Why Become a Restaurant Broker?
The demand for business brokers that specialize in restaurants will always be high. Restaurant owners sell for a variety of reasons including retirement, health, burnout, divorce, and other significant life changes. Buyers purchase restaurants for a number of reasons including profitability, independence, expansion and even for immigration and residency status in the United States. Additionally, thanks to numerous food shows (Food Network, Restaurant Startup, Bar Rescue, Restaurant Impossible etc.) the glamour of owning a restaurant has been brought to a whole new level and the number of restaurants across the nation has risen significantly. There’s more restaurant type businesses in a given city than any other type of business. Selling a restaurant is not like selling a hair salon, auto repair shop, or manufacturing company. Selling a restaurant requires specialized knowledge to ensure the sale goes smoothly and ultimately closes. Our clients count on us to do our jobs at the highest level and that’s why they hire business brokers that specialize in restaurant sales.
Transferring ownership of a business is a complex process involving determining a fair selling price, making sure the business’s finances and financial records are in order, finding qualified buyers, negotiating a price, going through escrow, transfer of the liquor license, franchise agreements, leases and close the transaction. Business brokers not only manage these steps, but also ensure confidentiality by requiring interested buyers to agree not to disclose the details of the potential business sale.
Benefits of Becoming a Restaurant Broker
If you enjoy the food & beverage industry but don’t want to work the long hard hours of a restaurant, consider becoming a restaurant broker. As a broker, you work “banker” hours and have the freedom to work from home, or anywhere with a laptop and a cell phone. Additionally, there are no employee costs or the hassle of inventory control and spoilage. As part of the Pacific Restaurant Broker family, we provide much of the back end support. Since you work from home, there is no rent as well. Lastly, you control your income. You’re in charge of your own business and work as much or as little as you’d like.
Join Our Team!
If you’re ready for a career in restaurant brokerage, contact us today. There are no franchise fees or recurring monthly desk fees. You will learn how to value a restaurant, client management and how to use the forms and marketing materials for your business. After completing training, you will be part of the Pacific Restaurant Broker family. There are 2 ways to join our team. You can become an agent or open a branch office and grow your own team.
A. Become an agent
We’ll train you on how to become a successful agent. Our training consists of 3 days of best practices and class training. After the 3 days, you will then be partnered with a senior agent and work closely with them on your first 3 transactions. There are no desk fees or recurring monthly fees. If you are new to the industry, you will have to take an on-line introductory course through the International Business Brokers Association. The course cost is $299 and can be completed during training. Additionally, if you do not have a real estate license, you will need to sign up for on-line courses which cost around $300. Contact us for more details.
B. Grow your Own Branch Office or Start Your Own Team
We are in growth mode! As with any company, our future success is determined by our growth and it is for that reason that we allow qualified agents/brokers to open and grow their own branch office or start their own team. Earn residual income from agents you train and manage.
If you would like to open your own office, we will train you! Our complete training program is only $9995 (less than our minimum commission) with a money back guarantee. We guarantee you will recoup your fee AND complete a few transactions within 12 months if you follow our training program. Training is for 10 days in our corporate office in sunny Orange county, California. The training fee includes a new laptop computer, a marketing assistant assigned to you for 1 month, daily lunches and most importantly intensive one-on-one training with an experienced restaurant broker. You’ll have all the necessary tools to start business the day after training including: a new company issued laptop, on-going support and training, and a full-time marketing assistant assigned specifically for your territory for your first month in business. You’ll have business cards, a company email and marketing materials ready for use. More importantly, you will also have the skills needed to sell a restaurant anywhere in the nation. Your success is our success!
Please feel free to contact us to learn more about this exciting and profitable opportunity.