There are multiple ways to obtain restaurant financing. When a restaurant is well established, has good books and records, and provable income, there are many sources of funding. Even when you are acquiring an asset sale (which does not have books and records) that you plan to open as your own new and improved concept, there are lending options. SBA loans have the backing of the Small Business Administration. While the SBA does not issue loans (a common misconception), they do guarantee loans which lowers the risk for the bank. That makes lenders more willing to accept risk since the government is standing behind the deal and guaranteeing as much as 80 or 90 percent of their risk.
Franchises in particular are great candidates for an SBA loan to buy a restaurant, and the Restaurant Brokers have a number of lending resources that specialize in franchise resales. Another option for financing a restaurant purchase is seller or owner financing. This occurs when the restaurant or bar owner agrees to carry a note or personally finance a portion of the transaction. Instead of paying for the entire purchase price up front, the seller allows for some amount (typically 25 to 50 percent) to be paid over time. Sellers performing the function of the bank will still require that there be a purchase note and guarantees from the buyers.
Restaurant buyers often overlook their 401(k) as a source of capital, without realizing there are ways to use 401(k) funds without facing a large tax bill from Uncle Sam. For over 10 years, 401(k) rollover services, also known as Rollovers for Business Start-ups (ROBS), have helped entrepreneurs fund their dream of small business ownership. With ROBS, you can invest your existing retirement funds into a new business or franchise without taking a taxable distribution.
Crowd sourcing or crowd funding is the new kid on the block when it comes to financing a restaurant purchase. It allows family, friends, customers or anyone else to support your business in an online community-funding platform. Online lending is another new way of lending that is driven by the Internet. Just like relationship websites (eHarmony) or retail websites (Amazon), the Internet is a proven ground for bringing parties together. It's no wonder that lending platforms have sprung from this as well. Download our Quick Guide to Financing a Restaurant to learn the pros and cons about each category along with resources for each type of lending.
6203 Lease Term:
New Lease will be created - or real estate can be purchased Sq.Ft.
6186 Lease Term:
Expires 2022 Monthly Rent:
6183 Lease Term:
expires June 30, 2019 + one 5 year option Monthly Rent:
6165 Lease Term:
Expires August 2025 plus 3-5 year options Monthly Rent:
6156 Lease Term:
5 years + two 5 year options Monthly Rent:
6147 Lease Term:
2 years plus option to renew Monthly Rent:
6139 Lease Term:
n/a Includes Real Estate Monthly Rent:
6130 Lease Term:
Real Estate Included in the sale Sq.Ft.
6114 Lease Term:
10 years | 10 years Monthly Rent:
6079 Lease Term:
July 2020 plus 5 year option Monthly Rent:
6051 Lease Term:
To be negotiated Monthly Rent:
6046 Lease Term:
Real Estate Included in the sale Sq.Ft.
6041 Lease Term:
Exp Oct 2023 w (2) 5 year renewals Monthly Rent:
6040 Lease Term:
Valid through 2028 Monthly Rent:
5981 Lease Term:
5 years with 1 option - Option to purchase real estate is an option Monthly Rent:
5837 Lease Term:
Real Estate Included in the Purchase Sq.Ft.
5762 Lease Term:
New 5 year lease with 1 option to extend at market rate Monthly Rent:
5682 Lease Term:
10 years from May 1,2012 with 2 5 year options | 10 years from Nov 27 2012 plus 2 5 year options Monthly Rent:
5658 Lease Term:
Expires December 19, 2021 with two 5-year options Monthly Rent:
5653 Lease Term:
TBN Monthly Rent:
5564 Lease Term:
Expires March 31, 2025 Monthly Rent:
5464 Lease Term:
10 Years From Feb. 2014 Monthly Rent:
5240 Lease Term:
Expires September 2012 and Expires November 2022 Monthly Rent:
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