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Questions to Ask About a Restaurant Business for Sale

How do you know which restaurant business for sale is for you? By asking them all the same set of screening questions, to make sure it is something worth more of your time.

Here are twenty key questions to uncover the hidden gems among the piles of garbage waiting out their for you to invest in with your hard earned money and hopes and dreams.

  1. Why are you selling?
  2. What kind of marketing have you been doing?
  3. How many of your customers know you personally and depend on their relationship with you?
  4. What thing(s), if they happened, would ruin the business?
  5. Who are your competitors and why do you lose business to them?
  6. Which, if any, of your employees are
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Restaurant for Sale Analysis- Buying a Coffee Shop Example

If you are looking at buying a restaurant as a way of getting started, then you need to learn how to quickly and heartlessly tear the business apart so you know if it s worthy of any more of your time.

Once you’ve done it a few times, and learned the key questions to ask, you will be able to do it effortlessly, and it will take you only a couple minutes.

For this example, we are looking at a coffee shop that was listed at bizbuysell.com, which is a great place to find listings. The ad may not be up, depending on when you read this, it may no longer be around. It doesn’t matter, though- here are the … Keep reading

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Restaurant for Sale Analysis Example: Sandwich Shop Part 1

Buying a restaurant for sale can be a great way to get into the restaurant business and there are quite a few pros to the concept. For example, you should have immediate cash flow and customers and a good idea of the operating history of the business. You should also have an easier time finding financing and you get to skip a lot of the work that goes into starting a restaurant from scratch or even with buying a franchise.

On the other hand, you have to be very careful when buying a restaurant that you aren’t A) paying good money for someone else’s loser B) you are paying the right price for the actual value you are receiving.

The … Keep reading

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