Corporate Closings? 

Due to the economic downturn of the restaurant industry in 2008 from which most franchises are still struggling to recover, there has been a significant increase in the amount of corporate closings. This can be due to bankruptcy, mergers, acquisitions, restructuring or retirement. Corporations have seen a sharp decline in profits from these corporate locations as most restaurants depend on owner-operators to maintain a level of consistent quality control, proper staffing, ordering and supply maintenance.

Franchise and corporate owners often have to make the difficult decision to close those non-profitable stores in an effort to maintain dignity and stability for other locations within the franchise or corporation. Mergers and acquisitions bring about the possibility of having 2 locations now with the same name in the same general area, which produces a flood in the local market and therefore actually decreases profits when taking into consideration staffing, overhead and marketing and commercial advertising. The idea of selling off a number of franchise or corporate stores that have already shown a decline can be a hard thought but often can provide the best possible outcome.

Whether you are closing down an entire franchise or corporation or are simply reducing the number of stores in your portfolio, WBAR has the capability to handle all aspects of moving these assets from the underperforming or closed locations so you can focus on your valuable, profitable business.

Simply send us a request for a free valuation through the site and WBAR will make you a cash offer for ALL of your franchise or corporate locations. We’ll ask a few questions to gather information about your business model and locations, you’ll snap a few photos and we’ll help you gather a basic inventory list, which may include: 

• Refrigeration (Walk-ins, reach-ins, undercounter coolers, chillers and freezers)

• Cooking Equipment (Stove, grill, griddle, microwave, salamander)

• All types of seating packages (indoor and outdoor)

• Small Appliances (Slicers and dicers, toasters, mixers and blenders)

• All signage and décor (with or without branding)

• Smallwares (Any cookware, dishware, flatware, bakeware, disposables)

• Any Other Furniture, Fixtures & Equipment (FFE) & Supplies

We’ll review all of the information as received and we will make you a reasonable cash offer for all locations. Once this offer has been accepted our team will reach out to schedule a mutually convenient time to bring proper transportation, tools and labor to efficiently and safely remove these items, allowing the space to be returned in condition usable for the next tenant or owner.

Still owe on your equipment? Leases? Multiple owners? Franchise agreements? Outstanding debt?

IT DOESN’T MATTER. We can help. CALL NOW!!

We Know the Corporate Business

 

One of the most popular restaurant industry business models is the burger restaurant. The term hamburger was first derived from the second largest city in German, Hamburg. The modern version of the hamburger, at least one piece of ground meat between 2 pieces of bread, has a multitude of theories on the who and where of origination. It is generally agreed upon that the hamburger was invented in the US and sometime around the late 1800’s to early 1900’s.The largest hamburger restaurant chain by revenue is McDonald’s, which is popular across the entire world, not just the country. Founded in San Bernadino, California, in 1940, as of 2018 McDonald’s boasted 37,855 locations across the world. Best known for their hamburgers, McDonald’s has focused in recent times on providing healthier options besides just hamburgers and french fries for their patrons. Even the famous Happy Meal has seen a healthy upgrade, offering options for apple slices, chocolate milk and fruit juice for young diners.

The average cost to open a gourmet burger restaurant in America is $550,000.00. When opening a brand new burger restaurant you should expect about 18-24 months before showing a profit on the books, maybe more, so it is important a burger restaurant owner plans ahead in regards to this to avoid financial disaster. Most gourmet burger restaurants rely heavily on dine-in traffic and owners can find themselves working in a variety of roles throughout the burger restaurant to maintain reasonable quality control and labor costs.

Gourmet burger restaurants often focus on the types and qualities of meats they offer in their sandwiches. A nice fresh-cut homemade french fry or other side dish can compliment these offerings very nicely, and a craft beer or specialty drink or spritzer menu can increase ticket values exponentially. Happy Hour offerings with slider-sized versions of the most popular hamburgers on the menu can lead to return traffic from customers hoping to enjoy full-sized meals that measure up to the delicious lunches they have enjoyed at the burger restaurant.

It is estimated that for every 1,000 burger restaurants that open, only 30 will remain open after 5 years, with a whopping 900 of those closing within the first year. If you are considering selling your burger restaurant, you understand the market. It is best to sell fast - sell NOW - before thousands of other similar restaurants flood the market, devaluing your investment right alongside the daily depreciation factors. 

Stop struggling to earn a living, and start living! Call WBAR NOW for your FREE valuation.