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WHEN TO SELL YOUR RESTAURANT OR BAR

Mar 1, 2013
Article #202
Author: Mel Jones

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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.

Be smart about selling your restaurant or business. If you're in trouble, don't get in more trouble by pricing your business too high that no one buys it and you lose every thing. Price it to sell. And unless you're a kamakazi person who wants to take everyone down with them - and they're the only ones that usually die when they dive themsleves into the aircraft carrier -  you MUST price it to sell fast. What you put into the business bares no relationship to what it is worth.

So if you're in a tight spot, ask us to price it to sell fast. Something is better than nothing when everyone is looking for money from you.

 

                                                                                                                                                                                                                                                       

We at SellingRestaurants feel obligated to educate the public, our customers and our clients with information that can help them make more intelligent buying and selling decisions. 

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. 


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