Atlanta Restaurant Market Improving and Reporting Strong Sales Results

Posted by Eric Gagnon on Sep 6, 2010 4:26:00 PM

Atlanta restaurant broker and Next Food Network Star Herb Mesa are live on Dishing with Donna - Atlanta's only radio show focused on food, wine and restaurants.

Live on the Dishing with Donna radio show, Atlanta's only radio show focused on food, wine and restaurants.  Atlanta Restaurant Broker Robin Gagnon is joined by Next Food Network Star Herb Mesa to discuss what's happening in the Atlanta restaurant market.  The good news is that multiple operators are reporting huge sales gains in the marketplace.  Once restaurant owner reported a sales increase of 37% over last August in his two midtown and vinings sandwich shop locations.  Another operator in Perimeter reported a sales gain of 24% in July and 28% in August.  A pizza shop owner also reported sales that are returning to 2008 levels. 

What's driving the strong results?  According to these Atlanta owners, everyone senses a change in the air with elections just around the corner.  What does is mean for the Atlanta restaurant buyer?  Sales are not a predictor of pricing in the market but top line sales delivered while operators have been getting leaner and leaner on the expense line will lead to bottom line profit.  That factors into the pricing of a restaurant.  Buyers should focus now on the opportunities because pricing may never be better and with strong results, we can see a rise in prices over the coming months (potentially fourth quarter). 

Robin also mentioned several opportunities in the market for restaurants for sale under the $99,000 mark.  These include a Carvel ice cream franchising netting the owner more than $41,000 that's on the market for $99,000.  A second new listing is a wing store in Lawrenceville, Georgia for sale at just $79,995.  In addition, We Sell Restaurants, Atlanta restaurant brokers just listed a country buffet nearby a college town that's on the market at the rock bottom price of $59,995.  These and other great deals on restaurants for sale can be found online at wesellrestaurants.com.

In addition, We Sell Restaurants announced on the show an alliance with a West Coast restaurant brokerage firm extending our available pool of listings to include California, Nevada, Washington State, and Arizona.

 




Topics: Restaurant Brokers

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