It sounds so simple, doesn’t it? Just place an ad in the paper, find a buyer and close the deal.
As brokers, we hear the horror stories most restaurant owners experience when trying to sell their restaurant without using a broker. Most stories go something like this: “I placed an ad in the local newspaper and got plenty of phone calls, but they were all tire-kickers looking for a deal. And they called in the middle of lunch hour! I was so frustrated with the process. . I would spend hours talking to this buyer and showing the business, only to have the person disappear on me. All this effort wasted after spending $500 on a two-week newsprint ad!”
Some Sellers do find buyers. But that’s when all the questions pop-up: How would Iqualify the buyer? What contracts do I need? How do I protect myself from unscrupulous Buyers who sue for any reason? What escrow company do I use? How do I setup the deal for success with the landlord, who is always the deal-killer? How do I find financing for the deal and setup my business for a loan? How do I get the deal closed;, what are the steps needed to close this deal? Am I getting top-dollar for my restaurant?
If you’ve tried to sell your restaurant on your own, and have been frustrated with the results, give one of our agents a call to find out how we make the process simple for you while we get you top-dollar for your restaurant, bar or club and do it in a professional and confidential manner.
