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  1. I've never sold, but I purchased a restaurant in...

    I've never sold, but I purchased a restaurant in 2020 using a broker. They are only intermediary, so you would want a quality accountant and lawyer to be with you during the entire process.
  2. Thread: Restaurant

    by Bobjob
    Replies
    5
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    3,944

    I appreciate Dawn's suggestion. Does anyone have...

    I appreciate Dawn's suggestion. Does anyone have any other suggestions? If we offer a six month bonus to a dishwasher then the rest of the kitchen is mad they didn't get anything. So now we must...
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    Google Reviews Question

    Our restaurant sometimes gets a one star review that is not intended for us. They will say our chicken wings were no good but we do not serve chicken wings. We can comment to their comment, but this...
  4. Thread: Restaurant

    by Bobjob
    Replies
    5
    Views
    3,944

    Restaurant

    We purchased a restaurant this year, and so far the most difficult issue is hiring / retaining kitchen staff. It seems they do not have to work while receiving stimulus checks and they are making the...
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    4,245

    I am not an accountant, so I do not know what I...

    I am not an accountant, so I do not know what I am talking about.

    I have a Type C and Type S corp neither currently use equity accounts. To me they are a good idea, but again we do not use them....
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    I have never joined my local Chamber, but that is...

    I have never joined my local Chamber, but that is only because I do not have any local customers. I did join another "club" that is for businesses from Germany in my state, and I believe it and the...
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    Trade Exchange Business

    I found a trade exchange business for sale. I had never heard of this before. After researching what a trade exchange business is, and finding some examples of them, I still do not find the value of...
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    Businesses making me an offer

    I wasn't sure where to put this.

    Maybe I'm jaded, but whenever a business offers me a "deal" I assume it is a deal for them. Take my HVAC people, if you sign up for their Maintenance Service...
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    Financial records question

    Is it normal for a business broker to ask for the buyers financial records before offering the business records?
  10. Replies
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    5,211

    That's lame. Sorry you are dealing with one of...

    That's lame. Sorry you are dealing with one of those types. I agree, you must have a due diligence report ready before you even put the business up for sale.
  11. I watch a little Viceland but I have not heard of...

    I watch a little Viceland but I have not heard of this show. Two locations in 25 years... they definitely care about quality doughnuts and not money.
  12. Thank you for sharing. I can imagine that is a...

    Thank you for sharing. I can imagine that is a huge show.

    Back in the day (pre cell phones) they did not allow cameras in our trade shows, as companies were afraid of other companies stealing...
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    5,545

    We use Evalon, they work fine for us. We only...

    We use Evalon, they work fine for us. We only take CC payment over the phone.
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    3,237

    Read over the lease agreement and negotiate what...

    Read over the lease agreement and negotiate what you believe is fair. Often they will put in the lease that if the AC must be replaced, it is your responsibility to pay for it. You can negotiate that...
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    So do you round up to $500 just to get a round...

    So do you round up to $500 just to get a round number?[/QUOTE]

    I have in the past but it is not what I normally do. I realize it is a mental thing that 499 is cheaper 500. But when I begin writing...
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    Anyone ever do purchasing for a corporation?

    I had a guy ask me to drop my price from $804 to $800 as it would be easier for him to get approved faster. Can this be true?

    I have never run into this before. Sometimes people ask for discounts...
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    5,211

    Everyone says the restaurant business is rough....

    Everyone says the restaurant business is rough. Spoilage, employee food theft... CUSTOMERS! Ten years in I would guess - it to be a midterm project.

    I been daydreaming about this one that is for...
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    5,211

    I have no idea what I am talking about so forgive...

    I have no idea what I am talking about so forgive me.

    Long enough for there to be a system as to how the restaurants are managed. So there is a manual to follow for future openings. I suppose if...
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    Being the Boss vs. the friend

    Our business was a family business. With mom and dad retired it is me, a bookkeeper and a laborer. I've never been a manager or boss before and I finding the transition difficult. I've been reading...
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    Old ads - New ads

    Should a business change the "look" of their ads or always keep them somewhat looking the same. I do not see anything wrong with a new look to the ad. But others say you should stay somewhat...
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    6,176

    Yes, and if someone in your office didn't know...

    Yes, and if someone in your office didn't know better they might pay it.

    The other day I received a Platinum card in the mail and it took me a full minute to realize it wasn't related to AMEX (I...
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    Domain Listings Scam

    Remember to avoid this scam - Called Domain Listings. It gives the impression they provide you your domain. Although they do express that is not what they do in the letter and that the letter is not...
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    4,113

    In the US, you must provide it if you have over...

    In the US, you must provide it if you have over 50 employees.
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    4,190

    I almost didn't watch cause I thought it might be...

    I almost didn't watch cause I thought it might be a 22 minute long video.

    "It is one thing to spark up a doobie and get laced at parties, but it is quite another to be fried all day." - Cher...
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    I am in my infancy of learning about healthcare...

    I am in my infancy of learning about healthcare for employees.

    It appears the three options are you can put everyone under the same group plan, you can give your employees money hoping they spend...
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