Selling Your Family Restaurant? 

All restaurants, not just family restaurants, have been struggling since the restaurant recession started back in 2008. And now COVID-related restrictions are making it even harder for you to accommodate your diners, staff properly for shifts and even find a reasonable, reliable food and beverage supplier. Family restaurants are most popular with indoor dining, although there has been a significant rise in takeout, especially in recent years. This has resulted in a much higher demand for the time, attention and money of all the family restaurant owners. The statistics are staggering – in 2019 the industry lost over 110,000 restaurants and in 2021, it is expected that more than 190,000 restaurants will close their doors, forever.

The owners of a family restaurant must think about the overwhelming tasks associated with closing the doors prior to making such a life-altering decision. WBAR has decades of experience in the industry and is ready to put their extensive market research to work. We’ll pay you CASH for your family restaurant, NOW.

While you begin notifying suppliers, employees and customers, WBAR will make you a CASH offer on your family restaurant so you have one less thing on your plate - liquidating. 

Want a FREE valuation for your family restaurant? Our experts will gather some information & photos, we’ll help create your tentative asset list which may include: 

• Refrigeration (Freezer, Refrigerator, Pie & Dessert Case, Deli Cooler)

• Cooking Equipment (Oven, Microwave, Toaster, Fryer)

• Booths, Tables and Chairs, High Chairs and Booster Seats

• Countertop and Small Appliances (Mixer, Blender, Slicer)

• Order-taking System, Camera, Sound and Lighting System

• Back of House and Front of House Smallwares (Dishes, Silverware, Pots and Pans)

• Any Other Non-Permanent Assets in the Property

After reviewing the information you will receive a FREE cash offer with NO obligation. Once the offer is accepted our team will immediately begin scheduling your extraction using qualified labor and proper tools and transportation. 

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

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

We Know the Family Restaurant Business

When opening a new family restaurant, it is important that owners take into account local trends for beverage and dining choices. Most folks expect the family restaurant to have a large offering of homemade, hand-cooked meals and comfort foods such as pot pie, chicken and noodles, meatloaf or chili. Many utilize food delivery services such as Uber Eats, GrubHub, Postmates or DoorDash so they don’t have to pay a dedicated delivery driver. Using fresh, local ingredients can provide a great niche for your clientele. If you have outdoor dining, warmer climates will appreciate these options year-round while variable climates will utilize these mostly in spring and summer months. Providing a separate menu for customers with food allergies such as wheat, nuts, gluten, eggs, dairy, soy, etc can be beneficial. Breakfast and lunch seem to be the most popular dining times for family restaurant goers. Offer a non-smoking section if your state allows for smoking indoors.

The average cost to open a family restaurant n the US is $200,000.00. When opening a brand new family restaurant expect at least 18 months to pass before you start to see a profit, possibly longer with the continued increase in expenses related to labor, food and beverage and even lease terms with the property owner. Another consideration will be who will run the business? Most new family restaurant owners will continue their previous employment until a profit is seen, and family restaurants with absentee owners are twice as likely to fail. Anyone who has ever owned a family restaurant or any type of hospitality industry business knows that if you can’t do it for the love of the business, the money probably won’t come and it certainly won’t make it any better.

The Los Angeles Times reports that the oldest continuously family-run restaurant in America is Antoine’s restaurant in New Orleans, Louisiana. Founded in 1844, it is considered one of the best restaurants in the area and it has become widely recognized for its many famous diners comprised of multiple presidents, actors and musicians traveling through the city. The largest family restaurant is said to be San Pedro Fish Market in Los Angeles, California, which boasts an incredible 50,000 square feet of waterfront dining. When it comes to outdoor dining, the largest outdoor restaurant award goes to The Oasis on Lake Travis. Located on the western edge of Austin, Texas, this 30,000 square foot restaurant built in 1982 sits atop a bluff 450 feet above Lake Travis and touts itself as the Sunset Capital of Texas.

It is estimated that for every 1,000 family 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 family 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.