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Restaurants Sold by We Sell Restaurants

Restaurants Sold by We Sell Restaurants

Selling a restaurant is a job for an experienced and professional team.  That's why We Sell Restaurants sells more restaurants than anyone else. For two decades, this brand has developed the specific processes to attract hundreds of thousands of buyers and secure millions of dollars in transaction every single year.
 
The company has a global reach and maintains an inventory of restaurants for sale in nearly all 50 states. This provides the greatest possible exposure to buyers looking to purchase a restaurant. Our restaurant sellers tell us we are superstars with restaurant broker reviews like these.
 
Technology for Selling a Restaurant
 
If you're selling a restaurant, technology is an invaluable tool. Our online platform reaches most potential buyers, and social media is used to generate interest and spread the word. We also use technology to create an informative package about your restaurant, and our online listings help us reach the widest possible audience. With so many options available, it's important to consider how technology can best be used to sell your restaurant. By utilizing the right tools, we make the selling process easier and more efficient.
 
We provide access to up to the minute details when your business is listed for sale, providing statistics on how many people have viewed the listing, how many people are actively engaged and who has acknowledged confidentiality on the business and knows it is for sale. All this, while keep the name of the business out of the public domain unless the buyer is fully qualified.
 
Our proprietary back-office platform, the B.O.S.S. (Broker’s Operational and Sales System) tracks the buyer and seller journey. In addition, it stores and tracks all agreements, generates checklists for both buyers and sellers and uploads all changes to external listing sites.
 
Confidentiality When Selling a Restaurant

Confidentiality when selling a restaurant is a key concept that must be considered when selling a restaurant. We Sell Restaurants sets the standard nationwide for this business practice.  Each buyer is contacted and asked to provide proof of funds in an amount that aligns with either the brand requirement or the seller's request before they are provided with a full 20-plus page full color package on the listing. For more information on the requirement for confidentiality agreements when selling a restaurant, read this article.
 
Building a Package for Selling a Restaurant

Creating a beautiful listing package is one reason our restaurant brokers sell more restaurants than anyone else. PERIOD.  The industry leading Business Analysis Tool or BAT lists all of the following information for buyers which is key to their buying decision and critical for anyone looking to sell a restaurant. The elements of the We Sell Restaurants business analysis tool include:

  • Review of confidentiality
  • Restaurant Broker's bio complete with awards, background and experience
  • A full written description of the restaurant for sale
  • Income statement or profit and loss statement containing every expense for the business
  • Written description of any add-backs applied to the listing
  • Full restaurant information including:
    • Lease terms
    • Operating hours
    • Key infrastructure like the grease trap
    • Whether there is a liquor license
    • Hood system
    • Type of non-compete seller is willing to sign
    • Whether it is a franchise business
    • If a franchise, the rate of franchise fees and royalty expense
    • The number of hours worked by the owner
    • The owner's reason for sell
  • Complete list of assets and equipment that transfer in the sale
  • Comparative analysis discussion and key terms
  • Industry comparisons
  • Industry Key Metrics versus the actual restaurant for:
    • Profit Margins
    • Food Cost
    • Labor Cost
    • Occupancy Costs
  • State specific data on jobs in the restaurant industry
  • Description of Growth in the Restaurant Industry
  • Photographs of the restaurant
  • Definitions of key terms like:
    • Discretionary Earnings
    • Add Backs
    • Net Sales
This important package becomes a sales tool that leads to more restaurants sold by We Sell Restaurants than any other firm in the nation.
 
Speaking to Buyers When Selling a Restaurant
 
No matter how well written the package, selling a restaurant requires customer interaction, an item where Certified Restaurant Brokers excel. We Sell Restaurants also commits to an unmatched standard to touch every single buyer inquiry a minimum of three times after their initial outreach with a program spanning three days.  Our Certified Restaurant Brokers are mystery shopped to this standard to confirm they are meeting our expectations.  It's no wonder that we sell more restaurants than anyone else with all this effort.

We draft full written agreements and move more deals to closing.  We have lending resources, closing resources, legal resources and more to make your journey to sell your restaurant better and more efficient than any other broker's in the country.


What Does a Restaurant Broker Do to Sell Restaurants?
 
Here is a lengthy list of items associated with the work of a Restaurant Broker to get your deal to the closing table. Here is a list of the top ten things a Restaurant Broker Does to get your restaurant sold.
 
  • A Certified Restaurant Broker will Review financials and recast to lending standards to prepare an Opinion of Value for selling a restaurant
  • Create ad copy using best practices for selling a restaurant designed to attract buyers
  • Prepare a buyer’s package to present the listing to buyers  
  • Market the Business on National Websites & Respond to all Buyer Inquiries
  • Qualify the buyer for the business and if needed, the franchise brand
  • Work with the Buyer to Answer Questions and Arrange Buyer and Seller Meetings
  • Prepare the Offer in the form of a Written Asset Purchase Agreement
  • Introduce the Buyer to the Closing Attorney and Lending Resources for Selling a Restaurant
  • Assist Buyers with All Lender, Landlord, and Franchise Applications & Forms
  • Hold Weekly Calls with the buyers and Sellers and Closing Checklist
 
 
How Do You Become a Certified Restaurant Broker?

Certified Restaurant Brokers undergo the most extensive training in the nation, spending weeks in study before testing to attain the title, "Certified Restaurant Broker."  Their studies include valuation skills, buyer studies, legal understanding of agreements, negotiations and much more. They are taught at our corporate headquarters in Central Florida.

Certified Restaurant Brokers offer a full evaluation of your business at absolutely no charge to the seller.  Our Restaurant brokers understand the market, including the lending environment so they are up to date on selling prices and the multiple paid for restaurant sales.

Anyone considering selling their restaurants would be well served by connecting with the professional and only Certified Restaurant Brokers in the nation. for more information on selling your restaurant.  Contact the Restaurant Brokers at We Sell Restaurants to learn what your restaurant is worth in today's market.
 
What Does it cost to Sell Your Restaurant?
 
There are multiple ways to sell your restaurant including for sale by owner, using a residential real estate person, using a general business broker and ultimately, hiring a Certified Restaurant Broker. The cost of each varies along with the results that can ultimately be obtained. Ultimately, a Restaurant Broker that specializes will have access to the greatest buyer pool resulting in the quickest path to closing. The pros and cons of each approach along with detailed information the costs for selling a restaurant are available in the article, “What Does it Cost to Sell Your Restaurant?”
 
What Mistakes Should You Avoid in Selling Your Restaurant?
 
There are five deadly mistakes when it comes to selling your restaurant. The mistakes include:
 
  • Choosing a Broker Based on the Cheapest Rate
  • Pricing Above market
  • Taking Your Eye Off the Ball
  • Saying “No” to a Deal
  • Going to Market Without Good Financial Data
 
To avoid falling victim to these deadly mistakes, prepare up front, perform due diligence on the broker and avoid pricing above the market as it will slow down the number of buyers and increase the time on the market.
 
Finding a Lender When Selling a Restaurant
 
Most reputable restaurant brokers will have lending sources ready to go for their business opportunities. This is critical since no all lenders are fans of the industry. In addition, they will recast the business and prequalify it’s ability to make it through the lending process, leaving the buyers to qualify separately.
 
A restaurant buyers qualify for lending with the following items:  
 
  • SBA Form 1919
  • Personal Background and Financial Statement from the Buyer
  • Business Financial Statements from the Seller
  • Three Years of Federal Tax Returns
  • Interim Balance Sheet
  • Interim Profit and Loss Statements
  • Projections
  • Business Overview and History
 
The Restaurants Brokers review each item at length in the article, “Buying a restaurant with SBA Lending – What the Lender Needs.”  And this is where a good broker comes into their own. They know all about the ins and outs of lending on restaurants, so it's no wonder they're invaluable to someone going the SBA lending route.
 
The process may seem overwhelming at first but if you have someone who knows what they’re doing guiding your way then there will be nothing stopping success in its tracks.
 
Conclusion:
 
If you are thinking of selling your restaurant, it’s important to do your research and understand the process. There are many factors to consider, such as finding a qualified broker, building a package that showcases your business in the best light possible, and negotiating with buyers. By following the advice in this article, you can make sure that you sell your restaurant for the best price possible and avoid common mistakes made by sellers. Ready to get started? Contact us today to speak with one of our certified restaurant brokers!

Contact the Restaurant Brokers at We Sell Restaurants to learn what your restaurant is worth in today's market.


 

Restaurants Sold by We Sell Restaurants

4 Lessons on How to Sell a Restaurant -Eric Gagnon on Business Podcast

Eric Gagnon of We Sell Restaurants brought his expertise as a Certified Restaurant Broker to the latest episode of the Business Exit Stories podcast by Marvin L. Storm.

Restaurant for Sale in Davie, Florida – Covert to Any Concept

Restaurant for Sale in Davie, Florida – Covert to Any Concept

Listing Id:9225 Lease Term:Expires Novembe.. Monthly Rent$3625, Sq.ft.1870,
Turn-Key Café for Sale in Charlotte, NC!

Turn-Key Café for Sale in Charlotte, NC!

Listing Id:9220 Lease Term:3 years Monthly Rent$4200, Sq.ft.2215,
Restaurant for Sale in Davie, Fl - Features Outdoor Seating + Two Hoods

Restaurant for Sale in Davie, Fl - Features Outdoor Seating + Two Hoods

Listing Id:9186 Lease Term:Expires Novembe.. Monthly Rent$4947.88, Sq.ft.1508,

We Sell Restaurants Leads the Nation

We Sell Restaurants, the nation’s largest restaurant broker, outpaced the national average with an astonishing 33% increase in closed deals. The 2021 BizBuySell Insight Report.

Turn Key Restaurant for Sale -- Motivated Seller

Turn Key Restaurant for Sale -- Motivated Seller

Listing Id:9059 Lease Term:Expires October.. Monthly Rent$6000, Sq.ft.4000,
Thriving Profitable Ice Cream Shop for Sale in Paradise

Thriving Profitable Ice Cream Shop for Sale in Paradise

Listing Id:9054 Lease Term:Expires Decembe.. Monthly Rent$2250 - Sq.ft.1250-

We Sell Restaurants Bests the Market by 23 points in Selling Restauran

The impressive statistic is 23 points higher than overall marketplace growth and reflects buyers’ confidence that they can rely on our guidance when buying or selling restaurants through advice from i

Great Price on this 2nd Generation Restaurant Space for Sale in NW Austin

Great Price on this 2nd Generation Restaurant Space for Sale in NW Austin

Listing Id:9051 Lease Term:expires October.. Monthly Rent$2900, Sq.ft.1000,
Restaurant and Bar with Large Patio for Sale in Lee County

Restaurant and Bar with Large Patio for Sale in Lee County

Listing Id:9050 Lease Term:expires January.. Monthly Rent$7218.58, Sq.ft.3500,

Selling a Restaurant – 10 Things a Restaurant Broker Does

If you are selling a restaurant, you may be wondering exactly why you need the services of a restaurant broker. After all, finding a buyer can’t be all that hard, right?

Brand new 2nd Gen restaurant in N Austin!

Brand new 2nd Gen restaurant in N Austin!

Listing Id:9013 Lease Term:expires August .. Monthly Rent$4231, Sq.ft.2700,
Diner for Sale in Coral Springs, FL – Rent below 10% of Sales

Diner for Sale in Coral Springs, FL – Rent below 10% of Sales

Listing Id:8990 Lease Term:Expires Februar.. Monthly Rent$6949.42, Sq.ft.3800,
Profitable Williamsburg Brooklyn Restaurant & Bar for Sale  7 Figure Sales

Profitable Williamsburg Brooklyn Restaurant & Bar for Sale 7 Figure Sales

Listing Id:8959 Lease Term:One Year Plus 2.. Monthly Rent$9211.47, Sq.ft.3800 on 2-level..
Restaurant for Sale in Daytona Beach, FL , Fully Equipped!!

Restaurant for Sale in Daytona Beach, FL , Fully Equipped!!

Listing Id:8947 Lease Term:April 2024+ 3.. Monthly Rent$4000, Sq.ft.2650,
$375,000 Owner Benefit - Restaurant and Bar for Sale Ready for New Owner

$375,000 Owner Benefit - Restaurant and Bar for Sale Ready for New Owner

Listing Id:8928 Lease Term:expires January.. Monthly Rent$13900- Sq.ft.4168-
Smoothie Franchise for Sale NETS approximately $125,000 to Owner!

Smoothie Franchise for Sale NETS approximately $125,000 to Owner!

Listing Id:8923 Lease Term:expires Septemb.. Monthly Rent$4800, Sq.ft.1877,
Cafe for sale in Wellington, Florida - Nets $100K  and open just 10am -3pm

Cafe for sale in Wellington, Florida - Nets $100K and open just 10am -3pm

Listing Id:8890 Lease Term:Expires on Apri.. Monthly Rent$3419.22, Sq.ft.1290,
Chef Owner Retiring – Make This Bar and Grill Sale Yours Today

Chef Owner Retiring – Make This Bar and Grill Sale Yours Today

Listing Id:8868 Lease Term:expires June 20.. Monthly Rent$4710, Sq.ft.3000,
Pizzeria for Sale!  No Build Out. Change the Name & Turn the Key!

Pizzeria for Sale! No Build Out. Change the Name & Turn the Key!

Listing Id:8867 Lease Term:expires March 2.. Monthly Rent$3943.00, Sq.ft.1269,
Sandwich Shop for Sale in Boca Raton – Owner/Operator will net $70,000

Sandwich Shop for Sale in Boca Raton – Owner/Operator will net $70,000

Listing Id:8866 Lease Term:Expires on Febr.. Monthly Rent$7085.88, Sq.ft.1505,
Restaurant and Bar for Sale Nearby Braves Stadium! Turnkey Opportunity

Restaurant and Bar for Sale Nearby Braves Stadium! Turnkey Opportunity

Listing Id:8855 Lease Term:Expires 12/30/2.. Monthly Rent$3975.00, Sq.ft.2500,
Multi Unit Pizza Franchises for Sale with Six Figure Earnings - $153,000

Multi Unit Pizza Franchises for Sale with Six Figure Earnings - $153,000

Listing Id:8848 Lease Term:Valid through N.. Monthly Rent$1634 , 2510.45.. Sq.ft.1888 ,1775,
Pizza Restaurant for Sale in Frisco, TX! Beer and Wine License Included!

Pizza Restaurant for Sale in Frisco, TX! Beer and Wine License Included!

Listing Id:8845 Lease Term:August 2028 Monthly Rent$7575.33, Sq.ft.1784,
Franchise Grill for sale in NW Suburbs! Over 1.3 million in Sales!

Franchise Grill for sale in NW Suburbs! Over 1.3 million in Sales!

Listing Id:8827 Lease Term:expires 6/1/203.. Monthly Rent$7700, Sq.ft.2300,
Pizza Franchise for Sale with Earnings of $130,000!!

Pizza Franchise for Sale with Earnings of $130,000!!

Listing Id:8823 Lease Term:Valid through D.. Monthly Rent$3400, Sq.ft.1513,
Fast Casual Restaurant for Sale in Boca Raton, FL- Near FAU Campus

Fast Casual Restaurant for Sale in Boca Raton, FL- Near FAU Campus

Listing Id:8817 Lease Term:September 30, 2.. Monthly Rent$2867.12, Sq.ft.1300,
Restaurant for Sale in Winter Haven, FL -Turnkey!

Restaurant for Sale in Winter Haven, FL -Turnkey!

Listing Id:8800 Lease Term:Sept 2022 Monthly Rent$1800.00- Sq.ft.1200-
Restaurant for Sale in Poquoson,  Virginia, Newly Remodeled!

Restaurant for Sale in Poquoson, Virginia, Newly Remodeled!

Listing Id:8799 Lease Term:November 2026 Monthly Rent$2099.17, Sq.ft.1000,
East Austin Bakery for Sale! Great location; high visibility!

East Austin Bakery for Sale! Great location; high visibility!

Listing Id:8794 Lease Term:expires January.. Monthly Rent$3555, Sq.ft.898,
Turn Key Restaurant for Sale Very Motivated

Turn Key Restaurant for Sale Very Motivated

Listing Id:8788 Lease Term:1, 5 Monthly Rent$5100-, Sq.ft.2712-,
Artisan Sandwich Shop for Sale in Naples

Artisan Sandwich Shop for Sale in Naples

Listing Id:8780 Lease Term:expires April 2.. Monthly Rent$1900, Sq.ft.1100,
Profitable North Austin Neighborhood Bar for Sale

Profitable North Austin Neighborhood Bar for Sale

Listing Id:8772 Lease Term:expires Februar.. Monthly Rent$8000- Sq.ft.2500-
Profitable Gwinnett County Georgia Restaurant and Bar for Sale

Profitable Gwinnett County Georgia Restaurant and Bar for Sale

Listing Id:8767 Lease Term:3 Years Remaini.. Monthly Rent$3062.50, Sq.ft.3200,
Award Winning Donut Shop for Sale – Priced to Sell!

Award Winning Donut Shop for Sale – Priced to Sell!

Listing Id:8759 Lease Term:5 year lease Monthly Rent$3250, Sq.ft.1500,
Pizza Restaurant for Sale in Polk County, FL - Prime Location!

Pizza Restaurant for Sale in Polk County, FL - Prime Location!

Listing Id:8754 Lease Term:January 2026 Monthly Rent$4981, Sq.ft.1500,
Parker, Co. Sandwich Franchise for Sale Nets Owner Six Figures!

Parker, Co. Sandwich Franchise for Sale Nets Owner Six Figures!

Listing Id:8743 Lease Term:Expires July 20.. Monthly Rent$4200, Sq.ft.1600,
Clean Poke Restaurant for Sale is Turnkey

Clean Poke Restaurant for Sale is Turnkey

Listing Id:8730 Lease Term:Exp Dec 2025 + .. Monthly Rent$2700, Sq.ft.800,
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