Advice for Buying a Restaurant and Selling a Restaurant

Selling Your Restaurant…Beyond the Numbers

Posted by Steve Weinbaum on Apr 27, 2017 10:24:45 AM

The Restaurant Brokers at We Sell Restaurants work with hundreds of restaurant owners every year.  The number one question we are asked is: “What is my business worth?”  This is a math problem and easy enough to solve.  What may be less obvious are the other items included in the transaction. 

Our advice to anyone who is thinking about selling their Franchised or owner-operated restaurant is to make sure all your information is accurate and up-to-date.

We’re not just referring to the obvious…the dreaded Profit and Loss statement.  Restaurants are primarily valued based on the sales and cash flow they generate. The better and more verifiable the numbers…the greater your ability to maximize the value of your restaurant.  That’s only part of the equation however. 

Many owners focus exclusively on financials and fail to make sure they are up to date and accurate when it goes beyond the numbers.  Case in point:  leases and equipment lists.   Sometimes the line between assets – also known as the FF&E or Furniture, Fixtures, and Equipment and leases are blurred, especially if the landlord owns part of the equipment.Twitter Image Template-3.jpg

Here are a few stories from the Restaurant Broker’s files to give you real life examples of what happens once we bring a buyer to the table.  This is AFTER we had a restaurant in contract and past due diligence.

Scenario 1:  Seller Doesn’t Own the Assets

In scenario 1, a restaurant owner listed their business for $59,000.  He was new to the business, had been open less than a year, but was starting to show some decent sales figures and turning a small profit.

An offer of $55,000 was received and agreed to.  The transaction progressed through due diligence and then the lease assignment process began.

The landlord informed the restaurant broker that he owned all the equipment and was letting the current owner use it.  Needless to say the seller should have never included assets he did not own as part of the sale.  The Buyer and Seller had to renegotiate the transaction for half of the originally agreed to price.  The seller only had goodwill to sell.

Scenario 2:  Seller Doesn’t Have a Lease in Place

In scenario 2, a bar owner listed his business for $250,000.  He had a great location at a below-market rent.  The seller had informed the broker and buyer he had five years left on his lease which was correct, according to the lease document. 

The value of the furniture, fixtures and equipment combined with the great location and lease rate generated an offer north of $200,000.  But when the buyer’s restaurant broker started the lease assignment process, he was informed by the landlord that the seller had failed to exercise his option to renew so he was effectively on a month to month lease. 

While the buyer was ready to overpay for assets, the landlord saw the opportunity to jack up the rates and the new rent would be 50% higher than what the buyer was expecting.   What happened???  Needless to say, the deal went south in a hurry.

The take-away here is that when you want to sell your restaurant, get all your ducks in a row.  Not just your P&L, which is still the most important part.   Go through your lease so you know exactly how much time you have left on it and what the assignment criteria is.  Confirm when your option must be exercised if you are anywhere near the end of your initial term.  For most landlords, they require that you give written notice anywhere from 90 to 180 days PRIOR to the end of the first term. If you skip this step, your lease is not assignable and there are no rates for the option years.

Lastly, when you provide an asset list, make sure it is current and accurate.  Don’t list items that are leased (like the dishwasher) or that you don’t own (like the Coke and Tea Machine) or items that are owned the landlord that you did not install.

When you get your restaurant under contract, the rubber meets the road.  The last thing you want as a seller is for the buyer’s offer to be based on inaccurate information.  These details will kill your deal and the opportunity to sell your restaurant.

Do you want a review of your lease or equipment list?  Contact Certified Restaurant Broker Steve Weinbaum for his expert advice on selling a restaurant or check out our restaurant for sale listings online at the link below.

 

Check Available Listings

 

 

Topics: selling a restaurant

Selling a Restaurant? 5 Pieces of Advice to get to “Sold”

Posted by Robin Gagnon on Apr 21, 2017 9:13:11 AM

Selling a restaurant can be easier than you think if you follow these five pieces of advice.   

Establish Trust with Your Restaurant Broker

It is critical when selling a restaurant to establish a relationship of trust between you and your restaurant broker.  The relationship between the Broker and Seller must be one of complete honesty.  We heavily advocate the “No Surprises” policy.  Pull out all the dirty laundry and make sure your broker is aware of every liability.  You may think you’re the only restaurant with a liquor license citation, a tax lien in the hundreds of thousands, a sexual harassment lawsuit by the waitresshandshake-2056023_960_720.jpges or back rent of $35,000 but trust us when we say, the experienced restaurant broker has seen it all before. 

You’ve hired his or her knowledge because they know how to work through the issues, resolve them and keep this deal managed through to the closing table.  The worst mistake you can make as a seller is to hide anything from the broker.  The only thing he can’t deal with is something he’s not aware of.  Remember, no surprises.   

Establish a Communication Strategy

Secondly, make sure you ask the broker how they  communicate with you.  Some brokers have highly standardized systems that enter Buyer notes and automatically send you an email when someone communicates with the broker on your listing.  Our system does that.  Others simply call when there’s significant activity.  Still other brokers aren’t great at communicating the status of the listing at all. If you want ongoing updates and that’s important to you, set the expectation with your broker early.  If you only want to hear from him when he’s got a deal, share that too.  Brokers that specialize in the restaurant business know the hours.  They don’t call anyone at 8am since they know you work late nights.  They also don’t call you between 11:30 and 1:30 if you operate a lunch business.  They never call you at the restaurant since they don’t want to open up a confidentiality issue or if they do, they leave a message using their first name only. Tell your broker what you want to hear and when you want to know.  

Understand the Listing Agreement

The relationship between a seller and his broker is formalized through a listing agreement. This is a contractual obligation.  Make sure there are no misunderstandings about what you are selling and who is authorized to sign so that offers move quickly to the closing table. 

Have all of the partners consent and sign a corporate resolution to sell before signing the listing agreement.  This protects you when offers come in and one partner changes their mind or another is in Brazil for two weeks without email.  Sign and get a corporate seal on a document that says, the corporate officers met and agreed to sell the business by a vote taken this day.  Give one partner the authority to sign on behalf of everyone else.  When the partners are a husband and wife, this step is sometimes unnecessary.  If there are several partners in the business, the broker may require the resolution along with signature on the listing agreement. The broker will have a copy of this form and a copy is included in the appendix.

Check Your Legal Status

Make sure you understand who is selling the business.  The listing agreement must be signed by the legal entity that owns the business assets for sale (and the one on the liquor license).  Therefore, the legal name of the selling business is always used on the contract.  Another step you should take as a seller is to verify the status of your corporation.   Go online at the Secretary of State website for your state and make sure that the officers listed in the state website are correct and that all filings are up to date.  Failing to do this at the onset will cause problems down the road when a contract is written.

Relax and let the Restaurant Broker Work

Once the listing is in place, keep the business in the best possible shape.  Make sure sales stay flat or are increasing (never in decline).  Look at the business with a critical eye and go ahead and call in the cleaners and make minor repairs to freshen up the store.  Most of all, concentrate on what you do best – operating a business and let the restaurant broker focus on bringing a buyer to the table.

Follow these basics on how to sell a restaurant and you’ll go from a restaurant for sale to a restaurant sold without a hitch.

Looking for the restaurants we've sold?  Check out our restaurant seller testimonials from other restaurant sellers at this link.

Topics: selling a restaurant

Donato's Pizza Franchise SOLD in Huntsville Alabama by the Restaurant Brokers

Posted by Robin Gagnon on Apr 13, 2017 6:13:16 PM

Business transactions are up!  According to a national report by BizBuySell, Small Business Transactions jumped 29% in the first quarter of 2017. We Sell Restaurants contributed to that trend with many transactions including a Donato's Pizza Franchise in Huntsville, Alabama, sold by Certified Restaurant Broker Steve Weinbaum. 

pizza-435930_1280.jpgDonatos Pizza is a pizza delivery restaurant chain headquartered in Columbus, Ohio.  The brand has nearly 200 locations in eight states and helped to serve up many of the 5.5 billion pizzas sold last year.  The buyer,  James Weinberger is a local Alabama resident who has already attended the training and taken over operations.  He will be spending time as a hands on owner/operator in the store.  

This local unit sold by the restaurant brokers has been operating since 1999 and is well known in the Huntsville, Alabama market.  The store, located at 7500 Memorial Parkway S in Huntsville has four-star customer reviews on Google.  Huntsville is the fourth-largest city in Alabama and the 2013 Census placed the population just short of 700,000. 

In its home market of Columbus, Donatos commands a 35 percent market share in the pizza segment. Donatos is on the cutting edge of customer knowledge, market intelligence and digital service. With average restaurant sales over $1M per year, Donatos is one of the strongest financial performers in the pizza segment.  The Donatos Pizza concept started as a family owned chain before being acquired by McDonalds in 1999. The founding family reacquired Donatos from McDonalds in 2003.

 

 

The seller, Ben Wheeler, has been running the franchise location for over a decade and was excited to turn the reins over to the new buyer.   Delivering up quality and great service to hungry pizza consumer has it rewards, but Mr. Wheeler decided to take another path.  He contacted We Sell Restaurants to list his pizza franchise for sale in September of 2016 and the Restaurant Brokers found a buyer, negotiated the transfer process with the brand and closed on the transaction just 132 days later.   It took just 16 buyers working closely with We Sell Restaurants, before the deal was in contract and headed to the closing table. 

 

The legacy franchise pizza restaurant for sale was sold as an open and operating location in its 2600 square foot space that was fully equipped. The transfer includes the remaining term of the franchise agreement and additional option years to renew. 

If you're lookcing for a franchise pizza business for sale like this opportunity, our listngs coast to coast can be found online at this link which includes a number of pizza business for sale alternatives.

Ready to sell your restaurant?  Give us a call at 1 888 814 8226 or follow this link and we'll get back to you quicklky with a free valuation on your restaurant for sale.  

 

 

Topics: selling 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.

 

bull show final.png

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.

 Check Available Listings

Ready to Sell? We have buyers ready!

Free Restaurant Valuation

Topics: buying a restaurant, selling 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

Restaurant Broker Steve Weinbaum Selling Restaurants

Posted by Robin Gagnon on Mar 10, 2017 10:00:00 AM

We Sell Restaurants announces the sale of two stores in the same week by Certified Restaurant Broker Steve Weinbaum.  The Dutch Oven in Hillsville Virginia and Donato’s Pizza in Huntsville, Alabama both changed hands last week.

The Donato’s pizza restaurant is a franchise concept that attracted a lot of attention from restuarant buyers.  It was on the market just 132 days from listing to closing, a very short period of time considering the transfer of the franchise, creation of a new lease and training occurred during that time period.  The listing was very popular but went into contract after only 16 buyers signed a confidentiality agreement on the location and began working with the restaurant brokers.

The Donato’s buyer is James Weinberger, the principle in My Piece of the Pie, LLC.  After undergoing training as a franchisee, he plans to make few SOLD 1.jpgchanges to the store backed by 50+ years of experience and 154 units.  The seller, Ben Wheeler of BDS Investment will be focusing on other business ventures.  Both the Buyer and the Seller had very positive things to say about Stebve and We Sell Restaurants.  His follow-trhough, profesional experience, and attention to details, made the transaction easy.

The second sale of the week for Weinbaum was a charming Breakfast and Lunch restaurant in Hillsville Virginia called the Dutch Oven.  The location, around an hour outside Winston Salem North Carolina was a hit with buyers that wanted a great lifestyle business.  Open for only breakfast and lunch, this iconic location with a small time feel is now in the hands of James Brown, a local resident of the area.  The seller, decided to focus on other business ventures and listed with We Sell Restaurants which placed the business in contract just three months after the listing agreement was signed.

We Sell Restaurants, a unique restaurant brokerage franchise dedicated to selling more restaurants than anyone else has had a very strong start to the 2017 year. 

Eric Gagnon, President of We Sell Restaurants said of Steve’s transactions, “It is always rewarding to see our team members start the year so strongly.  We are predicting record turnover this year based on the quick start to the year and small business optimism which is measured higher than at any time since 1984.”

We Sell Restaurants is the nation’s largest restaurant brokerage firm.  The company began franchising in 2012 in response to strong industry demand. The firm applies a branded systemic process and proprietary web platform to a previously highly fractured industry of sole practitioners. We Sell Restaurants continues to increase the number of SOLD restaurants in keeping with their vision to sell more restaurants than anyone else. 

More information about the brand selling more restaurants than anyone else can be found online at this link. 

 

Topics: selling a restaurant

Top Ten Restaurants for Sale in February 2017 by the Restaurant Brokers

Posted by Robin Gagnon on Mar 3, 2017 5:48:31 PM

 

Listing ID:5269 Restaurant Broker Ken Eisenband    
Restaurant for Sale in Hollywood - Owner is Retiring
Lease: Expires July 31, 2017 with options to be negotiated
Monthly Rent: $2650
Inside Sq. Ft. 1650
Outside Sq. Ft. 120
Price:$79,000
City:Hollywood

Ken Eisenband
(561) 350-3365

Buyers love to see their options and show their creativity with a blank open ready to lease space! This restuarant space for lease space in Johns Creek is a manageble size in a highly desired area. This location is ready for your new restaurant.  

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
 

Coming in at number three on the most popular restaurant for sale listings this location features one of the most desired trends in Atlanta, Hookah!  On the market for less than 2 weeks and this listing is already making the top 10 list! This restuarant for sale is on fire! Bring your offers to Restaurant Broker Steve Weinbaum. 

Listing ID:5275 Restaurant Broker Steve Weinbaum    
Bar for Sale in the Heart of Downtown Roswell - Profitable
Lease: 2 Years + 5 Year option
Monthly Rent: $3000
Inside Sq. Ft. 4000
Outside Sq. Ft. 225
Price:$249,000
City:Roswell

Steve Weinbaum
(770) 714-4552

South Florida makes it back on top with this restaurant for sale by Ken Eisenband.  This listing comes with a great Florida location and a popular Italian concept. Newly built out in Palm County -- you can keep the current concept or you create your own.

Listing ID:5254 Restaurant Broker Ken Eisenband    
West Boca Raton Restaurant for Sale is Searching for New Owner
Lease: Expires December 31, 2020 plus five year option
Monthly Rent: $3000
Inside Sq. Ft. 900
Outside Sq. Ft. 100
Price:$150,000
City:Boca Raton

Ken Eisenband
(561) 350-3365

Sunshine and Sushi! That is what this Broward County, Florida restaurant for sale listing offers. Profitable as it stands or make it your own with the excellent demographics. Fully equipped and ready to go, this location  will soon have one less fish in the sea.

Listing ID:5087 Restaurant Broker Ken Eisenband    
Profitable Restaurant for Sale in Tamarac Can Easily Convert to Any Concept
Lease: Expires April 14, 2020
Monthly Rent: $2037.50
Inside Sq. Ft. 1200
Outside Sq. Ft. 0
Price:$49,000
City:Tamarac

Ken Eisenband
(561) 350-3365

Before you know it Cino De Mayo will be here and what a better way to celebrate than with a SIX figure earnings from a  Mexican Restaurant for sale located in Houston, Texas.  This listing has been on the market a very short period of time and we have competing offers in play.  

Listing ID:5258 Restaurant Broker Steve Weinbaum    
Mexcian Restaurant For Sale in Houston Texas Delivers 6 Figure Earnings
Lease: 6 Months plus 3 year option
Monthly Rent: $9300
Inside Sq. Ft. 3960
Outside Sq. Ft. 1500 / 1200 covered
Price:$299,000
City:Houston

Steve Weinbaum
(770) 714-4552

Looking for small town living in a big state? This cafe for sale in Colorado comes with a farm to fork concept that keeps locals and tourists visiting. The compact simple menu keeps costs down and allows for more earnings by the owner.  Contact restaurant broker Bob Steinberger to learn more about this opportunity today. 

Listing ID:5016 Restaurant Broker Bob Steinberger    
 'Farm-2-Fork' cafe' for Sale in Colorado!
Lease: 4 years remaining plus 2 year option same terms
Monthly Rent: $900
Inside Sq. Ft. 1400
Outside Sq. Ft. 600
Price:$49,000


Bob Steinberger
(303) 901-4938

It's no wonder this Bar and Grill for sale in Atlanta keeps buyer clicking for more! This location offers their client base fun events that keeps earning high! Earnings over SIX figures this location will surely be gone soon!

Listing ID:5153 Restaurant Broker Robin Gagnon    
Bar and Grill for Sale in Atlanta - Own Your Own Version of Cheers!
Lease: Valid through September 30, 2020
Monthly Rent: $9225
Inside Sq. Ft. 6000
Outside Sq. Ft.
Price:$295,000
City:Lawrenceville

Robin Gagnon
(404) 800-6701

This cafe for sale is gourmet in menu and benefits! Located in Pompano Beach , Florida, super great rent is under $1800 per month.  This profitable restaurant business for sale is forecast to exceed $80,000 in earnings!  

Listing ID:5271 Restaurant Broker Ken Eisenband    
Sandwich Shop for Sale - Profitable Gourmet location in Pompano Beach
Lease: Expires September 9, 2019, plus five year option
Monthly Rent: $1746
Inside Sq. Ft. 900
Outside Sq. Ft. 300
Price:$150,000
City:Pompano Beach

Ken Eisenband
(561) 350-3365

Located in one of the most desired locations in Cobb County, Georgia this Hot Concept franchise for sale has buyers ready to find out everything! This Franchise for sale opportunity in booming Kennesaw Georgia is priced at a steal!  It's only $75,000 and sure to roll off the market with a buyer soon!

Listing ID:5303 Restaurant Broker Robin Gagnon    
Franchise for Sale in Booming Kennesaw - Cobb County - Georgia
Lease: 2 years remaining plus a 5 year option to renew
Monthly Rent: $1900.00
Inside Sq. Ft. 1000
Outside Sq. Ft.
Price:$75,000
City:Kennesaw

Robin Gagnon
(404) 800-6700

The month of February is know to be the month of love. Our buyers sure loved the opportunity to find out more about these top 10 restaurant for sale listings. These business opportunities are from all parts of the country which shows buyers are everywhere! D

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

Check Available Listings

Ready to Sell? We have buyers ready!

Free Restaurant Valuation

Topics: buying restaurant, sell a restaurant, selling a restaurant, buy a restaurant

Latest Franchise Restaurant Sales and Deals Announced by the Industry

Posted by Robin Gagnon on Mar 1, 2017 10:15:22 AM

Franchising continues to grow and much of this is fueled by restaurants.  The IFA (International Franchise Association) recently reported that they expect Arizona, Utah, Nevada, Colorado and Florida to be the largest growth states this year.  Does that play out in actual openings?  We looked high and low for the latest franchise restaurants opening around the country from published reports and here's what we found by region.   Looks like the IFA may be onto something!  They did leave Georgia off the list where we're are seeing business pop.  Restaurant Broker Robin Gagnon noted that "Franchise deals are moving quickly along with the entire market right now."  Here's the latest franchise restaurant sales and deals we found by region. 

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Southern Bound Brands!  

Halal Guys opened January 28 in red-and-yellow building on the corner of Chamblee Tucker Road and Buford Highway in Chamblee in Atlanta, GA.

Two Huddle House restaurants are opening.  The first in Jackson is planned this year while the second one in Forsyth, Georgia, is scheduled to open in 2018.The Jackson location will be Huddle House's 100th restaurant open and under development in Georgia

Atlanta-based GPS Hospitality, a rapidly growing franchisee group, said it will expand into five new states with the acquisition of 194 Burger King restaurants.  The stores are located in Louisiana, Mississippi, Alabama, Arkansas and Florida. Approimatley  30-40 stores each year going forward are going to be getting a remodel.

MOD Pizza announces its ninth franchise partner – Southern Pie, LLC – who will develop MOD stores in Georgia and Alabama. MOD has over 195 locations in 20 states including Arizona, California, Colorado, Idaho, Illinois, Kansas, Kentucky, Maryland, Michigan, Missouri, New Jersey, North Carolina, Ohio, Oregon, Pennsylvania, South Carolina, Texas, Virginia, Washington and Wisconsin, as well as five locations in the UK.

An existing franchisee of Tropical Smoothie Cafe - Glen Johnson has inked a deal for 20 more stores in Texas.  He has already opened the first one -- Lubbock.  Johnson is the president of Rockland Ventures.  He currently has 22 open locations in Arkansas, Oklahoma and Texas. 

Uncle Maddio's Pizza signed Linda Zamboni, the former director of operations, franchise consultant and franchisee for McDonald's to open five units of the fast-casual pizza chain in the St. Petersburg/Clearwater area of Florida over the next five years. 

Sonny's BBQ sold nine of its 10 company-owned locations. Six of the stores are in the Orlando area and three in Gainesville.

Cheddar's Scratch Kitchen has acquired 44 restaurants. Franchised units involved are in Kentucky, Tennessee, West Virginia, Ohio, Indiana, North Carolina and Virginia. Cheddar's, which now owns 139 of its 164 locations

Little Rock, Arkansas is in the news again.  This time, Potbelly Sandwich Shop is opening a store there this spring. 

Jacqueline Mansfield of Miami, Florida has signed an 18 unit development deal with CoreLife Eatery.  Mansfield plans to open at least three CoreLife restaurants this year, the first to open in May in Florence, Kentucky. The next unit will be in The Summit at Fritz Farm, a premier retail facility located in Lexington. The third to open will be in Centerville, Ohio, a suburb of Dayton, in front of the new Costco. 

Western Bound

Despite the high costs of development often cited by these restaurant brokers, California continues to attract those opening new franchise restaurants.  Broken Yolk Café, a breakfast and lunch concept with large portions, is slated to open the second quarter of 2017 in the city of Corona.  Del Tacos just opened in Clovis and Fresno, California and fast-casual seafood concept Slapfish finalized a franchise agreement to build five locations in the San Diego area.

In other western states, franchise restaurants are opening.  Phoenix's Pizza LLC are opening the first full-service Godfather's Pizza, in South Jordan, Utah, 17-miles south of downtown Salt Lake City. This is the first restaurant in the couple's multi-unit franchise agreement with the pizza chain.

Arizona-based, Grabbagreen® is opened a second location in the Denver Metro area on Friday, January 20.  .

Forget the U.S. -- these are International deals recently announced.  

Yogurtland, announced its continuing international expansion with the opening of its first location in Singapore.  Hooters just announced the opening of a new international location in Managua, Nicaragua.   The Pie Hole is launching its first international franchise location in Tokyo. The Tokyo store is located just steps from the busiest train station in the world, Shinkjuku station in LUMINE Shinjuku. This is the first Pie Hole unit of 10 slated for Japan.  

Boston's Restaurant & Sports Bar is heading south of the border with an eight-unit deal in Mexico. The new locations will join the 13 existing Boston's in Mexico, and will be owned by seasoned hospitality group Desarrollos Juventud. The group is targeting areas of Torreón, Saltillo, Tijuana, Mexicali, Hermosillo, León, San Luis Potosi and Aguascalientes for restaurant development.

Topics: buying a restaurant, selling a restaurant

We Sell Restaurants Broward County Selling Restaurants

Posted by Robin Gagnon on Feb 21, 2017 11:13:45 AM

46576-Ken_Eisenband.jpgWe Sell Restaurants, a unique restaurant brokerage franchise dedicated to selling more restaurants than anyone else, announces their latest success in the Broward County market. The new 2017 year is off to a great start and the Restaurant Brokers of Broward County have set the future bar high with five SOLD restaurants.

“We continue to move forward and increase the number of restaurants sold. Growth is always a positive no matter what time of year it is,” says Franchise Partner, Ken Eisenband. He acted as the buyer and seller agent in three transactions including Boca Raton’s Fresh Bites Café.  This café has been serving the community since 2011 and was owned by the seller since 2013. The growth of the fresh menu attracted new clients as well as a satisfied new owner Selen Balca. The Seller has great things to say indicating Ken was “Professional and hard-working” providing “diligent service.”

For the sale of Sunshine Bagel and Bistro located in Pompano Beach, Florida, Ken Eisenband acted as agent for both the buyer and seller. This restaurant was sold in less than 100 days.  The buyer Levent Topcuoglu is taking over from seller Alessandro Bove.  Both are ready to start their new careers.

Located in Pampano Beach, Topher’s Table was only on the market for 42 days before Certified Restaurant Broker Ken Esienband was able to help seller Chris Frank with a sale.  The buyer Jason Jiang plans a change of concept at this location. 

Broward County Franchise Agent and Certified Restaurant Broker Ken Allain sold two different Pizza Rustica locations in the month of January.  This two stores were sold to separate buyers.   Pizza Rustica in Fort Lauderdale Florida, an award winning gourmet pizza franchise was sold to Olga Cherkasova.  The Hollywood Florida location was sold to August Bifani.   

Eric Gagnon, President of the We Sell Restaurants brand said of Ken’s success.  “We are very excited to see so many units changing hands in Broward County under the leadership of our franchisee in that market. We believe 2017 overall will be a very strong year for the sale of restaurants as more small business owners show optimism about the economy and the stock market is at record highs.”

We Sell Restaurants is the nation’s largest restaurant brokerage firm.  The company began franchising in 2012 in response to strong industry demand. The firm applies a branded systemic process and proprietary web platform to a previously highly fractured industry of sole practitioners. We Sell Restaurants continues to increase the number of SOLD restaurants in keeping with their vision to sell more restaurants than anyone else. 

More information about the brandingselling more restaurants than anyone else can be found online at this link. 

Topics: selling a restaurant