Restaurants for Sale

"I think your (listing exchange) website 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 was still getting two calls on it per day. Thank you!"
Jay McClay
Tomatoz Italian Bistro, Marietta GA

You are getting this newsletter because you made contact with us at RestaurantBizOps.com or because we have targeted you as an intermediary that can help people with a restaurant business and/or real property sale/lease opportunities.

Selling a Restaurant? ( Ask the Tough Questions Early and Save Yourself Time and Headaches )

As an intermediary selling restaurants for over twenty years, I wish I had read this article when I started out. You’ve decided to sell your restaurant ( or maybe you’re selling a restaurant for someone else as an intermediary ) and a “suspect” buyer calls you. Do not make the mistake I did for years in assuming the buyer is a “prospect” buyer just because you are eager to sell the restaurant and they talk a good game.

It seems many times the “suspect” buyer asks all the questions and because restaurants can be hard to sell we don’t want to offend the buyer by asking for things like a financial statement. So where do you draw the line in what to ask for without chasing away a good buyer?

Experience has taught me to ask early, firmly, professionally, and very nicely – but pretty much insist on getting “The Big Four”.

“Mr. Suspect Buyer, I really appreciate your interest in the restaurant and I sincerely hope we can put a sale together. I will be happy to provide you all the details about the restaurant in order for you to know if you are interested.

However..
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Another Month of Fantastic Growth at RestaurantBizOps.com

Prospects for restaurant businesses or locations can contact Account Holders with listings direct after a “Search” is completed. The “Search Results” may display dozens of restaurants in a list for the person to review who completed the search. All of the listings displayed have a header which can be clicked on for a full page flyer to open up for details and even printed. The listing being "opened up" is a clear indicator that the listing is getting looked at. In fact, most Account Holders who post restaurant opportunities can review how many times their listing was “Opened for Details” for any period of time through their account “Reports” feature.

May 2005 set a record for the number of times listings were looked at as defined as the number of times the listings in Search Results were clicked on to “Open for Details”. In fact, May grew over 20.3% from April – in ONE MONTH. Listings are "opened up for details" thousands of times each month. If you don't post your restaurant opportunity however it can't be opened up. You have nothing to lose and everything to gain by posting your restaurant opportunity(s).

Find Buyer’s and Tenant’s for Your Restaurant Opportunity (Even if they have NEVER visited RestaurantBizOps.com?)

If you are not using the “Saved Search” tool at RestaurantBizOps.com you should be. Once you save a search with a unique name you will be e-mailed NEW listings that are posted by intermediaries and principals that match the specifics of your saved search. This tool may help you more than you realize. Here’s how..

You probably already know that if you are a principal or intermediary looking for a restaurant business or location you can save your search and you will be notified by e-mail when matches occur with new listings as they are posted. But did you think about creating a saved search even though you are not looking for anything yourself - but in order to find Account Holders with matches of other businesses and properties similar to the opportunity you listed? There are intermediaries and principals who have listings that match yours and probably have prospects who may be interested in your opportunity who have contacted them in the past. Contact these principals and intermediaries and let them know you will pay them a referral fee for sending you prospects who are not interested in the opportunity they listed - or even after their opportunity has sold or leased.This could result in your finding a buyer or tenant referred from another Account Holder at RestaurantBizOps.com. Wouldn’t it be ironic to find a buyer or tenant for your listed opportunity who has never visited RestauantBizOps.com !

Sincerely,

Jack

Jack Kimball
Editor, Owner, and Director of Business Development
www.RestaurantBizOps.com
Toll Free 877 219-9747

" First off, the first thing that I noticed was that your site was extremely easy to use and to navigate. It really walks you right through the searching process. It also asks many questions that are very specific and many of which are questions I would of not have thought of.

S econdly, I like that you can do different searches and can save them individually to retrieve later. A great tool.

I have received several phone calls from emails I have sent out from this site. Thank you very much. Good luck with your site and keep up the good work."

Eric K.