269. Buying or Selling a Restaurant - Jaime Oikle

Restaurant Rockstars Podcast

Sooner or perhaps later you will think about selling your restaurant. Maybe you want to retire, start another business, spend more time with family or just get out from under your operation. On the flip side, the pandemic has created lots of opportunity for new and existing operators. There are lots of restaurant spaces for lease, many with fit-ups and equipment in place. There are also many restaurants for sale across the country. Now may be the time to explore these opportunities. In this episode of the Restaurant Rockstars Podcast, my friend and fellow industry Pro Jaime Oikle of www.runningrestaurants.com and I will do a deep dive into the Ins & Outs of this topic. We’ll discuss: - The questions you should be asking on either side of the bargaining table - Essential Due Diligence or “Doing Your Homework” - What is the true “Value” of your business and how is that calculated - What is “Goodwill” and does it have significant value in your sale or purchase - Which financials are most the most important - Why staff are either an Asset or a Liability in this process - The essential “systems” that maximize your sale price or are most attractive to potential buyers And so much more…. Listen on then Rock Your Restaurant! Roger Thank you to our sponsors: Sysco - https://www.sysco.com/ 7shifts – Get 3 Months of Industry Leading Labor Management for FREE: https://www.7shifts.com/restaurantrockstars Popmenu - For a limited time only, popmenu is offering our listeners $100 off your first month plus an unchanging lifetime rate. FREE Demo: www.popmenu.com/rockstars