Share This Info:  

Interview: Joe Ranieri, Restaurant Broker Specialist - Buying Restaurants



Joe Ranieri, long time Orange County Business Broker and restaurant specialist chats with Peter Siegel on the BizBen Podcast & Vlog about the nuances of buying and selling restaurants in the Orange County, California area. 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
Bob Baumgarten, Business Broker: Orange, LA Counties

National Business Brokerage is a full service brokerage company that has been serving buyers and sellers of Southern California businesses since 1994. We are dedicated to providing the highest standards of professional service for our clients. Phone Bob direct at 949-588-8727.

Michael Davidson, Business Broker - Southern California

Los Angeles Business Broker providing M&A quality services for Small Business Owners. We leverage our technology and expertise to Simplify & Expedite the Business Sales Process. Matching the right buyer with the right business is how we define success.

Manjit Singh: SF Bay Area - Business Intermediary

Assistance in the San Francisco Bay Area. Contact me about buying or selling a restaurant, liquor store, gas stations, markets, and c-store businesses. If you are looking to buy or sell a SF Bay Area liquor store, market, c-store, restaurant, etc phone me direct at 510-417-9429.

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).

Bob Hughes: Business Broker, Palm Springs Area

Bob Hughes is a business broker & is President of Hughes Properties. Hughes has a wide variety of entrepreneurial experience with the personal ownership & sale of numerous businesses, and has sold over 200 small & mid-sized businesses in the Riverside County marketplace. Call Bob at 760-323-8311.

Peter Siegel, MBA - SBA Loans, Non SBA Financing Assistance

For over 25 years I have provided niche business purchase financial advisory and loan placement services with SBA and Non-SBA Loans, Retirement Plan Conversions, Private Investors, etc. Financing amounts available: $20K to $7MM. Call today to get pre-qualified or receive financing: 866-270-6278.

Jeff Back, Broker: Restaurant Specialist - SF Bay Area

J. Back & Associates Restaurant Real Estate was founded in 1988 as the first bay area real estate company to specialize exclusively in restaurant real estate. I am the past President of Charley Browns restaurants and have been involved in the restaurant business for over 35 years. 925-736-8200.

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.


  Related Articles, Events, Blog Posts, Discussions, Videos, Interviews
What Are Some Possible Reasons Why My Broker Didn't Sell My Small Business?

What are some reasons a business that was previously on the market with another broker didn't sell? Every broker or agent understands that not every business they list will result in a sale. Joe Ranieri (Orange County Business Broker) and others explain why some brokers fail at selling a listing.

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!

Restaurant And Fast Food Franchises - Successful Tips From Franchise Buyers

Restaurant franchise offerings are among the most popular of the business types potential business buyers seek. What many would-be owners don't realize is that there are specific tips for buying fast food or restaurant franchises that don't necessarily apply to independent restaurants for sale.

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

Is Your First Offer Received Usually The Best Offer When Selling A Business?

Should you accept that first offer when selling a business? Brokers and agents agree that the first 30 days are probably the most critical when selling a small business - but should you take that first offer? Joe Ranieri (Orange and LA County Business Broker) starts this great Discussion on BizBen.

How Long Should Business Brokers Hold On To Their Client And Deal Files?

As the year winds down, it's tempting for business brokers to go through their old files and throw them out to make room for new client’s folders, but that would be foolish. Joe Ranieri (Orange County Business broker) discusses strategies for saving files - a key annual strategy for brokers/agents.

Buying A Pizza Restaurant, Pizzeria Tips: What Pizzeria Buyers Need To Know

Peter Siegel, MBA discusses buying pizza restaurant for sale tips and what to watch out for. Topics: Owner involvement in the business as pizzerias are most successful when the owner is onsite.

Financing The Purchase Of A Frozen Self-Serv Yogurt Shop - Tips For Buyers

Financing a frozen self-serv yogurt shop for can be challenging. Here, you'll learn the real scoop behind financing a yogurt shop purchase to help it be profitable from the start. Peter Siegel at BizBen.com

See All News, Tips And Events

Joe Ranieri Orange County Business Broker
Tim Cunha Business Brokerage
Business Purchase Financing SBA Loans
Michael Brewer, ABC License Consultant
Facebook
Twitter
Linkedin
Google Plus You Tube
Vlogs and Podcasts
New Postings Reports On BizBen Sign Up
California Educational Events Buying And Selling Businesses
BizBen ProSell Program
Business For Sale California Stats
BizBen Blogs And Articles

BizBen - Where California Deals Get Done! 888-212-4747
7172 Regional Street #364 · Dublin, CA. 94568
BizBen · Copyright © 1994 - 2018, All Rights Reserved

               Vlogs and Podcasts  
Join Us On Social Media - Content Updated Daily
Sign Up Today - For Our FREE BizBen Weekly Email Newsletter
Includes The Best Info On Buying, Selling, Valuing, Financing California Businesses:
Articles, Blog Posts, Podcasts, Videos/Vlogs, Discussions, Q&A, Workshops, Webinars,
Resources. Watch For An Email Confirmation After Signing Up Above. Thank you.
Clost Login


Please confirm your registration by clicking the link we've sent to .

If you can't see it, please check your junk mail folder.

If you have any problems registering, or need assistance with your new BizBen User Account please phone BizBen Customer Support at 888-212-4747.



First Name:*
Last Name:*
Email Address:*
Confirm Email:*
Create Password:*
Confirm Password:*
Phone:
(   
 


You Are A:
Individual
 
Intermediary
 

Email Address:
Password:
 
Search BizBen.com

500 New & Refreshed Detailed Postings Daily
Over 2500 Resources Available On BizBen
Since 1994. Where California Deals Get Done!
Qualities You Should Look For In A Escrow, Bulk Sale Service When Sellin...
Read More News
Sellers Ask: How Long Should I Wait For The Buyer To Do Their Due Dilige...
Read More News