Your location is one of the key points in selling your business. The reason why this is one of the most important criteria for buyers looking for restaurants for sale in Vancouver is because foot traffic, visibility and neighbourhood all dictate the success of a business. And especially with covid-19, grab-n-go and takeout are key to the location you choose.
The lease rate and term are the two important factors while considering a lease. Buyers are interested in knowing if your location has market rate or less, and an attractive term (in Vancouver five years plus five years is standard for retail). Having a good longstanding relationship with your landlord is also key.
LICENCE & CAPACITY
Owning a restaurant business in Vancouver with a liquor licence is always valuable. Buyers see it as additional value when a liquor licence is associated with a location. Also, many food concepts involve a beer, liquor and wine program that generates profitable income. Another key factor in having a liquor licence is the capacity. Often restaurateurs calculate their projected sales based off of capacity, seating available in a location. How many customers can we serve in a night?
Our goal is to give our clients the best result and the most profitable transaction. From selling restaurants and cafes to buying night clubs and pubs for sale, our full service firm offers all the essential resources to your advantage. We don’t simply list your business online as a restaurant for sale in Vancouver, BC or post a sign in front of your pub; we market your commercial property in a manner that can only be done by a true Restaurant Business Broker.
If you’ve been thinking of selling your restaurant, we offer a free restaurant valuation or simply contact us at 604-783-5593 to talk to us about the next steps.