How to maximize the selling price of a restaurant business

Should you set an asking price for a restaurant business that is firm and hold to the price - or should you set a price that is higher than you expect knowing you will negotiate? If you set a price that is firm you may give away your negotiating flexibility. If you set a price that is higher than you expect you may chase away buyers because they think you are wanting too much and therefore they might not even submit an offer.

I've had over twenty years of experience setting prices for restaurants. I've set price both ways, either because I was directed by the Seller to set a firm or flexible price, or because the Seller has taken my advice on how ...

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RestaurantBizOps.com sets record month

December listings were "clicked on to open up to learn more" a record setting 44% over November. This is our fastest growing month in the history of the website. What this means to you is a 44% greater likelihood - in one month - that your listing(s) will not only match a search but even more importantly will have the heading clicked on to "Click Here to Learn More". This means 44% greater likelihood of LEADS to you in ONE month.

Would you like to TRIPLE your leads risk free? Premium Account Holders ( by being listed at the top in the search results ) predictably will benefit from far greater exposure. Did you know that you can upgrade your listings as a Premium Account Holder with a money back guaranteed in order to test this. Your $39.95 per month investment is fully refundable should you not feel you are getting more leads. All you need to do is log into your account and answer "yes" to "Would you like a Premium Listing?". Keep in mind that your monthly investment includes ALL your listings. If you are an intermediary and have ten listings as example you are getting Premium exposure for $3.95 per listing.

So what do you have to lose? You would have to be crazy not to try the increased exposure with a money back guarantee. Log into your account and answer "yes" to "Would you like a Premium Listing?" for all of your listings, whether one, or fifty. You'll be glad you did.

"This is a good site. I already found two locations I am interested in. Bon Appetit".
Joe

Advice on narrowing your search

Customers listing restaurant businesses and locations do not have any "required" fields other than Opportunity Type and State. This means that If you narrow your search this will result in finding listings that include the parameters that you specified - but this will also find listings where the customer entering a listing did not enter any fields for a specific question. As example; if you narrow your search by square footage as below:

Square Footage of business, space, or building?
X Under 2,500 square feet
_ 2,500 to 4,999 square feet
_ 5,000 to 7,499 square feet
_ Greater than 7,500 square feet

your search result will display all listings where the customer specified that the restaurant opportunity is "Under 2,500 square feet" BUT your search result will ALSO display listings where the customer entering a listing did not toggle ANY of the options. (Our decision to allow these listings to display was based on deciding the opportunity MIGHT be Under 2,500 square feet because the customer listing the opportunity chose not to disclose any options.) You should open up (CLICK on the listing heading), or contact the listing customer for details.

"How much is my restaurant business worth?"

There are many reasons an owner would want this information ranging from just curiosity to the possibility of a sale. It could also be very important to understand the variables that go into arriving at a current market value from the point of view of the buyer. Ultimately, a restaurant is worth what a seller is willing to sell for and a buyer is willing to pay. No matter what an outside expert will tell you, the real proof comes from....


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"I think your site is the best out there. Easy to use for both buyer and seller. I sold my restaurant in the first two weeks it was on your site and I'm still getting two calls on it per day. Thank you,"
Jay McClay
Tomatoz Italian Bistro, Marietta GA

 


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Kimball & Company Restaurant Services, Inc. cannot be held liable for any information provided by those searching for, or listing, property and businesses. You should always perform an independent review before taking any action on information gained from this service. All contents of this web site © Copyright 2005 Kimball & Company. All Rights Reserved. Websites owned by RestaurantBizOps.com include Restaurant-Brokers-Resource-Center.com and Restaurants-For-Sale-Resource-Center.com

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