Blog

From the category archives: Certified Business Brokers News

When looking to sell a restaurant, keep these important checklists at hand and use a Certified Business Broker to avoid buying a failing restaurant.

What Drives The Value of a Restaurant?

The valuation of a restaurant is much like any other business valuation. But, there are certain factors unique to the restaurant industry. The following are key elements that impact the valuation of food and beverage businesses.

Read the rest of entry »

Texas Restaurant Industry - Biggest in the Nation in 2009

Texas has long been the hot bed of restaurant activity in the U.S. With roughly $35 billion in sales expected in 2009, the restaurant industry in Texas is anticipated to be the leader in the restaurant sector in growth, according to the National Restaurant Organization, as reported in the Wall Street Journal. The $35 billion figure represents a 4 percent increase in sales year-over-year. That's down from 5.6 percent growth in 2008, but still shows that Texas restaurants are bucking the recession. The national sales growth rate is expected to be almost half the growth of Texas at 2.5 percent. In December 2007 California was #1 in restaurant sales, with Texas in the #2 position. We all know where California stands this day. Texas has outpaced the has-been leader and is kicking butt. “Even in these tough economic times, it is clear that the Texas restaurant industry is the best place to do business in the nation,” said Richie Jackson, executive vice president and chief executive of the ...

Read the rest of entry »

Certified Business Brokers Announces the Successful Sale of Papas Restaurant and Grill

VR Business Brokers in Dallas Helps in Ownership Transition of Fisher Cabinet Works TYLER, TX -- (MARKET WIRE) -- 11/06/2006 -- VR Business Brokers announces the sale of Fisher Cabinet Works, which designs and manufactures custom cabinets and offers several lines of pre-finished cabinets. Pete Fisher Jr., the founder of Fisher Cabinet Works (http://www.fishercabinet.com/), engaged VR Business Brokers in Dallas to sell the company. Terms of the transaction were not disclosed. Fisher Cabinet Works, based in Tyler, Texas, was established in 1992 and employs approximately 50 workers. New owner, Tami Wolfe, plans to keep the headquarters in Tyler and has launched an expansion with a new showroom in Plano at Lakeside Market on Preston Road. "I was attracted to Fisher Cabinet Works because nobody in the Dallas / Fort Worth area offered their high-quality craftsmanship at an affordable price," said Wolfe. "Now that we've opened in Plano, builders and homeowners are learning what we can do to improve the aestheti ...

Read the rest of entry »