INDUSTRY TRENDS AND OPPORTUNITIES
- Evolving Consumer Tastes- Constant changes in consumer tastes bring new opportunities for different and exciting restaurant ideas
- Favorable Demographic Trends- Baby boomers and duel income families with more discretionary earnings and less time to prepare meals at home have driven up the demand for restaurants
- Growth in Take Out Menus- Smaller restaurants have become very successful at growing their business by offering broad take out menus. Restaurant take out sales have tripled in the past decade
“Here what our customers have to say”
I had always wanted to own my own restaurant. Murphy helped make that dream come true for. They were able to help me get a great deal on a restaurant in a good location. I have now been running this restaurant for several years and it been very profitable. For me, it was not just about buying a business, it was about investing in a new way of life.
“Here’s what our brokers have to say”
Depending on the situation, buying a restaurant could be a risky investment. You have to remember that there are several factors to consider. Location is probably the biggest factor. Things to consider when dealing with location are factors such as demographics, traffic, visibility, and the growth of the surrounding area. The condition of the restaurants assets also play an important role in the decision to buy a restaurant. You want a restaurant assets in good condition to avoid high capital expenses later on. Having favorable leasing terms also plays a significant role in the buy sell process. Finally, buyers always face the challenge of verifying the annual gross sales of the business. These things are what make having a knowledgeable transaction broker involved so important.
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