Ed started his career in the industry in the 70’s as an owner operator of Eulipia, a successful night club and restaurant which he operated for 14 years in downtown San Jose which he sold to his partners. While he was negotiating his premises lease… Read More »Ed Rathmann & Glenn Thompson – Willow Street Pizza & Main Street Burgers
Asset Sale– Advantages No legal liability for the corporation prior to the purchase. In California, when an escrow is utilized, a bulk-sales process assures that the buyer will get title to the assets free and clear of all liens and encumbrances. No liabilities for employees… Read More »Advantages & Disadvantages of an Asset Sale Versus a Stock Sale
Bill Foss is not your typical restaurateur as he comes from the high tech world. He started in high tech in 1987 working for PDI where he started as a production assistant and then became an animator. He eventually went to Wavefront where he worked… Read More »Bill Foss – Co-Founder of Netscape, Owner of Kenwood Restaurant & Fish
Retirement – This is a common reason why sellers sell. They, simply grow too old to properly run and manage the affairs of their business. If a seller does not have heirs interested in coming into the business, it is best that they take a… Read More »Why Seller’s Sell
Sunny Bajwa recently purchased the famous Basque Boulangerie Café in Sonoma . Sunny started his food service career working at a Taco Bell, then owned a String’s Italian Franchise in Milpitas for several years, then worked for Einstein’s Noah’s Bagels for 13 years where he… Read More »Sunny Bajwa & Basque Boulangerie Café in Sonoma
From my versatile experiences as a restaurant owner, buyer, seller, landlord and restaurant broker I have prepared the list of questions below which should make it easier for a buyer to learn as much as possible about the business they will potentially be purchasing. The… Read More »Important Questions and Information to Ask the Seller
It has been almost a year since our colleague and friend Nicki Evatz lost her bout with cancer. Restaurant Realty pays tribute to an extraordinary woman who always put her best foot forward at both work and home. Although Nicki was never a restaurant owner… Read More »Nicki Evatz – In Memoriam
Landlords usually have high standards for accepting a new perspective tenant for their property due to the high failure rate for new restaurant, bar and club businesses. I often tell my clients that the biggest challenge in putting together the deal is not getting the… Read More »Qualifications Needed to Purchase a Restaurant, Bar and Club
Nectar Wine Lounge at 3330 Steiner Street in San Francisco and is the product of great passion for the world of wine and the life style of which revolves around that world. Nectar offers 50 wines by the glass as well as tastes and flights.… Read More »Nectar Wine Lounge Trio
When the buyer is purchasing a restaurant, bar or club the purchase includes 1. Fixtures and Equipment, 2. Licenses, 3. Leasehold Improvements, 4. Premises Lease, 5. Goodwill, 6. Cash Flow and 7. Covenant Not to Compete. All of these items are discussed in depth as… Read More »What You Are Buying When You Purchase a Restaurant, Bar or Club