Selling Your Restaurant Business
We recently sold the Great Harvest Bread Company in Cary, NC. The owners of this business (husband & wife team) both worked in the business and they had built an amazing business that was very profitable.
Selling a restaurant can be one of the most difficult of all business sales and COVID hasn't made restaurant sales any easier. Fortunately, this business performed well during COVID, which demonstrated just how strong this business actually was.
The rule of thumb for restaurants is a multiple of 2 of SDE for well-performing businesses. The higher the SDE, the higher the multiple might be.
Selling Your Restaurant Business
I'd like to help you if you are thinking about selling your business as well. My name is Tina Wright and I own Transworld Business Advisors of Raleigh along with my husband. Our business brokerage firm serves our clients with three core values:
- Treat People With Dignity
- Be Truth Tellers
- Work HARD
Selling a business is a serious consideration. Let's grab a cup of coffee so that I can meet you and learn more about your incredible entrepreneurial story! My 10 Commandments of Selling a Business
- Selling your business is as much about emotions as it is numbers
- Selling your business requires truth-tellers, not hype
- Selling your business requires doing the hard work upfront
- Selling your business requires spotting hurdles early because no business is perfect
- Selling your business requires daily check-ins with buyers and seller
- Selling your business requires a seasoned professional
- Selling your business requires a Ph.d in problem-solving
- Selling your business requires confidential marketing
- Selling your business requires grit
- Selling your business requires a sweet southern accent to calm tensions that will always arise:)
