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5 Questions Buyers Always Ask
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What is the rent?
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Generally, a well-run restaurant will have no more than 15% in rent as a % of sales
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How much time is remaining on the lease?
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More is better. 7+ years and a flexible landlord are key
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Who does the cooking?
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If an owner does the cooking, the offer price will be discounted.
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If the cooking staff has been on board for a long time, that’s a plus, especially if the owner is an absentee manager.
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Is there seller financing available?
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With bank credit so tight these days, sellers are providing the bulk of the financing…usually 50% of the asking price or more.
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Are there good books and records?
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Good books and records will justify the asking price. Poor or non-existent books/records will cause a buyer to offer less.
MegaBite Restaurant
& Bar BrokersContact us (817) 467-2161
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