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Time to Jump Into The Restaurant and Bar Business
Aug 10, 2021
Sometimes the best time to invest in a certain business is when everyone else is not investing in a particular business or industry. In this case, we’ve seen the pandemic scare people away from restaurants and particularly bars. As a result, revenues have declined for certain business while for other businesses, who’s business models have been take-out and delivery, have boomed. But nevertheless, the multiples for all restaurant businesses have taken a beating in the past 18 months.
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Negotiating A Lease That Allows Your Business To Thrive
Jul 14, 2021
Negotiating a fair lease with proper terms is crucial to the success of your business. Unfair or outrageous lease agreements kill your business! Don't go into these negotiations alone. Let Selling Restaurants do the negotiating for you... At no charge to you!
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The Covid-19 Effect On Selling Your Restaurant
Jul 15, 2021
Restaurant owners are in a class by themselves! They’re resilient! They’re creative! They’re probably the best entrepreneurs of any industry. During this pandemic they were at the mercy of erratic government rules and regulations that would change from week to week with no rhyme or reason.
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THE TAX IMPLICATIONS OF INVESTING IN A RESTAURANT
Mar 26, 2008
ISSUE This is a good question for every Seller to read and understand. A client asked: "Do I pay taxes on the entire sale price of my restaurant or is it only on any profit made." Example If I owe $200,000 and I sell it for $300,000 do I only pay taxes on $100,000?
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GOOD NEWS FOR RESTAURANTS! PPP Is Back!
Dec 23, 2020
Congress passed a new COVID-19 Bill this week that includes the second wave of the PPP loans with $284 Billion being allocated to the SBA for pandemic-induced hardships.
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But, I thought paper straws were eco-friendly?
Aug 27, 2019
Paper straws are a single-use disposable and still waste the world’s finite resources (water, timber and land for logged trees) as they are re-manufactured constantly to be used for just a few minutes...
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IRS is Handing Out Certificates of Value!
Dec 27, 2018
Now that I have your attention, the headline is very true and accurate. Every year a tax return is demanded by the IRS and in return, the U.S. government returns a certificate of value, more often referred to a good tax return.
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SBA Economic Injury Disaster Loan Program
Mar 23, 2020
Restaurant and bar owners have probably suffered the worse in this virus created pandemic, killing jobs and restaurants. If you need working capital and a loan to make it through, here is how you start the process.
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Sell Your Restaurant Counseling Advise
Sep 13, 2018
A marriage counselor somewhat new to the profession is nervous about his upcoming session with a couple that is seeking marital advice, so he asks a more senior counselor to sit in on the session.
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Now is the Time for Landlords and Tenants to Modify Leases
Mar 25, 2020
As I sat at the new desk in my new office last week, which is the dining room table in my home, flanked by our daughter's art station on my left and our son's Lego table on the right, watching the Stock Market drop more than 2,000 points in one day and businesses closing their doors, I thought to myself, "Wait a minute! We just did this twelve years ago!"
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Choosing The Best Restaurant Broker
Sep 13, 2018
In this age of technology, making a smart restaurant broker decision is much easier than it was 20 years ago. There are thousands restaurant brokers in the United States and around the world to choose from, so how do you make a choice of who is going to best sell your restaurant and bar? The answer is easier than you think!
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Maryland Restaurants for Sale Advertising Has Begun
Jun 19, 2020
Jim McGinnis of Restaurant Brokers and Developers, Inc. has started to advertise his restaurant and bar listings on SellingRestaurants.com. Jim has been a restaurant broker in Maryland...
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Moving to Chicago
Sep 14, 2018
Bob was sitting on the plane when a guy took the seat beside him. The guy was an emotional wreck, pale, hands shaking, moaning in fear.
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Virginia Restaurants For Sale Advertising has Begun
Jun 19, 2020
Jim McGinnis of Restaurant Brokers and Developers, Inc. has joined the SellingRestaurants platform to advertise and market his restaurants and bars in...
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Delaware Restaurants For Sale
Jun 19, 2020
Jim McGinnis has joined the SellingRestaurants family to advertise his restaurants and bars for sale. Jim has 38 years in the business and he recognizes the power of SellingRestaurants.com...
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What should My Restaurant ‘s Operating Costs be?
Nov 5, 2018
There is a never-ending debate about what percentages should a food business maintain in order to be profitable...
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Las Vegas Restaurants and Bars For Sale
Jun 19, 2020
Trent Lee has joined the SellingRestaurants platform to market and advertise his restaurant listings. Trent joins a long line of business brokers who are relying on SellingRestaurants.com to...
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Outbreak of E. coli Infections
Nov 20, 2018
Today, the U.S. Centers for Disease Control (CDC) issued an unusually broad food safety alert that we want to make sure you see as soon as possible:
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Miami Restaurants and Bars For Sale
Jun 19, 2020
Russell Cohen of Murphy Business Brokers has joined the SellingRestaurants platform to help him sell his restaurants and bars in the Miami and Fort Lauderdale area in Florida. Ru
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Best New Restaurant Award Won By JuneBaby in Seattle!
May 8, 2018
The James Beard awards were recently held in Chicago where JuneBaby owned by Chef Edouardo Jordan won the Best New Restaurant Award...
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Make Your Restaurant More Profit Before Selling
Nov 5, 2020
The pandemic placed challenges on the restaurant industry like we’ve never seen and let’s hope we never see again. But with every storm, we learn to survive and thrive, making us stronger and smarter. I talk to hundreds of restaurant owners each month and their creativity is nothing less than inspiring.
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41 Restaurants Sold Through August
Aug 20, 2018
SellingRestaurants.com is having a banner year with 41 restaurants sold through August and a 71% success rate! In other words, SellingRestaurants is selling 71% of the restaurants and bars it lists!
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700th Restaurants Sold This Month
Dec 23, 2020
SellingRestaurants reached a milestone this month selling its 700th restaurant. Despite the pandemic, SellingRestaurants continues to sell restaurants even during this pandemic,
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Increasing The Value Of Your Business
Apr 19, 2018
I've been selling restaurants for 15 years, taking my responsibility to my clients very serious. The easiest way to increase the value of a business is to properly market the business. What does this entail?
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SellingRestaurants.com sells 21 Restaurants in the First Quarter of 2018!
Apr 19, 2018
SellingRestaurants.com sold 21 restaurants in the first quarter of 2018.
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SellingRestaurants.com Hit Another Milestone - 600 Restaurants Sold
Nov 11, 2017
SellingRestaurants.com continues to hit major milestones with the latest being the selling of 600 restaurant businesses with a total sales value of $102 million dollars!
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The Disadvantages of Buying an Existing AAA Franchise
Dec 27, 2017
There are a few things I've learned in this business over the years and today I want to share one of them. People have a belief that buying an existing AAA franchise such as McDonalds, Taco Bell, Jack-in-the-Box, etc. are great deals with low risk. On the surface, sure sounds like it.
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Franchises Approved by SBA for Acquisition
Feb 14, 2018
The SBA has published a list of franchise businesses approved for SBA lending. This doesn't mean the franchise isn't available for financing per se, it could mean the lender needs to go direct to the SBA to get approval. Check with your loan officer or under-writer for more details. Here is a link to the SBA website listing the franchises that are approved.
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How Much is My Commercial Building Worth?
Nov 29, 2017
...the value of an asset is worth the discounted cash flow it generates. In plain English, a piece of real estate is generally worth the annual income it generates (fair market net rents) divide by expected return.
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SellingRestaurants Closes $1.5 Million Deal in Sacramento! Largest in Sacramento History!
Oct 24, 2017
SellingRestaurants closes the largest single unit restaurant deal in Sacramento history at $1.5 million not including the real estate! Although the new owners want confidentiality of the name, this is a California Italian upscale restaurant that has operated for 30+ years with revenues in excess of $3.5 million.
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Check Those A/C Units Before You Buy!
Sep 26, 2017
No matter the climate your business is located, checking those HVAC of A/C units is critical. This past summer was a test of some areas where temperatures tend to be moderate, but when the high heat struck, I walked into a number of restaurants where it was clear the HVAC units were not operating properly.
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Unprofitable Restaurants Can Have HUGE Value!
May 5, 2017
I recently listed a restaurant business doing more than $4.1 million a year. The owner struggles with managing labor cost, which are running 48% of the revenue, making this a marginally profitable business despite having a rent factor of 5.5%.
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Landlord's Are Getting Greedy...Again! Use a Smart Restaurant Broker!
Jan 10, 2017
There is a trend I'm seeing in the marketplace over the past year; that being landlord's are charging unsustainable rents. This is usually followed by an unusually high failure rate in the restaurant business.
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To Buy Versus To Start-Up? That is the Question!
Feb 21, 2017
According to Keith Gillman of Restaurantdata.com, a company that tracks all opening and closing of restaurants across the United States, 10% of the restaurants fail in the first six months, another 10% fail the second six months and thereafter 10% fail each year. Cornell University study roughly supports
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SellingRestaurants Sells 32 Restaurants in First Half of 2017!
Jul 28, 2017
SellingRestaurants is on fire with 32 restaurants sold in the first half of 2017, beating records dating back to 2008, before the great recession. The total sales price of these restaurants is more than $7 million.
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Tax Intricacies for Immigrants
May 10, 2017
The United States continues to be a magnet for foreign immigration with somewhere between 8 to 20 million new immigrants settling here over the past decade depending upon which statistics one reads. Not all of those coming here are the illegals which are so prevalently highlighted in the nightly news.
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How To Buy a Restaurant Making $100k+ a year with Only $30k Down!
Dec 5, 2016
The lending environment is booming. Banks are lending and restaurants are moving as a result. This translates into great leveraging opportunities under the right circumstances. With $30,000 down plus closing costs, one can buy a restaurant earning greater than $100,000 and be putting more than double the investment in their pockets each year.
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4 Misconceptions About Selling Your Restaurant or Bar
Jan 15, 2017
I've brokered restaurants and bars for 13 years in California, Washington, Arizona and Florida through my brand SellingRestaurants and I've accumulated a list of the most common misconceptions about selling your restaurant or bar. Here they are:
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Spend The Money, Save The Headache!
Mar 2, 2017
I talk to a lot of restaurant and bar buyers each day. I wish they could hear me when I say it is cheaper to buy a successful restaurant then a troubled restaurant.
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SCAMS! Be Aware of These Scams Played on Restaurant Owners
Sep 29, 2016
Take for example a sports bar in Oxnard we sold. Late on a Friday afternoon the accountant of this sports bar got a call from what appeared to be the power company. The person to the accountant that the power bill hadn't been paid yet and that the power was going to be shut-down unless they received a cashiers
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Your Government is Spending More Money it Doesn’t Have
Oct 11, 2016
Your Government is Spending More Money it Doesn’t Have The federal government recorded an estimated budget deficit of $588 billion in fiscal year (FY) 2016 just ended in June. The deficit exceeds the $149 billion deficit recorded in FY 2015 ended June 30 of that year.
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What To Expect After Selling a Restaurant
Nov 7, 2016
First, the employee's tend to be loyal to the previous owner. The buyer must act quickly to assert him or herself as the new boss. Of course, it must be done in a fair and calm manner as to not come across as a bully of crazy new owner. People make up a good part of the business' goodwill and the buyer is smart to keep that alive and well.
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Business Sales Increase With Highest Level of Listing Activity in Years
May 2, 2016
As the baby boomers are aging, more and more business owners are selling their businesses in lieu of handing them to their children and according to BizBuySell.com, the quality of the business' financials are causing the average sales prices as well as the average cash flow to increase. The average asking sales price in the first quarter grew 11% to $250,000 in 2016 while the average cash flow improved from $100,000 to $106,000 in 2016.
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The Top 25 Restaurants in the U.S. per TripAdvisor
Oct 21, 2016
Much like the game of golf, the difference between the top golfer and the 25th golfer is negligible and I think it is the same for restaurants. Trip Advisor has just published the top 25 restaurants in the U.S. I look at these ranking a
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SellingRestaurants Sells 20 Restaurants in First Quarter! $5.2 Million in Sales!
Apr 19, 2016
Continuing the strong second-half 2015 trend, strong restaurant sales continue across all regions of our company through the first quarter of 2016 with our company selling 20 restaurants and bars for a total value of about $5,2 million and an average sales price of $260,000.
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Dynamic Pricing is Being Tested in the Restaurant and Bar Business
May 11, 2016
Dynamic pricing is being tested in the bar business! Dynamic pricing has been used by the airline industry for decades and with the the advancement of technology it makes it easier to move prices based on immediate supply and demand. https://finance.yahoo.com/news/much-tequila-shot-price-always-161419926.html
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Death of a Property Flier - Real Estate Fliers Are Dinosaurs!
Sep 1, 2016
It is 2016! Media in the past 25 years has drastically, and sometimes violently, changed our world and the information we access. Yet today it shocks me that so many commercial and business brokers still prepare PDF file fliers for the properties they sell.
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California's minimum wage to $15 per hour by 2022
Mar 31, 2016
Today, Senate Bill 3 (Leno), a bill proposing to increase California's minimum wage to $15 per hour by 2022, was approved in both houses of the Legislature and now awaits Governor Brown's signature. Senate Bill 3 would tie further increases to inflation and would provide small businesses (25 or fewer employees) with an additional year for compliance....
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IRS has a Wealth Squad SWAT Team
Oct 5, 2016
The Internal Revenue Service has what is called the Global High Wealth Industry Group which audits large business and international taxpayers, both individual and corporate.
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How Do I Value or Price My Bar for Sale!
Oct 24, 2016
Bars are a unique business.
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Getting A Restaurant and Bar Deal Done Takes Patience and Diligence
Apr 14, 2016
Buying and selling a restaurant and/or bar is a process requiring patience along every step. From the beginning of the negotiations to the very end of the deal when inventory is being counted, there is a tremendous amount of stress on both the buyer and seller.
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Lunacy From The Left...Is Your Website ADA complaint!
Jul 8, 2016
There is no question laws are created to protect people, but are they really protecting people or creating huge windfall profits for lawyers? This author thinks the latter.
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Tips on Selling Your Restaurant and Bar Business
Sep 26, 2016
The restaurant business is sort of like riding a rollercoaster in the dark. You never know when the next turn, up hill climb, or big down hill drops is going to come. It’s an emotional business, no doubt.
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THE LAW OF NUMBERS - CONTINUED - HOW TO CUT COSTS
Mar 14, 2016
A couple months ago I wrote an article on how to reduce the cost of running your restaurant business, or any business for that fact, by reducing the number of items you need to keep track of such as food and paper products. This article received great reviews. Many have asked me to write in more details on how to go about implementing this concept in your restaurant.
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Top 10 Reasons To Sell Your Restaurant Now
Aug 31, 2016
#10. You find Yourself Hating Your Own Food. #9. You Tried to Unlock the Door of a Neighboring Restaurant and Didn’t Realize it For 5 Minutes. #8. You Just Cut Your Finger, for the 100th time, Prep’ing Food.
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How to Sell Your Restaurant Quickly
Nov 3, 2016
First, find a qualified restaurant broker in your area. You can do that via our website www.sellingrestaurants.com or is we don't have a broker in your area, go to BizBuysell.com and look for brokers who list a number of restaurants.
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GET AN SBA LOAN FOR YOUR RESTAURANT/BAR PURCHASE
Oct 2, 2014
The value of an experienced Business Broker in handling an SBA transaction in the selling and buying of a restaurant is invaluable, and can make the difference between getting the deal done and having it fail. There are few business broker who have the experience to handle such transactions as SellingRestaurants does.
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LOOKING FOR A STEAL OF A DEAL! THEN CONSIDER RELOCATING!
Sep 26, 2015
It seems that every day a business buyer calls me looking for the deal of the century. Those deals do exists, but rarely are they in your backyard. They are often in other cities where perhaps the weather isn't as nice as say San Diego or the distance from a major city is a couple hours.
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Right to Good Legal Care...Nationalize Attorneys!
Mar 14, 2016
Our nation over the past 40 years have become obsessed redefining the "rights" it believes our constitution grants every American. We talk about injustices in health care, income inequality, inequality of education, wages and whatnot. Yet at the heart of a lot of these rights is a lawyer making a financial killing on using laws created...
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THE LAW OF NUMBERS - MAKE MONEY BY REDUCING THE NUMBERS
Mar 14, 2016
I learned early in my career about the laws of numbers as it relates to managing costs; cost of running a business to be exact. I'm not talking about money per se, I'm talking about the number of items one must keep track of in a business. In the restaurant business I'm talking about the number of ingredients and liquor, beer and wine items needed to make a finished product. That's where most people just don't understand the laws of numbers.
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Selling Your Restaurant, Give Us a Call! 800.576-3615
Mar 15, 2016
SellingRestaurants is a professional full service restaurant brokerage firm who primarily represents restaurant and bar owners. We prepare the businesses for market using proven and thorough methods. We first start with an interview of the owner....
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Asset Purchase Sales Are Often More Tax Advantageous To Buyers Than Stock Purchases
Mar 30, 2016
Many decisions made during an acquisition will have tax implications for the entities on both sides of the transaction. One of most important decisions is which basic deal structure to use-an asset purchase or a stock purchase. In an asset purchase, all or nearly all of the assets and liabilities of the target are transferred
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Sell My Restaurant Now! The Top 3 Things to Do To Sell Your Restaurant or Bar.
May 11, 2016
If you're thinking of selling your restaurant or bar there are three things you can do to get top dollar. 1. FINANCIAL HEALTH: Get you books straight! Stop skimming the cash. Get a good bookkeeper that knows the restaurant and bar business financial statements. Pay your taxes.
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Buying a Restaurant - Watch the Deferred Costs
Sep 21, 2016
I just went to a burger place that I haven't been to in 13 years. It's been there for 18 years. Burgers are great! And the food in general is pretty good too. I estimate the business does $80,000 to $100,000 a month with a rent factor of perhaps 7% range. It resides in perhaps 2,800 Sq. Ft. So it makes money. Probably about $200,000 a year. It's value is in the $500,000 range based on my estimated cash flow.
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A Man Boards A Plane...A Beautiful Woman Sits Next to Him...
Oct 29, 2015
A man boarded an airplane and took his seat. As he settled in, he glanced up and saw the most beautiful woman boarding the plane. He soon realized She was heading straight towards his seat. As fate would have it, she took the seat right beside his. Eager to strike up a conversation he blurted out, “Business trip or pleasure?”
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KNOWING THE DIFFERENCE - ASSIGNMENT VS. ASSUMPTION
Jan 29, 2013
Leasing matters are tricky and many business owners are lost in the verbose language Landlords use in their leases. Get one step ahead of them with this article.
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ABC Insights
Jan 29, 2013
In California, the Alcohol Beverage Control is in charge of all licensing. here are some insider tips on what to expect and assistance on how to avoid problems when applying for a license.
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Get Top Dollar For Your Restaurant Sale
Mar 14, 2016
Every one wants to get top dollar for their business, but did you know that most people don't know how to go about insuring that this happens? Here are steps you should take to help you get the highest possible price.
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YOU WANT TOP DOLLAR FOR YOUR RESTAURANT! REALLY!
Oct 2, 2014
For those of you that know me, I'm a straight shooter type of guy. You'll always get the straight story from me. So here's a straight story. Being a restaurant broker has some wonderful highlights as well as lowlights. Most of the lowlights are surrounded by debates about the value of the restaurant particularly when the owner is skimming the cash.
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DECIDING TO SELL...IT'S A TOUGH DECISION...MAKE THE RIGHT ONE!
Oct 1, 2015
I talk to a lot of restaurant owners and it breaks my heart every time one calls me and tells me he or she is burnt-out and needs out of the business now but in their final analysis, the owner talks themselves into trying to turn the business around because they think they have what it takes, but they never do. So a couple years later I get the call. Their business has declined more and they need to sell now.
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Exceptions to SBA Loans: How To Get a 25 year Loan
Feb 26, 2016
The exceptions to the standard vanilla SBA loan are numerous. In these articles I try to educate the reader on other ways and SBA loan can be achieved.
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FAMILY COUNSELING
Mar 3, 2016
A wife drags her husband in for counseling after 35 years of marriage. When asked what the problem is, she launches into a passionate, painful tirade listing every problem they had ever had in the 35 years they had been married.
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SHOULD I HELP THE BUYER FINANCE A PORTION OF THE PURCHASE?
Mar 14, 2016
During tough money times, when banks aren't lending, or you don't keep good tax returns on your business that can justify getting a bank to lend, the numbers of buyers able to purchase your business are extremely limited to few unless you make the thoughtful decision to become the banker for a buyer. When one does become the bank, the number of buyers who are able to buy your business significantly increase.
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SELLING RESTAURANTS CAN REPRESENT BUYERS
Mar 15, 2016
Buying a restaurant and/or bar is a daunting task, requiring a skilled and experienced restaurant broker to help you through the process and be successful. A skilled restaurant broker understands how to negotiate with landlords, getting you the best possible results and providing you with an exit strategy, a strategy often over seen by most brokers.
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Tortured Spies
Mar 30, 2016
There are 3 spies that get captured. One is French, one is English and the other is Italian and named Luigi. Their captors come into the cell and grab the French spy and tie his hands behind a chair in the next room.
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How To Win Customers In This New Media World
Sep 13, 2016
The internet has taken over all the marketing of your restaurant and bar. More and more people are relying on Yelp, Trip Advisor, Google+, Facebook and others to determine where to eat, sleep and go.
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Tell Me Something To Feel Better About Myself!
Oct 7, 2016
A middle aged woman, standing in front of the bedroom mirror and says to her husband,
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Your Lease-Assignment or Assumption
Jan 29, 2013
Leasing matters are tricky and many business owners are lost in the verbose language Landlords use in their leases. Get one step ahead of them with this article.
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SELF-SERVE BEER IS COMING! CONSIDER IT!
Oct 2, 2015
The restaurant business is tough enough to make money, but when the state is out to constantly pass laws to squeeze the restaurant owner's margins, the restaurant owner needs to use technology to remove cost. In California, where the minimum wage (now called the living wage), in the next few years is headed toward the $20 hour rate in many areas, restaurant owners are re-thinking how they can manage their bars.
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TEXTING LOVE NOTES
Aug 21, 2015
A couple both got new smart phones. One afternoon the wife went out to meet a friend for coffee. She decided to send her husband a romantic text message and wrote:
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Selling Your Restaurant - An Exit Strategy Often Overlooked!
Jul 27, 2015
You've been operating your restaurant for years. You never thought you were going to sell it. But now its time to sell and suddenly you realize you never thought about one very important point related to selling...
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Curiosity Didn't Kill The Cat, It Built Great Companies and Our Country!
Jul 22, 2015
One of the most underrated talents one can have is curiosity. But you'll never find universities teaching course in curiosity; yet it has created some of the largest corporations in the world and some of the great people in history. In fact, as a child, we're discouraged to be curious, often being labeled as ADD or troublemakers. Our teachers didn't know what to do with curious people. As a child I would take things apart, trying to figure out how they worked...and always having a screw or two left over when I reassembled it.
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HOW MUCH IS THE RESTAURANT I'M BUYING WORTH?
Jul 11, 2015
It seems that everyday someone contacts me from around the world wanting me to value a restaurant they're buying and practically every time they are paying way too much. Most brokers don't understand the restaurant business...
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The $540,000 Seller Blunder! Your Broker is Your Partner!
Jun 11, 2015
Providing material information regarding your personal and business situation early during the listing process can make or break a deal. It isn't the time to be proud or withhold critical information; rather your broker is your partner in the transaction (afterall he's taking a percentage of your equity) so treat him or her as a wise business advisor.
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IRS Out of Control with your Tax Dollars – Issued Billions in Erroneous Education Tax Credits
May 6, 2015
The Internal Revenue Service has issued billions of dollars annually in erroneous education tax credits in each of several years under review by the Treasury Inspector General for Tax Administration (TGITA). The TGITA found that an estimated 3.6 million taxpayers received in excess of $5.6 billion in erroneous claimed education credits on their tax returns....
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HOW TO TELL THE SEX OF A FLY
Jun 4, 2015
A woman walks into the kitchen to find her husband stalking flies with a fly swatter.
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Size Matter - The Affordable Care Act and Employers!
May 19, 2015
The size and structure of a workforce whether that be small or large determines how the Affordable Care Act (ACA otherwise known as Obamacare) applies to employers....
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RESTAURANT LEASING HEATS-UP! DEMAND HIGH! RENTS UP!
Apr 17, 2015
As president of Ohio-based Marco’s Pizza, Bryon Stephens oversees a 600-unit chain poised to add 175 units this year. That rapid growth provides Stephens dynamic insight into one of the more pressing problems facing today’s growth-focused quick-service brands: real estate.
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The Value of Relationships!
May 1, 2015
A businessman in the first class cabin asked a drop-dead-gorgeous flight attendant, "What's your name, Miss?"...
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AN ASSET IS ONLY WORTH THE INCOME STREAM IT GENERATES!
Apr 8, 2015
As a restaurant broker for the past 11 years, the number of times I have heard a restaurant owner say "I put $500,000 into this restaurant and I want $500,000 in order to sell it!"
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FOODPORN GOOD FOR RESTAURANT SALES
Apr 8, 2015
I like to showcase my #foodporn activity on Instagram. Now you’re probably wondering what foodporn is? According to the Urban Dictionary, it is close-up images of juicy, delicious food in advertisements. Also “#foodporn” is one of the most frequently used hashtags on Instagram, the photo platform everyone uses to show off what they’re just about to eat. (bon appetit)
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OPEN LISTINGS DESTROY VALUE!
Feb 24, 2015
This morning I got a call from a lady trying to sell her small sandwich shop. She said she had signed a listing whereby she only pays a commission if the broker brings the buyer.
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HOW TO KEEP GOOD EMPLOYEES
Feb 27, 2015
The goal of any establishment is to have qualified trained employees who can help you run the operation successfully. It is important to have structure in your restaurant so that your employees aware of exactly what your vision is so that your goals are compatible and you are on the same page as to what needs to be done to run a successful restaurant.
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TAKE MY LISTING DOWN! THE SWAT TEAM WAS AT MY DOOR!
Feb 23, 2015
I get a call from an intelligent man who proceeds to tell me about his unique business. I think, sure everyone thinks his or her business is unique. But after putting down the phone, I discover he was right.
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Lies, Betrayal and Back-Door Deals!
Feb 24, 2015
There is a pecking order in the food and entertainment business, a pecking order of honesty and integrity. The most dishonest folks tend to be strip club owners. Every word is a lie. The next are club owners where every other word is a lie. That's all you need to know for this story.
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8 Things To Do To Help You Be a Successful Restaurant Owner
Feb 17, 2015
At some time or another, nearly everyone has this dream of taking their great recipes and opening a restaurant or food business. And there are plenty of examples of people like Debbie Fields who baked-up Mrs. Fields Cookies, At some time or another, nearly...
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I'M PARALYZED AND I CAN’T GET UP - I JUST BOUGHT THIS RESTAURANT
Feb 9, 2015
The restaurant brokerage business is a bizarre business with unbelievable stories. Deals take more twists and turns than Lombard Street in San Francisco, never knowing how the deals are going to finish, never knowing what direction its going to take because the personalities and characters involved are so dynamic.
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DESIGNING A GOOD MENU
Feb 25, 2015
Your menu is the most powerful advertising tool you have and is a large part of how you communicate your restaurants image and creating a first impression with your customer.
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HEALTH ISSUES WE SHOULD ALL ADDRESS PROMPTLY
Feb 2, 2015
Cabernet Sauvignon is the safe, natural way to feel better and more confident about yourself and your actions. It can help ease you out of our shyness and let you tell the world that you're ready and willing to do just about anything.Cabernet Sauvignon is the safe, natural way to feel better and more confident about yourself and your actions. It can help ease you out of our shyness and let you tell the world that you're ready and willing to do just about anything.
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OPEN LISTINGS - A FORMULA FOR DISASTER!
Jan 14, 2015
Open listing sounds great, right? Well think again and answer these questions. Does the open listing broker have an incentive to do his deep research investing time and money into the owner's business to properly prepare it for market? Or does the exclusive right broker...
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