This is a continuation of our
most recent article on how Restaurant Realty
Company’s services result in taking excellent care
of our clients. Some of the additional
services Restaurant Realty provides are discussed
below.
1. My many years as a
restaurant chain owner, my current status as a
restaurant landlord and the nearly 700 restaurant,
bar and/or nightclub transactions I have completed
have helped me become an expert in understanding and
negotiating leases. This expertise is
invaluable to our clients in helping them negotiate
the best lease terms and conditions possible.
Immediately after obtaining the listing with the
seller we introduce ourselves to the landlord and
try to develop a rapport with them. By
explaining our past experience and our screening
process coupled with having a continued ongoing
dialogue with the landlord throughout the
transaction usually leads to obtaining favorable
results for the buyer and seller.
2. We oversee the due diligence process with
our clients to help them understand clearly all of
the financial, operational and administrative
aspects of the business. The due diligence
process includes physical inspection of the premises
and review of all the financial books and records,
leases, equipment lists and other important
documents such as equipment leases, franchise
agreement, etc. if applicable. If the business
is making money we prepare an adjusted cash flow
analysis for the business which helps the buyer
understand all of the financial benefits of owning
the business.
3. Restaurant Realty is well versed in
interfacing with the Department of Alcoholic
Beverage Control which controls the issuance and
transfer of beer and wine, hard liquor and brewing
licenses. Because of our vast experience we
have a clear understanding of what needs to be
accomplished to complete the issuance and transfer
process in a timely fashion. We are able to trouble
shout potential problems and help our clients avoid
delays in this process.
4. Our Buyer Coordinators follow up with our
back of the house appointments with buyers to gather
constructive feedback to give to our sellers so they
can help us fine tune our approach to marketing
their business for sale. Our Buyer Coordinators also
give our sellers periodically the current count of
signed confidentiality agreements for their listing
which helps the seller understand the degree of
buyer interest for their business.
Our past experience in completing
over 2000 restaurant, bar and night club valuations
as well as selling nearly 700 restaurants, bars
and/or nightclubs provides the seller with a unique
vantage point for pricing their business. If
you want to sell your business in a professional and
expeditious fashion, Restaurant Realty is there to
provide all of the services necessary to complete
the task.
Ron DeGrande of Dominic’s
Ron started his restaurant career as a busboy at age
14 working in a restaurant in Lodi, CA that was an
institution called The Cosmopolitan. From there he
ended up playing professional baseball for a short
stint and then Ron worked in various businesses
until he opened his first business at age 27 called
California Catering in Stockton. Although he wanted
to study law, he was too successful in his food
service endeavors to take time to go to law school.
Instead Ron continued to build his food service
group.
In 1986, the Elk’s Lodge in South
San Francisco contacted Ron to run their operation
and then in 1996 the South San Francisco Conference
Center came under his management. In 1997 the Walnut
Creek Elk’s Lodge requested his services.
In
1999 Ron founded Dominic’s of Oyster Point named
after his father who had been the general manager of
Westlake Joe’s for 25 years. Building on that
success Dominic’s at Poplar Creek Golf Course in San
Mateo was opened in 2000. Restaurant Realty recently
sold this business for Ron. In 2001 Oyster Point
Hotel’s restaurant and banquet facility was added to
Ron’s operation. In 2004 Moore’s Riverboat of
Isleton became part of his business.
Today Ron and his son Chris
oversee 260 employees in their diverse operations.
To Ron the most important part of his business is
providing excellent customer service that leads to
customer satisfaction. He feels that any business
enterprise must include not only pleasing his
customers but having a good relationship with his
landlords.
