- 5 Questions Buyers Always Ask
- What is the rent?
- Generally, a well-run restaurant will have no more than 15% in rent
as a % of sales
- How much time is remaining on the lease?
- More is better. 7+ years and a flexible landlord are key
- Who does the cooking?
- If an owner does the cooking, the offer price will be discounted.
- If the cooking staff has been on board for a long time, that’s a
plus, especially if the owner is an absentee manager.
- Is there seller financing available?
- With bank credit so tight these days, sellers are providing the
bulk of the financing…usually 50% of the asking price or more.
- Are there good books and records?
- Good books and records will justify the asking price. Poor or non-
existent books/records will cause a buyer to offer less.
MegaBite Restaurant Brokers
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| email us: CLICK HERE or send to: info@MegaBite-RB.com call us: 214-405-0385 |