EATS Broker sells Almost Home Taphouse in Little Elm, Texas
Dominique Maddox of EATS Broker sells Almost Home Taphouse in Little Elm, Texas. EATS Broker was the Business Intermediary for the seller and buyer during the transaction. EATS Broker received a 5-star Google review from the sellers: Dominique was easy to work with during the process. He always responded quickly to any questions and helped […]
Selling a restaurant business
What are the steps to the closing table when selling a restaurant business? Each restaurant resale transaction is different because the terms and participating professionals change. Selling a non-franchise restaurant is a different sales process than selling a franchise restaurant. Selling a restaurant with SBA lending involves many more steps than closing a cash deal […]
Emerging Restaurant Brands- The challenges of selling a restaurant resale
Selling a Restaurant resale, especially for an emerging brand, can present many challenges. An Emerging Restaurant Brand can be defined as a Franchise Brand with less than 100 units. Emerging restaurant franchise brands are newer ventures still enduring growing pains. The Restaurant Business Broker knows that selling an Emerging Restaurant Brand in a new territory […]
Restaurant Owner do you know the lease terms
Ask a Restaurant Owner if you know the lease terms of your restaurant. The common answer will be, “Yes, I signed the lease agreement and have a copy. The Restaurant Business Broker estimates that after selling restaurants for 11 years, only about 25% of restaurant owners actually know the critical dates of the lease agreement […]
Common Mistakes: Restaurant for Sale by Owner
Restaurant for Sale by Owner listings usually try selling a restaurant business without the assistance of a Restaurant Broker. Some restaurant owners decide to sell a restaurant on their own to save on the commission a restaurant business broker charges. The old saying is “knowledge is power,” and the art of selling a restaurant can […]
4 Tips for a Successful Restaurant Sale
EATS Broker provides 4 Tips for a Successful Restaurant Sale in 2024 to any restaurant owner considering selling a restaurant. Selling a restaurant can be challenging, with only 30%-40% of restaurants listed for sale selling. Selling a restaurant in 2024 comes down to careful planning and execution. The Restaurant Business Broker provides tips to ensure […]
Selling a Restaurant? Are you ready
When selling a restaurant, owners can make several mistakes that impact the experience. Restaurant Business Brokers sell multiple restaurants a year, while most restaurant owners will only experience selling a restaurant once in their lifetime. Understanding the resale process of restaurants takes years of experience. When selling a restaurant, business owners should prepare mentally for […]
5 Benefits of Buying an Existing Restaurant
The 5 Benefits of Buying an Existing Restaurant have many positive attributes. The current restaurant owner has built a proven business model, established a client base, and gone through the headaches of the initial building-out phase of the restaurant space. The harsh reality of the restaurant industry is that 60% of restaurants will close their […]
What are the most demanding Restaurants to Sell
The most demanding restaurants to sell fall into three categories. Chef-driven restaurants, BBQ restaurants, and unprofitable restaurants or new openings. All three types of restaurants present considerable challenges when it’s time to sell a restaurant. The cold hard fact is that only 30%-40% of restaurants listed for sale will sell to a new buyer. Some […]
