Buy A Restaurant: I Want To

P&L statements can be manipulated, but tax returns are the official record.

To review the purchase agreement, lease, and ensure all permits (especially liquor licenses) are properly transferred. Summary Checklist for Your Search Action Item Search i want to buy a restaurant

You aren't just buying a kitchen; you're buying a reputation. P&L statements can be manipulated, but tax returns

Ask why they are selling. Retiring? Or is a huge competitor moving in next door? Ask why they are selling

Do not take the seller's word for it. You need to see the "hard" numbers to ensure the business is actually healthy.

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

A common rule of thumb is to pay roughly 2 to 3 times the yearly EBITDA (earnings before interest, taxes, depreciation, and amortization). 2. Deep-Dive Due Diligence