Advice

"Why 80% of restaurants fail in their first year"    - How to ignore this unhelpful advice

Posted by Pam MacPhee on Aug 23, 2017 7:27:57 PM

I always knew I was meant to own my own business. From the time I was 4, I was always called Bossy. And I distinctly remember thinking, “Well, someone has to be.” When the time finally came and I began my business search, my checklist for what I didn’t want was longer than the list for what I did. And at the top of the “no way” list, was buying a restaurant.

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Topics: Buying a Restaurant, Starting a restaurant, Franchise

How to sell a restaurant - a FSBO guide

Posted by Pam MacPhee on Jul 17, 2017 1:11:53 PM

Most restaurant owners are the hardest working can-do people you can find. So when it comes time to move on to the next dream, they often ask themselves, "Can I sell my own restaurant?" The definitive answer is yes. But here are a few things if you want to FSBO (for sale by owner) your restaurant to keep in mind that can help you improve your chances of selling and get the best possible offer. 

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Topics: Selling a Restaurant

Top 5 Reasons Your Restaurant Isn't Selling

Posted by Pam MacPhee on Jul 4, 2017 4:50:38 PM

It’s not every day you put up your restaurant for sale. But once that day comes, you eagerly wait for the day someone makes a good offer. Wondering why that day hasn’t arrived yet? See if any of these 5 reasons have something to do with it.

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Topics: Selling a Restaurant

5 Common Mistakes When Selling a Restaurant

Posted by Pam MacPhee on Jul 4, 2017 4:47:06 PM

If your restaurant has been on the market for awhile and you haven’t found a buyer yet, maybe you or your restaurant broker are making one (or more) of these common mistakes.

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Topics: Selling a Restaurant

How Much is my Restaurant Worth

Posted by Warren MacPhee on Jul 4, 2017 4:44:48 PM

The time has come for you to move on. Maybe you are ready for a new challenge, maybe you just need a change, or maybe now is the time you could sell for top dollar but the reason why you would like to sell your restaurant is a very important decision and will directly impact the value you receive.  Here are a few valuation methods to help you decide what your restaurant is worth.

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Topics: Selling a Restaurant

Putting Your Restaurant on the Menu? Here's How You Can Improve Your Chances of Selling

Posted by Pam MacPhee on Jul 4, 2017 4:41:22 PM

So, you’re thinking of selling your restaurant. As with everything else you ever sold, you’ll probably want the same things – price high as possible, hassle as little as possible.

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Topics: Selling a Restaurant

8 Things You Should Consider Before Buying a Restaurant

Posted by Pam MacPhee on Jun 27, 2017 1:27:58 PM

Reasonable asking prices, low barriers to entry and a wide variety of options continue to encourage restaurant buyers. However, affordability doesn’t necessarily make it a prudent investment. Buying just any restaurant is different than buying a restaurant that has the elements of sustainable profitability and growth.

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Topics: Buying a Restaurant

6 Things You Can Do to Sell Your Restaurant

Posted by Pam MacPhee on Jun 27, 2017 1:13:58 PM

If you’re putting your restaurant up for sale and want to sell quickly, you’re not alone. Finding buyers through Restaurants For Sale Global is the easy part, when you get your leads flowing in, be sure to follow these six tips and minimize the time it takes to sell the place.

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Topics: Selling a Restaurant

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