Dreaming of a South Florida Restaurant for sale? Here’s everything you need to know about buying a restaurant in in Fort Lauderdale, Coral Springs or Boca Raton Florida.

If you are Interested in Buying a Restaurant, Focus on Florida Restaurants for Sale.

Florida restaurants are expected to do $31.5 billion in sales in 2012 according to the National Restaurant Association. There were 34,914 eating and drinking places in Florida as of 2010. A whopping 841,900 people are employed in the restaurant industry in Florida or 11% of the total workforce. Every extra $1 million spent in Florida’s restaurants generates an additional 25 jobs in the state. (Source: National Restaurant Association. Includes all restaurant and foodservice occupations. Employment figures are projected.)

Overall, Florida is the 4th most populous state in the nation and the most populous state in the Southeast with 19 million residents in 2011. Florida's total personal income ranks 4th in the nation and 1st in the southeast (2010).

Florida is a business-friendly environment where an entrepreneurial spirit, competitive costs and streamlined regulations are the drivers of small business. Florida is home to three of the nation's most cost competitive large metros. Florida ranks among America's Top 10 most entrepreneurial states and has more than 2 million small businesses. Florida's universities are regarded as some of the best in the country in technology transfer. Florida is also global hub with its strategic geographic location, infrastructure and concentration of corporate and financial resources.

All of this activity, around entrepreneurship and the creation of a business friendly environment keep people moving to the sunshine state. Those people need to eat! That doesn’t include the tourists who descend on the land of Mickey Mouse and more. Florida ranks 1st in the southeast and 3rd in the nation in leisure and hospitality. That's a growth industry you're thinking of joining.

It's easy to see why Florida is a great destination if you’re in the market to buy a restaurant.

How to Buy a Restaurant for Sale in South Florida

Step 1: Find an Expert Specializing in South Florida Restaurants for Sale

Choose from our dozens of South Florida restaurants and bars for sale. Our restaurant brokers are connected to the area. We know what's available. Get everything you need to support you in the purchase of a restaurant. Browse our listings to find South Florida franchise restaurants for sale or independent restaurants ranging from bars to burger joints. We Sell Restaurants has a Certified Restaurant Broker© on the ground in South Florida to assist you in buying a restaurant for sale.

Choose We Sell Restaurants when you want the most rigorous training, education and specialized experience. That’s what it takes to become a Certified Restaurant Broker©. Our name says it all. We Sell Restaurants.

Step 2: Cover the Basics and Prepare in Advance

South Florida restaurants or bars for sale listings are generally covered by a nondisclosure or confidentiality agreement. They are not public listings. Sellers want to know that you have signed a confidentiality agreement and have the funds available before you learn about their business for sale. Landlords will want to see that you are qualified as well, even if you only want to lease a South Florida restaurant. Landlords will carefully evaluate your financial position before extending credit on lease. Our restaurant brokers can provide you with a personal statement forms if needed.

Pull your most recent credit report and check your FICO score before you submit information to a landlord for approval on a South Florida restaurant for lease. You wouldn't go shopping for a home until you checked your financial position, and the same is true for buying a South Florida restaurant.

Step 3: Obtaining Loans for Buying a South Florida Restaurant

Speak to the expert restaurant brokers in South Florida to find out more about their network of bankers, lenders, web resources and national contacts for financing a restaurant for sale. Our Certified Restaurant Brokers© also have information on:

Small Business Administration Lending for Buying a Restaurant

Once an SBA lender has given the deal an initial “thumbs-up”, buyers submit their paperwork for approval. When both parties qualify, we move to closing with SBA lending.

Only our Certified Restaurant Brokers© work directly with SBA lenders to submit their restaurants for lending. Our South Florida restaurants for sale go direct to our SBA lenders in a pre-approval process.

Using Your Home Equity Line of Credit to buy a South Florida Restaurant

One way to finance the purchase of your South Florida Restaurant or Bar is with equity in your home. This can be a convenient source of funding for an asset sale or business without cash flow.

401K Rollovers for Buying a South Florida Restaurant

Ask your South Florida Certified Restaurant Broker© about this popular method of converting your 401K into a loan for buying a restaurant. Guidant Financial specializes in this process. Get information on this process for converting 401K to funds to buy a South Florida restaurant or bar for sale by clicking this link.

Crowdfunding - Ask Others to Pitch in for Buying a Restaurant in South Florida

This new way to raise money (on websites like www.Foodiecrowd.com) asks investors to buy shares in your restaurant. Now friends and family are off the hook since you can go to total strangers to get money to buy a restaurant.

Financing Options Online for Buying a South Florida Restaurant

Visit www.boefly.com. This popular online lending site matches restaurant buyers looking for money with banks ready to fund a loan.

Buying a South Florida Restaurant or Bar and Only Need a Small Loan?

Start-ups sometimes only need a small amount of cash – often termed a micro-loans – amounts of less than $25,000. Check out www.prosper.com Investors view projects and decide whether or not to invest and at what interest rate. You sign up to pay them back in fixed monthly amounts.

When you need less than $50,000, visit www.accionusa.org . Developed to assist small business owners that’s can’t go the traditional bank route due to the type of business, insufficient credit history or a short business history. They will fund from $500 to $50,000 with a good credit score. Check them out online here.

Step 4: Resources for Buying a South Florida Restaurant

Buying a South Florida Restaurant for Sale is a team sport and you may need all kinds of help. Our South Florida Certified Restaurant Broker© has plenty of resources and aid for you. Here’s a starting point for the most common requests:

• Restaurant Financing and Access to Capital
• Florida Liquor and Tobacco Enforcement Division - Alcohol Licenses for Restaurants, Bars & Clubs
• Florida Secretary of State - First Stop for New Restaurants
• Small Business Administration-Financial Programs to Buy a Restaurant
• Restaurant Equipment and Restaurant Supplies
• Become an Independent Food Network Star
• Restaurant Liquor License Facilitators
• Restaurant Accounting and Legal Firms
• Restaurant Business Plans - Consultation/Write/Present
• Restaurant Food Suppliers

South Florida Restaurants for Rent

Yes, we can help in a search for a South Florida restaurant for lease. Our South Florida Certified Restaurant Broker© will work with you to identify your needs and locate a lease property. Our restaurant brokers are experienced bring together a full package for the landlord. Ask us for help in renting something with equipment or vacant space. We will coach you in preparing a package to include:

• Restaurant Lease Application
• Restaurant Business Plan and Pro Forma
• Personal Financial Statement
• Restaurant Experience Resume on Key Individuals
• Letter of Intent

Restaurant Broker Fees for Buying a South Florida Restaurant

The seller or landlord pays a commission which almost always covers the cost of any representation. It is quite rare for a buyer to face any costs at all. Contact your South Florida Certified Restaurant Broker© for more information.

Buying Other Broker’s South Florida Restaurants for Sale

We Sell Restaurants can represent you as a Buyer’s Agent for any South Florida restaurant or bar for sale whether or not we hold the listing. Get the expertise and knowledge of a Certified Restaurant Broker© on any South Florida restaurant for sale listing. We are happy to assist.

E2 Visa Qualified South Florida Restaurants for Sale

Ask your South Florida Certified Restaurant Broker© for assistance with South Florida restaurants for sale that will qualify for an E-2 visa. South Florida is an excellent state for those from other countries interested in acquiring a restaurant as part of a visa requirement. Foreigners from certain treaty countries are allowed to make substantial investments in the United States in exchange for a visa. We have South Florida restaurants for sale and relationships with strong immigration attorneys to help you invest in a restaurant and secure a visa for relocating to the United States.