How is the restaurant for sale marketplace?  We Sell Restaurants weighs in on the best restaurants for sale.  We measure based on activity, calls to our Certified Restaurant Brokers and clicks online to gauge what our customers view as the best restaurants for sale.

What is all the activity reflecting?  Strong interest.  That's important since the number one question we receive today is whether restaurants are selling despite the events of 2020.  The short answer is yes.  We are seeing those buying a restaurant change their behaviors in significant ways but they are definitely making acquisitions.  Key behavior changes include:

Buyers are looking for lease space and low price listings at one side of the spectrum.  Twenty percent of the top ten were lease spaces and forty percent were priced under $50,000.

Buyers from Lock Down States are Shopping Florida, South Carolina, Texas and Georgia.  Restaurant buyers are starting to relocate, particularly chefs "locked down" and out of business in New York, Michigan and New Jersey.  They are looking south for tremendous savings on rent and opportunities to rebuild where restaurants are open for business.

Concepts with Alcohol remain Strong.  Forty percent of the top stores on our list fielding inquiries serve alcohol.  It could be that 2020 has led to all of us drinking more.  It may simply be that buyers see the allure of a liquor license as a powerful add-on.  No matter the reasons, alcohol is resonating with our clients.

High Price Listings are moving as well.  While not reflected in the top ten (there's only room for ten after all), there is incredibly strong activity on the high side of the market and for pizza restaurants.  Buyers are paying a premium for strong returns and most of the pizza restaurants for sale are snapped up and thus, won't show up in the list below as they are already in contract. 

Does the We Sell Restaurants data mirror the national scene?  We believe it is predictive of where the market is going.  We forecast strong opportunity ahead based on the announcement on the vaccine, pizza trending very high above last year and relocation from shut down states to those less restrictive.  Here's the best restaurants for sale in the month of October in order.

Listing ID:7804 Restaurant Broker Justin Scotto     Charlotte University Area Restaurant for Sale at Low Cost ! Lease: June 2023 Monthly Rent: $2000, Inside Sq. Ft. 1200, Outside Sq. Ft. Price:$49,000 City:Charlotte Justin Scotto (704) 609-4460   Listing ID:7771 Restaurant Broker Dave Duce     Established Cafe for sale in Austin, TX. Lease: expires September 2024 Monthly Rent: $4580, Inside Sq. Ft. 2090, Outside Sq. Ft. 70 Price:$69,000 City:Austin Dave Duce (512) 773-5272   Listing ID:7877 Restaurant Broker David Whitcomb     Bar for Sale-70 Tap Brew Pub with 1000 Sq. ft. Patio In Collier County Lease: expires December 31, 2024 Monthly Rent: $10000- Inside Sq. Ft. 3200- Outside Sq. Ft. Price:$150,000 City:Naples David Whitcomb (239) 300-5041   Listing ID:7810 Restaurant Broker Jeff Marcus     Rare Opportunity Restaurant for Sale Bar & Grill, Motivated Seller Lease: expires Aug., 2021 Monthly Rent: $TBD- Inside Sq. Ft. 4500- Outside Sq. Ft. Price:$89,000 City:Boulder Jeff Marcus (970) 373-8205   Listing ID:6062 Restaurant Broker Dave Duce     Established Neighborhood Bar for Sale near Austin! Lease: expires July 2024 Monthly Rent: $9864, Inside Sq. Ft. 3000, Outside Sq. Ft. Price:$95,000 City:Lakeway Dave Duce (512) 773-5272   Listing ID:7719 Restaurant Broker Robin Gagnon     Franchise Pizzeria for Sale in the Orlando Market with Beautiful Buildout Lease: 10 Year Monthly Rent: $10700, Inside Sq. Ft. 2800, Outside Sq. Ft. Price:$50,000 Robin Gagnon (404) 513-5378   Listing ID:7912 Restaurant Broker Ken Eisenband     Fully Equipped Restaurant Space for Lease in Coral Springs, Florida Lease: Negotiable with Landlord Monthly Rent: $4775, Inside Sq. Ft. 3000, Outside Sq. Ft. 0 Price:TBD City:Coral Springs Ken Eisenband (561) 350-3365   Listing ID:7857 Restaurant Broker Brittney Gates     Restaurant Space for Lease -1500 sqft with Drive thru in Volusia County Lease: TBD Monthly Rent: $2750.00, Inside Sq. Ft. 1500, Outside Sq. Ft. Price:TBD City:Daytona Beach Brittney Gates (386) 338-8348   Listing ID:6334 Restaurant Broker Bob Steinberger     Rare Opportunity - Sports Bar Franchise for Sale. 2 Locations and Room to Grow! Lease: 4 years left plus 5 year option & 6 years remaining Monthly Rent: $13458 Inside Sq. Ft. 6600 Outside Sq. Ft. 2500 Price:$1,199,000 Bob Steinberger (303) 901-4938   Listing ID:6826 Restaurant Broker Dave Duce     $15,000 - Time to Buy! Restaurant for Sale Change to Any Concept Lease: expires December 2021 + 5 year option Monthly Rent: $7200, Inside Sq. Ft. 1800, Outside Sq. Ft. 150 Price:$15,000 City:Austin Dave Duce (512) 773-5272

Want to know about the market?  Keep an eye on our blog where we update you on current affairs and keep you informed.

For a look at all our restaurant for sale listings, please visit our website. www.wesellrestaurants.com