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The Market For Buying Restaurants

By in 2004 - Volume 6

There is a strong buyer pool as a result of the following:

1) the high unemployment rate due to corporate layoffs and downsizing;

2) the large number of foreigners that want to get into this business because this an easier entry business opportunity compared to more complex businesses;

3) buyers want to put their whole family to work in the business;

4) people want be their own boss;

5) buyers want to express their creativity and

6) some talented chefs are being financed by investors who like their food

Most all of our transactions are all cash transactions and the serious buyers seem to have plenty of cash as a result of credit lines from their homes, money they have pulled out of the stock market, retirement money for those baby boomers that were asked to take early retirement, savings and other sources.

There are a high percentage of buyers that are looking for businesses that generate cash flow so if you own a business that falls in this category there is a big demand for this type of business assuming the business is reasonably priced. There are a number of buyers that are looking for businesses with real estate as they want to build equity rather than pay rent and some of these buyers are coming out of 1031 tax deferred exchanges from selling other pieces of real estate. There are a number of buyers that have their own concept and are looking for a well located restaurant with a good lease that they can change with a modest cosmetic remodel.

Why don’t you join the over 600 satisfied Restaurant Realty Company sellers and buyers to use our services to help you locate a business to purchase or help you sell your business at the maximum price on a confidential basis, if desired?

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About The Author
Steven Zimmerman, CBI, M&AMI, CBB, FIBBA

Steve is the Founder, Principal Broker and Chief Executive Officer of Restaurant Realty Company. Steve has personally sold/leased over 1,000 restaurant, bar and/or nightclub businesses and many related commercial buildings totaling 2+ million square feet of commercial space, collaborated with over 2,000 clients and completed over 3,000 valuations since 1996.His real estate experience also includes sales, acquisitions, management and ownership of numerous properties throughout California including restaurants, hotels, apartment buildings, single family houses, an office building and a multi-use retail building. Steve is also the author of Restaurant Dealmaker – An Insider’s Trade Secrets for Buying a Restaurant, Bar or Club available on Amazon. Prior to starting Restaurant Realty Company Steve had over 20 years of restaurant experience and was President and Chief Executive officer of Zim’s Restaurants, which was one of the largest privately owned restaurant chains in the San Francisco Bay Area. READ FULL BIO | HIRE EXPERT WITNESS - LEARN MORE