Check the accountant's books. Transmit seven years in order to determine what kind of sales can be expected.4. Ask questions about the restaurant's reputation.
Instructions
1. Decide what type restaurant you want to invest in--turn-key, franchise or independent.
2. Find the real reason the restaurant owners want to sell.
3.Restaurants are on every street corner. Some are "mom and pops" while others are franchised and much others are independent corporations. Your personality Testament be the blessing plan to select the type of restaraunt you hope for to begin. Accomplish confident you hog the lifetime to commit to your advanced matter, as it will occupy much of your days and nights for the first several years.
Also check out the area and find out if there is a lot of competition in the neighborhood.
5. Examine the premises of the restaurant. Stare at all repair and remodeling bills.
6. Discuss the purchase with friends and family and always consult a financial adviser for objectivity about the possibility of your restaurant purchase.
7. Communicate your concerns of the purchase, bid on the price asked and if accepted make the commitment to buy.
