Buying a Restaurant

Bruce Jenkins, CCIM, GRI, e-PRO

CR Commercial Realty

813-843-7193

Advantages of buying an existing restaurant:

Much less expensive. It would cost you 2 to 3 times more to build-out your own.
Quicker timetable to get business up and running (will take 6 months to a year to receive all the permits and inspections)
Existing customer base
Grandfathered of existing building conditions (restrooms, etc)
Immediate cash flow
If lease is assigned, it may be lower rent than a new lease

Disadvantages:

Must compromise with existing buildout and kitchen
Inherit the former business reputation
If older, may have higher maintenance bills