There are so many things to consider when buying a restaurant that we decided to break that list down to just seven issues. If you only look at these issues, you should avoid most of the big hazards when you buy your next restaurant. Now, this assumes that you have some idea of the restaurant… Continue Reading
Tag Archives: buying a restaurant
The Top 5 Considerations Before Buying A Restaurant
Posted in Acquisitions, Commentary, Franchises, Franchising, Liability, NegotiationDespite the “Great Recession”, the restaurant industry continues to thrive. One of the latest great examples of this is the expansion of Asian cuisine. For instance, a new franchise concept called Mama Fu’s is set to open 14 new restaurants in the Dallas area alone over the next several years, according to this article from… Continue Reading
Restaurant Trade Fixtures And Equipment – What Belongs To You And What Belongs To The Landlord?
Posted in Acquisitions, Contracts, Liability, Litigation, Real EstateCo-Authored by Matt Sanderson & Lindsey Postula THE MYSTERIOUS TRADE FIXTURE What are trade fixtures? Trade fixtures are the equipment that a tenant uses to operate its business. Although they are not considered to be real property (which means they don’t fall into the definition of fixtures), they are generally attached to the leased premises… Continue Reading
5 Ways to Avoid Costs of Acquiring Restaurants
Posted in Acquisitions, Contracts, Corporate Entity, Franchises, Negotiation, Real Estate, VendorsAll too often the margins of restaurant acquisition require stringent cost control. To help, here are five things to keep those costs low when considering the purchase of a restaurant: 1. Assemble Your Team – It’s hard to decide when to get your team of counselors (like attorneys, accountants, appraisers) involved in a deal. If… Continue Reading
How Buying A Restaurant Is Like Coyote Ugly
Posted in Acquisitions, Contracts, FranchisesDon’t you hate it when you go to the movies, and the advertising for the film is completely different than the film itself? That happened to me with Coyote Ugly, and I still claim my wife tricked me into seeing that with her! In my opinion, the list of these types of movies is… Continue Reading
5 Reasons You Think You Don’t Need a Lawyer to Buy a Restaurant
Posted in Alcohol, Contracts, Corporate Entity, FranchisesThe truth of the matter is that you do not NEED a lawyer when you buy a restaurant or any business. Is it a good idea? Could it save you money in the long run? I believe that the answer to these questions is most certainly YES, but I’ll let you be the judge. Accordingly,… Continue Reading