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Interview: Joe Ranieri, Restaurant Broker Specialist - Buying Restaurants



Joe Ranieri, long time Orange County Business Broker and restaurant specialist chats with Peter Siegel on a BizBen Podcast about the nuances of buying and selling restaurants in Southern California. Joe gives listeners some great perspective on how to buy a restaurant successfully.

We discuss and answer these questions in this informative and fun Podcast:

How long have you been a business broker?

What was your experience in dealing with business brokers when you were a business owner?

How has standards and practices of business brokerage changed over the years?

What made you think that you could be a business broker after you had once been a business owner?

How did you originally find new business when you started out?

What advice would you give to someone starting out in the business brokerage business?

How has selling a business changed over the last 10 years?

What percentage of franchise stores, corporate stores vs independents in there in the Orange County area?

What is the average sales price for a restaurant in Orange County?

How has the average sales price changed, since the financial crisis of 2008?

What type of restaurant typically sales in Orange County? Mexican, sushi, Korean, Deli, etc.?

Have you seen any trends over the last few years? People converting restaurants to a specific type of cuisine, because of popularity?

What is the average amount of time it takes to sell a restaurant in Orange County?

What is the typically ratio of list vs sells?

I’ve heard landlords in Orange County can be tough to work with, has that been your experience?

Is it easier working with a big management company or small independent landlord?

What are the typical lease terms in the Orange County area?

Typical rents?

What questions do you ask a prospective seller of a restaurant when first meeting with them?

After all these years, can you get a good idea of which restaurant businesses will sell and which ones won’t when you initially meet with a seller?

Can you briefly describe the due diligence process when selling or buying a restaurant?

What percentage of the time do you represent both buyer and seller, duel agency?

What do you do, especially during the negotiating period and due diligence to remain impartial to both parties?

Have you seen an up tic in buyers being more litigious after a business transaction closes? What steps do you take to protect the buyer/seller/yourself during the transaction from liability?

What’s the typically amount of money you want to from a buyer to open an escrow?

What percentage of your business sales involve working with ABC?

When a buyer wants to do a conversion of one food type to another, what steps do you advise them to take when dealing with a landlord? (Business plan, mock menu, etc.)

What percentage of business escrows do find never end up closing, and why?

How important is curb appeal when selling a restaurant and what steps can a seller take to improve their chances of the business selling?

How often does the buyer in Orange County purchase the land as well as the business?

If you have more questions for Joe after listening to this educational and fun interview please phone him direct at 714-292-5448.



  Helpful Resources To Assist In Selling And Buying California Businesses
Cheryl Maloney: Restaurant Broker Specialist - San Francisco

Cheryl is a business owner herself, Over 20 years bar/restaurant experience, and a law degree she's well-versed in real estate rules, regulations and best practices. She works tirelessly to create successful strategies and effective negotiations for those wishing to sell or purchase their business.

Joe Ranieri, Business Broker, Orange & LA County Areas

Having owned retail/restaurant businesses for over 20 years, my interest turned to listing and selling businesses rather than owning them. I specialize tend to specialize in Orange County high volume restaurants, fast food independents and chains, bars and liquor stores. Call 714-292-5448.

Rick Carlson, Business Broker - Southern California

You Will Never Feel Lost In The Shuffle. Many Brokers Simply Send Out An NDA And That's The End Of Communication. All Buyers Receive A Personal Meeting With An Ace Acquisition Specialist So They Can Recommend The Perfect Business For You. Phone Rick direct at 800-985-4939.

Mani Singh, Business Broker, Riverside, San Bernardino Counties

I have successfully represented clients sell & acquire multitude of businesses ranging from Gas Stations, Liquor Stores, Markets, Super Markets, Smoke Shops, Postal Stores, Restaurants, General Retail, Auto and Construction related. Phone me for assistance with selling or buying at 951-296-7646 Cell

Harry Sidhu, CBB, Broker: SF Bay Area, Central Valley, SAC Region

Assisting both sellers and buyers of businesses - dealing mainly with Liquor Stores, Grocery Markets, Gas Stations, Smoke Shops, Restaurant Related, Retail Related, Service Related. Serving SF Bay Area, North Bay, Sacramento area. Call Harry Sidhu, CBB for assistance at 510-366-6130.

Ken Oppeltz, Business Broker, San Diego County

We have been San Diegos premier business broker and merger and acquisition specialist since 1989. Staffed with some of the best-qualified and most experienced business brokers in the industry, our professionals have all earned or are candidates for the Certified Business Intermediary (CBI).

Ryan Clark, Business Broker, Southern California

The Veld Group provides a refreshing approach to Business Brokerage, Mergers & Acquisitions and Business Consulting and Valuations. From Your Street to Wall Street, we cater to Main Street Businesses as well as more complex Strategic Firms and Start-Ups. Phone Ryan at 310-652-8353.

Prabhjot Randhawa, Broker: SF Bay Area, Northern Central Valley

I'm a Business Advisor at Liberty Business Advisors of San Fransisco. I have over 20 years of experience in all phases of entrepreneurship. During the past 15 years my concentration has been in business of mergers and consulting. I have owned and operated over 10 businesses.


  Related Articles, Events, Blog Posts, Discussions, Videos, Interviews
What Are The Pros and Cons Of Buying A Restaurant In An Industrial Park?

Are restaurants (deli's, sandwich shops, snack shops, food services) in Industrial Parks good investments for business buyers? Joe Ranieri (Orange County Restaurant Broker) at 714-292-5448 takes a looks at the Pros and Cons of buying a restaurant in an industrial park on this BizBen Discussion post.

Why Restaurant Buyers Typically Fail: Best Pro Tips For Buying A Restaurant

Buying a restaurant (no matter what type) can have many pitfalls, and potential restaurant buyers should know how to avoid getting burned! Several restaurant intermediaries and advisors weigh in on this BizBen Discussion about the best way to find, purchase and run a restaurant successfully!

Qualities You Should Look For In A Escrow, Bulk Sale Service When Selling

What qualities should you look for in a escrow and bulk sale service when buying/selling a business? Orange County Business Broker Joe Ranieri at 714-292-5448 addresses these issues in a Discussion on BizBen. See what qualities matter when selecting a Escrow/Bulk Sales firm when buying or selling.

What Are Some Tips In Ensuring A Smooth Transition When Buying A Business?

Changing hands of ownership can seem both exciting & daunting to all parties involved, but it's important that a smooth transition occurs to maintain or achieve success of the business. Joe Ranieri (Orange And LA County Business Broker - Restaurant Specialist) shares some tips with business buyers.

Liquor License Assistance - SF Bay Area - Jim Saxton

Jim Saxton - 20 years experience of local governmental requirements, such as Police Departments, Zoning / Planning Departments, ABC District Offices, my company Liquor Licenses of SF Bay Area is very qualified to resolve all of your concerns during the liquor license transfer process. 925-787-0770.

What Are Some Tips For Buying A Billiards, Pool Hall Small Business?

Pool Halls/Billiards in America, currently is seeing a resurgence, mainly due to pool hall owners catering to a millennial crowd who is growing up with playing pool and other games on their phones and later mingling with others and playing the sport for real. Read about the best tips for buying one

Should Sellers And Buyers Start The Training Before Or After Close Of Escrow

When should the training of the new buyer of the business actually begin? Before escrow, during escrow, or only after the keys of the business are handed over to the new owner of the business. Joe Ranieri (Orange County Business Broker - Restaurant Specialist at 714-292-5448) starts this Discussion.

Buying A Restaurant Can Be Challenging: 3 Key Tips For Restaurant Buyers

People always need to eat; there should be plenty of business. Some buyers think there is prestige to owning a popular eating establishment. But it isn't an easy purchase. Peter Siegel, MBA (Business Purchase Financing Expert, ProBuy & ProSell Program at 925-785-3118) reviews this topic.

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Joe Ranieri Orange County Business Broker
Tim Cunha Business Brokerage
Restaurant For Sale Mono County
Prabhjot Randhawa Business Broker SF Bay Area
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