What was the common denominator between the best restaurants for sale in November of 2020? The answer seems to be buyers who are seriously considering Florida as an opportunity. The climate, lack of individual income tax and a political environment with some of the fewest limitations on dining nationwide is making the Sunshine state a popular destination for restaurant buyers. Half of the most popular and best restaurants for sale offered by the Restaurant Brokers at We Sell Restaurants were in the Sunshine state.
Texas is also popular among our restaurant buyers with Katy, Lakeway and Waco all featuring strong restaurant for sale opportunities that resulted in the most clicks, calls, inquiries and interactions with our Certified Restaurant Brokers.
The restaurant for sale marketplace is very active and engaged. Despite the turmoil of 2020, the year will end with more transactions and higher selling prices than 2019 at We Sell Restaurants.
We see this as a leading indicator of the overall health of the industry. With the vaccine shipping within days and a stimulus package on the horizon, restaurant buyers are assessing opportunities and making offers on two ends of the spectrum. At the higher end, they are actively engaged for high performing locations that have done well with take out and delivery during COVID. At the low end, they see opportunities to relocate into areas with greater opportunity. They are ready to re-open businesses with great potential.
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