I Want To Buy A Restaurant Here
High turnover is a red flag. Find out if key staff (like a head chef or manager) plan to stay after the sale. 4. Professional Support Team
To review the purchase agreement, lease, and ensure all permits (especially liquor licenses) are properly transferred. Summary Checklist for Your Search Action Item Search
Specifically one with restaurant experience to audit the books.
This is often more important than the sale price. Check if the lease is transferable, how many years are left, and if there are "escalation clauses" that will hike your rent.
Assume refrigeration and HVAC systems are on their last legs. Get an objective appraisal of the kitchen equipment rather than accepting the seller's valuation. 3. Reputation and Brand
Do you already have a specific or location in mind, or are you just starting to look at listings? How to Buy an Existing Restaurant Checklist - TheRealBarman
High turnover is a red flag. Find out if key staff (like a head chef or manager) plan to stay after the sale. 4. Professional Support Team
To review the purchase agreement, lease, and ensure all permits (especially liquor licenses) are properly transferred. Summary Checklist for Your Search Action Item Search
Specifically one with restaurant experience to audit the books.
This is often more important than the sale price. Check if the lease is transferable, how many years are left, and if there are "escalation clauses" that will hike your rent.
Assume refrigeration and HVAC systems are on their last legs. Get an objective appraisal of the kitchen equipment rather than accepting the seller's valuation. 3. Reputation and Brand
Do you already have a specific or location in mind, or are you just starting to look at listings? How to Buy an Existing Restaurant Checklist - TheRealBarman