The Eight Step Selling Process – Part II:
The Escrow Process An escrow is a process whereby there is a third party in a transaction, (the first and second parties are the buyer and seller), usually an escrow company, which is a neutral entity hired by buyer and seller to hold and disburse all monies in the transaction as well as to perform […]
Mary’s Pizza Shack – A Family Affair
We recently sold Marioni’s on Sonoma Square in Sonoma to Mary’s Pizza Shack. The company was founded by Mary Fazio in 1959 and her grandchildren currently run the business and have continued the same original recipes, traditions, quality food and passion. Mary’s Pizza Shack provides homemade Italian food at reasonable prices, From one single “shack”, […]
The Eight Step Selling Process – Part I
From The Offer Stage Through The Close Of Escrow Stage We thought it be helpful to discuss the various stages of the selling process as eventually most of you will be selling your business some day. In this edition we will cover the following topics: 1) receiving the offer, 2) responding to the offer, 3) […]
Man J. Kim Of Lori’s Diner Purchases Sears Fine Foods
Restaurant Realty Company recently participated in selling Sears Fine Foods, a 68 year old San Francisco Institution to Man J. Kim, a successful restaurateur. Man J. started his restaurant career with Al’s Country Steakburger as a night manager while he was attending the University of San Francisco. Since then he has owned over 24 restaurants […]
The Market For Buying Restaurants
There is a strong buyer pool as a result of the following: 1) the high unemployment rate due to corporate layoffs and downsizing; 2) the large number of foreigners that want to get into this business because this an easier entry business opportunity compared to more complex businesses; 3) buyers want to put their whole […]
The Market For Selling Restaurants
Restaurant Realty Company is extremely active and this year we have been as busy or busier than past years. A lot of this action is attributed to the excellent diversified inventory of businesses we have for sale including businesses with real estate, franchises, cash flow businesses and well priced assets for sale businesses. Another major […]
Jan Birnbaum – “The Hardest Working Man In Show Business”
We recently had the opportunity to sell Catahoula Restaurant and Saloon in Calistoga, a successful operation created and ran for close to 10 years by Jan Birnbaum who has decided to pursue new challenging opportunities. As a chef and restaurateur Jan Birnbaum’s name has become synonymous with integrity. He has been known as “the hardest […]