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Jimmy Carey Blog Investing in Commercial Real Estate for Your Restaurant Business Choosing the right location is a critical aspect of running a successful restaurant. Amidst the various considerations, the debate between leasing and owning real estate for your establishment often takes center stage. In this blog post, we’ll explore the advantages of purchasing real estate for your restaurant, exploring not only the immediate benefits but also […]
Jimmy Carey Blog Sell Your Underperforming Restaurant: Timing is Everything   In the challenging world of the restaurant industry, determining the right time to sell an underperforming business is crucial. As a restaurant owner, you must balance financial realities with personal well-being and market trends. Here’s an extensive, yet concise guide to help you make this critical decision. Financial Indicators The Harbingers of Change Financial […]
Jimmy Carey Blog The First One, The Difficult One: Opening Your First Restaurant I get a lot of my clients that ask me: Why is it that the First Restaurant/Business is the hardest to open?  In this blog I will talk about the perception and reality of the obstacles and hurdles new Restaurant/Business owners have to surpass.  I will also talk about my own personal experience opening my […]
Jimmy Carey Blog Getting Your Restaurant Ready for Market:Ready, Set, Sell!   Organize Financial Records: Monthly and Yearly Statements Provide comprehensive P&L statements for at least the past three years, broken down on a monthly and yearly basis. This offers potential buyers a clear understanding of the restaurant’s financial performance over time. Detailed Revenue Breakdown Include a detailed breakdown of revenue sources, such as food sales, […]
Jimmy Carey Blog UCC Filing: Streamlining the Restaurant Sale What is a UCC Filing? A Uniform Commercial Code (UCC) filing is a legal form that a creditor files to give notice that it has or may have an interest in the personal property of a debtor (an entity that owes a debt to the creditor). This form is part of a national uniform law […]
Jimmy Carey Blog Restaurants in 2024: Embracing AI and Technology in the F & B Business The year 2024 stands as a watershed moment for the restaurant industry, presenting unprecedented opportunities for growth and innovation. As we examine the dynamics of this transformative period, it’s crucial to understand how leveraging technology, particularly Artificial Intelligence (AI), can catalyze this expansion.  It’s clear that the integration of technology and AI is not just […]
Jimmy Carey Blog Tenant Representation Success: 7 Essentials for Landlord Approval Experience and Track Record: Landlords seek tenants with a proven track record in the restaurant industry, emphasizing successful management and profitability. Demonstrating expertise instills confidence in the landlord, assuring them of the potential success of the restaurant. A tenant’s operational expertise, gained from successful restaurant management, is a valuable asset for the property. It indicates […]
Jimmy Carey Blog Confidential Cuisine The Vital Role of Non-Disclosure Agreements (NDAs) in Restaurant Sales In the competitive and vibrant restaurant industry, buying and selling establishments is a common occurrence. However, within this process lies a critical need to protect sensitive information. The utilization of Non-Disclosure Agreements (NDAs) plays an instrumental role in ensuring the confidentiality of proprietary data, thereby […]
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Jimmy Carey Blog Unlocking the True Value; How to Effectively Valuate a Restaurant for Sale in Atlanta If you’re considering selling your restaurant in Atlanta, understanding how to value your establishment is crucial. It’s not just about getting a fair price; it’s about ensuring that you maximize the return on your investment. In this comprehensive guide, we’ll walk you through the key steps in valuing your restaurant for sale, with a special […]
Jimmy Carey Blog Pros and Cons of buying Used vs New kitchen equipment for a restaurant Buying Used Kitchen Equipment: Pros: Cost Savings: Affordability: Used kitchen equipment is generally more budget-friendly than brand new counterparts. This can be a significant advantage, especially for small businesses or startups with limited capital. Immediate Availability: Faster Setup: Used equipment is readily available on the market. This means you can acquire what you need quickly […]
Jimmy Carey Blog Difference between second generation restaurant for sale held by Landlord and Paying for key money   Determining whether a second-generation restaurant location held by a landlord or one involving key money is better depends on various factors, including your specific circumstances, financial resources, and business goals. Let’s examine the advantages and considerations of each: Second Generation Held by Landlord: Advantages: Direct Control: You have more control over the lease terms […]

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