---
title: Best Restaurant in August 2020
description: The Best Restaurants in August 2020.
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# BUYING A RESTAURANT
[Read More](https://blog.wesellrestaurants.com/updated-guide-to-buying-a-restaurant)
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# SELLING A RESTAURANT
[Read More](https://blog.wesellrestaurants.com/download-our-essential-guide-to-selling-your-restaurant)
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# LEASING A RESTAURANT
[Read More](https://blog.wesellrestaurants.com/restaurant-broker-guide-to-leasing-a-restaurant-0)
# Best Restaurant in August 2020
Posted by [Robin Gagnon](https://blog.wesellrestaurants.com/author/robin-gagnon) on Sep 8, 2020 10:26:59 AM
As Labor Day ends, we are looking back at August, a traditionally robust time for selling restaurants to gauge the best restaurants for sale on the market as measured by our customer calls, clicks and interactions at [We Sell Restaurants.](https://www.wesellrestaurants.com/index.php)
Buyers are out in force as we saw traffic continue to remain above last year's levels. The most popular restaurants were consistent with the trend that the [Restaurant Brokers](https://www.wesellrestaurants.com/restaurantbrokers.php) have been seeing since the onset of COVID-19.
Two levels of listings are getting the most activity currently: those with the highest earnings and highest price points and those at the lower end of the spectrum. The ones that are in the middle, essentially, one-man owner operator type listings are moving more slowly than a year ago.
The reasoning for this activity, in this [Restaurant Broker's ](https://www.wesellrestaurants.com/restaurant-broker-profile.php?fname=Robin&lname=Gagnon)opinion is that those in the market for high price listings are essentially unaffected financially by the virus. Their earnings or investments are in the same status as prior to the virus and they are seeking the best restaurants producing cash flow to improve their financial position.
On the other end of the spectrum, seven of the best restaurants for sale this month, or 70% that generated most of the clicks, calls and outreach to our [Certified Restaurant Brokers](https://blog.wesellrestaurants.com/selling-a-restaurant-10-things-a-restaurant-broker-does-to-get-to-closing) were priced under the $100,000 mark. These are being sought by opportunistic buyers who will purchase at lower price points now. They plan to improve and reopen the businesses at higher performance levels in the future.
Those listings in the "middle" of this spectrum would typically be acquired by those seeking a job. However, due to layoffs in the industry leading to unemployment benefits and enhanced unemployment benefits, these buyers are sidelined as they collect checks from home.
We Sell Restaurants expects these buyers to strongly re-enter the market when they have exhausted all unemployment benefits, creating a subsequent boom in middle pricing levels - from $150,000 to $250,000. These listings typically producing earnings in the $50,000 to $85,000 range, an income that would support a family head of household moving from a General Manager into a role as an owner operator.
These mid-priced listings are also affected by the temporary slowdown in [SBA lending](https://blog.wesellrestaurants.com/buying-a-restaurant-with-sba-lending-what-the-lender-needs) as most banks are overwhelmed and working to finalize a tremendous pipeline of deals that must close by the end of September in order to qualify for the free six months of principle and interest payments allowed under the CARES Act. This is causing many lenders to literally put the brakes on any deals under the $300,000 mark as it is more lucrative for them to fund the larger deals.
Here is the list of the best restaurants for sale this month with closing thoughts at the end.
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| Listing ID:7733 Restaurant Broker Ken Eisenband Fast Casual Restaurant for Sale in Boca Raton - Ready for New Owner Lease: Expires February 28, 2028 Monthly Rent: $6300, Inside Sq. Ft. 2027, Outside Sq. Ft. Price:$49,000 City:Boca Raton Ken Eisenband (561) 350-3365 Listing ID:7685 Restaurant Broker Bob Steinberger Profitable Coffee Shop & Deli for Sale in Mountains! Lease: 2 years left and 3 - 3 year options Monthly Rent: $2778, Inside Sq. Ft. 1600, Outside Sq. Ft. Over 1000 Price:$75,000 Bob Steinberger (303) 901-4938 Listing ID:7755 Restaurant Broker Bob Steinberger Profitable Cafe for Sale in Great Colorado Springs Neighborhood! Lease: Expired January 31, 2023 Monthly Rent: $2921, Inside Sq. Ft. 1440, Outside Sq. Ft. 0 Price:$29,000 City:Colorado Springs Bob Steinberger (303) 901-4938 Listing ID:7241 Restaurant Broker Justin Scotto 3 Unit Breakfast Franchises for sale - Producing over $3,285,000 in Sales!! Lease: 10 year lease Monthly Rent: $12213,8686,7182, Inside Sq. Ft. 3400,3453,2900, Outside Sq. Ft. Price:$1,149,000 City:Charlotte Justin Scotto (704) 609-4460 Listing ID:7110 Restaurant Broker Justin Scotto Brand New Pizza Restaurant For Sale! Asset Sale Will Go Fast ! Lease: 5 Year Term Monthly Rent: $7861--- Inside Sq. Ft. 2800--- Outside Sq. Ft. Price:$39,000 City:Charlotte Justin Scotto (704) 609-4460 Listing ID:7483 Restaurant Broker Justin Scotto Charlotte Area Restaurant Available With Real Estate Lease: zero Monthly Rent: $zero, Inside Sq. Ft. 1512, Outside Sq. Ft. Price:$434,000 City:Belmont Justin Scotto (704) 609-4460 Listing ID:7746 Restaurant Broker Ken Eisenband Bakery for Sale in Palm Beach County, Florida – Retail and Wholesale Lease: Negotiable with landlord Monthly Rent: $2629, Inside Sq. Ft. 1300, Outside Sq. Ft. 100 Price:$49,000 City:Lantana Ken Eisenband (561) 350-3365 Listing ID:7772 Restaurant Broker Robin Gagnon Taco Franchise for Sale in Metro Atlanta Area with $675,000 in sales Lease: Expires 2027 Monthly Rent: $7700, Inside Sq. Ft. 1999, Outside Sq. Ft. Price:$110,000 City:Chamblee Robin Gagnon (404) 513-5378 Listing ID:7779 Restaurant Broker Ken Eisenband Fully Equipped Restaurant Space for Lease in Jupiter, FL - Great Location Lease: Negotiable with landlord Monthly Rent: $6925, Inside Sq. Ft. 1400, Outside Sq. Ft. 150 Price:TBD City:Jupiter Ken Eisenband (561) 350-3365 Listing ID:7437 Restaurant Broker Justin Scotto Pizza Restaurant and Bar for Sale- Asset Sale- Popular Shopping Center Lease: 2 Monthly Rent: $12260, Inside Sq. Ft. 4000, Outside Sq. Ft. Price:$99,000 City:Charlotte Justin Scotto (704) 609-4460 |
In conclusion, these top ten restaurants for sale in August of 2020 show that buyers are still active in the market and interested in restaurants for sale. We anticipate a strong selling season ahead as more deals move from interested to in contract and ultimately sold.
For a look at all our [restaurant for sale listings](https://www.wesellrestaurants.com/listings.php), please visit our website. [www.wesellrestaurants.com](https://www.wesellrestaurants.com/)
**Robin Gagnon, Certified Restaurant Broker®, MBA, CBI, CFE** is the co-founder of We Sell Restaurants and industry expert in restaurant sales and valuation. Named by Nation’s Restaurant News as one of the “Most Influential Suppliers and Vendors” to the restaurant industry, her articles and expertise appear nationwide in QSR Magazine, Franchising World, Forbes, Yahoo Finance, and BizBuySell. She is the co-author of Appetite for Acquisition, an award-winning book on buying restaurants.
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Topics: [Buying a Restaurant](https://blog.wesellrestaurants.com/topic/buying-a-restaurant)
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- [Restaurants for Sale (104)](https://blog.wesellrestaurants.com/topic/restaurants-for-sale)
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