Restaurant for Sale-The Sellers Guide to Making the Sale Before listing your restaurant for sale, you need to have your ducks in a row. Selling your restaurant is similar to cooking: For the best results, follow a proven recipe. The French phrase mise en place,  “Putting everything in its place,” is just as relevant when selling your restaurant as it is in your kitchen. Careful preparation and order are critical to a smooth restaurant sale. Restaurant for Sale-The Sellers Guide to Making the Sale breaks down the process needed to market your restaurant and close the deal. Table of content ..read more

    The Ultimate Loopnet.com Tutorial for Restaurateurs is a super detailed tutorial for restaurateurs.   In this new tutorial, you’ll learn, step-by-step, how to:   Find restaurant properties for lease Save properties to a handy list Create and print reports Contact landlords and brokers   Let’s dive right in.   Why Use Loopnet to find restaurant spaces for lease?   What is Loopnet?   Loopnet.com is the largest commercial real estate marketplace.   If you are looking to lease a restaurant space, it’s an excellent place to start.   Restauran ..read more

  Today you will learn six tips about options to extend your lease that your Landlord wishes you did not know.   You see, most restaurateurs overlook essential details when signing a lease.   Options to extend your Lease are super important and often overlooked.   Ready to outsmart your Landlord?   Let’s get started.   What is an Option to Extend Lease?   The option to extend Lease provides the ability to extend your term of Lease if your business succeeds.   Most restaurateurs will sign a lease for a period of 5 to 10 years.   If your restaurant i ..read more

How to Buy a Restaurant How to Buy a Restaurant-A Dead-Simple Guide to Buy a Restaurant provides a step-by-step guide to buying a restaurant. Section 1-How to Buy a Restaurant-Getting Started Groundwork needed to buy a restaurant Business plan and financial information required to buy a restaurant Researching your competition and determining your rent Trade area and location choices when you buy a restaurant Section 2-How to Find a Restaurant to Buy How to find restaurants to buy Real estate brokers friend or foe? How to buy a restaurant without a broker Analyzing the deal Section 3-N ..read more

How to Buy a Restaurant How to Buy a Restaurant-A Dead-Simple Guide to Buy a Restaurant provides a step-by-step guide to buying a restaurant.   Section 1-How to Buy a Restaurant-Getting Started Groundwork needed to buy a restaurant Business plan and financial information required to buy a restaurant Researching your competition and determining your rent Trade area and location choices when you buy a restaurant   Section 2-How to Find a Restaurant to Buy How to find restaurants to buy Real estate brokers friend or foe? How to buy a restaurant without a broker Analyzing the dea ..read more

Locating restaurants for lease is just one step in the journey to open a restaurant. Before signing a restaurant lease, there are many steps required if you want to succeed. This guide provides a step-by-step guide on restaurants for lease to dramatically cut the time needed to secure an excellent restaurant location and negotiate a rock-solid restaurant lease. Finding Restaurants for Lease-Let’s get started You should complete the following steps before starting your search of restaurants for lease: Create a Business Plan Form Business Entity Prepare Personal Financial Information Your Rest ..read more

Restaurant for Sale-The Sellers Guide to Making the Sale Before listing your restaurant for sale, you need to have your ducks in a row. Selling your restaurant is similar to cooking: For the best results, follow a proven recipe. The French phrase mise en place,  “Putting everything in its place,” is just as relevant when selling your restaurant as it is in your kitchen. Careful preparation and order are critical to a smooth restaurant sale. Restaurant for Sale-The Sellers Guide to Making the Sale breaks down the process needed to market your restaurant for sale and close the deal. Section ..read more

  What is a lease assignment? The assignment and or subletting provision in your lease is one of the most important provisions and often given little attention by new business owners when they lease a retail store or restaurant. The assignment provisions cover your right to assign the lease to another person. The person assigning the lease is the “Assignor” and the person receiving the lease is the “Assignee”. Why do you need lease assignment rights? There are many reasons you may need to assign your lease to another party; You’re selling the business. You’re selling your shares of the ..read more

Lease Commencement Date vs Rent Commencement Date The lease commencement date is the date your lease starts. The rent commencement date is the date you start paying rent. Do you ever feel like someone is just a few steps behind you waiting to pull the rug out from under your feet? Are you always worried that, just when you’ve saved enough money for a vacation, you’ll get stuck with a huge car repair bill out of nowhere? If you sign a lease for your restaurant, your first rent increase can feel the same way. Out of the blue, your rent has been increased. How is this possible when you have only ..read more

The One Page Restaurant Business Plan Most businesses are created to fill a need or to improve upon an existing business. Prior to opening your new restaurant, you need a restaurant business plan.   Your Restaurant Business Plan is Your Recipe Your concept determines the main ingredients needed to successfully create your restaurant. The main ingredients are: Your Menu Your Pricing Your Target Customers The truth is most restaurant business plans are full of fluff and worthless five-year projections. Don’t get me wrong, you need a restaurant business plan, but you don’t need to get bogg ..read more