Why Build Out when you can buy a location already in place? Used equipment for a restaurant fully equipped at the least is $35,000 to $45,000. That's before you locate every single piece of equipment you need (some from this supplier, some from that!). It doesn't include trucking all that equipment to the restaurant and then getting a qualified electrician, plumber, gas technician, engineer, and more to set it in place and make sure you don't blow up the shopping center. How much is that? Figure another $2500 - $5000 to be on the safe side. If something doesn't work, you have to get it repaired or pull it out and return it to the vendor.
You're now up to almost $50,000 and you don't have anything in the front of the house. What about those chairs, tables, tablecloths, dishes, flatware, bowls, serving plates...the list goes on. Figure another $3500 if you're buying used, carting it yourself, and buying at a good rate.
Now you're up to $53,500 and you haven't opened the doors. Now the fun begins. You need to get inspected by the state, get a food service permit, get a liquor license and wait on the city and or county to react on each of these. Are you having fun yet? You'll have another $1500 to $5000 in licensing and you haven't poured your first drink yet. You're up to $58,500.
Since you're waiting on the restaurant to open, you're paying rent or burning up free rent waiting out the 30 to 60 days it takes to get operational. That's another $5000 to $8000 in rent while you aren't doing any business.
Then you open the door and do your first dollar of business.
Compare that to buying a business that's fully equipped, operating with food service and alcohol permits in place, and most importantly, generating sales. You can inspect the equipment in working condition and negotiate to be sure everything's operational before you take over. Take advantage of these locations offered under $75,000.
Restaurants for Sale Under 75000
Here are the restaurants brokers' tips for making it happen and five options for buying a restaurant with no or low money down.
Listing Id:9591 Lease Term:March 2023 Monthly Rent$1100.00, Sq.ft.692,
Listing Id:9587 Lease Term:expires May 202.. Monthly Rent$5490, Sq.ft.1200,
Listing Id:9586 Lease Term:expires Decembe.. Monthly Rent$4227.35, Sq.ft.1606,
Before making the leap, however, here is what it is important to know before buying a restaurant that is not making money today or an asset sale.
Listing Id:9578 Lease Term:n/a Monthly Rent$n/a, Sq.ft.144,
Listing Id:9563 Lease Term:5 years Monthly Rent$1100, Sq.ft.1400,
Listing Id:9547 Lease Term:Expires 2024 wi.. Monthly Rent$3900, Sq.ft.1300,
Listing Id:9534 Lease Term:Expires 2025 wi.. Monthly Rent$6800, Sq.ft.2500,
Listing Id:9524 Lease Term:Currently month.. Monthly Rent$1000, Sq.ft.1600,
Listing Id:9504 Lease Term:a new 5 year le.. Monthly Rent$2500- Sq.ft.approx 1000-
Listing Id:9426 Lease Term:March 2024 Monthly Rent$735.50, Sq.ft.600,
Listing Id:9422 Lease Term:Expires Februar.. Monthly Rent$2647.50, Sq.ft.1000,
Listing Id:9417 Lease Term:Expires January.. Monthly Rent$9,000, Sq.ft.1200,
Listing Id:9391 Lease Term:3 years Monthly Rent$4141.33, Sq.ft.1553 ,
Listing Id:9326 Lease Term:Negotiable with.. Monthly Rent$3266, Sq.ft.1300,
Listing Id:9254 Lease Term:expires 2026 Monthly Rent$6000, Sq.ft.1700,
Listing Id:9189 Lease Term:March 2023 Monthly Rent$1698, Sq.ft.2000,
Listing Id:9143 Lease Term:To Be Negotiate.. Monthly Rent$4000, Sq.ft.2000,
Listing Id:9107 Lease Term:Expires 2023 Monthly Rent$1900, Sq.ft.1500,
Listing Id:9067 Lease Term:Dec 2022 + 5 ye.. Monthly Rent$1003.45, Sq.ft.1642,
Listing Id:9055 Lease Term:Valid through M.. Monthly Rent$8700, Sq.ft.2600,
Listing Id:9023 Lease Term:1 year left plu.. Monthly Rent$3700, Sq.ft.1400,
Listing Id:8978 Lease Term:5 years Monthly Rent$6435, Sq.ft.650,
Listing Id:8955 Lease Term:Valid through D.. Monthly Rent$4094, Sq.ft.2000,
Listing Id:8925 Lease Term:Valid through D.. Monthly Rent$3460, Sq.ft.1900,
Listing Id:8915 Lease Term:expires May 202.. Monthly Rent$3250, Sq.ft.1300,
Listing Id:8894 Lease Term:Expires July 31.. Monthly Rent$6843, Sq.ft.2399,
Listing Id:8836 Lease Term:5 Monthly Rent$3300, Sq.ft.1932,
Listing Id:8834 Lease Term:2027 Monthly Rent$1640.10, Sq.ft.700,
Listing Id:8824 Lease Term:10 Monthly Rent$3400, Sq.ft.1200,
Listing Id:8818 Lease Term:September 30, 2.. Monthly Rent$8987.58, Sq.ft.2625,
Listing Id:8816 Lease Term:Expires April 3.. Monthly Rent$2841.79, Sq.ft.1350,
Listing Id:8796 Lease Term:Valid through M.. Monthly Rent$3611.25, Sq.ft.1926,
Listing Id:8771 Lease Term:Valid through J.. Monthly Rent$6108.00, Sq.ft.1400,
Listing Id:8763 Lease Term:Expires April 3.. Monthly Rent$2841.79, Sq.ft.1350,
Listing Id:8670 Lease Term:Expires in June.. Monthly Rent$1500.00, Sq.ft.1100,
Listing Id:8646 Lease Term:expires 2023 Monthly Rent$2700, Sq.ft.1500,
Listing Id:8514 Lease Term:Expires 11/2027.. Monthly Rent$2800, Sq.ft.1300,
Listing Id:7679 Lease Term:expires August .. Monthly Rent$6896, Sq.ft.3000,
Listing Id:7430 Lease Term:3/2023 Monthly Rent$929, Sq.ft.1000,