Advice for Buying a Restaurant and Selling a Restaurant

Why Restaurants Fail - a Restaurant Broker's Perspective

Posted by Robin Gagnon on Apr 12, 2018 9:38:51 AM

As a Restaurant Broker dealing with dozens of franchise resale opportunities every single day, I am often asked why restaurants fail.  Here are the candid and all too real answers about why restaurants fail. They can be summed up in three ways.  

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Reason Number One - "If you build it, they will come" is not a business model, it's a movie. 

Restaurants fail because grown men and women believe that "if you build it, they will come." That single line from the movie Field of Dreams is the number one reason we see those operating great franchise brands failing in the market.  The operator believes it's enough to open the door, put up the sign and sit back and wait for the business to happen.  

They refuse to acknowledge that the business world has expanded far beyond the four walls of the store and now requires the active pursuit of customers.  They do not want to take a hard look at their catering line and decide they have to invest to develop this all important way to add top line sales and ultimately, bottom line profit. They don’t want to acknowledge that people would rather stay home than dine out and fail to sign up for delivery services.  Lastly, they believe that investment in the brand name of the franchise is enough.

Restaurants fail because owners believe that a franchise brand is their lifeline and a guaranteed path to success.  It is not.  The brand is the starting point for developing the business. It's up to the business owner to grasp that fact and grow the business. 

Reason Number Two:  Restaurant Ownership Is a Hands-On Business 

The second reason why restaurants fail is that owners in countless other fields see the business model as one they can operate on an absentee basis.  In most cases, this is just not a viable option.  Many restaurant buyers contact me and insist they can operate while pulling down a full time job or from many miles away or even from out of state. 

A restaurant buyer last month made an offer on a business in Florida while he and his wife lived in Missouri.  He did not reveal, until very late in negotiations with the seller, that he intended to stay in Missouri for two more years.  He seemed incredulous that the franchise brand would not approve him to operate a brand from hundreds of miles away.  His plan was to give the current manager a minority stake in the business and let him keep running it. 

Is a minority stake for managers a good idea?  Absolutely.  This can lock in front line people to contribute their best and stay in place.  It is not, however, a guarantee that manager will not leave, not like the new owner, fall in love with someone moving out of state or continue to run the business well, knowing the owner is thousands of miles away. 

Most franchise brands require an ownership stake in the operations of the business.  They want to see a family member with equity in the business at the helm if you're not running it.  Otherwise, if you want to operate as an absentee owner, get ready to add your business to the list of restaurants that fail.

Reason Number Three:  Failure to Grasp the Basics -- It's the Numbers

The third reason restaurants fail, in this restaurant broker's opinion, is an underlying failure to understand the three key financial variables required to manage for success:  food cost, labor cost and occupancy cost.  These three items drive the lion's share of the monthly profit and loss statement.  Food costs and labor costs have to be closely managed on a day to day basis (refer back to Reason Number Two in why restaurants fail).  Now you see why absentee ownership is a bad idea. 

Food costs mean managing the portion size to exactly what is laid out in the brand requirements.  It also means control over ordering.  Your inventory ages and when it ages, it results in waste.  Control over food costs mean managing what goes out the front door and what ends up in the dumpster at the back door.  This and labor cost, are the single most important variables to control 

In today’s high tech world, failure to exercise control over labor is just inexcusable.  It is very easy to see in advance the number of meals that have to be prepared.  Any POS system is going to tell you what you did for a Tuesday at lunch last year, last week, last month and yesterday.  Absent any unforeseen event like weather, tourist influx or natural disaster, any owner should be able to plan the schedule and labor correctly to maximize results and minimize costs.  For that reason, failure to grasp this basic and control it within acceptable financial reasons contributes, along with food costs into why restaurants fail.

The last large variable in costs are the occupancy costs and this is the rent number.  Once that number is determined, it’s very difficult to change.  Getting the cost right up front and not inflating sales estimates are the only way to keep from getting into an occupancy cost over 10% which starts highly impacting profitability.  There is generally no way to renegotiate a lease mid-stream.  Landlords have you locked in with personal guarantee.  You will have to sell yourself out of this problem by getting the top line sales results up.

Overall, there are many reasons why restaurants fail.  In this restaurant broker’s experience, however, the three above are the main reasons we see otherwise successful opportunities take a turn for the worse.

Looking for franchise resale opportunitities  Visit us online at wesellrestaurants.com or follow the link below to view our listings.

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Topics: Restaurant Brokers

Restaurant Brokers Analyze Top Ten Restaurant Brands

Posted by Robin Gagnon on Mar 21, 2018 9:58:17 AM

The Ten Most Valuable Restaurant Brands Report is Published. The Restaurant Brokers at We Sell Restaurant Review and in some cases, challenge the findings

Brand Finance has released their annual report on the world’s most valuable restaurants brands. The restaurant brokers are sharing their views on the top ten as reported by the group with our own insight. The full report can be downloaded at this link.

Brand Finance, the authors of the report, established their index over twenty years ago, in 1996. They state that their findings “put thousands of the world’s biggest brands to the test every year, evaluating which are the strongest and most valuable.”

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Do you agree with their assessment of the best brands? They view brand strength on a series of intangible measure relative to competitors. The criteria for making the list include metrics important to understand if you’re buying a restaurant. The Brand Value component is made up:

Enterprise Value – the value of the entire enterprise, made up of multiple branded businesses. Multi-unit brands like Yum go to the top of this category.

Branded Business Value – Defined by the group as the “value of a single branded business operating under the subject brand.” This is a key metric if you’re buying an existing franchise for sale like many of those offered by the restaurant brokers.

Brand Contribution – This is defined as the overall uplift in shareholder value that the business derives from owning the brand rather than operating a generic brand. Again, this is the difference between owning an independent restaurant for sale versus an existing franchise for sale unit.

What are the top ten most valuable brands? Here they are ranked in order by Brand Finance.

  1. Starbucks
  2. McDonalds
  3. Subway
  4. KFC
  5. Tim Hortons
  6. Domino’s
  7. Burger King
  8. Pizza Hut
  9. Dunkin Donuts
  10. Chipotle

Do the restaurant brokers agree with these rankings? While we don’t have access to the underlying data points and we do concede that it is a robust methodology. However, these restaurant brokers would challenge a few rankings based on what we are seeing in the industry.

For example, Subway retained the same rank on this list from 2017 to 2018. This is despite a number of issues we are seeing on the streets which include year over year sales declines at the unit level. This is due to increased competitive pressure in the fast casual world. In addition, the franchisee issues and actions taken in 2017, in these restaurant broker’s opinions, should have affected the overall brand measure. For Subway, we disagree with a number three rank, unchanged from the prior year.

For similar reasons, we struggle with the ranking for Chipotle. The chain has been plagued with a series of missteps and shut downs for reasons integral to their entire business model – their “clean” supply chain. For this reason, in a study of a brand where intangibles are part of the measure, we feel this should have moved them out of the top ten instead of having them retain the prior year performance.

Other overall observations from the restaurant brokers on this list include a notable exception of any of the brands pushing a clean eating or healthy lifestyle. Despite all the media push to make us believe that these concepts are winners, the brands on this list are deep fried basics or fat laden comfort food providers like KFC, Tim Hortons and of course, everyone’s guilty pleasure, pizza.

Should it impact your perspective in buying a restaurant? From a restaurant broker’s standpoint, many of these brands do not often come onto the market so this does support the study’s “best of” findings. Outside of Subway, most of these are only available for new development with existing franchises for sale being bought and sold internally among existing franchisees.

The desire to rank restaurant brands is a never ending pursuit, particularly with so many individuals interested in buying a restaurant. The restaurant brokers recommend you heed this advice like any other and weigh it against all other information when buying a restaurant. Whether a brand is “ranked” #2 or #3 by another survey is not a true measure of a single store operating in your market. It is one of the data points to consider along with store performance, location, and your overall customer experience with the brand.

For more information on existing franchise restaurants for sale, visit this link at wesellrestaurants.com

Topics: Restaurant Brokers

Restaurant Brokers Report on the IFA Meeting & Franchise Opportunity 

Posted by Robin Gagnon on Feb 28, 2018 10:51:44 AM

The existing franchise restaurant for sale market continues to grow as the business model shows strength in unit growth, output and employment. As Restaurant Brokers, we focus on this sector due to the strong buyer interest and turnover in existing franchise restaurants for sale.  

The newest data from IFA (International Franchise Association) Economic Outlook Survey confirms the overall health of the franchise market.  What’s fueling the results?  The overall feedback is that current tax reform and regulatory relief coming out of the White House is driving stronger franchise growth.  That has spiked optimism and confidence among franchise businesses.  IHS Economics prepared the findings and the project many of the franchise sector’s 2018 economic contributions.  They anticipate growth in units and employment, increases to the GDP which include the following:

  • Franchise establishments are expected to grow an additional 1.9 percent in 2018 to 759,000.
  • Franchise employment is projected to grow 3.7 percent, continuing to outpace the rest of the economy.
  • The gross domestic product (GDP) of the franchise sector is forecast to exceed U.S. GPD growth and increase by 6.1 percent to $451 billion. The franchise sector will contribute approximately 3 percent of U.S. GDP in nominal dollars. 
  • Franchise business output is expected to increase by 6.2 percent to $757 billion.
  • Franchise Personal Services experienced strong growth over the past year and is expected to rank first in growth of the number of establishments and in employment in 2018. 

Do these numbers ring true to the restaurant brokers?  You bet!  We just returned from the International Franchise Association convention in Phoenix.  Here are some of the key takeaways from this meeting.

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Don Fox, CEO of Firehouse Subs told an audience at the Leadership Development Conference that, “Growth is not an option.”  We agree.  This sage advice for all unit and franchisor operators lets you know that if a brand ceases to grow, it will soon cease to exist.

From the main stage and in breakout sessions, there was renewed excitement about business conditions.  The relaxation of the regulation feeding from D.C. and the pro-business government, coupled with tax cuts had more than one operator excited about the future.

The relationship between a franchisee and franchisor is a symbiotic one.  Neither can grow without the other and both reflect benefit from working together.  It appears to us that many brands are working to realign themselves with their franchisees to make sure this relationship is protected, especially in the face of some ugly franchise disputes that were made public this year like the one with Subway franchisees.

Lastly, we once again saw brands focusing on the use of technology for not only operations and management, but expanding into other portions of the business to provide a superior customer experience.

As we continue our focus on existing franchise restaurants for sale, we’ll keep you posted on this sector, it’s challenges and the overall opportunity.

To see our existing franchise restaurants for sale, visit the link below. 

 

Restaurants for Sale

Topics: Restaurant Brokers

The Restaurant Brokers Reflect on a Year of Giving Back in 2017.

Posted by Robin Gagnon on Jan 3, 2018 12:28:15 PM

1-4319039364397.jpgNothing feels as good as being able to lend a hand to those in need and give back to the causes that we hold near and dear to our hearts. We Sell Restaurants has welcomed 2018 with open arms and are excited to see what this new year brings. We are also taking some time to reflect on how the We Sell Restaurants charitable foundation was able to support causes important to us in 2017.  

In October the Restaurant Brokers rolled up their sleeves and lent their hands to the Atlanta Community Food Bank. Our team sorted and packed food for those less fortunate throughout the Atlanta Metro. The Atlanta Community Food Bank receives donations to the tune of more than 60 million pounds of food per year. In addition to volunteering our man hours, the We Sell Restaurants Charitable Foundation gave $1,500 to this all important cause.

The next organization that we gave to in 2017 gave us so much as well – man’s best friend! Adopt a Golden Atlanta has rescued nearly 4,000 dogs since its inception and is the fourth largest Golden Retriever rescue in the United States. This organization takes in Golden Retrievers and performs any necessary medical procedures and behavior training, and finally adopts these loving dogs out to their forever homes. We contributed $2,500 to Adopt a Golden Atlanta, and the average cost for this organization to rescue and rehome one dog is nearly $2,000! Did we mention that the We Sell Restaurants office dog, Major came from this organization? We couldn’t have asked for a better dog from a better cause!

The Honor Foundation’s focus is to provide professional advancement education for United States Special Operations members and Navy SEALs during their service and after they have served. This is a highly selective organization that the Restaurant Brokers proudly donated $5,000 to during 2017. Not limiting our giving to the armed forces, we also donated to first responders - The Firehouse Subs Public Safety Foundation. This foundation uses a portion of all subs purchased at their locations across the country to provide lifesaving equipment to first responders. Since its inception this foundation has given more than $31 million to support these heroes!

Who doesn’t love a good PB&J?  The Restaurant Brokers surely do, and that’s why our Foundation also send $3500 to the Which Wich Project PB&J last year. Not familiar with this cause? It’s a great concept! Purchase a PB&J and enjoy it yourself or gift it to someone else. For each PB&J you purchase, Which Wich donates one to an organization that provides meals to those less fortunate, and keeps one in a “bank.” Those that are “banked” are then prepared and donated around the world during times of need, such as natural disasters. What an awesome concept!

Not only to the Restaurant Brokers facilitate the buying and selling of franchise restaurants for sale, we also franchise our brand! We are proud members of the International Franchise Association. The International Franchise Association put a huge focus on this past November’s Giving Tuesday, and the Restaurant Brokers didn’t miss a beat! The We Sell Restaurants Charitable Foundation matched gifts on Giving Tuesday that went towards supporting veterans, minorities, and the next generation of franchise partners!

Our corporate headquarters is in beautiful Flagler Beach, Florida. Located centrally between historic St. Augustine and the world-famous Daytona Beach, the six mile stretch of beach provides unmatched views of the Atlantic Ocean. The Restaurant Brokers gave back to their local community with a donation to the Flagler Educational Foundation, a non-profit dedicated to collecting donations and generating awareness to education within the community. This foundation provides a plethora of resources to the community including teacher grants, clothing to students and their families in times of need, and inspiration for young authors to write and publish their creations!

What a great year for giving 2017 was! We can’t wait to see how and where we give back in 2018. Do you have a favorite place to volunteer or cause that you don’t miss donating to each year? Share them with us in the comments, and never stop asking yourself what you can do to make the world and your community a better place through giving!

Topics: Restaurant Brokers

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: Restaurant Brokers

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 Brokers

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

Skip Cooking This Thanksgiving - The Restaurant Brokers Share Restaurant Chains Open for the Holiday!

Posted by Robin Gagnon on Nov 22, 2017 10:00:00 AM

Our friends at Restaurant News did it again!  Here's the list of the restaurant chains open for Thanksgiving this year.  Making a home-cooked meal for Thanksgiving is how some families spend the day but a surprising number of people prefer to skip the preparation, cleanup, and house full of relatives.  Instead, they opt for a chef who works their magic and a server team to handle the legwork!  An added benefit to dining out, you can avoid all those pesky leftovers and seconds that are bound to sabotage your diet plans when a restaurants whisks in a meal and then clears it away in the same sitting. 

The Restaurant Brokers have been on both sides of the fence.  We've been the recipients of a fabulous home cooked meal, we've been the ones cooking the turkey and we've dine out.  What's the best experience?  It depends on your own unique situation.  More and more families are gathering together but opting for dining out.  We can't blame those who want to leave the cooking to specialists.  Especially not after reviewing this list of fantastic chain restaurants who are staying open to make your Thanksgiving meal an unforgettable one!

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According the research performed by the National Restaurant Association, this year nine percent of American’s will be eating their Thanksgiving dinner at a dining establishment instead of in the comfort of their own or someone else’s home. That’s a three percent increase from 2011.

If you’re one of the millions of American’s who are eating their Thanksgiving dinner out this year, check out the following list of chains who are staying open to roast your bird, bake your ham, and plate up your mashed potatoes and gravy so that you can be thankful you don’t have to lift a finger – except to pick up your fork and knife!.

Applebee’s – Not all Applebee’s restaurants will be open for Thanksgiving, but there will be many in select markets that are. Those that are staying open for the holiday will serve turkey, green beans, and mashed potatoes with gravy. Call your local Applebee’s to find out if they will be participating!

Boston Market – For $12.99 a person you can enjoy turkey breast or half of a chicken along with two side dishes, a roll and a slice of pie! For $34.99 enjoy the same items for three people!

Country Buffet – Country Buffet is where you go to get a meal just like what grandma made, and Thanksgiving dinner is no exception. From 11am-6pm guests can dine on numerous meats from the carving station, potatoes, juicy corn, and a selection of Thanksgiving pies.

Cracker Barrel Old Country Store – head to Cracker Barrel for a turkey dinner complete with a small portion of sugar-cured ham, delicious sweet potato casserole, your choice of a side and beverage for just $12.99 per adult and $7.99 per child.

Denny’s – Head into your favorite Denny’s for carved turkey breast, stuffing and even cranberry sauce.

Houlihan’sWhat an interesting concept this bar and restaurant chain has come up with this year – ‘Drinksgiving!’ After you finish meal with the family, head over to Houlihan’s and indulge in $2 beers, $3 wines, and $5 pitchers of Long Islands!

McCormick & Schmick’s Seafood & Steaks – For an upscale dining experience this Thanksgiving, head to McCormick & Schmick’s Seafood & Steaks for turkey dinner including butternut squash soup, cornbread stuffing, and apple squash casserole. This chain will also be featuring its regular menu all day long for anyone not wishing to have the traditional Thanksgiving turkey!

Romano’s Macaroni Grill – For $24.99 per person you can indulge in a three-course dinner including roast turkey, mashed potatoes, carrots with bacon, apple sausage stuffing and pumpkin pie.

Ruth’s Chris Steak House– Another upscale dining option for Thanksgiving is the famous Ruth’s Chris Steak House. The price is a bit steep, but it is well worth it! For $39.95 per adult and $12.95 per child, guests will enjoy gumbo or a house salad as a starter, and tender turkey with house-made gravy, stuffing, and more!

Ryan’s – If you’re looking for good old fashioned pecan pie this Thanksgiving, you’ll want to get to Ryan’s. Sure, you can get the traditional turkey dinner, but you can also get friend chicken, steak, shrimp, and meatloaf! Southern-inspired side dishes include collard greens, green beans and corn.

Shari’s – Head on into Shari’s for turkey or ham dinner for just $14.99. If you’d rather have something from the daily menu, all entrees are $5 off from 10:00PM Thanksgiving night until 10:00am Black Friday! Shari’s has 94 locations in the United States. For dessert, Shari’s is serving up its award-winning pumpkin pie!

Sizzler’s – From 11am through 10pm on Thanksgiving, guests will be treated to stuffed roasted turkey, potatoes, cranberry sauce and pumpkin pie. The price will vary at each location, so call ahead to the Sizzler’s closest to you for pricing and reservations!

The Dixie Cafe – Head on over to the Dixie Café for a traditional turkey for just $10.99 per person from 11am-5pm.

Waffle House – While they don’t have a special Thanksgiving menu, they will be open serving all of their signature items to the masses!

With all of these delicious options to choose from, we wouldn’t be surprised if some of us have a home-cooked meal for lunch, and head out for a second serving for dinner! Wherever you choose to dine this Thanksgiving, We Sell Restaurants wishes you a happy and healthy holiday with your friends and family. Enjoy!

Topics: Restaurant Brokers

We Sell Restaurants Aids those in Need at Atlanta Community Food Bank

Posted by Robin Gagnon on Nov 8, 2017 11:00:00 AM

Restaurant Brokers Eric and Robin Gagnon led their team and a volunteer group at the Atlanta Community Food Bank on Nov. 4 from 1 to 4 p.m. They were joined by others in the franchise community including representatives from Shane’s Rib Shack, Any Lab Test Now, Adfinitely and Loud & Clear PR. The initiative was part of the Women's Franchise Network effort to support Franchising Gives Back nationwide.

The We Sell Restaurants team and additional volunteers helped the non-profit organization inspect, sort and package nearly 15,000 pounds of food which in the words of the Food Bank representative, is, "enough to fill five Mini-Coopers." Their efforts will provide meals for more than 8,533 Georgians in need.

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In addition, We Sell Restaurants donated $1,500 to the Atlanta Community Food Bank as a matching gift for reaching a goal of 15 or more volunteers for the day. The funds were from the charitable trust foundation established by the Gagnons and We Sell Restaurants that will distribute more than $21,000 annually for the next ten years.

“We were thrilled to have our team members, their family, friends and those in franchising, spend their Saturday afternoon helping out our community. As we head into the holiday season, we are always mindful of those in need. The funds we provided will serve more than 6,000 meals," said Robin Gagnon, Co-Founder of We Sell Restaurants.

Eric Gagnon, President of We Sell Restaurants said, "We established our charitable trust in 2016 as a way to pay back the many blessings we've been provided. We are actively looking for charitable initiatives that can benefit from our time and funds and have made a matching donation program available to our franchisees and team members."

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The Atlanta Community Food Bank works with more than 600 nonprofit partners—including food pantries, community kitchens, childcare centers, night shelters and senior centers—to distribute over 60 million meals to more than 755,000 people in 29 counties across metro Atlanta and north Georgia.

The Atlanta Restaurant Brokers for We Sell Restaurants  turned out including Steve and Cyndi Weinbaum, along with their daughter.  Dominique Maddox also included his dauther in a day of giving back.  

We Sell Restaurants

We Sell Restaurants is the nation's largest restaurant brokerage firm, representing buyers and sellers in the sale of the restaurant businesses. The firm operates in 42 states across the country. We Sell Restaurants is franchising their concept nationwide.

Topics: Restaurant Brokers

Kudos to Restaurant Broker Bob Steinberger on closing the deal on another café for sale listing, Wild Sage Cafe!

Posted by Robin Gagnon on Oct 25, 2017 10:30:00 AM

Wild Sage Cafe, another We Sell Restaurants cafe for sale listing, SOLD in Greenwood Village, Colorado in record time thanks to the diligent efforts of Restaurant Broker Bob Steinberger. This listing was on the market for only 64 days and garnered the interest of 68 different potential buyers. What’s even more impressive than the record time on the market is that this café for sale sole for OVER the asking price!

When previous owner Michael Crater of Crater Investments, Inc. had to relocate, he know he could trust Restaurant Broker Bob Steinberger to sell his café for sale quickly. Now, what was one a café for sale, Wild Sage has been transformed into Crisp Café in th5264-Bob_Steinberger_Colorado.pnge Denver Technology Center. The business serves breakfast and lunch Monday through Friday. The interior of this café for sale was completely redone buy the buyer, Christina Richardson. Richardson also opened a kitchen downstairs where she will run her catering business.

This café for sale that has been rebranded is already getting rave reviews from the local community. One patron left an online review stating, “I had a breakfast burrito! SO YUMMY! It is really nice and clean. There is a lot of choices. Oh and did I mention the cappuccino....to die for!!! I will be back!” Menu items include piping hot coffee drinks, build your own sandwich, salad and pasta dishes, hot breakfast and lunch meals, and freshly baked breads and pastries.

Restaurant Broker Bob Steinberger had this advice to give to buyers looking for a small café for sale: had this to say of pizza restaurants for sale: “Have your plan together BEFORE you go looking. This listing received 50 interested buyers in the first week, and multiple parties made simultaneous offers. In the end the one that was accepted was the buyer who provided professional resumes, personal financial statements and a business plan WITH their offer. Their offer was accepted before others were even able to provide proof of funds. If you find the right deal you need to be able to act fast as the competition for these lower priced listings can be intense!”

Are you in the market for a café for sale? Click on the link to be taken to our café for sale listings across the country, and check out all of the listings We Sell Restaurants® has to offer here.

If you would like one of expert Restaurant Brokers to get your café for sale sold, give us a call at (888) 814-8226, or click here for a free valuation of your business.

Topics: Restaurant Brokers