franchise is ready to make a deal! All stores have long term leases with favorable terms.  This is an award winning, top ranked brand that is showing consistent growth and expansion and has a superior support system

Current ownership team is moving out of the business to pursue other opportunities and is interested in making a deal happen quickly.  Let's talk terms!

This should qualify for SBA lending with no issues and the restaurant brokers will have you in front of our resources for a quick approval.  We must see liquidity of $1,000,000 on this transaction in order to meet the brand requirements.  Send directly to Certified Restaurant Broker Robin Gagnon for a complete package on these franchises for sale.

expansion and has a superior support system.  However, a buyer must demonstrate strong liquidity (7 figures or more) and have relevant multi-unit food service experience to qualify for this outstanding opportunity.

Located in a booming part of the nation that is full of sunshine this area rates among the top 10 best states in job creation. You will have business year around waiting to eat up this delicious concept.  A wealthy and thriving community among all the states gives this southwest destination a bottom ten ranking poverty.

 

 
 
Listing ID:5454 Restaurant Broker Robin Gagnon    
Franchises for Sale - Major Market 8 Units $4.8 MM in Sales
Lease:
Monthly Rent: $
Inside Sq. Ft.
Outside Sq. Ft.
Price:$1,695,000


Robin Gagnon
(404) 800-6701

Topics: buying a restaurant

Buying a Franchise Restaurant for Sale? Don’t Sabotage Your Approval with These Mistakes

Posted by Robin Gagnon on Apr 11, 2017 4:37:06 PM

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In the course of buying a franchise restaurant, there are a number of hurdles to overcome, not the least of which is the franchise approval.  For most brands, that includes a process for application, followed by a Discovery Day and culminating in an approval for the franchise restaurant buyer.  How does this go “off the rails” and result in a turndown?  Here are the surefire mistakes we’ve seen that destroy a relationship before it gets going.  The Restaurant Brokers can nearly guarantee a non-approval once you start down these paths to self-destruction or non-approval.   

Franchise approval starts and ends with the very thing each franchise restaurant for sale brand is actually selling to you.   They are selling access to their trademark, their trade secrets and a defined way of doing business.  For virtually every brand, the word “process” is critical so the first, most critical step is following their procedures in applying. 

Sabotaging Your Approval by Attempting to Leapfrog to Approval without a Contract 

Here’s one path to denial; changing up the application process.  For almost every franchise restaurant resale, the brand requires that first and foremost, you have an offer in place with the seller before you begin working on franchise approval.  The only exception to this is for a current franchisee of the brand.

Most franchise brands have a right of first refusal.  They want to hear from that franchisee – the one they are in an existing business relationship with, before they start talking to you as a potential buyer.  Therefore, until you and the seller have agreed on a price and come to initial terms, you should not circumvent the application process and go directly to the brand. The seller will either ask his restaurant broker to handle this or will take care of it himself.  In either case, the seller authorizes the first introduction.   

Certain buyers attempt to evade this requirement and go into the approval process as a “new buyer” and then tell the brand it’s for a resale.  This is a classic bait and switch.  Trust us when we tell you that the franchise development team working with you does not like this approach.  Their compensation for new sales is usually very different from resales and souring the relationship with the Area Developer or person who will be overseeing your success (and the transfer process) for the near and long term is not an advisable step and will quickly lead to a turn down.  If you are not trustworthy, why should an established brand bring you on board their team? 

Sabotaging Your Approval by Ignoring the Process & Timelines

Some franchise restaurant buyers come to We Sell Restaurants and simply don’t believe they have to follow the laid out application process.  A brand says they want to see proof of funds first and the buyer says, I’ll show it when we’re further down the road.  The franchise requests that every partner be available for the Discovery Day and only one of the two attends.  The brand says all the paperwork to attend Discovery Day must be submitted by the first and they get it in on the 10th.

A franchise is based on a business process, a shared set of systems and an approach to the industry that generates the fastest route to success.  For many brands, it’s not about the results of each step in the process, it’s that you can follow directions and execute to a planned outcome.  Think about it.  If a franchise restaurant requires consistency across locations, why would the brand welcome you with open arms if you are in fact, a maverick that simply wants to do it your own way?  If you want to keep from sabotaging your approval, follow the process, in order and in a timely manner.

Sabotaging Your Approval by Asking for Concessions First!

 As a restaurant broker, I have to admit that even I am shocked by this one but I see it at least once in every twenty or so transactions.  Buyers will have their first call with the franchise and despite having been prepped up front to understand the length of training or the menu items or any manner of things, they immediately begin complaining (and negotiating) about these items on their first call with the brand.

Is it possible to get concessions related to the time of training or the menu items or the service of alcohol or any other item a buyer may have on their mind?  The answer is…sometimes.  The time to raise these issues however is not on the first call. Think about this like a first date or a “getting to know” you call.  Any item you want to attempt to negotiate should be much further down the road in discussions.  For example, a requested one on one with Operations at your Discovery Day may be a time to bring your resume and point to your relevant experience and ask for a shortened time frame for training.  But just as you would never tell a first date, that having five kids is part of your life plan and it’s a “take it or leave it” proposition, hold any thoughts on concessions until the franchise has met you, decided they like you and have offered to have you come on board.  You’ll be much more successful on the “ask” and keep from shooting yourself in the foot on being approved in the first place.

Avoid these three ways of sabotaging your franchise application and you are well on your way to approval.  Fall into the trap of one of these and you should go ahead and start looking at other brands. Looking for a franchise restaurant for sale?  Check out our inventory at these links.

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Topics: buying a restaurant

Restaurant Brokers Eric and Robin Gagnon Appear on Commercial Real Estate Show

Posted by Robin Gagnon on Apr 7, 2017 10:04:51 AM

We Sell Restaurants founders Eric and Robin Gagnon, the nation's Restaurant Brokers are guests on this week's Commerical Real Estate Show hosted by Michael Bull and airing coast to coast.  The April 5 show focused on the restaurant sector, including performance, forecasts, and strategies.

America’s Commercial Real Estate Show™ has been in production for more than six years.  It has been covered by most major medimb-headshot.jpga sources and has a loyal following on both iTunes and the show website.  Show host Michael Bull is a respected industry expert with an affable style always knowing what the audience wants next. He hand picks respected guests who join him to share market intelligence, forecasts and strategies related to chosen weekly topics.

Topics ranged from the size of the industry ($799 billion in restaurant sales) along with the more than 1 million Restaurant locations in the United States.

Bull asked his guests to provide their insight on the growth of the industry and some of its challenges.  Some of those challenges, according to the Restuarant Brokers, include regulatory hurdles and minimum wage increases which affect restaurants disproportionately.  On the flip side, the duo reveals that small business optimism has never been higher and for that reason, they see continued growth in the industry.Bull asked the Broker's for one sentence to describe the outlook for 2017 sales, "With people settling into the new administration the consumer confidence is going to lag what is happening in the stock market and we are looking forward to it being huge."

Want to listen to the entire show?  Click the graphic below or click this link to listen to the show for the latest insights on industry trends.

 

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The Gagnons are a dynamic duo and husband and wife team.  The nation's leading restaurant brokers, they founded We Sell Restaurants, the nation's largest restaurant firm focused on selling restaurants. For a number of years, they hosted their own syndicated radio show, “We Sell Restaurants.”   They are national speakers on both the restaurant and business brokerage industry and have appeared at the national conferences for the International Franchise Association, the International Business Brokers Association as well as othe rgroups.  Their book, Appetite for Acquisition was named Best of 2012 by Small Business Book Awards and has a five-star rating on Amazon.

The two have trademarked their brand, “We Sell Restaurants” and are franchising nationwide. They share their knowledge through one of the most extensive training programs available to the industry. Their multi-platform training program leads to the nation’s only Certified Restaurant Broker designation.

Topics: buying a restaurant, selling a restaurant

Top Ten Restaurants for Sale - March 2017

Posted by Robin Gagnon on Apr 5, 2017 3:09:47 PM

 We Sell Restaurants jumps into spring with some hopping action on listings. These listings make it to the top due to the most signed Confidentiality Agreements.  Our March results are showing showing buyer interest across all areas of the country and every type of price point. Our Broward County market is seeing the spring love with starting the list off with 3 listings!

This eye catching restaurant for sale location in Parkland Florida is fully equipped with a SRX Liquor License. On the market for less than 30 days and this listing is In Contract. The South Florida restaurant market is HOT!

Listing ID:5314 Restaurant Broker Ken Eisenband    
Restaurant and Bar for Sale has SRX Liquor License - Fully Equipped
Lease: Negotiable with Landlord
Monthly Rent: $5397.27
Inside Sq. Ft. 2500
Outside Sq. Ft.
Price:$99,000
City:Parkland

Ken Eisenband
(561) 350-3365

 Broward County buyers are clicking away while looking for more information on this Pizzeria for sale that's a bargain at only $55,000! Take advantage of this fully equipped location that is ready for a new owner to roll in the dough!

Listing ID:5311 Restaurant Broker Ken Eisenband    
Pizzeria for Sale -- Fast Casual Italian Restaurant in Broward County
Lease: Expires January 31, 2018 plus 2 three year options
Monthly Rent: $4612.78
Inside Sq. Ft. 1716
Outside Sq. Ft.
Price:$55,000
City:Tamarac

Ken Eisenband
(561) 350-3365

 Sunshine and sand comes with this restuarant for sale listing. Located just off A1A in Ft. Lauderdale this new location is starving for a new owner due to owner relocation. Fully equipped, loyal customer base and growing numbers is sure to serve up a buyer.

Listing ID:5297 Restaurant Broker Ken Eisenband    
Restaurant for Sale - Fully Equipped location Seeking New Owner
Lease: Expires February 28, 2021
Monthly Rent: $3244
Inside Sq. Ft. 1200
Outside Sq. Ft. 150
Price:$125,000
City:Fort Lauderdale

Ken Eisenband
(561) 350-3365

 Franchise? Under 100k? Yes and yes! Join the franchise world with a quick casual location that is already dishing up sales. Buyers love this listing in Gwinnett County!

Listing ID:5320 Restaurant Broker Robin Gagnon    
Restaurant franchise for Sale in Gwinnett County Georgia
Lease: Expires October 2017
Monthly Rent: $2519 including CAMS
Inside Sq. Ft. 1400
Outside Sq. Ft.
Price:$85,000
City:Duluth

Robin Gagnon
(404) 800-6701

John’s Creek is one of the hottest locations is Georgia! Buyers prove that with this restaurant space for lease. Ready for a new concept, this location offered by Restaurant Broker Cyndi Weinbaum has already received multiple showings.

Listing ID:5274 Restaurant Broker Cyndi Weinbaum    
Restaurant Space for Lease in Johns Creek, Georgia - Great Location
Lease: Negotiable
Monthly Rent: $$20.00 PSF + $4.43 CAM
Inside Sq. Ft. 1200 (Adjacent site can be added bringing total to 2400 Square Feet)
Outside Sq. Ft.
Price:$0
City:Johns Creek

Cyndi Weinbaum
 

 Location, Location, Location! This Sports Bar for sale serves up beer and bar food!  Desirable location for buyers looking for a busy area. Inside and outside seating can serve up revenue for a new owner!

Listing ID:5323 Restaurant Broker Steve Weinbaum    
 
Sports Bar For Sale in the Kennesaw, Ackworth, Dallas area of Georgia
Lease: Negotiable - 9 months remain on current lease
Monthly Rent: $6580
Inside Sq. Ft. 4470
Outside Sq. Ft. 500
Price:$199,000


Steve Weinbaum
(770) 714-4552

 Austin Texas made our list with this make your own or take it now concept.  This high demand area has an open and operating restaurant for sale location that can seat 90 happy customers.  Fill up the seats and have a money making machine!         

Listing ID:5317 Restaurant Broker Dave Duce    
New Pho Restaurant for Sale in Austin Offered by the Restaurant Brokers
Lease: Expires 2026
Monthly Rent: $6200
Inside Sq. Ft. 2442
Outside Sq. Ft.
Price:$160,000
City:Austin

Dave Duce
(512) 773-5272

 Looking to generate a nice living from day one? This location has buyers wanting to know how they can earn SIX figures in Gwinnett County. This tasty listing won’t last long!

Listing ID:5321 Restaurant Broker Cyndi Weinbaum    
Italian Restaurant for Sale in Gwinnett County GA - Highly Profitable
Lease: 4 years left with 2 5 year options
Monthly Rent: $5259 with CAMS
Inside Sq. Ft. 3226
Outside Sq. Ft.
Price:$475,000


Cyndi Weinbaum
 

Looking for a restaurant for rent space to completely make your own? This location has a great rate and buyers are lining up to find out what the need to make their restaurants dreams come true.

Listing ID:5186 Restaurant Broker Cyndi Weinbaum    
2nd Generation 1850 Sq. Ft Restaurant Space for Lease in Norcross!
Lease: Negotiable
Monthly Rent: $1800
Inside Sq. Ft. 1850
Outside Sq. Ft. N/A
Price:$0
City:Norcross

Cyndi Weinbaum
 

Low Rent equals BIG savings and more money in your pocket. This equipped restaurant for lease location in hot Inman Park area features ridiculously low rent for the Altanta Metor.  Great Opportunity to keep a low overhead while making your own concept for under $50,000. 

Listing ID:5193 Restaurant Broker Steve Weinbaum    
Inman Park Atlanta Restaurant For Sale - $1000 per Month Rent!
Lease: 3 years with 2+ years remaining
Monthly Rent: $$1000 plus $1400 annual property taxes
Inside Sq. Ft. 1000
Outside Sq. Ft. n/a
Price:$49,990
City:Atlanta

Steve Weinbaum
(770) 714-4552

Spring is warming up the air and the buyers are keeping the top 10 listings HOT!  Small business confidence is booming and buyers are tired of sitting on the sidelines. 

 

Ready to take a look at some of the latest offerings?  Click this link for the latest listings online.

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Topics: buying a restaurant, selling a restaurant

Restaurant Sales -- March Brings Green to the Industry's Bottom Line

Posted by Robin Gagnon on Mar 17, 2017 12:50:29 PM

Sales may have slipped nationwide in February but restaurant owners are hopeful for a March turnaround. National reporting on sales and traffic indicated a very tough February.  Same-store sales fell 3.7 percent in February, with traffic declining 5.0 percent.  What contributed to the decline?  A few items including weather and shifts in the holiday timing of Valentine’s Day and President’s Day, plus delayed tax refunds by the IRS could be factors, based on feedback the restaurants brokers are hearing. 

st-paddys-day-2049043_1920.jpgValentine’s Day sales can spread across an entire weekend and are especially good when the date falls on either Thursday, Friday or Saturday.  For 2016, Valentine’s was on Monday, close enough to the weekend that Friday and Saturday reservations along with Sundays were all strong.  Moving to 2017, the event was on Tuesday, one of the slowest traffic days for restaurants.  Couple that with many restaurants closed on Monday (that would have opened last year for the holiday) and you just didn’t see the lift in February sales you would normally see for the event.

Another contributor to a slow February is the delay of roughly 40 million tax refunds.  The IRS held onto refunds for filings with Earned Income Tax Credits this year.  In prior years, over 30 million families received refunds in late January which would have contributed to February sales.

That’s the bad news. What’s the good news?  March is here!  St. Patrick’s Day kicks off on a Friday this year versus a Thursday last year.  With all the alcohol and food associated with St. Paddy’s Day, coupled with March Madness (basketball tournaments), we are anticipating a strong March.  Couple that with the late tax refunds hitting in March not February, upticks in consumer optimism and reports of more jobs being created in almost every sector and March could be a banner month for restaurant sales. 

For St. Patrick’s Day, the alcohol sales are unmatched.  Green beer is on the menu at many pubs and restaurants.  Guinness alone will rack in a 13 million pints consumed for the St. Paddy’s holiday which we believe will straddle the entire weekend.  With a pint costing an average of $6 that is 78 billion dollars added to the food and beverage business for the holiday. 

People all over celebrate this holiday with eating, drinking, parades and even some cities dye their entire rivers green. With the first St. Patrick’s day celebrated since 1903 it has grown to a holiday that can help the restaurants rack in their pots of gold.

Most restaurants will be serving up traditional Irish meals with a selection of corn beef and cabbage, cabbage soup, or good olé meat and potatoes. What lead us to these tasty dishes on this holiday? The potato became such a staple in the Irish diet when a terrible potato plague struck the crops in 1845, 1846 and 1847, the impact was catastrophic. Traditional corned beef and cabbage became known as thousands immigrated to the America during the potato famine, most landed in New York City. They joined other immigrants from Europe in the tenements of lower Manhattan. Here their neighbors mostly came from Eastern Europe and an important food in their diets was corned beef. It was cheap sided with plentiful amounts of cabbage and potatoes

 The Irish, many of whom had seldom been able to afford meat were introduced to this nourishing and tasty dish. They adopted it as their own and the celebration of St. Patrick’s Day with an ideal time to indulge in this ingenious combination of flavors and textures. Today more than 26 billion pounds of beef and two billion pounds are produced in the US each year. With the dish having an average price of $10 per plate that is lots of added profit to any restaurant.

The only caveat to all this good news for March is that Easter timing also moves.  While this will have limited impact for fast casual, pubs and other sectors, traditional restaurants that serve as “Special Occasion” locations may see the impact as March volume shifts to April.

The restaurant brokers don’t have a crystal ball but we’re hoping this Saint Patrick’s Day brings a lot of green to our clients and drives restaurant sales to new heights.  After a tough February, it’s time for a little pot of gold for the industry.

Want to see the latest listings by the restaurant brokers?  Follow this link to see our restaurants for sale. 

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Topics: buying a restaurant

We Sell Restaurants Expands into the State of Minnesota

Posted by Robin Gagnon on Mar 14, 2017 2:02:38 PM

We Sell Restaurants Expands to Minnesota

We Sell Restaurants, the restaurant brokerage franchise selling more restaurants than anyone else nationwide, annouSt Louis.jpgnces their newest franchisee in the Twin Cities Market. Scott Ruby, a licensed real estate agent in Minnesota, has purchased the rights to represent We Sell Restaurants in the area.  The Minnesota location is scheduled to open in April 2017.

This new location marks the 10th franchise unit for the restaurant brokerage brand which began offering franchise units in 2012.  Scott Ruby, the latest franchisee is a graduate of University of South Dakota.  Scott is married to Molly Ruby who is also a licensed real estate agent, and they are the proud parents of three thriving children.

Eric Gagnon, President of We Sell Restaurants, say of the expansion, “We have had tremendous demand from the Twin Cities market for a local franchisee.  We have listed and sold several million dollars in restaurants over the past few years in this market.  Expanding with a local office allows us to provide a superior customer experience for those buying and selling restaurants.”

Scott has extensive expertise in both sales, operations and business management.  He will open his new We Sell Restaurants office with the mission to provide exceptional, unparalleled service to our clients.  

Robin Gagnon, co-founder of the brand says, “Scott is the ideal candidate for our restaurant brokerage brand.  He is focused on reaching his goals, through efficiency, focus on the market as well as client demand, and through application of his fantastic interpersonal skills. He has a dedication for providing uncompromised customer service which makes every transaction he manages seamless and stress free.”

Scott will undergo one of the most thorough training programs in the nation for business brokerage before embarking on his new role.  He will undergo testing before being awarded the title of Certified Restaurant Broker, a distinction held by only a few individuals nationwide. 

Restaurant buyers and sellers in the Minneapolis / St Paul market can expect to hear from Scott starting in April 2017 as the marketing kicks off in the area. Scott looks forward to working with the local restaurateurs, franchisees and potential buyers as they buy and sell restaurants

Topics: buying a restaurant, selling a restaurant