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On the Radio
Buying a Restaurant, Buying a Job. Entreprenuership is on the Rise - 04/18/10

Atlanta Restaurant Brokers Eric and Robin Gagnon talk about the current economy and how it is affecting individuals that want to buy and sell a restaurant. They returned from a trip to North Carolina where they serve on a Board for the Center for Entrepreneurial Studies at the Walker College of Business and Appalachian State University. Since one in five graduates cannot find a job, entrepreneurship as a major field of study is on the rise. Meanwhile those out of work are also turning to the restaurant industry to buy their next job. That means college graduates aren’t alone in their quest to buy a restaurant as a substitute to finding a job in the tough economy that’s showing no early signs of recovery. Restaurant brokers Eric and Robin Gagnon tell Atlanta radio listeners that one of the most common groups they are dealing with daily in buying a restaurant are the unemployed. According to Robin, “Anyone out of work for more than a year is beginning to realize that the opportunities are limited. That’s when they start turning to us to buy a business and in essence, buy themselves a job.” Buying a restaurant is a perfect match when there’s strong cash flow I the deal. Our restaurant brokers have access to 401K conversion programs which many of these buyers are using to roll over their 401K with no tax consequences and buy their own business. That’s good news for restaurant buyers with strong credit and the desire to own their own business. The recession has not affected the entrepreneurial spirit of most Americans and especially not the ones seen by these restaurant brokers. Eric and Robin remind those looking for a job to consider buying a restaurant. There are great opportunities online at wesellrestaurants.com that offer strong earnings and replace the money you might have been making in corporate life.