| Buying a restaurant in any major city has reached | | | | fierce. You want to be the first to market with |
| a new height of popularity. Would-be small | | | | the latest ideas. There is no waiting on your |
| business owners are meshing a love of food with | | | | restaurant to open when you buy a restaurant |
| a desire for business ownership to create | | | | versus building from scratch. |
| unprecedented demand for restaurants for sale. | | | | Every brand new restaurant suffers as the sales |
| With high failure rates on start up restaurants | | | | volume builds. That is not the case with buying a |
| (nearly 60% fail by year three), well-known | | | | going concern where restaurant sales are already |
| restaurants with a track record are hot | | | | established. Even a restaurant undergoing a |
| commodities. Earning rewards in the restaurant | | | | change of concept has an established traffic |
| industry comes quickly to those that buy instead | | | | pattern from the current location. Buying these |
| of launching a new restaurant. Restaurant buyers | | | | sales in a restaurant purchase can be far less |
| find the advantages are immediate and the risk is | | | | costly than developing them over time a |
| minimized. It is no wonder this path to achieving | | | | customer at a time or a marketing campaign at a |
| the dream of owning a restaurant is coming | | | | time. Growing sales from $1000 a week to $2000 |
| through the purchase of a restaurant for sale | | | | a week means a 100% increase each and every |
| rather than the start up of a new concept. | | | | week before you realize baseline volume to |
| Managing the cost is the number one reason to | | | | satisfy your costs. That can be a difficult job in a |
| buy over building. Restaurants can not succeed | | | | competitive restaurant market. |
| when the cost of capital exceeds the income | | | | A significant reason for most to buy restaurants |
| over a sustained period of time. Lack of capital is | | | | for sale is the cash flow from existing operations. |
| the single biggest reason that most restaurants | | | | Manufacturing and retail businesses often sell for |
| close after only a few months. Just because a | | | | many times cash flow while restaurants with |
| sous chef is brilliant in the kitchen will not mean he | | | | good books and records can often be acquired |
| or she is equally skilled at managing construction | | | | for three times earnings or less. A restaurant |
| simply because a restaurant is being built. | | | | owner can buy a restaurant for sale and pay off |
| Restaurants built from the ground up are closer | | | | the purchase in less than three years leaving |
| to the cable TV "flipping" shows where the costs | | | | himself with a debt free earning machine. That is |
| far exceed the budget and the timeline stretches | | | | a very attractive financial scenario for most |
| beyond the original goal. | | | | restaurant buyers. Brokers that specialize in |
| You can shorten your time to market when you | | | | restaurants for sale have access to listings and |
| buy a restaurant for sale. Evaluate whether you | | | | information on multiple opportunities in the |
| want to be in business next week serving your | | | | marketplace. Buying that established restaurant |
| latest special or waiting an average of six months | | | | for sale gives you clear costs, verifiable earnings |
| for licensing, permitting, building and then opening | | | | and instant revenue. That is the fast path to the |
| your restaurant. Competition in major markets | | | | restaurant industry for most. |
| like Atlanta, Georgia or San Francisco California is | | | | |