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.
"I think this is the high watermark in the Sacramento region for a single unit sales price. It was a pleasure working with professionals throughout the selling process. Congratulations to the new owners!" Say Mel Jones, President and CEO of SellingRestaurants.com.
"Selling a restaurant and bar at this price takes skills, patience and a complete understanding of the selling and buying process. At SellingRestaurants we've been selling restaurants and bars for 14 years and we know all the landmines that appear during a transaction and we have the skills and talents to get passed each one."
Mel Jones is one of the premier restaurant brokers in the nation having published hundreds of articles on buying and selling a restaurant and bar business, selling thousands of restaurants in CA., WA and AZ and building one of the most copied business models in the brokerage industry. Mel started SellingRestaurants in 2004 with the one simple concept, give the buyers the information they need to make intelligent buying decisions without being pestered by a broker or hiding information, prepare the business for market by researching key details that make or break deals and educate the buyer on the buying process to create an intelligent buyer. Prior to SellingRestaurants, Mel was a Chief Financial Officer for Universal Music Group, the largest music company in the world. There he participated in more than $11.5 billion of merger and acquisition transactions. He also work for top companies such as Nestle Foods, USA. He hold a Bachelors in Business Administration Finance as well as attened Law School at Gonzaga University. Give Mel a call at 480.274.7000 or e-mail him at [email protected] if you have any questions.