Restaurants for Sale

BizQuest is now serving the best restaurants for sale!

The idea of owning a restaurant is a lifelong dream for many foodies and would-be business owners. Finding an established restaurant for sale is usually a better approach than starting one from scratch. The statistics don’t lie. Start-up restaurants have a 25% failure rate within the first year of business and a 60% failure rate within the first three years. Unless you’re someone like Gordon Ramsay or Bobby Flay, chances are you'll be chopped. An existing restaurant is another matter entirely. If you're thinking of buying a restaurant, look for something in a good location. It should be clean and up to code, have a good reputation, a strong customer base, and include a loyal and talented staff.

There are several types of restaurants, ranging from drive-ins and fast food options, to buffets and fine-dining establishments. Many restaurants that are for sale by the owner are single-location, non-franchised, full-service, sit-down restaurants. This restaurant segment alone represents a $160 billion industry that includes American, Mexican, Chinese, and seafood restaurants, as well as pizza parlors and steakhouses. Top restaurants such as Boca, Le Cirque, and The French Laundry are just a few examples of how a successful restaurant can be a gold mine for the right entrepreneur. Browse the BizQuest today and buy a restaurant tomorrow! Hide description Read more

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State: New York Industry Segment: Restaurants Keyword: manhatten Clear all
Contact Broker View all NY Brokers Vested Business Brokers, Ltd - New York Business BrokerNY
2396 Listings | 559 Sold
Nathan Goldstein, Chief Executive Officer, founded Vested Business Brokers in January 2000. At that time Nathan was a successful Wall Street investment banker who participated in helping to raise over one billion dollars to fund various projects. However, a number of the deals Nathan hoped to bring to fruition fell apart because of the disparity between the financial information principals were claiming, and the factual financial information uncovered during due diligence. It just was not possible to create parameters in advance that could help in predetermining the veracity of the financials of any deal that was up for consideration. This was because there was no way to compare the financial reporting of a company seeking investment against the reported financial data of existing companies of the same type. There simply was no database in existence at the time that contained this "comparable information," and it was Nathan's desire to create one that led to the birth of Vested Business Brokers.

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