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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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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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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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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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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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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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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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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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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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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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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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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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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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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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IRS Agent Arrested while Trying to Bribe Police Officers
Nov 12, 2014
The police warned the individual that he would be arrested if he did not stop who then kicked another of the barriers so hard that it came out of the ground and hit a woman sitting on the other side of it in the head....
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NEW GAS TAX FOR CALIFORNIA ON JANUARY 1, 2015!
Oct 28, 2014
The California State Assembly wants to reduce greenhouse gas emissions to 1990 levels by 2020. AB 32 which was during the Schwarzenegger era, and is to become effective as of January 1, 2015 is the first of its kind in the U.S. to impose penalties on carbon emissions which will apply to transportation fuels, including gas and oil.
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IRS Fails to Follow Rules
Oct 22, 2014
The Treasury Inspector General for Tax Administration (TGITA) has found that the Internal Revenue Service has failed to follow proper procedures in 90% of the cases reviewed in relationship when issuing a notice of its intent to issue a levy on taxpayer assets.The Treasury Inspector General for Tax Administration (TGITA) has found that the Internal Revenue Service has failed to follow proper procedures in 90% of the cases reviewed in relationship when issuing a notice of its intent to issue a levy on taxpayer assets.
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MINIMUM WAGE INCREASE CREATES RIPPLE EFFECT
Jun 11, 2014
While many employees are happy about the upcoming minimum wage increase to $9.00/hour beginning July 1, 2014; many employers may not be aware of the ripple effect that the increase will bring. Apart from the bottom line economic impact,
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4 THINGS YOU MIGHT NOT KNOW ABOUT YOUR CELL PHONE
Feb 25, 2014
For all the folks with cell phones. (This should be printed and kept in your car, purse, and wallet. Good information to have with you.)
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SOMETIMES IT'S GOOD TO GET AUDITED BY THE IRS!
Jan 22, 2014
A taxpayer undergoing an audit at an Internal Revenue Service office in Long Island successfully sued the IRS for after he was injured by tripping over a phone cord...
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SellingRestaurants Appear on VetsOnRadio.com
May 28, 2013
SellingRestaurants and Mel Jones shall appear on VetsOnRadio.com to help recruit our veterans into the restaurant brokerage business as well as the restaurant business. Tune in on www.vetsonradio.com Wednesday May 29, 2013 at 10am!
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Neil Armstrong Passes Away
Aug 27, 2012
For all of us baby boomers who watch Neil set foot on the moon on that warm summer day in July 1969, meeting the goal that President Kennedy has set some 9 years earlier, it was a said day for us on Sunday. It was the Pinnacle of what our nation accomplished when everyone worked together for a common goal. And Neil Armstrong could have stolen the show and been one of those casualties of fame and power but instead, he chose a quiet life and decide to go teach engineering at a university.
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BECOME A SELLINGRESTAURANTS AFFILIATE TODAY!
Aug 25, 2009
Supercharge your business brokerage firm by using intelligent website software to operate your business. For 8 years we've been developing website tools brokers haven't even thought about yet and at affordable prices.
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RESTAURANT FOR LEASE AND RESTAURANTS FOR SALE
Mar 6, 2009
If you've thought about buying or selling a restaurant, bar of club, then you've come to the right place to start. We have hundreds of listings in many states. We're professionals that know our industry and know how to sell.
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SELLINGRESTAURANTS HITS 25,000 MEMBERSHIP LEVEL IN 5 YEARS
Aug 15, 2010
In less than five years after launching www.sellingrestaurants.com, SellingRestaurants has hit a major milestone of hittting the 25,000 membership mark and growing at more than 600 per month! No other brokerage in the world has achieved....
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SR Syndicates its Listings, Gaining Market Share!
Sep 6, 2010
SellingRestaurants has syndicated its listings on three other websites gaining more eyeballs than any other broker with no broker even a close second! Joining in the syndication are WeSellRestaurants, WABrokers and SellingStores...
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New Obamacare Investment Tax
Aug 13, 2012
The Patient Protection and Affordable Care Act (ACA) affirmed by The Supreme Court includes certain income tax provisions to help pay for what has become known as Obamacare.
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SELLINGRESTAURANTS REACHES 40,000 MEMBERSHIPS
Nov 28, 2012
After 8 years of being in business, SellingRestaurants reaches a major milestone of 40,000 members. These are buyers and business owners who have joined our website to receive both educational information and listing updates.
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SELLINGRESTAURANTS GOES MOBILE!
Jan 17, 2013
SellingRestaurants becomes the first full service brokerage company to develop a mobile website for the convenience of its clientele. "It is clear that our society is becoming more and more reliant on mobile devises to access the internet and surf the worl-wide-web looking to buy a business. At SelingRestaurants...
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Switzerland signs Tax Disclosure Agreement with IRS
Feb 15, 2013
The Long Arm of the IRS is reaching out Worldwide! _____________ Switzerland and the United States have signed a tax treaty in which Swiss banks will disclose information about U.S. account-holders. The agreement is the latest in a series between the United States and other countries designed to carry out the Foreign Account Tax Compliance Act, or FATCA, enacted in 2010.
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California Enacts Qualified Purchasers Act
Nov 18, 2009
With ongoing budgetary problems California has enacted a Use Tax registration requirement which applies to any business within the State of California who is defined within the act as a qualified purchaser...
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BUY AMERICAN. I AM.
Mar 6, 2009
THE financial world is a mess, both in the United States and abroad. Its problems, moreover, have been leaking into the general economy, and the leaks are now turning into a gusher. In the near term, unemployment will rise, business activity will falter and headlines will continue to be scary.
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Stimulus bill aims to boost SBA lending
Jan 28, 2009
The initial House version of the economic stimulus bill would give the Small Business Administration $430 million to revive its ailing loan programs. The bill would increase the government guarantee
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2010 Jobs Act Information Reporting for Rental Expense
Feb 23, 2011
The Small Business Jobs Act of 2010 (2010 Jobs Act) requires information reporting for rental property expense payments of $600 or more....
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Internal Revenue Service unleashes
Feb 23, 2011
The Internal Revenue Service has set up special audit groups focused to audit business taxpayers with complicated tax returns, and their complicated financial arrangements...
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IRS Targeting High Income Taxpayers
Mar 28, 2011
As promised by the current elected administration in what appears to be an economic profiling by the Internal Revenue Service in a society....
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FACTS ABOUT THE ALTERNATIVE MINIMUM TAX
Mar 12, 2012
The Alternative Minimum Tax (AMT) was the misbegotten attempt on the part of Congress to ensure that anyone who benefits from certain tax advantages pays at least a minimum amount of tax, in other words, the flat tax for the so called wealthy.
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What to Do if you Receive a Notice from the IRS
Aug 22, 2012
Receiving a notice from the Internal Revenue Service or other taxing authority can be a heart stopper, but this does not necessarily mean disaster is looming as in many cases the letter is merely asking for additional information based upon data they have received from other sources.
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OBAMACARE TAX STARTS JANUARY 1, 2013!
Aug 28, 2012
The Patient Protection and Affordable Care Act and the Health Care and education Reconciliation Act of 2010, otherwise as it has become known as Obamacare imposes a 3.8% Medicare contribution tax on all net investment income of higher-income individuals as of January 1, 2013
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RETAIL BUSINESS SALES WEBSITE LAUNCHED
May 11, 2008
SellingStores was launched in October 2007 when the the founder of SellingRestaurants, Mel Jones, noticed many of the SellingRestaurants buyers who where not so much interested in only buying a restaurant, bar and club...
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