Advice for Buying a Restaurant and 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. 

Franchise Deals.jpg

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

Restaurant Sales in a Trump Economy -- What's the Impact?

Posted by Robin Gagnon on Feb 16, 2017 8:24:51 AM

The new White House is making a number of changes that affect the restaurant industry.  What will this mean to restaurant sales?  Here are key areas where the restaurant brokers see impact for the industry.   

President Trump2.jpgNew Labor Secretary was In and now he's Out

If you haven't been living under a rock, you've heard that Andy Puzder, the CEO of CKE Restaurants was nominated to the Trump cabinet as Labor Secretary.  As of yesterday, that nomination was withdrawn.  That's a shame since having someone from the industry was seen as a win for those of us in the restaurant business.   

At a recent apeparance at the Restaurant Finance & Development Conference Puzder told the crowd, “We have a government-mandated restaurant recession."  He went on to say, “The government did not intend this result. But it shows what happens when government tries to manipulate the economy. You cannot mandate the benefits of economic growth without actual growth.”

The overall concensus from the industry was that his nomination was a powerful one and most were cheering the decision to bring him onto the cabinet.  Now we'll take a "wait and see" approach to see what background the next nominee has and hope that will bring good news for restaurant sales.  There are several "hot button" restaurant issues in the pipeline for this administration including:  joint employer issues for franchisors, minimum wage laws and of course, Obamacare. 

Supreme Court Pick 

President Donald Trump recently nominated Judge Neil Gorsuch to fill the vacant seat on the U.S. Supreme Court.  If approved, Gorsuch, who has served on the U.S. Court of Appeals for the 10th Circuit since 2006, would replace Justice Antonin Scalia, who died in February 2016.  

The nomination was applauded by the National Restaurant Association, which recently asked the Supreme Court to hear a challenge to existing laws that prevent cooks and dishwashers from sharing in tip pools. 

Angelo Amador, executive director of the NRA’s Restaurant Law Center, described Gorsuch as “an experienced and knowledgeable judge who had extensive bipartisan support when he was confirmed to the 10th Circuit unanimously. We look forward to again having a full bench in the U.S. Supreme Court to decide cases of critical importance to our industry and the economy in general.”

Hospitality attorneys see the choice of Gorsuch, if confirmed by the Senate, as generally positive for employers. Since this pick is pending approval by the House and Senate, we'll sit back and see if he's able to make it through an increasingly divided Washington.

Corporate Tax Rate

All signs point to reduced corporate taxes under President Trump.  If he keeps his word on this promise, which was reiterated last week, we could be looking at serious growth in bottom lines for corporations which are mostly, small businesses like your local restaurant owner.  The stock market has moved into uncharted territories on the strength of this committment from the commander in chief.  With more money in the pockets of Americans, we are sure to see higher restaurant sales.

Immigration

Those fighting the new administration and its resolve to protect the borders are trying to bring the fight direct to the restaurant scene.  Today there is a nationwide "sick out" called for with illegals failing to come to work aimed at closing the doors of restaurants.  There are several celebrity chefs who are voluntarily shuttering today in solidarity (Rick Bayless for example).  This hot button issue seems to have reached a fevered pitch for a President most Americans elected based on a law and order approach.  The complextities of this one and its ultimate affect on restaurant sales is yet to be seen.

Obamacare

President Trump has already advised the IRS not to levy the Obama Care imposed $2500 fines against those filing 2016 returns that don't include health insurance.  The Congress will be addressing a repeal (according to some) or a revision (according to others). Either way, the industry is in critical need of a new look at legislation that brought tremendous new costs onto their books and into the households of most Americans over the course of its implementation. 

Small Business Optimism

Optimism on Main Street has soared in the President Trump's election.  The National Federation of Independent Business' survey said small-business sentiment for December hit its highest level since 2004.  That was an increase of 7.4 points in December to 105.8, up from November's 98.4. That was the largest month-over-month index change since it began in 1986.

How will the same index look today?  That's an unknown with President Trump facing an intrangient Democratic party and collusion among some long time government employees and hold-overs from the Obama administration.  Let's hope the good news from this report continues since members' perceptions were that business conditions would improve and that accounted for 48 percent of the month's increase.

What about restaurant sales?  The same survey said sales expectations also increased by 20 percentage points, as did the percentage of owners who believe now is a good time to expand, which is up 12 points.  The National Restaurant Association also reported optimism in December's Restaurant Performance Index. The industry expanded in December, albeit at a slower rate than in November. The association said that the index, a monthly measure of the state of the industry, closed out 2016 at 100.5, down slightly from 100.7 in November.  The association considers the industry to be in expansion mode when the index reaches above 100.

Operators are also “cautiously optimistic” about business conditions, with 33 percent saying they expect conditions to improve in the next six months. Only 15 percent expect conditions to worsen.

Restaurant Sales

What will restaurant sales look like under a Trump economy?  We have to see how much of his agenda is actually permitted to proceed and if he can truly get through the impasse being created in Washington.  It's clear that America sent him to Washington to make changes to the status quo.  At only three weeks in office (really just three weeks?), heads are spinning from his attempt to move forward on an aggressive agenda that includes all these points affecting restaurant sales.

All of these items will have implications for buying and selling a restaurant but if January and early February are any indication, the number of buyers in the market ready to get into the business are hitting record numbers and transaction counts for restaurants sold will hit record heights.  The restaurant brokers are setting new records with transactions for this year more than 65% ahead of last year.

Topics: buying a restaurant, selling a restaurant

Valentine Love Translates to Restaurant Sales - Where are You Dining?

Posted by Robin Gagnon on Feb 14, 2017 7:19:00 AM

 

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More than half of all Americans (54.8%) plan to celebrate Valentine's Day this year and they will rack up an amazing $19.8 Billion (with a B!!) dollars in spending according to the National Retail Federation.  It's no wonder that restaurant sales will also see a sweet amount of business that day! 

It's the second most popular holiday for dining out behind Mother's Day.  Who doesn't think of Valentine's Day as a candlelit dinner event?  The National Restaurant Association estimates that roughly 25% of us will dine out on Valentine's Day and I can assure you these restaurant brokers will be part of the crowd.   

When choosing a Valentine's gift, it looks like food is truly the way to a man or woman's heart.  Forget the age old claim that diamonds are a girl's best friend.  When the National Restaurant Association surveyed individuals to ask what their love interest should give them for Valentines, nearly a third of those surveyed by the National Restaurant Association said they want restaurant gift card.  That was followed by the traditional standbys -- jewelry, cloths, flowers, chocolate and perfume.  

Where's everyone eating?  Remember, the restaurant brokers said it's all about the candlelight dinner and those surveyed agree.  They told the National Restaurant Association they want pick their companion’s favorite restaurant follwed by 20% who choose a restaurant for a romantic atmosphere.  

Valentine's is not a holiday where promotions are top of mind.  Those responding to this national survey say their last choice is a restaurant offering special menus or promotions, restaurants picked by their companion, or a restaurant they haven’t been to before.

Each city has their own best Valentine's Day dining options.  If you want to check out what the experts are saying, Gayot has produced a city by city peek at the best Restuarants for Valentine's Day at this link and they are listed by city.  In Atlanta, where We Sell Restaurants launched their brand, we see a lot of our favorites on the list.  Gayot begins with Babette's Cafe at 573 N. Highland Ave, NE in Midtown.  Cafe Alsace in Decatur (121 E. Ponce de Leon Ave.) is second on the list.  La Grotta at Peachtree House Condominium (2637 Peachtree Rd. NE) also makes the list.  Intimate dining for romance-bent couples or small groups of friends are both possible in the former Quinones at Bacchanalia space at Star Provision (1198 Howell Mill Rd. NW) on the westside makes the cut along with Ray's on the River at 6700 Powers Ferry Rd. NW.  Ray's will also top the best brunch choices for Mother's Day and the restaurant brokers have enjoyed this one many times. The last restaurant in the Gayot top ten best restaurants for Valentine's Day is Restaurant Eugene at 2277 Peachtree Rd. NE.  What's your favorite romantic restaurant?  

As a restaurant owner how do you prepare for the busy holiday? It all starts with planning. Plan early with your team and brainstorm ideas. Established timeline and schedules that will have everyone on tract for the second busiest day of the year. Along with planning comes communication. They only way a team can be well prepared is to be looped in to what the plans are. Set expectations up to and including the busy day. Menu prep is another hard decision that needs to be made. Are there select dishes, special pricing, limited availability? As part of the planning make sure that add to the calendar when a food order should be placed for any special holiday items. Of course don't forget to market your holiday specials. Valentine's Day tends to be busy a week up to the actual day with approximately 30% more guest. Most people tend to plan last minute for Valentine's Day so focusing on a shorter marketing strategy can pay off big.

You may accommodate to those that have been there time and time again. Sell a gift card for a future romantic visit. Have those once a year specials could draw new or repeat clients in. If everything is planned, prepped, announced and marketed correctly the results can be a restaurant earning of 3 times.

 

Topics: selling a restaurant