Monday, June 29, 2015

Work with the Right Broker When Putting Up Your Restaurant for Sale

There’s no doubt that you need a broker in selling your restaurant. Many of the restaurants for sale in Vancouver are listed by brokers, for good reasons. Brokers would have the proper network and platforms that would allow wider exposure for any property for sale. Professional brokers would also have intimate knowledge about buyers’ behaviors, such as when would be the best time to sell a property. Don’t just work with a general business broker, however. Instead, make sure you enlist the services of someone who specializes in restaurants, such as Restaurant Business Broker. This type of broker would have an established marketing system that targets the right networks and potential buyers. Such a broker would also have more than enough knowledge about the industry to help you come up with a selling price that’s neither too high nor too low, as both can have a negative impact on your selling efforts.

Monday, June 22, 2015

Buying a Restaurant for Sale in Vancouver: The Franchise-Indie Debacle

"Building from scratch is incredibly hard work, so it’s not uncommon to see aspiring restaurant owners veer away from the ‘ground-up’ approach in setting up a business. That being said, some future restaurateurs tend to opt for buying an existing establishment instead. In buying a current restaurant for sale in Vancouver, people have two basic options: a franchise or an independent business. Either option has its merits, but ultimately choosing one path depends on one’s understanding of his own strengths and weaknesses, as well as the differences between the two modes of starting up. Here’s a quick rundown of the disparities between a conventional franchise and an existing independent business.