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Restaurants

Restaurants require a higher level of skill than a café or take away. Generally, restaurants will specialise in a particular cuisine and the buyer will usually have some kind of previous experience in that food sector. Restaurants are not as attractive to buyers as the hours are linger and unsocial. After all, wouldn’t you rather prefer a 5 day a week daytime café? However, that said, restaurants offer great value for money for a buyer for the very reasons above. They can be extremely lucrative and on average sell for about 1 ½ times cash surplus to a working owner. Watch for the owners goodwill component is this type of business as it may be hard to transfer to a new owner if the current owner is highly skilled or particularly flamboyant. We love restaurants. To the right owner they can be a fantastic business and if you enjoy the lifestyle and hard work of the trade, the rewards can be abundant.

 

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