SO YOU WANT TO FRANCHISE. HERE IS THE MOST IMPORTANT POINT!
Dec 29, 2014
So I was asked by Natalie Ramos "I was hoping you may be able to give me some advice on taking her brand national through franchising..."So I was asked by Natalie Ramos "I was hoping you may be able to give me some advice on taking her brand national through franchising..."
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NEW REVENUE STREAM FOR RESTAURANTS!
Dec 18, 2014
It seems that we're always hearing about the copy-cats and when someone says "oh, I have the "Uber idea" for the restaurant business" I yawn internally, my mind starts to drift and my eyes start to get distracted by objects around me. But not this time!It seems that we're always hearing about the copy-cats and when someone says "oh, I have the "Uber idea" for the restaurant business" I yawn internally, my mind starts to drift and my eyes start to get distracted by objects around me. But not this time!
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WHAT NOT TO DO WHEN CREATING A RESTAURANT!
Dec 8, 2014
As a restaurant broker for more than 10 years, part of my job is to assess the salability of a restaurant business. To do this I actually go to the restaurant several times to experience the food, service and atmosphere. And based on what I find, I give the restaurant a score that helps me value it.
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SELLINGRESTAURANTS SELLS ITS 500th RESTAURANT!
Dec 2, 2014
On November 3, 2014 SellingRestaurants.com sold its 500th restaurant to Brent Hoke of Seatlle Washington area. The restaurant he purchased was The Burger Joint in Goodyear, Arizona.
On November 3, 2014 SellingRestaurants.com sold its 500th restaurant to Brent Hoke of Seatle Washington area. The restaurant he purchased was The Burger Joint in Goodyear, Arizona.
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HOW THE TRADITION OF THE LITTLE ANGEL ON TOP OF THE TREE STARTED!
Dec 18, 2014
The flu season had hit the North Pole very hard that year. A number of Santa's elves were sick...
A number of Santa's elves were sick, the trainee elves could not produce the toys as fast as the regular ones.
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SUPREME COURT RULES NO NATIVITY SCENE IN DC
Dec 16, 2014
The Supreme Court has ruled that there cannot be a Nativity Scene in the United States Capital this Christmas season.
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ANNUAL FEMALE MEDICAL EXAMINATION
Nov 20, 2014
During an medical examination the doctor says,
"Your heart, lungs, pulse, and blood pressure are all fine.
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SOME GOOD NEWS, SOME BAD NEWS!
Nov 18, 2014
A CEO of a small company gets a call late in the afternoon from his attorney telling him that they need to talk, and that the matter is a bit urgent.A CEO of a small company gets a call late in the afternoon from his attorney telling him that they need to talk, and that the matter is a bit urgent....
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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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USING LEVERAGE (LOAN) TO BUY A RESTAURANT!
Oct 28, 2014
As a finance guy, I tend to be conservative when investing. It's in my DNA. I spent 22 years in corporate finance ending with a CFO role with Universal Music Group, the largest music recording company in the world. So numbers are in my DNA as well.
When people talk of leverage, it can have various meanings to each investor. The purpose of this article is to show you the math related to leveraging....
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IT IS TIME TO RAISE MENU PRICES!
Nov 2, 2014
There is a change occurring in our economy now that opens the door to restaurant owners raising prices. Let's call it the perfect weather is coming. Chipolte recently increased prices for the first time in many years. And their same store sales where up 20% quarter over quarter after the price increase. What does that tell you about price increases! They don't scare away customers.
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HUMOR MAKES THE HEART WARM.
Nov 2, 2014
BRITISH HUMOR IS DIFFERENT
These are classified ads, which were actually placed in U.K. Newspaper
FREE YORKSHIRE TERRIER. 8 years old, Hateful little bastard. Bites!
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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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HOW TO VERIFY THOSE TAX RETURNS!
Oct 28, 2014
Buying a business is a huge financial investment for anyone especially when one works hard to scrape together his or her hard earned savings to buy a business. So making an intelligent purchase is key to making sure you don't make a bad investment.
And it's always all about the money....
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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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SELL MY RESTAURANT OR BAR
Oct 23, 2014
As a broker, we're always asked, how fast can you sell my store? Of course, I smile with a grin and reply how reasonable are you going to be with your price? How good are your financials? How well have you run your business?As a broker, we're always asked, how fast can you sell my store? Of course, I smile with a grin and reply how reasonable are you going to be with your price? How good are your financials? How well have you run your business?
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THINK SOCIAL MEDIA DOESN'T MATTER WHEN SELLING YOUR RESTAURANT? THINK AGAIN!
Oct 12, 2014
I've been brokering restaurants for more than ten years. Prior to that I was a Chief Financial Officer for Universal, the entertainment company, and in particular I had the technology divisions under my watch. Those are the divisions that were suppose to be on the forefront of the digital age to make sure the internet didn't kill the music business...they failed!
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WHAT IS A RESTAURANT BROKER?
Sep 26, 2014
Any time I go to a social event, I'm often asked what do I do? So I tell them I'm a restaurant broker. Of course, the person asks what is that and I explain to them what I do. The person often responds "oh so you're a real estate agent!"
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SETTING UP AN S-CORP FOR YOUR NEW BUSINESS
Oct 3, 2014
There are a number of different forms to do business under, one of them being an S corporation which is the same as a regular C corporation but with special income tax treatment. Both an “S” corporation and a “C” corporation derive their names from the respective Internal Revenue Code (IRC) subchapters from which describes...
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MESSAGE FOR THE MOON!
Sep 3, 2014
When NASA was preparing for the Apollo Project, it took the astronauts to a Navajo reservation in Arizona for training.
One day, a Navajo elder and his son came across the space crew walking among the rocks. The elder, who spoke only Navajo, asked a question.
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The Liquor Monopoly Needs to Stop! It Isn't American!
Sep 2, 2014
This nation was founded on the principals of fair dealings and competition, but what most Americans don't know is that the liquor industry is a legalized monopoly where the consumers are forced to pay higher prices for their drinks because the Washington establishment...
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SELLING YOUR RESTAURANT USING AN SBA LOAN
Aug 1, 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 betwwen getting the deal done and having it fail. There are few business brokers who have the experience to handle such transactions as SellingRestaurants does.
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BUYING A RESTAURANT? WHAT ARE THE SBA LOAN FEES?
Aug 1, 2014
Many buyers are in the dark as to what the costs will be to close an SBA loan. I recently closed an SBA loan transaction so I thought I'd itemize those costs for the buyer looking to get a business using an SBA loan.
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THE $50 LESSON
Jun 24, 2014
Recently, while I was working in the flower beds in the front yard, My neighbors stopped to chat as they returned home from Walking their dog. During our friendly conversation, I asked their little girl what she wanted to be when she grew up...
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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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FIRST TIME BUYER? HERE ARE SOME GENERAL GUIDELINES FOR YOU!
May 5, 2014
So you have the idea of buying a business and this is your first time venture into buying one. You've made it this far in your search and found a few websites advertising businesses for sale. You look at the ads and you're a bit confused at what they all...
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GETTING AN SBA LOAN FOR A RESTAURANT - THE SHORT STORY VERSION
May 20, 2014
Getting a loan for the purchase of a restaurant is a challenge, but if handled by a knowledgeable broker, it becomes a very manageable process.
The purpose of this article is to give the read a high level view of how the SBA process works. It is not meant to be a detailed road map to the loan per se.
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BUYER MEETS EMPLOYEES BEFORE THE CLOSE - MISTAKE OR NOT?
Apr 30, 2014
As a broker, my job is to reduce the risk of a deal failing by removing what I refer to as wild cards from the deck. One such wild card is the personalities between the employees and the new buyer and all the risks that come with such meetings. But inevitably during the deal the buyer may insist on meeting the employees.
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YOU WANT HOW MUCH FOR YOUR RESTAURANT!
Apr 23, 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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WHAT IS THE VALUE OF MY RESTAURANT?
Apr 3, 2014
The most common question I get as a restaurant broker is "How much is my restaurant worth?" Nearly every one is obsessive about knowing what things are worth, from their home, to their investments, to their car and to their business. But unlike all those other assets...
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WATCH THAT LEASE OPTION LANGUAGE!
Apr 3, 2014
A lease option gives the holder of the option the right to exercise his or her right to continue with the lease for a specified period of time. The lease option is usually in control of by the tenant. A lease option is a unilateral contract, meaning one side has all the power while the other side is powerless.
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WHY ONLINE CORPORATION FORMS ARE DANGEROUS
Apr 2, 2014
In law school my trust and estates professor told me, "You can buy a will at the 99 Cents Store, so you better be able to add value to that." Since then, many more forms have become less and less expensive and I am often asked to review documents of corporations and limited liability companies formed using various websites' fill-in-the-blank forms.
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GROW YOUR BUSINESS - DEVELOP AN EXIT STRATEGY!
Mar 24, 2014
A few years ago a large restaurant owner with 18 restaurants approached me to sell his whole restaurant chain. The problem was there were no brands inside his chain. There were 18 one-off restaurants. Trying to find an investor for such a business is impossible.
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A ROMANTIC DINNER
Feb 27, 2014
A man and a woman were having a quiet,
romantic dinner in a fine restaurant.
They were gazing lovingly at each other and holding hands.
The waitress, taking another order at a table a few steps away,
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LIQUIDATED DAMAGES - WHAT ARE THEY?
Mar 20, 2014
Liquidated damages language are inserted into contracts to limit the liability of the party creating the harm. For example, Party A breaches the contract with Party B. If there is a liquidated damages clause in the contract, then Party B has the rights to exercise the clause and take the money specified in the clause. But it is never that simple is it!
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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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PAY LESS TAXES, MAKE MORE MONEY!
Feb 3, 2014
Yes, it sounds counter-intuitive, right? Wrong!
The other day I was talking to a client who used me to sell his restaurants, twice so far. This client is young, smart, aggressive and hard working. He’d work 90 hours+ a week at each venture creating new and exciting concepts.
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ANGRY BLONDE BEING BLONDE!
Dec 2, 2013
Vicki, a blonde, suspects her husband of cheating on her, so she goes out and buys a gun. She goes home and finds him unexpectedly in the arms of a redhead. Vicki becomes uncontrollably angry...
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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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THE SCOTTISH COW
Nov 22, 2013
The only cow in a small town in Ireland stopped giving milk. Then the town folk found they could buy a cow in Scotland quite cheaply. So, they brought the cow over from Scotland.
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STARTING A BUSINESS - THINGS TO CONSIDER
Jul 3, 2013
There are a number of issues to consider when contemplating the opening a business, some of those being the type or form of business; the federal, state, and local government regulations to be aware of, and the type of accounting method to consider best for your new enterprise are just a few of the myriad of issues that you must deal with.
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DEAD DUCK...CAT SCAN AND LAB REPORT $150!
Oct 18, 2013
A woman brought a very limp duck into a veterinary surgeon. As she laid her pet on the table, the vet pulled out his stethoscope and listened to the bird's chest. After a moment or two, the vet shook his head and sadly said, "I'm sorry, your duck, Cuddles, has passed away."
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INSPECT THAT RESTAURANT OR LOSE YOUR BUTT!
Jun 24, 2013
All too often a buyer steps into a restaurant business only to find that coolers are not holding their temp and the HVAC system is failing in the middle of the summer heat. This can kill a restaurant business before it gets off the ground draining the new owner of much needed working capital for marketing and advertising their business.
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OPEN LISTINGS - BAD IDEA!
Feb 3, 2012
"OPEN LISTING" It sounds great to a business owner who's listening to a broker say "hey, just sign here and there is no obligation unless we bring you a buyer..."
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FINANCING A U.S. COMPANY FOR E-2 VISA
Sep 11, 2013
Financing for an E-2 visa can be tricky but there are options other than paying 100% cash for your deal. The US Immigration Service assumes that foreign investors have a great deal of cash lying around to purchase US businesses or create them. The reality is that foreign investors don’t always want to pay 100% cash for their deal.
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CALIFORNIA BUSINESS UNFRIENDLY ENVIRONMENT CONTINUES
Jun 4, 2013
Contrary to what many would have us believe, the economics in the state of California are still tenuous at best for many employers, especially small employers. Despite this fact, the California Assembly has reared its ugly head again and has passed Assembly Bill No. 10, introduced by Assembly Member Alejo...
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SETTING UP YOUR RESTAURANT BUSINESS - C CORP vs. S CORP
Jun 19, 2013
Due to California's "gross receipts" tax on limited liability companies, if your business involves selling goods you should consider forming a corporation rather than an LLC, but once you make that decision you must resolve whether to elect to be taxed as an S corporation or allow the corporation to be taxed as a C corporation.
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HOW TO SMELL A RAT LEASING A RESTAURANT
May 22, 2013
In this weak economy, there are lots of commercial real estate foreclosures, properties behind in real estate taxes and even massive IRS and State liens on a property that unless the buyer/new tenant does his or her homework they could face huge financial losses. These are facts landlords won't tell the buyers/new tenants about in hopes of collecting large sums of money from the buyer and leaving the buyer/new tenant high and dry when the bank forecloses.
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WHEN TO SELL YOUR RESTAURANT OR BAR
Mar 1, 2013
All too often I see restaurant and business owners get crazy about getting "their money" back from the restaurant or business they've invested in. They get some crazy idea that someone is going to bail them out like the banks and auto manufacturers were bailed-out. Well it doesn't happen.
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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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CYPRUS TAXING DEPOSITS! THAT'S NOT NEW!
Mar 21, 2013
I'll keep this short and sweet. Today there is all this talk about Cyprus' debt issues and the fact the governmetn wants to "tax" deposits! Heck Ben Bernanke been doing this to every American deposit in the coutry and we all sit around and let him get away with it. Why!
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NEW WORD - INTAXICATION
Mar 15, 2013
A New Word to Add to Your Vocabulary...
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BOB GOES TO HELL
Mar 11, 2013
Bob who was an engineer by trade passes away and reports to the Pearly Gates. Saint Peter checks his list and not seeing his name there immediately sends him to Hell. It doesn't take long before the Bob becomes rather dissatisfied
with the level of comfort in Hell...
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BE A DOG!
Mar 10, 2013
Trying to forget the past and only focus on the present is a challenge for most. Everytime I think about this concept I'm reminded by a story that I'd like to share. Imagine putting your spouse or partner into the trunk of a car along with your dog...
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HOW'S YOUR DAY GOING? BEEN TO A BAR LATELY?
Mar 8, 2013
Paul was sitting at the bar staring at his drink when a big, trouble-making biker full of tatoos and wearing a black leather jacket swaggers in and steps up next to him, grabs his drink and gulps it down in one swig and menacingly says, "Thanks, whatcha going to do about it?"
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MORE THAN ONE WAY TO SKIN A CAT!
Mar 8, 2013
As a clear illustration of how smart our agents are trained, we recently closed a tough deal. The buyer was financially weak in the sense he had saved $70,000 to buy a restaurant, but it was a BIG restaurant he wanted to buy. He had the operational experience to run it, but not the working capital nor the high credit score that this landlord would want.
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WE PRIDE OURSELF ON BEING THOROUGH!!
Mar 8, 2013
Today I was at a followup listing appointment at a pizza place in Gilbert Arizona. The seller are two men, one young the other middle age. Good guys! They bought the pizza business from me earlier this year. It was a pure asset purchase, or another way to say it a cost avoidance purchase, the aviodence of the cost of building one from scratch.
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WE ARE GETTING SBA LOANS! CALL US!
Mar 8, 2013
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KNOW WHEN TO SELL YOUR RESTAURANT!
Jun 12, 2012
You've heard the cliché "buy low, sell high" but we rarely take heed of such a cliché. Instead and for whatever reason, we ignore the signs that our business is in a decline. And before we know it, we've destroyed huge amounts of value by waiting too long to see the signs.
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A PIRATE WALKS INTO A SPORTS BAR...
Mar 8, 2013
sell my bar with a pirate ship. Sell my sports bar in california.
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HOW MUCH IS A RESTAURANT WORTH?
Mar 4, 2013
We all ask ourselves every time we buy something of material value "is this the best price I can get?" or "am I paying too much for this?" We do it for car purchases, home purchases, hotels, car rentals, etc.
So why would it be any different for business purchases? Except the difference is there are huge markets in those other products to determine a value such as hotel prices, car rental prices and home purchases...
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GOLDEN SALOON
Mar 1, 2013
Golden Saloon
Sunil comes home completely drunk one night.
He lurches through the door
and is met by his scowling wife,
who is most definitely not happy.
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LET'S NATIONALIZE THE LEGAL INDUSTRY!
Mar 1, 2013
The left is always concerned about equality and fairness - a standard mantra in fact - so why hasn't anyone on the left started to push for nationalizing the legal profession? It is the poor that suffer the most from lack of adequate legal representation in criminal as well as civil cases.
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Pssst........I've Gotta a Secret
Mar 4, 2013
If you are buying or selling a business, entering into a manufacturing or consulting contract, or in any way collecting or sharing information about a business, at some point in the discussions more information about the business will be shared than either party would want the general public to know.
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BETTER TO GET SOMETHING FOR YOUR BUSINESS
Mar 1, 2013
In the past 8 years we've sold more than 500 restaurants and we run across all sorts of restaurant owners who are in trouble with their business. If you are missing rent payments and you have vendors pounding on your doors, and missing payroll, it is probably already too late for you to try to sell. But if you sense you're on the edge and about to default on the rent and stop paying vendors or not make payroll, then be smart about selling.
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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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EXIT STRATEGIES FOR RESTAURANT INVESTORS
Sep 13, 2012
As a restaurant broker who has been selling restaurants since 2003, I meet and talk to hundreds of restaurant owners each year, read hundreds of leases, review hundreds of tax returns and financial statements and I can't tell you how rare it is to see a well thought through exit strategy putting the restaurant owner in the front seat when selling or getting out of their restaurant obligations.
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SELLINGRESTAURANTS - WE HELP OUR CLIENTS!
Dec 5, 2012
At SellingRestaurants, we pride ourselves on providing our client quality service. We thoroughly understand each of our clients needs and situation and we thoroughly understand their restaurant business....
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PREPARE YOUR RESTAURANT FOR AN INSPECTION
Dec 17, 2012
Today I'm reminded how critical it is to prepare your restaurant for a buyer's inspection. There are few things more critical during the early stages of a deal than making your restaurant shine and giving the buyer a great impression of what they are buying....
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HOW TO BUY A RESTAURANT OR BAR
Jan 8, 2013
The business brokerage industry has an image problem because there are so many brokers not qualified to sell restaurants let alone businesses. But at SellingRestaurants ourt agents are trained to do one thing, sell restaurants and bar.
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BEWARE ARIZONA RESTAURANT BUYERS!
Jan 18, 2013
It is unfortunate that I have to write this article, but SellingRestaurants' has a fiduciary duty to educate consumers, making them aware of unethical business brokerage practices so as to avoid those brokerage houses that practice them. I can't tell you the names of those houses, but if you read and study the below information you can avoid what several of our clients have endure dealing with these unethical brokerage house, and there are several of these houses in the Phoenix area.
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WE'RE NOT SELLING A HOUSE HERE MARTHA! WE'RE SELLING YOUR RESTAURANT!
Jan 29, 2013
The other day, I closed a deal in Sacramento, a Mexican Restaurant called Mas Mexican Restaurant in Roseville, CA. The owner of the restaurant, Randy Paragary, was talking to me during the closing and said "Mel, you earned every penny of your commission.
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YOUR RESTAURANT CAN BLIND YOU
Feb 4, 2013
Have you ever been too close to a situation that required action and in hindsight you wish you would've done it different or you wish you would've made a completely different decision? I know I have and in those cases I wish I would of had a good adviser next to me, and adviser with the experience and wisdom to help me through the situation.
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BUYING A RESTAURANT BECAUSE YOU CAN COOK!
Feb 19, 2013
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, or Famous Amos (AKA Wally Amos) who made a fortune manufacturing and marketing his cookies into grocery stores, or Fred Deluca who in 1965 borrowed a $1,000 and opened a sub shop in Connecticut that eventually became Subway.
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NEIGHBORHOOD BARS - A GREAT PURCHASE
Mar 1, 2013
Every one is looking for some safe harbor investment; one that is recession proof and safe. If this is you, you ought to look at buying a bar. Not a club! But a good old fashion neighborhood bar.
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OBAMACARE DESTROYS VALUE FROM MIDDLE CLASS
Mar 1, 2013
The new health care bill passed by Congress and signed into law this week will single-handedly destroy billions of dollars of value for restaurant owners.
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RESTAURANT OWNER'S GAMBLER'S MENTALITY
Mar 1, 2013
As a retaurant broker I often get the honor of flying at 50,000 feet giving me a great view of the landscape and the nuances of the restaurant business. And over the years I've noticed restaurant owners and gamblers have a lot in common.
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GREAT CHEFS EVEN FAIL!
Mar 1, 2013
Today my family and I ate at a wonderful Eygptian restaurant that makes the BEST hummus I know. And the chef follows it with fantastic food as well. But despite the great food and service, the owner is struggling and needs to sell the restaurant. I'm telling you the food is out of this world...
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HIGHEST GROSSING RESTAURANTS IN THE U.S.
Mar 1, 2013
If you're in the restaurant business than you'll fall on your face to think of a restaurant gross $59 million a year...
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IMMIGRATE TO THE UNITED STATE & BUY A RESTAURANT
Dec 9, 2011
If you ever wondered how a foreigner could come to America and open a US Office and either work here themselves or bring in other workers, there is a way. It is called the L-1A nonimmigrant visa for intracompany managerial/executive transferees. How does it work?
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WATCH THAT LEASE PLAN AN EXIT STRATEGY
Mar 1, 2013
Setting yourself up for an exit strategy when you sell your business is paramount whenever entering into a new lease. But don't think that the other broker, who really represents the landlord, is going to design a lease with a good exit strategy. So you need to take care of yourself, or give us a call to help you.
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OLYMPIC BLOOPERS
Mar 1, 2013
We all saw the fabulous opening and closing ceremonies,
We were able to watch world class competition,
We enjoyed the best the world has to offer in regards to athletes.
What some of us missed were some of the extraordinary news coverage, some of which follows:
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USE SELLINGRESTAURANTS.COM TO SELL YOUR BUSINESS?
Mar 1, 2013
As a broker, I have we have a fiduciary responsibility to put your business in the best possible light and get you the highest possible price for your restaurant business. We take this duty serious. Most of the time we're right with commanding a higher price for your restaurant business and sometimes we're not.
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WHY USE A RESTAURANT BROKER TO BUY A RESTAURANT?
Nov 25, 2016
It sounds so simple, doesn't it? Just place an ad in the paper to sell your restaurant, find a buyer for your business and close the deal.
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ARE YOU QUALIFIED TO BUY A RESTAURANT?
May 21, 2008
Being a qualified buyer is key to successfully closing a business purchase. There are several variables at play when trying to qualify and the qualification process is nothing like trying to qualify a person to purchase a home. There are factors realting to you and factors relating to the business that needs to be analyzed.
First and obvious is whether the buyer has the money to purchase the business....
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WHY BUY A RESTAURANT NOW?
Oct 30, 2009
Rents are dropping, talented chefs are up for grabs and, most important, smarter diners are looking for value, not glitz.
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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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BUY A BUSINESS USING YOUR IRA and 401K
Jul 30, 2008
Although thousands have discovered this golden opportunity, some of the savviest investors are still unaware of this remarkable funding option: You can utilize your IRA monies before retirement age to purchase a business without incurring early distribution penalties....
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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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THE SMART MONEY IS BUYING RESTAURANTS
Nov 13, 2009
There is an interesting trend going on in the restaurant and bar selling business. This week we started seeing investors enter the restaurant/bar market.
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THERE'S A GOLDEN NUGGET IN THAT PILE OF RUBBLE
Feb 8, 2010
Today I was thinking of what makes a smart investor/buyer of a business. I concluded it was the investor/buyer recognizing an undervalued business when they saw it of course. But what does that mean?
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HOW MUCH RENT SHOULD I PAY?
Jun 24, 2010
So you want to buy a restaurant. Having sold more than 350 restaurants in the past 5 years I’ve seen my share of sad stories in the restaurant business. Every day I get calls from restaurant owners whose dreams of owning and running a restaurant have been crushed by the recent weak economy...
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LOOKING FOR A RETAIL LEASE...USE CAUTION!
Jul 16, 2010
As a restaurant broker, we often get restaurant owners whose business is in trouble on many fronts but the primary reason for the trouble is the bad lease they got themselves into.
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DEFECTIVE SERVICE VOIDS LANDLORD'S FIVE DAY NOTICE IN CALIFORNIA
Jul 28, 2010
Attorneys routinely advise landlords and property managers that a defect in the service of a statutory Notice to Pay Rent or Quit is cured by establishing that the tenant actually received the Notice. This has been the rule since the first of a series of cases was decided in 1962. This line of court cases is also widely referenced in most leading treatises for the general proposition that proof that a tenant received actual notice will cure defective service.
On June 14, 2010, a Court of Appeal in Southern California limited the application of this general rule.
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NO SUCH THING AS A PROFITABLE BUSINESS FOR SALE...NOT!
Aug 11, 2010
I’ve been brokering businesses for 6 years now. Prior to doing this I was a buyer of businesses as some of you may know. After a two year search, I gave up and decided to open SellingRestaurants.
I often get buyers who are skeptical about buying existing businesses and who are skeptical about a business’ profit....
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RESTAURANT MARKETING FOR THE HOLIDAYS!
Nov 30, 2014
Make your customers feel extra special by getting into the holiday spirit with your restaurant and employees. Here are holiday restaurant marketing tips on how you can connect with different customers that enjoys dining out!
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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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BUYING A RESTAURANT? GET SMART ABOUT LEASES!
Nov 2, 2010
Today we had a deal where the landlord is demanding 10% of the sales price of the lease...
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HUMOR - AMISH ELEVATOR
Mar 2, 2011
A fifteen year old Amish boy and his father were in a large shopping mall for their first time at any mall.
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