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
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:9101 Lease Term:New Lease Avail.. Monthly Rent$5300, Sq.ft.2500,
Listing Id:9081 Lease Term:5 Monthly Rent$$1300, Sq.ft.1500,
Listing Id:9072 Lease Term:1, 1 Monthly Rent$4000, Sq.ft.1250 ,
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:9067 Lease Term:Dec 2022 + 5 ye.. Monthly Rent$1003.45, Sq.ft.1642,
Listing Id:9059 Lease Term:Expires October.. Monthly Rent$6000, Sq.ft.4000,
Listing Id:9045 Lease Term:New Lease Avail.. Monthly Rent$12000, Sq.ft.7700,
Listing Id:9034 Lease Term:2 Monthly Rent$3979.81 , Sq.ft.2094,
Listing Id:9031 Lease Term:5/20/2031 Monthly Rent$3527.00, Sq.ft.1550,
Listing Id:9028 Lease Term:N/A Monthly Rent$n/a, Sq.ft.n/a,
Listing Id:8996 Lease Term:Expires Novembe.. Monthly Rent$9000-- Sq.ft.2000--
Listing Id:8992 Lease Term:August 31, 2030 Monthly Rent$3563.45, Sq.ft.1600,
Listing Id:8971 Lease Term:May 2025 Monthly Rent$3157.18, Sq.ft.1400,
Listing Id:8933 Lease Term: 5 Monthly Rent$11969, Sq.ft.2700,
Listing Id:8894 Lease Term:Expires July 31.. Monthly Rent$6843, Sq.ft.2399,
Listing Id:8843 Lease Term:July 2022 Monthly Rent$4500, Sq.ft.1200,
Listing Id:8838 Lease Term:Valid through N.. Monthly Rent$7670.75, Sq.ft.2450,
Listing Id:8834 Lease Term:2027 Monthly Rent$1640.10, Sq.ft.700,
Listing Id:8818 Lease Term:September 30, 2.. Monthly Rent$8987.58, Sq.ft.2625,
Listing Id:8810 Lease Term:Valid through D.. Monthly Rent$7659.77, Sq.ft.2600,
Listing Id:8788 Lease Term:1, 5 Monthly Rent$5100-, Sq.ft.2712-,
Listing Id:8787 Lease Term:Expires Februar.. Monthly Rent$4798.80, Sq.ft.1500,
Listing Id:8782 Lease Term:December 2022 Monthly Rent$4099, Sq.ft.700,
Listing Id:8779 Lease Term:Five Year Term .. Monthly Rent$6422.92, Sq.ft.2500.,
Listing Id:8771 Lease Term:Valid through J.. Monthly Rent$6108.00, Sq.ft.1400,
Listing Id:8764 Lease Term:Expires 3/2022 .. Monthly Rent$6300, Sq.ft.4167,
Listing Id:8739 Lease Term:Valid through S.. Monthly Rent$5533.00, Sq.ft.1600,
Listing Id:8721 Lease Term:2, 2 Monthly Rent$4100 Sq.ft.1300
Listing Id:8681 Lease Term:Valid through 0.. Monthly Rent$4413.34, Sq.ft.1600,
Listing Id:8668 Lease Term:5 years Monthly Rent$1100, Sq.ft.1400,
Listing Id:8665 Lease Term:Exoires June 30.. Monthly Rent$5000, Sq.ft.1200,
Listing Id:8623 Lease Term:2022 Monthly Rent$909.00, Sq.ft.950,
Listing Id:8608 Lease Term:TBD Monthly Rent$1, Sq.ft.1,
Listing Id:8580 Lease Term:5 years Monthly Rent$4300, Sq.ft.1540,
Listing Id:8566 Lease Term:Expires Februar.. Monthly Rent$3111.09, Sq.ft.1100,
Listing Id:8543 Lease Term:3 Monthly Rent$11412.43- Sq.ft.695---
Listing Id:8527 Lease Term:May 2022 Monthly Rent$3300, Sq.ft.1200,
Listing Id:8514 Lease Term:Expires 11/2027.. Monthly Rent$2800, Sq.ft.1300,
Listing Id:8511 Lease Term:Up for renewal .. Monthly Rent$1726, Sq.ft.1956,
Listing Id:8492 Lease Term:1 Monthly Rent$4350.00-, Sq.ft.1242-,
Listing Id:8480 Lease Term:5 Monthly Rent$5000- Sq.ft.1540-
Listing Id:8435 Lease Term:Sept 2025 Monthly Rent$1543.36, Sq.ft.825,
Listing Id:8428 Lease Term:TBD Monthly Rent$0.00, Sq.ft.112,
Listing Id:8411 Lease Term:10 years ending.. Monthly Rent$8100- Sq.ft.2200-
Listing Id:8410 Lease Term:5 years Monthly Rent$4300, Sq.ft.1540,
Listing Id:8405 Lease Term:Renews with 1 5.. Monthly Rent$1850 to 2400 , Sq.ft.2500 ,
Listing Id:8358 Lease Term:September 2024 Monthly Rent$6000, Sq.ft.5500,
Listing Id:8174 Lease Term:NA Monthly Rent$3500, Sq.ft.2400,
Listing Id:8139 Lease Term:2026 Monthly Rent$4500, Sq.ft.4884,
Listing Id:8023 Lease Term:expires 2023 wi.. Monthly Rent$3700, Sq.ft.1400,