A restaurant is a business that prepares and serves food and drinks to customers. Meals are generally served and eaten on the premises, but many restaurants also offer take-out and food delivery services. Restaurants vary greatly in appearance and offerings, including a wide variety of cuisines and service models ranging from inexpensive fast-food restaurants and cafeterias to mid-priced family restaurants, to high-priced luxury establishments. Various types of restaurant fall into several industry classifications based upon menu style, preparation methods and pricing. Additionally, how the food is served to the customer helps to determine the classification. Various types of restaurant fall into several industry classifications based upon menu style, preparation methods and pricing. Additionally, how the food is served to the customer helps to determine the classification.
Starting vs Buying a Restaurant Business for Sale
If you are interested in starting a small Restaurant business or company, buying established Restaurants FOR SALE, Sell Small Local Restaurant
or related online business for sale or an existing franchise for sale near you can be one of the best ways to start your own small restaurant business. It is fairly easy to start a business in current times but making it profitable and keeping it profitable is not easy and only a small percentage of startups stay in business beyond five years and only a few reach consistent profitability. There are several advantages in buying an established Restaurants related business or an existing franchise for sale with an established customer base when compared to starting a new Restaurant business and it may also be easier to obtain financing for a new startup, wherein the banker will want you to show assets and collateral along with a solid business plan, before even considering providing any financial assistance. This is no different than financing a vehicle or real estate with a small down payment rather than paying the full price but and the lender is happy to finance as long as the business is cash flow positive, instead of paying full amount but only in case of buying a business the amount is so large that most people do not have the money to make an upfront purchase and even if they do, most small and large businesses are financed via debt or equity financing.
A restaurant is a business that prepares and serves food and drinks to customers. Meals are generally served and eaten on the premises, but many restaurants also offer take-out and food delivery services. Restaurants vary greatly in appearance and offerings, including a wide variety of cuisines and service models ranging from inexpensive fast-food restaurants and cafeterias to mid-priced family restaurants, to high-priced luxury establishments. Various types of restaurant fall into several industry classifications based upon menu style, preparation methods and pricing. Additionally, how the food is served to the customer helps to determine the classification. Various types of restaurant fall into several industry classifications based upon menu style, preparation methods and pricing. Additionally, how the food is served to the customer helps to determine the classification.
It is well known that starting and running a profitable restaurant business is hard and often requires a lot of investment and experience in the food and restaurant industry. It is even harder for a new restaurant start-up with regards to initial investment or startup financing required to get the restaurant business up and running.
If interested, you may consider buying an established Restaurant Restaurants FOR SALE, Sell Small Local Restaurant Local Restaurant, Cafes, Restaurant for Sale by Owner, Small Restaurants, Vacant Restaurant, Bistro, Resturent, Eatery, Restorant, Resturant Cafe, Resturent, Fried Chicken Resturen... etc., While there are many considerations, when it comes to buying a business and the purpose of this page is not meant to outline all the details on how to buy a Restaurant business, the first and foremost factor is that, one would want to find a profitable business to buy and it is great if the business is seller financed or with business financing arragement in place from a third-praty lender but in some cases established businesses and aged shell companies are bought even if they are not profitable. You may give preferance to a unique business for sale or a business with real estate so the real estate as a business asset will be of added interest to the lender when considering financing and will appreciate the chances of getting approval for financing. In many cases the company or product can be re-branded later or additional services can be added to existing business to acquire and expand market share but also to finance and even to go public, such as a recent example of an electric vehicle startup that bank rolled their startup by acquiring a shell company and went public. Also, keep in mind that while starting a new Restaurant business is not too hard, running a business is not easy and making it consistently profitable and growing it is another thing because a vast number of small business that are started will usually fail within first few years and a small number of them are consistently profitable. Hence, buying an existing business or franchise with cash flow can be a better option, depending upon the type of business and its finances.
Buying a Small Restaurant Business from a Business Owner vs Broker
Many users seem to be searching online for a Restaurants FOR SALE, Sell Small Local Restaurant & and Local Restaurant, Cafes, Restaurant for Sale by Owner, Small Restaurants, Vacant Restaurant, Bistro, Resturent, Eatery, Restorant, Resturant ... related Restaurant business for sale by owner and may be it is because buyers are led to believe that they can negotiate better with the owner or get a better deal. Despite websites and marketplaces like our's which facilitate any business owner to sell a business directly, most businesses are still sold through brokers and hence no FSBO websites & marketplaces have been successful. Also a very few businesses listed by owners eventually get sold because most sellers price it higher than what it is worth or do not use real valuation metrics, whereas an experienced broker in the Restaurant related industry will price it based on the market metrics and valuation, so that they can sell the business quickly because keeping a business on market for too long can be counter productive. There are also other advantages of dealing with a qualified and experienced broker but in the end whether it is an FSBO business or listed by a broker, everything depends on the real value of the business, current market conditions. Starting or buying a business can be once in a lifetime event for most people and before you put your hard earned savings in the business, always seek advice from a qualified business professional such as licensed broker, M&A advisor, consultant, small business accountant or a lawyer with regards to verification of finances, drafting contracts and price negotiation.
Find a Restaurant Restaurant Business for Sale or Existing Franchises & Opportunities
Find Established Restaurants FOR SALE, Sell Small Local Restaurant business for sale near you or franchise resale listings by a small business owner or by a business broker and Local Restaurant, Cafes, Restaurant for Sale by Owner, Small Restaurants, Vacant Restaurant, Bistro, Resturent, Eatery, Restorant, Resturant ... related local and online business opportunities - if you are looking to sell a Restaurant related business opportunity, list it here to sell your business Commission FREE!
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Highly Motivated Seller! This highly-profitable, a long-established animal clinic has been owned by ...
Highly Motivated Seller! This highly-profitable, a long-established animal clinic has been owned by the current owners since 1971, and the history of the practice goes back over 100 years. Treating small animals and pets as well as farm animals in th...
Established financial planning company in Las Vegas, founded in 1989. Stellar reputation, loyal clie...
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A lucrative gas station business catering to truckers is available for sale in the South Central region of Wyoming. The possibilities are endless with this incredible opportunity! This turnkey operation is a highly sought-after convenience store and ...
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An exceptional opportunity presents itself with the availability of a thriving pizza restaurant business in Central Iowa! With this incredible opportunity, the possibilities are endless! This renowned specialty pizza restaurant, established in 2013, ...
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Firehouse Subs is a fast casual restaurant full of hearty and flavorful food, heartfelt service and public safety. Founded in Jacksonville, Florida by former firefighters and brothers Chris and Robin Sorensen, Firehouse Subs has more than 1,150 resta...
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Selling a Restaurant Restaurant Business?
Are you a small business owner interested in selling a Restaurant related business, property, franchise, service, company? Advertise your Restaurant Restaurant business listing online and Sell a Business or Franchise Commission FREE - Seller Testimonials - If you are a business broker or a real estate agent, signup for a FREE listing account to get Business Broker Leads.
If you are a owner selling it on your own, then you need to do additional marketing and monitoring leads - there is more to it than just listing it on a few websites. This in itself is a process and can take a lot of your time.
How to Sell my Restaurant Restaurant Business?
Before selling a Restaurant Restaurant Business, the most important factor or the first step is to organize financials for the last 2-3 years, including tax filings, make a list of equipment and inventory, employee and payroll data and generate profit-loss statements, etc., Then the next most important step is to find what your business is worth and to evaluate your Restaurant Restaurant company to make sure that you price it right based on the existing market conditions. You can either use an evaluation software or in some cases you can find valuation metrics online or you can hire an accountant, CPA, professional appraiser or a broker who can use provide a good valuation. While the valuation metrics differ with the type of company, industry and current market conditions, the most used metric for valuation is based on EBITDA or SDE ie Seller's Discretionary Earnings - which usually includes the owner's salary and benefits in net-income, used mostly by a small company or solo owner operator. The next step in selling your Restaurant Restaurant company is to draft a buy-sell agreement or a contract of sale and you can use a software or buy Sale of Business Forms online or hire a small business lawyer. Selling a small business can also be once in a lifetime event for most people and no matter how well versed you are with your company and the process of selling it, one small mistake may lead to a huge loss or a botched deal, it is recommended that you always seek advice from a business professional such as licensed broker, M&A advisor, consultant, accountant or a lawyer with regards to verification of finances, drafting contracts and negotiation.
Disclaimer: Established Restaurants Restaurants FOR SALE, Sell Small Local Restaurant related Business Opportunities, Existing Franchises, Companies, Brokers, on this website are classified ads listed by a corresponding small business owner or by a broker. The site has not verified the information posted by advertisers and the site is not responsible for authenticity of information, pricing or for any inaccuracies. By using the website or the advertiser contact form, you agree to assume the responsibility for further communication or any transactions you may conduct with the seller - the website is not involved with any transactions.
