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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

Sold! Latest Restaurant Deals Done by the Restaurant Brokers

The closing day is a day of much anticipation for restaurant owners and restaurateurs alike. For sellers, it signifies the culmination of years of hard work, dedication, and passion. It's a moment ...

Opportunity Alert: Bar and Grill for Sale in Columbus for only $215K!

Opportunity Alert: Bar and Grill for Sale in Columbus for only $215K!

Listing Id:10449 Lease Term:5 (Expires Dece.. Monthly Rent$4000, Sq.ft.5000,
Breakfast and Lunch Cafe for Sale in Hollywood, Florida - Great Location

Breakfast and Lunch Cafe for Sale in Hollywood, Florida - Great Location

Listing Id:10370 Lease Term:Expires March 3.. Monthly Rent$3354, Sq.ft.1600,

Restaurant Owners Sell their Businesses with We Sell Restaurants

When it comes to buying or selling a restaurant, a successful transaction often hinges on having the right support and expertise by your side. At We Sell Restaurants, we take pride in our dedicated...

Naples Tea Shop & Restaurant for Sale $400K in Sales - Strong Owner Benefit

Naples Tea Shop & Restaurant for Sale $400K in Sales - Strong Owner Benefit

Listing Id:10273 Lease Term:expires April 3.. Monthly Rent$5800- Sq.ft.2000-
Fast-Casual Asian Concept Franchise for Sale with Nearly $1M in Sales

Fast-Casual Asian Concept Franchise for Sale with Nearly $1M in Sales

Listing Id:10269 Lease Term:10 yrs expires .. Monthly Rent$6327, Sq.ft.1800,
Bakery and Cafe for Sale in Prestigious Cherry Creek Neighborhood

Bakery and Cafe for Sale in Prestigious Cherry Creek Neighborhood

Listing Id:10267 Lease Term:Five years left Monthly Rent$8800, Sq.ft.2047,

Bites of Success: Real Stories from July & August's Restaurant Deals

Every restaurant carries its own story, from the inspired vision of its inception to the passionate patrons it serves daily. But sometimes, the most exhilarating chapters are those of transition...

Recently Renovated Pizzeria for Sale in Fast Growing Fort Myers

Recently Renovated Pizzeria for Sale in Fast Growing Fort Myers

Listing Id:10243 Lease Term:expires January.. Monthly Rent$2354.68, Sq.ft.1300,

Serving Success: Latest Restaurants for Sale Celebrate New Ownership

Last year was an extraordinary one for We Sell Restaurants as our dedicated team of restaurant brokers achieved a remarkable feat by selling more restaurants in a single year than ever before...

Restaurant for Sale in High Traffic Area of Naples Florida

Restaurant for Sale in High Traffic Area of Naples Florida

Listing Id:10179 Lease Term:expired June 20.. Monthly Rent$3140.49, Sq.ft.1176,
Brand New Pizza Restaurant for Sale in Coral Springs, Florida – Turnkey

Brand New Pizza Restaurant for Sale in Coral Springs, Florida – Turnkey

Listing Id:10134 Lease Term:Expires 2028 + .. Monthly Rent$4409.10- Sq.ft.1180-
Renovated Cafe  for Sale - Limited Hours - New Equipment

Renovated Cafe for Sale - Limited Hours - New Equipment

Listing Id:10126 Lease Term:expires August .. Monthly Rent$1600, Sq.ft.3000,

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.

Turn-Key Restaurant For Sale In Booming Dilworth!

Turn-Key Restaurant For Sale In Booming Dilworth!

Listing Id:10095 Lease Term:4 years Monthly Rent$7100, Sq.ft.4400,

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.

Turnkey Remodeled Cafe for Sale with Transferable Beer/Wine License!

Turnkey Remodeled Cafe for Sale with Transferable Beer/Wine License!

Listing Id:10093 Lease Term:Expires April 2.. Monthly Rent$3746.82, Sq.ft.1191,
Coffee Shop For Sale In Longboat Key For $99,999.00

Coffee Shop For Sale In Longboat Key For $99,999.00

Listing Id:10078 Lease Term:January 2024 Monthly Rent$1700, Sq.ft.850,

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

Hookah Lounge Restaurant and Bar for Sale! Over $137,000 in Owner Benefit.

Hookah Lounge Restaurant and Bar for Sale! Over $137,000 in Owner Benefit.

Listing Id:10038 Lease Term:Expires 8/31/20.. Monthly Rent$5100, Sq.ft.2300,
Sales of $718,250 Southern American Buffet Restaurant for Sale -Cobb County

Sales of $718,250 Southern American Buffet Restaurant for Sale -Cobb County

Listing Id:10029 Lease Term:Expires 06/15/2.. Monthly Rent$4104.98, Sq.ft.3000,

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?

Earn $400,000 per year at this Bradenton Hummus Restaurant for Sale

Earn $400,000 per year at this Bradenton Hummus Restaurant for Sale

Listing Id:9982 Lease Term:Expires June 20.. Monthly Rent$5287.33, Sq.ft.2800,
Awesome Profitable Pizza Restaurant for Sale, Local Favorite!

Awesome Profitable Pizza Restaurant for Sale, Local Favorite!

Listing Id:9935 Lease Term:Expires May 202.. Monthly Rent$3640, Sq.ft.2500,
Price Reduction - Pizza Shop for Sale with huge Tap wall $1.1MM build out!

Price Reduction - Pizza Shop for Sale with huge Tap wall $1.1MM build out!

Listing Id:9926 Lease Term:thru May 1, 203.. Monthly Rent$12534, Sq.ft.3272,
Local Jax Favorite, Tap Room & Bar for Sale

Local Jax Favorite, Tap Room & Bar for Sale

Listing Id:9923 Lease Term:5 years Monthly Rent$3800, Sq.ft.1670,
Just $99,000 for this Pizza Franchise for Sale near Youngstown Ohio

Just $99,000 for this Pizza Franchise for Sale near Youngstown Ohio

Listing Id:9897 Lease Term:Expires April 2.. Monthly Rent$2449.50, Sq.ft.1800,
Turn Key Cafe for Sale in the Orlando Area Ready for a New Owner!

Turn Key Cafe for Sale in the Orlando Area Ready for a New Owner!

Listing Id:9878 Lease Term:expires April 3.. Monthly Rent$3465, Sq.ft.1450,
Profitable Pizza Restaurant for Sale $950K+ Sales - Full Bar  Limited Hours

Profitable Pizza Restaurant for Sale $950K+ Sales - Full Bar Limited Hours

Listing Id:9870 Lease Term:Expires April 2.. Monthly Rent$11180 includes .. Sq.ft.3900-
Pizza Frachise for Sale in Mishawaka IN - $150,000 Owner Earnings

Pizza Frachise for Sale in Mishawaka IN - $150,000 Owner Earnings

Listing Id:9842 Lease Term:Remainder of 5 .. Monthly Rent$3150- Sq.ft.2500-
Over $170,000 Profit in 2022! Family-owned Italian Restaurant for Sale

Over $170,000 Profit in 2022! Family-owned Italian Restaurant for Sale

Listing Id:9839 Lease Term:through April 2.. Monthly Rent$9000, Sq.ft.2000,
Restaurant for Sale, Fully Equipped in Daytona Beach, FL!

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

Listing Id:9838 Lease Term:April 2024 + (.. Monthly Rent$4000.00, Sq.ft.2650,
Landmark VA Restaurant for Sale - $240,000 In Earnings - Owner Financing

Landmark VA Restaurant for Sale - $240,000 In Earnings - Owner Financing

Listing Id:9830 Lease Term:3 years; expire.. Monthly Rent$5200.00, Sq.ft.5460,
Well established iconic Mexican Restaurant for Sale!

Well established iconic Mexican Restaurant for Sale!

Listing Id:9826 Lease Term:1 year left on .. Monthly Rent$5982, Sq.ft.4400,
Albany Pizza Franchise for Sale Sales of $1.1MM Producing $181,000 Earnings

Albany Pizza Franchise for Sale Sales of $1.1MM Producing $181,000 Earnings

Listing Id:9825 Lease Term:Expires in 2025.. Monthly Rent$1600, Sq.ft.1375,
Fully built-out 2nd Generation Pizza Restaurant for Sale - South Austin

Fully built-out 2nd Generation Pizza Restaurant for Sale - South Austin

Listing Id:9818 Lease Term:expires March 3.. Monthly Rent$4200, Sq.ft.1200,
Earn $98,000 when you operate this Kalispell, Montana Franchise for Sale

Earn $98,000 when you operate this Kalispell, Montana Franchise for Sale

Listing Id:9811 Lease Term:Expires 2026 wi.. Monthly Rent$5100, Sq.ft.1500,
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