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: Illinois Industry Segment: Restaurants Keyword: schamburg ill Clear all
Contact Broker View all IL Brokers Jim Beno - Illinois Business BrokerIL
3 Listings
Business Broker, M&A Specialist Connect with me using: jimbeno@businessbrokerexpertsinc.com Registered Professional Business Broker with CBI (Certified Business Intermediary) who has successfully helped business owners prepare exit strategies, find qualified buyers and sell their company for top dollar. Whether the owner is thinking of selling in a year or five years, steps should be implemented to increase the company value and minimize the taxes paid on the proceeds of the sale. I help business owners confidentially sell their company for maximum value. I offer full service brokering that handles all the day to day tasks of selling a business, with no upfront fees. I also offer a do-it-yourself manual for business owners that want to avoid a back-end commission. Below is a partial list of activities I perform for our full service broker customers: • Give a range on where to price your business • Assess the “Sell-ability” of your business • Generate a comp report for similar businesses that sold • Prepare a Confidential Marketing Booklet for potential buyers • Work with our Nationwide bank contacts to get your business pre-qualified for SBA lending • Create a blind ad to confidentially attract buyers • Pre-screen prospective buyers...NDA filled out and a phone or in person interview • Work with our network of business brokers • Prepare and advise you for Buyer meetings and conference calls • Facilitate buyer seller meetings / conference calls • Address buyer questions • Guide the buyer in submitting a Letter of Intent • Facilitate negotiations and deal structure • Monitor and manage due diligence (50% of deals fail here) • Set up a data room so all due diligence documents are exchanged in a secured environment • Refer and work with business attorneys and CPA's • Work with lenders to secure financing for your buyer (paperwork expedition, references, etc) • Work with government agencies as required • Bring both parties to closing (physically and emotionally) If you would like to learn how I can help you confidentially sell your business, call me at (630) 890-5072 or email me at jimbeno@businessbrokerexpertsinc.com.

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