Should I Sell My Restaurant Business?

The end of an era?

Maybe you’re ready to move on to the next chapter of your life. Maybe you want to cash out. Whatever the reason you’re considering selling your restaurant, you should take the time to evaluate your finances and to consider your options. Talk to your loved ones, and ask them for their advice. This isn’t an easy decision.

If you do decide to sell, the restaurant brokers at National Restaurant Properties can help, taking the hassle out of the process. Our website streamlines the process of buying and selling restaurants.

Here is a (non-exhaustive) list of reasons people decide to sell their restaurant. Perhaps this will help you decide whether to sell your restaurant business. (more…)

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Do I Have Enough Money to Buy a Restaurant?

Should you buy a restaurant? To some people, the answer is always, no. Too risky. They cite statistics saying that 9 out of 10 restaurants fail in the first year.

In reality, a study found that the actual failure rate is 17% for startups, 2% better than the other service-providing startups. (Others found a higher rate of 26%). Restaurants also last a median of 4.5 years.

While that’s a lot less than the 9 out of 10 statistic people commonly cite, those numbers are still high enough to give pause. Before you buy a restaurant you should take the time to consider your finances. Beyond just, “does this restaurant have good food,” you should ask, “Do I have enough money to afford this restaurant?” (more…)

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Downtown Greenville Restaurant & Bar – Unbelievably Low Rent

In the land of escalating rents, this downtown restaurant & bar has a lease through 2026 that is about $20PSF less than the downtown average. That’s right … the current rent on this place is under $13PSF in a market that is fetching close to $40PSF up and down Main Street. That equates to roughly $50,000 per year of bottom-line advantage that you can have over the entire downtown Greenville market. And this is a prime spot in the downtown Greenville market! (more…)

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Thinking About Selling? Plan Properly

There are numerous reasons that restaurant owners may decide to sell their business: retirement, burn-out and divorce are among them. But regardless, the owner must plan the sale properly or face major disappointment. “Grooming” a business to sale can mean the difference between selling at a considerable loss OR receiving a solid sales price for the restaurant. Too often, sellers are too busy with day-to-day house operations of the restaurant to take the basic steps necessary to put the facility in a saleable condition. (more…)

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Welcome To Our New Website

Welcome to our new website! We’ve been working hard to make our site more user friendly for buyers, sellers, and people just wanting to know more about what we do. We want to thank everyone for their patience throughout this long process. In addition to our customers and clients we would like to thank all of our franchisees for your continued support and input on the site–without you this wouldn’t be possible. (more…)

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Buyer’s Checklist

Checklists are handy prompts that keep us on track and make sure we don’t miss important appointments or neglect significant tasks. Buying a restaurant is a complicated process – and one of the most important decisions you’ll ever make – so a checklist to guide you through the process is a good idea.

And, we can help you structure that checklist. We know the myriad details involved in purchasing a food-service business. The following is a small sample of items that should be on a buying checklist: (more…)

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Q: What can I do to help sell my restaurant?

Q: What can I do to help sell my restaurant?

A: You can cooperate fully with us and with any other professionals involved in the transaction. A buyer will want up-to-date financial information; you or your accountant must make current information available. If you decide to use your own attorney for the closing, be sure the firm is familiar with the business closing process, understands the real estate laws in your state, and can participate in the closing on short notice. (more…)

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Q: What happens after you identify a buyer for my business?

Q: What happens after you identify a buyer for my business?

A: When we find an interested buyer, we’ll prepare an offer or proposal for your consideration. There may be one or more contingencies in a proposal, such as reviews of financial records, lease arrangements, franchise agreements (if applicable), and other pertinent business details. Most offers have pluses and minuses. (more…)

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