Q: Why should I buy an existing restaurant instead of opening a new one?
A: Existing restaurants have track records; you can verify the need for the product or service in that particular location. Fiancial records and other information about the business are available. Most sellers will agree to train a new owner and many will provide financing. These last two considerations are important because finding someone to teach you the intricacies of running a restaurant – and is willing to finance the sale – can make the difference between success and failure.