Home – New Forums Tell me straight… Would you buy a restaurant based on this? Advice needed. Reply To: Would you buy a restaurant based on this? Advice needed.

#1211885
Mischelle
Member
  • Total posts: 805
Up
0
::

Hi,

The first step I would take is contact the broker listed and inquire about the financials, do not trust the advert in any way.

Your accountant will need to do due diligence on the financials.

Once you have these details you can then make a more informed decision.

I am guessing they have dropped the price so much as they are desperate to sell – ask the broker why they are selling. Also they could also be damaging the business reputation by reducing their services etc and this is reflected in the price you would offer.

IF you buy this make sure to budget some marketing to promote new owners/management around the town.

Good luck and keep us posted

Cheers
Mischelle :)