#1 Restaurants for Sale Brokerage Company

SellingRestaurants Will Now Represent Buyers on Non-SellingRestaurants Listings!

If you've been thinking about buying a restaurant, bar or club, then think about using our services to help you through the process.  Who better to use than a brokerage house that has sold more than 370 restaurants, bars and clubs in the past 5 years?

Our agents are experienced, well trained, and know how to get deals done.  So give us a call at 800-576-3516 to get started!

You can also retain us to find you a restaurant.  Just give us a call and we'll get started in the search.  We have a database of over 80,000 restaurant owners in Arizona, California and Washinton to help us find you a business.

Here is More on the Buying Process - Restaurant For Sale

SellingRestaurants specializes in selling restaurants, bars, clubs and related food and beverage businesses. We've provided brokerage and valuation services for the restaurant industry for over 16 years. We have the experience, expertise and objectivity to answer restaurant buying questions. We match your needs, interest, experience and financial capabilities to the right business listing.

We're not here to sell you a business; we're here to establish a long relationship with you whether you buy a business from us or not and to educate you about the buying process.  Always feel free to call us if you have questions.  Most of our agents are former restaurant owners themselves. 

WHAT IT TAKES TO BUY A FOOD AND BEVERAGE BUSINESS

Before considering buying a food and beverage business here are some considerations:

1. Unless the business has solid tax returns showing good profit, there is virtually no chance of getting a bank loan on the business unless you're expanding an existing business.  But even in that case, one must provide tax returns to the bank showing the business is profitable. If the business is profitable on the tax returns (see below for clearer definition), then the chances of getting a loan are good, but certainly not an absolute because there are other factors involved in the bank's decision process as well.

2. In order to get a bank loan on the restaurant, bar or club, the buyer must have 5 years experience managing a food and beverage business of similar type.  For example, if one's owned a Subway and wants to buy a club, the chance of getting a loan are very low because the businesses are not similar - but not impossible though.

3. The buyer will need good credit with FICO scores above 650.

4. And we mustn't ignore one of the most important factors, the landlord.  Just like the bank, the landlord's going to want a buyer to meet certain critieria before allowing the buyer to take over the business.  Remember, a business can't be transferred without landlord approval.  If a Seller tells you otherwise, they're lying to you. The landlord wants to see good experience, good credit and plenty of working capital in the bank - CASH!

5. And lastly, to avoid the restaurant experience issue one can buy a national franchise approved by a bank.  Both landlord and banks will take the franchise instead of the experience.  However, there are certain franchises that have been blacklisted by banks due to weak performance so be careful and give us a call.

So if you're not sure whether you qualify for buying a restaurant, bar or club, give us a call and we can certainly help you.

USING OUR WEBSITE and OUR LISTINGS

To get the most from our website and services, please become a free member with us.

12 Steps to Buying a Business through SellingRestaurants

1. As SellingRestaurants is honest and professional in selling restaurants, bars and clubs, we ask buyers to be equally honest and professional throughout the buying process. 
    
2. You must sign SellingRestaurants on-line Confidentiality Agreement and Disclaimer prior to receiving business information. This is done at the convenience of your computer, no paper or faxing required. All proprietary business information must be kept confidential, including the business name and address. Before a purchase agreement is drafted, the Buyer should not discuss the business sale anyone who is not bound by the confidential agreement, particularly the owner, employees, or customers. 
    
3. You agree to visit the restaurant, bar or club and not reveal you're a Buyer to anyone at the business. 
    
4. You agree to provide accurate information about yourself, such as contact information, experience background, types of businesses desired, geographic regions desired, and financial information. 
    
5. SellingRestaurants will provide a selling package on businesses you're interested in. 
    
6. SellingRestaurants schedules a phone conversation or on-site meeting with the Seller, giving you the chance to ask questions about how the business operates and to discuss your qualifications with the Seller. 
    
7. You agree not to discuss price and terms with the Seller. 
    
8. Once satisfied, you make an offer with contingencies to purchase along with a good faith deposit. The most common contingencies are:
    
   
   • Financial due diligence and verification.
   • Transferring of existing lease or negotiating a new lease.
   • Financing, if required.
   • Inspection of the fixtures and equipment.
   • Transfer of Alcohol License, if any.
   • Approval of Seller's Disclosure Statement.

   You can have your attorney draft the purchase agreement or SellingRestaurants can draft the purchase agreement on a SellingRestaurants exclusive food & beverage purchase agreement. 

9. The offer is presented to the Seller and the Seller rejects, accepts or counters it. 
    
10. A bulk sale escrow is opened and the contingencies to purchase are diligently addressed by the Buyer and Seller. SellingRestaurants manages the escrow process and assist the Seller, and on behalf of the interest of our Seller, we help the Buyer meet all the closing requirements to complete the purchase. 
     
11. When contingencies to purchase are removed, the bulk sale process is initiated. This included the publication process as well as the creditor clearance process.
12. Signing of the escrow/closing documents occurs just prior to closing. At this time the balance of the purchase price plus inventory and closing costs is deposited into escrow. The two parties sign escrow documents. Inventory is counted the night before closing. And the deal closes.

Don't Forget to ask the SellingRestaurants agent for the "Important Points about Buying a Restaurant" brochure.