Hamburger Fast Food Restaurant Buyer seeking profitable restaurants located in Plano, Frisco, McKinney and North Dallas. Will consider any good location in the DFW metroplex.
Below are the characteristics of a target business for this Hamburger Fast Food Restaurant Buyer:
quick casual service or counter service
annual sales of $200,000 to $1,000,000
prefer profitable
seats 20-60
looking for business with training
looking for DFW area, specifically North Dallas, but will consider others
prefer independent but will consider franchise opportunities
This entrepreneur states that they are able to move quickly on the right transaction. They state that they bring the following resources to the table:
liquid funds $170,000+
Ability to borrow SBA 7a loan
will keep management
willing to owner-operate
For information, contact us and reference Hamburger Fast Food Restaurant Buyer MB6104
Not the Hamburger Fast Food Restaurant Buyer you’re looking for? Search other buyers at SEARCH OUR BUYERS, email or call us to discuss your opportunity. It may fit an active buyer’s search criteria.
KEY WORDS: French fries fried hamburgers pizza McDonalds® Burger King® Wendys® Panda King® Subway® Pizza Hut® Dunkin’ Donuts® Dairy Queen® Chick-Fil-A® Taco Bell® KFC® Sonic® Domino’s® Panera Bread® Hardee’s® Sell my Fast Food Restaurant For Sale
Fast Food relates to, or specializes in food that can be prepared and served quickly. Fast food is designed for ready availability, use, or consumption. Fast food is the most familiar restaurant to most people. Chains like McDonalds and Burger King became popular in the 1950s, and helped spawn countless other concepts like Taco Bell, KFC and In&Out Burger. Fast food service attracted customers for its speed and convenience. Fast food restaurants are typically chains. If you are thinking of opening a fast food franchise, keep in mind that the initial costs of franchising are more expensive than opening an independent restaurant
Experienced Cafe Sandwich Shop Buyer, seeking profitable restaurant located in Dallas, Plano, Frisco, Lewisville and Carrollton. Will consider any good location in DFW area. Buyer is more focused on healthy food.
Below are the characteristics of a target business for this Cafe Sandwich Shop Buyer:
full service, quick casual service or counter service
annual sales of $300,000 to $2,000,000
prefer profitable
seats 10-150
patio or outdoor seating is a positive
looking for Frisco, Plano, Dallas, Lewisville and Carrollton but will consider others
prefer independent but will consider franchise opportunities
This entrepreneur states that they are able to move quickly on the right transaction. They state that they bring the following resources to the table:
Not the Cafe Sandwich Shop Buyer you’re looking for? Search other buyers at SEARCH OUR BUYERS, email or call us to discuss your opportunity. It may fit an active buyer’s search criteria.
KEY WORDS: jasons mcalister nutrition sandwich soup delicatessen bagel catering sub whichwich grub Sell my Deli Restaurant, Deli Restaurant For Sale
Cafe or Deli is a restaurant that does not offer table service. Customers order their food from a counter and serve themselves. A café menu traditionally offers things such as coffee, espresso, pastries and sandwiches. Cafes originated in Europe and are strongly associated with France. They are known for their casual, unhurried atmosphere. Outdoor seating is another trademark of a cafe. Panera Bread is an example of a popular bakery-cafe chain. The term bistro is sometimes interchanged with cafe. A bistro is actually a cafe that offers full meals (albeit, cheaper than a full fledged sit down restaurant).
Buyer seeking Asian Restaurant, Chinese, Japanese, egg roll or fusion, preferably profitable. Will consider any good location in DFW, but prefers Grapevine, Southlake and HEB area. Looking for independent, but will consider Franchise opportunities.
Below are the characteristics of a target business for this Buyer seeking Asian Restaurant:
quick casual service or counter service
takeout, delivery or eat-in
annual sales of $300,000 to $1,000,000
prefer profitable
seats 10-40
drive through is a positive
looking for cities listed above but will consider others
will consider independent, franchise and conversion opportunities
This entrepreneur states that they are able to move quickly on the right transaction. They state that they bring the following resources to the table:
business owner seeking Asian Restaurant
Open to all Asian concepts
liquid funds $1,000,000+, net worth $1,000,000++
Ability to borrow SBA 7a loan
ability to supply experienced management
For information, contact us and reference Buyer seeking Asian Restaurant MB6102
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KEYWORDS: Asian, Chinese Japanese noodles pho Vietnamese Korean sushi egg roll wonton rice wok thai Manchu wok ® Mongolian grill pei wei ® Panda express ®, takeout, delivery Sell my Asian Restaurant Asian Restaurant For Sale
Fast Food relates to, or specializes in food that can be prepared and served quickly. Fast food is designed for ready availability, use, or consumption and offers take-out, delivery or eat-in
Franchise. A franchise restaurant offers many benefits over independent restaurants, such as instant name recognition and a turn-key operation. However, buying a franchise can be costly and there are many rules and regulations that come along with operating a franchise.
A franchise restaurant is a brand which an investor, or franchisee, has bought the right to use. The franchisee is responsible for the day-to-day running and management of the restaurant. In return, the company granting the license, or franchisor, offers support, marketing and a proven restaurant concept. Franchises have very distinct differences from non-franchises
Italian Restaurant Buyer seeking established, profitable restaurants located in DFW, East Dallas, Dallas County and Garland. Will consider any good location in DFW
Below are the characteristics of a target business for this Italian Restaurant Buyer:
fine dining or quick casual service
annual sales of $300,000 to $2,000,000
prefer established, profitable
seats 20-100
looking for business with training
looking for DFW area, specifically East Dallas and Garland, but will consider others
prefer independent but will consider franchise opportunities
This entrepreneur states that they are able to move quickly on the right transaction. They state that they bring the following resources to the table:
Italian Restaurant Buyer
liquid funds $123,000+
Ability to borrow SBA 7a loan
will keep management
willing to owner-operate
For information, contact us and reference Italian Restaurant Buyer MB6101
Not the Italian Restaurant Buyer you’re looking for? Search other buyers at SEARCH OUR BUYERS, email or call us to discuss your opportunity. It may fit an active buyer’s search criteria.
KEY WORDS: pizza pasta spaghetti service casual quick service delivery franchise catering, BYOB, Italian dining, takeout firewood wood-burning Neapolitan Sell my pizza Restaurant For Sale
FINE DINING KEYWORDS: white tablecloth wine four course appetizer entree chef sommelier exquisite steakhouse tuxedos superior Michelin stars rating reservation seafood yelp Sell my Fine Dining Restaurant For Sale
Italian cuisine (Italian: cucina italiana has developed through centuries of social and political changes, with roots stretching to antiquity. Significant changes occurred with the discovery of the New World and the introduction of potatoes, tomatoes, bell peppers and maize, now central to the cuisine but not introduced in quantity until the 18th century. Italian cuisine is noted for its regional diversity, abundance of difference in taste, and it is probably the most popular in the world with influences abroad. Italian cuisine is characterized by its simplicity, with many dishes having only four to eight ingredients. Italian cooks rely chiefly on the quality of the ingredients rather than on elaborate preparation. Ingredients and dishes vary by region. Many dishes that were once regional, however, have proliferated with variations throughout the country. Cheese and wine are a major part of the cuisine, with many variations and Denominazione di origine controllata (DOC) (regulated appellation) laws. Coffee, specifically espresso, has become important in Italian cuisine.
Why Banks Ask for a Personal Guarantee Before a Loan
By Sherri Goodman|October 4, 2016
It’s a common scenario: You have a thriving business, and it’s doing so well that you believe it’s time to expand. That expansion requires more money, and, of course, increases your risk of failure. But you have studied your options, talked with advisors, and everyone agrees it’s a smart and potentially lucrative move.
Your bank has been there with you from the start. They know you, your integrity, and the way you run your business. So when your bank requests a personal guarantee to borrow money for your business, it can be upsetting. Why do they need a personal guarantee on this loan? Is it a reflection of the bank’s assessment of my business or my plans? Does it mean the bank doesn’t think my business is worth the risk?
The quick answer to all of those questions is no. It’s common for banks to request a personal guarantee before making small business loans. It’s reassurance that you, the business owner, are willing to assume more risk to assure your business’ success.
It’s Not Personal
Personal guarantees on loans to small businesses (i.e., businesses with valuation of up to $25 million), while typically required, became the norm as states enacted legislation introducing new corporate structure options such as the limited liability company or LLC. Unlike a sole proprietorship or general partnership structure, the LLC shields owners and investors from personal financial responsibility for the business’ debt.
The advent and popularity of the LLC among small business owners prompted bankers to definitely require personal guarantees from owners.
“It’s understandable that you want to limit your liability, but we have to ensure the owner stays very involved and engaged. He or she is the key figure, and the most valuable asset of the business, and as the bank, we want to keep the owner motivated and involved,” says BBVA Compass Director of Credit Risk – Small Business David Peacock.
At most small businesses, the owner is the CEO, the face, and the visionary of the business. The owner knows the customers and vendors, the employees and community, and the opportunities and risks.
If a small business defaults on a bank loan, it’s difficult to find another CEO with the needed specific skill set that the bank can hire to keep the business going, says Tommy Crawford, Director of Business Loan Underwriting at BBVA Compass.
“The CEO is absolutely the key to the success of the business, and a personal guarantee increases my confidence in the CEO and in the company,” Crawford says.
SBA Loans Require Guarantees
Personal guarantees are required by some government-backed loans. For all SBA loans, personal guaranties are required from every owner of 20 percent or more of the business, as well as from other individuals who hold key management positions.
BBVA Compass typically requires an unlimited personal guarantee from an owner or CEO, which provides additional protection to the bank for collecting existing and future debts, says Credit Manager David Battles. In some cases, where ownership is dispersed among a number of different owners — such as a large law firm or medical group, for instance — the bank will consider and sometimes accept a limited guarantee shared by all business partners, says Battles.
“In most cases, customers understand why the bank requires a guarantee,” says Battles. “They understand it’s simply a part of doing business.”
This article was written by Sherri Goodman. Birmingham-based Sherri Goodman was a print journalist for 15 years, writing and editing for daily newspapers in Alabama, New Mexico, Georgia, and Utah, and The Associated Press in Texas and Georgia. She also has worked in media relations and communications for companies in the banking, energy, and automotive sectors.
For more information, Contact Megabite Restaurant Brokers, LLC
Phone: (817) 467-2161 www.megabite-rb.com
How can Megabite Restaurant Brokers sell your restaurant, bar or nightclub business? You can discreetly and confidentially contact a broker at Contact Us, read other testimonials at Client Testimonials, search buyers at SEARCH OUR BUYERS or research more info here if you just want to understand how to SELL A BUSINESS.
Experienced Restaurant Owner Operator seeking multi unit Franchise locations in North Texas. Prefers DFW area, but will consider any good location. Open to any concept, prefers profitable casual, fast casual restaurants.
Below are the characteristics of a target business for this Experienced Restaurant Owner Operator seeking location in Dallas:
prefers profitable, established
open to any concept
quick casual service or counter service
Liquor license a plus
prefer open seating area
annual sales of $300,000 to $2,000,000
seats 10-60
Open to multi unit or single Franchise business
This Entrepreneur states that they are able to move quickly on the right transaction. They state that they bring the following resources to the table:
15+ years operation experience
liquid funds $425,000 with net worth of $1,745,000+
Ability to borrow SBA 7a loan
Willing to keep management or can supply experienced management
For information, contact us and reference Experienced Restaurant Owner Operator seeking location in North Texas MB6100
Not the Experienced Restaurant Owner Operator seeking location in Dallas you’re looking for? Search other buyers at SEARCH OUR BUYERS, email or call us to discuss your opportunity. It may fit an active buyer’s search criteria.
KEYWORDS: homecooking homestyle southern comfort food large portions country fried steak chicken scratch dumpling diner pot roast sharing all-you-can-eat catering friendly Perkins Dennys Huddle House Bob Evans Cracker Barrell Sell my Family style Restaurant For Sale
Casual Style Diningis also known as family style dining in the United States. Casual style restaurants offer moderately priced entrees. This is one of the largest markets in the US right now. Causal style dining can be any number of themes, from Italian (Olive Garden) to seafood (Red Lobster) to Mexican (Chilis). Casual style restaurants offer table side service, non-disposable dishes, while still keeping the menu moderately priced.
FAST FOOD KEY WORDS: French fries fried hamburgers pizza McDonalds Burger King Wendys Panda King Subway Pizza Hut Dunkin’ Donuts Dairy Queen Chick-Fil-A Taco Bell KFC Sonic Domino’s Panera Bread Hardee’s Casual Dining Sell my Fast Food Restaurant For Sale
Not the Experienced Office Deli Buyer you’re looking for? Search other buyers at SEARCH OUR BUYERS, email or call us to discuss your opportunity. It may fit an active buyer’s search criteria.
KEY WORDS: jasons mcalister nutrition sandwich soup delicatessen bagel catering sub whichwich grub office deli Sell my Deli Restaurant, Deli Restaurant For Sale
Cafe or Deli is a restaurant that does not offer table service. Customers order their food from a counter and serve themselves. A café menu traditionally offers things such as coffee, espresso, pastries and sandwiches. Cafes originated in Europe and are strongly associated with France. They are known for their casual, unhurried atmosphere. Outdoor seating is another trademark of a cafe. Panera Bread is an example of a popular bakery-cafe chain. The term bistro is sometimes interchanged with cafe. A bistro is actually a cafe that offers full meals (albeit, cheaper than a full fledged sit down restaurant).
An SBA loan can help you accomplish your goal and may result in more favorable terms, such as a longer loan life and lower equity requirements. But because it is backed by the federal government, applicants need to be ready to play by the rules so that the process goes smoothly.
Daniel Walsh, Vice President and Senior Corporate Relationship Manager with BBVA Compass, offers these do’s and don’ts when it comes to applying for an SBA loan:
Do
Seek out an SBA preferred lender. The designation means the Small Business Administration has a comfort level with the lender and that matters, Walsh says. “It allows the lender to make a final credit decision without sending the request to the SBA for a decision. SBA preferred lenders have an earned level of confidence.”
“Have your documentation in order,” says Walsh. “There can’t be anything missing.” You should be ready to hand your loan officer three years of business financial statements and tax returns, a personal financial statement, a statement of personal history, your business plan, and articles of incorporation, if applicable.
Get your financial house in order. Make sure your financial statements include a profit and loss statement, projected financial statements, ownership and affiliations, business certificate/license, loan application history, business and personal income tax returns, your business lease, and résumés for all the principals.
Proactively explain unusual events and growth projections. Did your business suffer a dip in sales one year? Spell out why and how it happened. Does your forecast include a dramatic jump of revenue? “Explain the reasoning behind your projections and your confidence level, says Walsh. “Don’t expect your banker to be able to fill in the blanks.”
Don’t
Rule out the SBA loan option. “Talk to a banker, check into it. A lot of times companies don’t realize they can qualify for it,” he says. Also some businesses may question whether the documentation requirements are worth the extra steps, even if they can qualify for a traditional loan. “If your business has been renting and you are thinking of buying, you could amortize that loan for 20 years with traditional financing. With an SBA loan, you could amortize it over 25 years, which helps improve month to month cash flow,” he says.
Balk at the request for a personal guarantee. “It’s 100 percent required,” says Walsh. “It’s reassurance that you, the business owner, are willing to assume more risk to assure your business’ success.”
Let the documentation requirements discourage you. “It’s a wonderful product that we can offer that provides much more flexibility and much less reporting requirements long term,” says Walsh. “While it may appear stringent up front, it is often well worth your while.”
This article was written by Sherri Goodman. Birmingham-based Sherri Goodman was a print journalist for 15 years, writing and editing for daily newspapers in Alabama, New Mexico, Georgia, and Utah, and The Associated Press in Texas and Georgia. She also has worked in media relations and communications for companies in the banking, energy, and automotive sectors.
For more information, Contact Megabite Restaurant Brokers, LLC
Phone: (817) 467-2161 www.megabite-rb.com
How can Megabite Restaurant Brokers sell your restaurant, bar or nightclub business? You can discreetly and confidentially contact a broker at Contact Us, read other testimonials at Client Testimonials, search buyers at SEARCH OUR BUYERS or research more info here if you just want to understand how to SELL A BUSINESS.
Multi Unit Franchise Buyer seeks opportunities in Dallas, Dallas County, DFW.
Experienced owner operator seeks to add restaurants. Will consider any concept with ability to scale. Prefers Dallas but will consider other metropolitan areas of Texas.
Below are the characteristics of a target business for this Multi Unit Franchise Buyer:
Annual unit revenue of $500,000 to $4,000,000
Minimum cash flow of $500,000 (combined for all units)
EBITDA margin of 10%+
Demonstrated growth
Owners and senior management are looking to step away from day-to-day operational control
Prefer operating management to stay
This entrepreneur states that they are able to move quickly on the right transaction. They bring the following resources to the table:
Experienced Texas Restaurant Buyer
Proven track record
Capital for immediate owner liquidity
Cash for immediate purchase, $1,000,000+
Leadership and strong experiences in sales, operations, and scaling
For information, contact us and reference Multi Unit Franchise Buyer MB6100
Not the Multi Unit Franchise Buyer you’re looking for? Search other buyers at SEARCH OUR BUYERS, email or call us to discuss your opportunity. It may fit an active buyer’s search criteria.
KEY WORDS: full service casual quick service multi unit deli franchise catering, Sushi, Italian, barbecue, pasta, alcohol, liquor, entertainment, fine dining, Mexican, seafood, Tex-Mex BBQ , Sell my Restaurant, Restaurant For Sale
FRANCHISE KEYWORDS: McDonalds® Burger King® Wendys® Subway® Pizza Hut® Dunkin’ Donuts® Dairy Queen® Chick-Fil-A® Taco Bell® KFC® Sonic® Domino’s® Panera Bread ® Hardee’s® Cinnabon® Wingstop® Cici’s Pizza® Denny’s® Carl Jr’s® Baskin Robbins® Smoothie King® Arby’s® Jimmy John’s® Firehouse Subs® McAlister’s Deli® Sell my Franchise Restaurant For Sale
Not the Pizza Franchise Buyer you’re looking for? Search other buyers at SEARCH OUR BUYERS, email or call us to discuss your opportunity. It may fit an active buyer’s search criteria.
KEY WORDS: pizza pasta spaghetti service casual quick service delivery franchise catering, BYOB, Italian dining, takeout firewood wood-burning Neapolitan Sell my Pizza Franchise For Sale
PIZZA FRANCHISE KEY WORDS: Mr Jim’s, Domino’s, Little Caesars, Papa Murphy’s, Pizza Hut, Marco’s, CiCi’s Pizza, RedBrick Sell my pizza Restaurant For Sale
Pizza cuisineis a flatbread generally topped with tomato sauce and cheese and baked in an oven. It is commonly topped with a selection of meats, vegetables and condiments. The term was first recorded in the 10th century, in a Latin manuscript from Gaeta in Central Italy. The modern pizza was invented in Naples, Italy, and the dish and its variants have since become popular in many areas of the world. In 2009, upon Italy’s request, Neapolitan pizza was safeguarded in the European Union as a Traditional Specialty Guaranteed dish. The Associazione Verace Pizza Napoletana (the True Neapolitan Pizza Association) is a non-profit organization founded in 1984 with headquarters in Naples. It promotes and protects the “true Neapolitan pizza”. Pizza is sold fresh or frozen, either whole or in portions, and is a common fast food item in Europe and North America. Various types of ovens are used to cook them and many varieties exist. Several similar dishes are prepared from ingredients commonly used in pizza preparation, such as calzone and stromboli.
