Is it time to sell? Contact us today at 678.488.9918 or via email
Are you tired, ready to retire, short on capital, partners arguing, cannot locate staff, or have simply had enough, and are ready to move on? Making this decision is one of the hardest things you will do. We know, we have been through the process. But, we can help you through the process and ultimately, do our best to market and sell your business. (Unless authorized, we keep the listings private.)
While your listing will be listed on an individual page, the restaurant name, address, or owner name, will not be mentioned. Confidentiality is a key to maintaining your guests, and we are well aware of this. If a buyer is interested in reviewing the information on your listing, we will ask for an NDA and a proof of funds letter from their financial institution. Both items will have to be signed by them. Once we have their information in hand, we will contact you, and then provide them with the information you provided to us. You make the approval, not us.
While your listing will be listed on an individual page, the restaurant name, address, or owner name, will not be mentioned. Confidentiality is a key to maintaining your guests, and we are well aware of this. If a buyer is interested in reviewing the information on your listing, we will ask for an NDA and a proof of funds letter from their financial institution. Both items will have to be signed by them. Once we have their information in hand, we will contact you, and then provide them with the information you provided to us. You make the approval, not us.
What we do
Assets: We help you sell your assets. This may include your equipment, supplies, trademarks, company name, etc.
Marketing: Market your business to our list of professionals, investors, business websites, commercial sites, and buyers. With our background in the Atlanta restaurant market, our contacts in the industry, and our professional marketing plan, we will do whatever it takes to help you sell your business.
Valuations: By reviewing your information provided to us, with your help, we will arrive at a local market valuation. Our goal is to help you get the best value for your business.
Restaurant Profile: We will add your information (Privately and with no name) to a restaurant sales page along with an identity code for your business. It will be listed on is own page and we will market the page.
Presentation of offers: Once we receive an offer, we will send it to you immediately. You will have to make the decision. While we can coach and guide you through this process, you will be the decision maker on the final offer/acceptance.
Closing: Upon acceptance of an offer and paid escrow, we will meet at the closing attorney's office and complete the business transaction.
Marketing: Market your business to our list of professionals, investors, business websites, commercial sites, and buyers. With our background in the Atlanta restaurant market, our contacts in the industry, and our professional marketing plan, we will do whatever it takes to help you sell your business.
Valuations: By reviewing your information provided to us, with your help, we will arrive at a local market valuation. Our goal is to help you get the best value for your business.
Restaurant Profile: We will add your information (Privately and with no name) to a restaurant sales page along with an identity code for your business. It will be listed on is own page and we will market the page.
Presentation of offers: Once we receive an offer, we will send it to you immediately. You will have to make the decision. While we can coach and guide you through this process, you will be the decision maker on the final offer/acceptance.
Closing: Upon acceptance of an offer and paid escrow, we will meet at the closing attorney's office and complete the business transaction.
What you have to do
You will have to get your restaurant ready to sell. Think about it: When you walk into a house to purchase, it's organized, clean, it smells good, and people have a WOW effect. Your restaurant should be the same. If it has not been cleaned, is not organized, and it shows that there has not been any love placed into it in years, you may have a challenge selling it. So, your responsibility will be to get organized, clean, and make the place look good. Food tastes better with great service right? Well, restaurants sell better if they look good!
Numbers: Your financial statements should be in order and should have been completed by an accountant. This includes the income statement, balance sheet, and if asked for, a general ledger. The more information, the better. Additionally, you will need proof of sales from your monthly retail tax payments and POS system. Any information provided by you should be truthful and if asked any questions by the buyer, you should have an open book for their review. Full disclosure is the key to selling your business.
Landlord: You will need to get your landlord in the loop and discuss your options. They will also have to agree on the sale and possibly the new owners.
Attorney: You will need one. So if you do not have a contract attorney, it would be wise to have one by your side. They will assist you in the transaction and ensure you will be completing the contracts legally and correctly.
Letter of Intent: As we send you buyers, and before the entire operation is reviewed, we recommend having a letter of intent drawn up by your attorneys and having the buyer sign the intent to purchase. This will set apart the buyers who are serious and those who are not.
Equipment list: If you do not have a complete FFE list, be sure to get one completed and have it available to review. If there is something in your operation that will not be transferred with the sale, it would be smart to leave it off the list and take it out of the premises.
Numbers: Your financial statements should be in order and should have been completed by an accountant. This includes the income statement, balance sheet, and if asked for, a general ledger. The more information, the better. Additionally, you will need proof of sales from your monthly retail tax payments and POS system. Any information provided by you should be truthful and if asked any questions by the buyer, you should have an open book for their review. Full disclosure is the key to selling your business.
Landlord: You will need to get your landlord in the loop and discuss your options. They will also have to agree on the sale and possibly the new owners.
Attorney: You will need one. So if you do not have a contract attorney, it would be wise to have one by your side. They will assist you in the transaction and ensure you will be completing the contracts legally and correctly.
Letter of Intent: As we send you buyers, and before the entire operation is reviewed, we recommend having a letter of intent drawn up by your attorneys and having the buyer sign the intent to purchase. This will set apart the buyers who are serious and those who are not.
Equipment list: If you do not have a complete FFE list, be sure to get one completed and have it available to review. If there is something in your operation that will not be transferred with the sale, it would be smart to leave it off the list and take it out of the premises.
Even if you have one question, we are always happy to help you.
Segments and Concepts
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Sandwich shops have been some of the best segments to own. They give owners the opportunity to work until about 6:00 PM and most of the times, it is during the weekdays. This maintains an attractive opportunity for many people either getting into the business or just entering the restaurant business.
Pro's: Weekday hours, costs, labor, minimal staff, catering possibilities Con's: Some slow times, staffing is difficult, low growth for management |
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Bars and lounges are attractive businesses for many individuals interested in working the evening hours. There are late nights, loud music, and lots of slinging alcohol. Either way, it is a lucrative segment of the hospitality industry. This segment involves Eatertainment and Hookah Bars which are both high profit makers.
Pro's: High profits, low labor, lower entry cost compared to full-service Con's: Late hours, tough to staff, turnover of the staff. |
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Full-service restaurants are always attractive for individuals who have already been in the restaurant business. The reason is this is the segment they know and understand. It is s segment that can be casual, sports, upscale, or other types of dining.
Pro's: High check averages, consistent clientele, professional staff Con's: Must know the segment, high labor, high entry costs, high expenses |
