Emerald Coast

Pensacola’s, Best and Most Authentic Buffalo Style Chicken Wings

Excellent Quick-Service Restaurant Opportunity – Ready for a Fresh Vision – If You Have Been Looking for an Established, Turn Key Restaurant, in the Vibrant, Pensacola Florida Area, then This One Might Be Right for You!!!

This High Traffic Location’s Reputation was Built on Serving Classic Buffalo-Style Wings, with Excellent Exposure & Visibility – Great Reputation with Loyal Clientele

Perfect Opportunity for an Experienced Owner Operator / Couple / Family – Looking to Continue and Build this Casual, Established Restaurant, with its Classic Comfort-Food Menu or Bring Your Own Concept

Special Features

  •  Established in 2014
  •  Average Monthly Sales – $50,000
  • 2,500 Square Feet – 40 Inside Seats
  • Turnkey with Fully Equipped Kitchen and 10’ Hood System
  • Counter Service, Dine-in, Take-Out and Delivery
  • Open 6-Days from 11am – 9pm Closed Tuesday
  • Increase Sales by Opening 7-days
  • Excellent Monthly Rent of $3,000
  • Easily Convert to Any Concept
  • Well Trained Staff and Management
  • Located in a Busy Plaza with Ample Parking

Owner is Very Motivated – Don’t Miss This One!!!
Asking $185,000

New Location Announcement – Jacksonville, Florida

The Emerald Coast Restaurant Brokers and Consultants are excited to announce their new location in Jacksonville, Florida!

We know that the wait has been long but we promise it has been worth it! Servicing the Jacksonville area will help us to better evaluate the many issues that the restaurant industry faces and provide solutions that will help businesses thrive.

Our professional services will help to increase efficiency and improve bottom line results. With our team of experienced professionals, we’re dedicated to providing the best possible service to our clients, and we are excited to be able to offer our services to restaurants in Jacksonville.

If you’re looking for help with restaurant brokerage services or consulting, the Emerald Coast Restaurant Brokers and Consultants are the perfect team for you.

 

 

Why Work With Us?

We’re a one-stop shop for all your restaurant needs, and we’re dedicated to providing the best possible service to our clients.

Our Expert Restaurant Consulting Services in Jacksonville helps all types of restaurants meet their goals.

  • We have over 35 years in the restaurant industry and have the experience and expertise to know how to help you with your
  • We realize that every restaurant is different, so we take the time to get to know
  • Only once we know your restaurant and your goals and wishes for it are we able to make an expert assessment and plan to help you

Don’t trust just anyone to help you with your Jacksonville Restaurant Consulting Services. Our success comes from helping you to be successful, and we are committed to making that happen. From dramatic changes to hard-driven improvements, we can help you establish your Jacksonville restaurant, build a solid customer base, or help you find a qualified buyer if you are ready to sell.

So, if you are in Jacksonville and looking for a broker or consultant, look no further than the Emerald Coast Restaurant Brokers and Consultants! We’re here to help you succeed.

Visit our website or give us a call today. We’re looking forward to serving you!!

Emerald Coast Restaurant Brokers and Consultants 850-635-5391

The Latest and Most Innovative Technology Options for Restaurants to Use

The restaurant industry has adopted new digital solutions and innovative technology for a few years now. Since the pandemic in 2020, when restaurants were forced to “think outside the box” to remain afloat, owners and managers have adopted technology systems to help them adapt to the new digital reality. 

Digital systems and technology have helped several restaurants through the years. The technology has led to an array of changes and updates. Some of the most impressive innovations currently available for restaurants can be found below. 

QR Codes

A QR code is like a bar code; however, they encrypt data horizontally and vertically, which means they can store more information. 

In 2020, QR codes were invaluable for the restaurant industry. Restaurant owners could display a code on the exterior of their building, and customers would scan it on their phones to let them order online. 

They are still being used today due to the convenience and success they provide. Now QR codes are being displayed on tables for customers. When scanned, people inside the restaurant have access to a digital menu. 

This has helped to reduce paper waste printing and even helped to limit contact between the customers and staff. 

Food Locker Systems 

Another innovation that has grown in popularity is food lockers. These are devices that can store chilled or heated food. With these in place, restaurant owners can increase their customer’s overall satisfaction and ensure the food they receive is fresh when they get it. 

The lockers are usually found in different sizes depending on the restaurant or chain using them. Some higher-end restaurants use high-tech food lockers that include a UV light to kill any bacteria present

Even though it is just recently gained traction, the use of food locker systems has been around for quite a while. In fact, these systems date back to 1965 when A Horn & Hardart automat sold sandwiches in these food lockers. 

Self Service Kiosk

These are like the food lockers, and a self-service kiosk lets a customer place an order and make payments without using the services of a cashier. However, the order is received by servers. Also, quality kiosk software will integrate with the restaurant’s POS (point-of-sale) system, kitchen printers, and display systems. 

Recently, a report showed that around 65% of customers prefer to use a self-service kiosk. These also allow you to use more creative marketing ploys, offer more customization opportunities, and even allow you to benefit from digital menu boards. Like the food lockers, self-service kiosks will help you save on labor and increase your restaurant’s revenue

Implementing Innovation in Your Restaurant 

As you can see, there are more than a few ways you can implement innovative technology in your restaurant business. Now is the time to consider making some of these updates and use the services of a restaurant consultant if needed. This is going to ensure that your restaurant is as profitable as possible.

The Differences Between Florida Liquor Licenses

There are three of the basic kinds of liquor licenses in Florida. This video will explain the differences. The 2COP, the 4COP and 4COP SRX liquor licenses. COP stands for Consume on Premises.

The 4COP Liquor License in Florida

To keep it simple, 4COP license is the one you can buy and transfer from one location to another. The 4COP is a liquor license that allows a business owner to sell any type of liquor, beer, or alcohol. Every year, the state holds a lottery in which you can apply to be a part of the lottery and obtain a liquor license for a specific Florida county. Unfortunately, they only give out a few per county per year. That implies anyone else who wants to open a full-service bar will have to purchase one from someone else. The cost of these 4COP liquor licenses varies according on which Florida county they are issued in. Depending on the county, they might be as little as $20,000 or as high as $400,000. Because there are currently no government restrictions governing the price system, these figures are nearly entirely based on market rates. Liquor licenses, on the other hand, appear to hold their worth to the point where private parties and, on occasion, banks would finance the acquisition of a liquor license for a buyer. Before moving a business, it’s always a good idea to double-check what kind of license it has.

The 4COP SRX Liquor License in Florida

The 4COP SRX liquor license is a full-liquor license, with the exception that it must remain compliant with the current space or facility. It can’t be moved to another location. However, the upfront cost difference is significant because these licenses may be obtained for less than a couple thousand dollars and are renewed for around the same price each year. Restaurants must, however, hold and be licensed to house at least 150 people, occasionally more depending on the area. When questioned by government agencies, these enterprises must additionally demonstrate that they sell more food than alcohol. Informally, the 4COP SRX is referred to as a “liquor license with food.” While the liquor license is less expensive up front, the restaurant facility is considerably larger and scaled than a tiny bar, thus utilities, rentals, and build-outs are much more expensive. Zoning and enough parking are two other difficulties that may need to be addressed.

 

Florida’s 2COP Liquor License

Most people refer to the 2COP license as a “Beer and Wine” license. It’s basically a permit that authorizes a company to serve beer and wine. The establishment can be a restaurant or a simple bar that does not offer food. This license is held by a large number of smaller restaurants and pubs. It is the most cost-effective method of serving alcohol. The cost is usually low, and the license must be renewed every year.

It will be easier for you to grasp operations now that you have a fundamental understanding of these liquor licenses. There’s a lot more to know about liquor licenses in Florida, and it’s always a good idea to consult local professionals when selling or buying a restaurant or bar in the Orlando or Florida area.

Selling a Restaurant Business

Whether you are Selling a Restaurant Business as a way to fund your retirement, change industries, or even buy a New Restaurant, you must exercise the same caution as you did when making the purchase. The most significant advantage you have now that you didn’t have before is that you have been a part of a restaurant transaction – albeit from the other side of the table.

If you didn’t utilize a Business Broker when Buying Your Restaurant, you might now wish you had, after seeing the amount of work, research, and attention to detail required for these types of transactions.

How Using a Business Broker Streamlines the Process

Hiring a Business Broker to Assist with the Sale of Your Restaurant Business not only greatly reduces the hassle on the seller’s end but can also result in significantly higher profits from the sale. At Emerald Coast Restaurant Brokers & Consultants, we offer top-of-the-line services backed by many years of experience in the industry. Here are a few things you can expect when working with us:

A Free Restaurant Valuation and Assessment

Perhaps the most crucial part of the selling process is determining the Actual Value of Your Restaurant. This will set expectations for profit margins and establish how much room you have for negotiations. Keep in mind that the value of most businesses is based on more than just their assets. Our in-depth assessment will help determine precisely what other factors add to or detract from the value of your business.

Assistance in Finding the Ideal Buyer

Emerald Coast Restaurant Brokers & Consultants offers Expert Assistance in Finding the Ideal Buyer for your Business. We rigorously prescreen buyers and protect your confidentiality by requiring every prospective buyer to sign a comprehensive confidentiality agreement.

Help Securing the Deal

When it comes to our effectiveness at securing a restaurant deal for you, we believe our motto says it all: “There are Never Problems. Just Solutions”. We passionately assist Restaurant Owners throughout the entire process and will not stop until the Restaurant Business is Sold.

Make the Smart Choice with a Business Broker

If you are looking for an Experienced Business Broker with a Proven History of Success in the Restaurant Business Industry, you need not look any further than Emerald Coast Restaurant Brokers & Consultants. Our team of professionals is led by Marty Bombenger, an Award-Winning Owner of Multiple Restaurant Concepts for over 35 years!

Contact Us Today with any questions you have or to start the discussion on selling your restaurant business.

How a Business Broker Can Help When Buying a Restaurant

Business Broker is a person who acts as a middleman between the buyers and sellers of privately held businesses. These individuals are also known as “intermediaries” and “business transfer agents.” They play a crucial role in the process of purchasing and selling businesses. They help buyers and sellers find and purchase the best possible deals. In this article, you’ll learn how a Business Broker can help you make the most profitable transactions. Read on to learn more about the many advantages of hiring a Business Intermediary.

When buying or selling a restaurant, a mediator can help you navigate the process smoothly. This professional has the expertise and contacts to market your restaurant. A good agent will also create a comprehensive marketing strategy to promote the business and get the highest possible price. A good business broker can also help you negotiate with prospective buyers and assist with the sale process. The business broker will also handle all legal matters. The most important aspect of hiring a Business Advisor is that you can be sure you’re working with someone who understands the nuances of the industry.

When buying or selling a restaurant, advertising and marketing are key to success, and a Business Agent can help you reach these customers effectively. Your restaurant should be advertised in the right ways to attract more potential buyers. An experienced Broker can also provide recommendations on how to save time and money. Listed on real estate websites, a Business Broker can help you attract buyers and sell your restaurant. 

A Business Broker can help you with your restaurant purchase.

 They can help you with all aspects of the transaction. In addition to helping you buy or sell a business, they can help you with lease negotiations. They are also a good choice for restaurant owners who want to run a successful restaurant. In fact, the right Restaurant Business Broker can save you from headaches and unnecessary stress. A great restaurant is about more than just great food and an outstanding staff.

Your broker must be highly organized and able to maintain records of appointments and information. A business broker should be very good at communication and should know how to negotiate on behalf of their clients. The business broker should also be good at identifying potential buyers and selling businesses. You can find Business brokers in The Wall Street Journal or other local newspapers. It is important to find a business broker with a good reputation. A professional who knows their stuff will be successful.

A Business Broker’s primary role is to find a buyer for your restaurant.

 This person will be able to identify the right buyer for your business.  If you’re looking to sell a restaurant, you can also hire a Business broker. Besides, a broker has more connections and can help you sell your restaurant. The job of a Business Broker is to find a buyer who will be motivated to buy your business. While the sales process can be stressful, a Business Broker will help you make the entire process less stressful for you. The broker will take care of all the financial details and will help you sell your business. Your goal is to make the sale of your business a success. Your investment is the best asset you can have.

In Conclusion, a Business Broker is a great asset to your business. They can help you pinpoint your interests and choose the perfect business for you. Some brokers don’t charge upfront fees and will list your business if they’re confident that it will sell. Others will charge you a small fee, but you’ll be repaid for that later on. A Business broker will give you advice and smooth over any problems in your process, keeping both sides focused. They will also have access to databases of transactions and be an invaluable asset in helping you determine the value of your business, ensuring that the deal is in your best interests. A brokerage service is a must-have service when buying or selling a property.  

Proper Preparation Prior To Putting Your Restaurant On The Market Will Ensure A Better Offer

Selling your restaurant can be an exciting time as well as one full of stress and anxiety. Regardless of the reasons you have for selling, you are letting go of a business that you have dedicated exorbitant amounts of time and energy, which means you need to receive your full asking price. Emerald Coast Restaurant Brokers & Consultants understands the emotional, physical, and financial stakes involved in the selling of your restaurant which is why we are sharing a few tips that will help you prepare yourself and your restaurant for the process of selling.

Focus On Appearances

Before you put your restaurant on the market for sale, focus on its appearance both inside and out. You want everyone who passes by and who walks into your restaurant to be impressed with its upkeep. Focusing on curb appeal and interior design doesn’t necessarily mean you need to totally remodel, it simply means to spend time and energy where it is needed most.

For instance, cleaning out landscape and tending to your outside areas will allow it to show well in first impressions. First impressions matter, you hook a potential buyer at their first sight and first experience in your restaurant, and you only have one shot at a first impression. Replace struggling plants, declutter, and clean your interior spaces, and make any upgrades that you can so that buyers can see the value in your establishment.

Financials & Legalities

Once you have the front of the house in order, turn your attention to the back of the house. According to professionals, one of the most common reasons restaurants fail to sell, or sell for far less than they are worth, is due to the owner’s financial records being poorly maintained. Inaccurate and incomplete bookkeeping and record-keeping is a warning sign to potential buyers that turn off a sale before it even gets started. Make sure your bookkeeping is in a standardized format that is easily understood, and make sure all of your purchasing and sales records for at least the last 6 months are readily available and organized.

Ensure Licensing & Permits Current

Potential buyers will be concerned about the current state of all of your licensing, permits, and health inspection results. Make sure you are up to date on everything that relates to the running of your business, such as liquor licensing and lease agreements, and organized with upcoming permitting or inspections, prior to putting your restaurant on the market.

Emerald Coast Restaurant Brokers & Consultants is ready to help you sell your restaurant, our experienced team is happy to speak with you, contact us today.

Why Buying an Existing Restaurant is a Smart Business Move

Finding a lucrative business venture is something many entrepreneurs work hard to achieve. Choosing a business venture that coincides with the passions and hobbies you have is beneficial. For instance, if you love to cook and interact with the general public, owning a restaurant is a great idea. There are over 660,000 restaurants currently in the United States.

Rather than trying to build a new restaurant brand, you need to consider buying an existing restaurant. Each year, many restaurant owners decide to get out of the business and pursue other passions. Getting a good deal on a restaurant for sale will be much easier with the help of a reputable broker. If you are trying to learn about the benefits of buying an existing restaurant, check out the information below.

Hit the Ground Running With Restaurant Equipment and Inventory

Starting a restaurant from scratch can be extremely expensive. If you are new to the game of running a restaurant, you may not have a large amount of capital needed to buy all of the equipment you need. Instead of going deep into debt, attempting to buy this equipment, you need to consider buying an existing restaurant. If a restaurant is already up and running, it will have all of the equipment and inventory you need.

Before deciding to buy a particular pre-existing restaurant, you need to get a breakdown of the equipment and inventory you will be receiving. With this list, you can make a decision about whether you are getting a good deal on the eatery in question. Your broker/consultant will be able to weigh-in and offer their opinion regarding whether the restaurant is worth the asking price.

Having a Built-In Audience is an Advantage

Developing a great reputation in the community is something owners of new restaurants struggle with. It takes a lot of time to get your restaurant known. If you wanted to skip a few steps and unlock the benefits of having a built-in audience, investing in a pre-existing restaurant is a good idea.

An existing restaurant will already have loyal customers, which means you can start making money right away. However, you will need to invest in top-notch marketing campaigns to get new customers in the door. Marketing professionals who have experience in the restaurant industry can help you develop and manage both digital and print campaigns.

Keeping a Restaurant’s Existing Staff on the Payroll

Another challenge you will be faced with when starting a brand-new restaurant is finding and hiring the right employees. An existing restaurant will already have a team in place. If the existing staff a restaurant has is productive and trustworthy, keeping them on the payroll is a must. Having a team of hard-working employees who already know the ins and outs of the business will help you greatly in your pursuit of profit.

Trying to Buy a Restaurant?

As you can see, there are a number of benefits that come with buying a pre-existing restaurant. Contact Emerald Coast Restaurant Brokers & Consultants to find out how we can help you bring your dream of owning a restaurant to reality.

Mistakes to Avoid When Buying a Restaurant

If you are like many people, you may think you can purchase a restaurant and be guaranteed success – after all, you are catering to a basic human need. There are some success stories that reinforce this idea; however, for the most part, a restaurant takes hard work, time, money and effort. Even with all that, there is no guarantee of success. 

As a result, if you are ready to buy a restaurant, you need to know what to look for and what to do. More importantly, you need to know what mistakes to avoid. Keep reading to know what some of the biggest mistakes people make when ready to buy a restaurant here. 

Not Knowing the Difference in a Dining Establishment and Fast Food Service 

Both restaurants sell prepared food; however, they are essentially two different types of businesses. There are many business opportunities professionals who complain about “buyers” who can’t distinguish between these two. This inability to distinguish between fast food services and dining establishments makes it challenging for restaurant brokers and others to help the buyer find the business that is best for their needs. 

If you don’t have a clear idea of what you are looking for, you may find yourself spending a lot of your time examining businesses that are completely unsuitable for you. Take some time to learn the difference in these restaurant businesses before moving forward with the buying process. 

Not Understanding or Preparing for Food Service Industry Demands 

No matter what a seller may say about it, a restaurant isn’t easy to operate and for buyers who have no prior experience in this field, it may be impossible to run. If you want to purchase a business in this industry, but if you don’t have prior experience, consider buying from a franchisor. Most of the successful dining establishment owners are also chefs who spend part of their time making the food that is served. 

Not Being Willing to Pay a Premium for a Quality Restaurant 

Believe it or not, it’s actually smart to pay two times or more the cost of a seller’s annual adjusted earnings. However, it is not a good idea to insist that you pay a price that’s determined by using the standard industry multiple if the business is in a growing area or has an under-market lease that’s locked in for several years. This also isn’t a good idea if the seller is agreeing to stay on and train your new cook for up to six months at minimal cost to you. As you can see, there are more than a few factors to consider when buying a restaurant. Each of these factors will help you make the best deal possible for yourself and your future restaurant. It’s also smart to work with a professional restaurant broker who has had experience buying and selling restaurants and who can provide you with advice and guidance through the process.

Defining the Need for Restaurant Brokers

Restaurant brokers are professionally trained agents that facilitate a deal between sellers and buyers in the restaurant business. They may be licensed as real estate agents, depending on the state, but they are not in many states.  Throughout this process, some of the beneficial services brokers serve buyers are:

Knowledge

Restaurant brokers remain above the patterns, sales, and deals in the local and national markets and maintain ties with the restaurant sector and the other corporate brokers. This often helps them to learn quickly about new listings and the best opportunities that meet the needs of a buyer. Most brokers often negotiate with restaurant owners who do not yet consider selling their property and can often broker a deal before it is made available to other buyers.

Fees

One of the best reasons for buyers dealing with a restaurant broker is that brokers bill the seller and buyer price as a fee. This is generally seen as money from the overall selling price of the product. The customer usually does not then pay a fee for the services of the broker.  A buyer of a restaurant profits without personal charge from the broker’s experience and knowledge.

Contacts

A network of local contacts is available to each restaurant broker during and after the purchase process. A broker makes the process a stress-free transaction for the buyer by using the information gathered through these connections. Restaurant brokers, for example, have relationships with licensed attorneys and landlords.  A broker will give you the tools to complete this transaction quickly.

Negotiating

A broker is qualified for negotiation and handling of paperwork. He works with a dealer and a customer to open contact between the two parties and negotiate a deal that works for all people. For restaurant brokerage, a standard property form is not necessary, and documentation also requires statutory criteria and restricts such liabilities.

Emerald Coast Restaurant Brokers & Consultants provides solutions for restaurant operations, management, and real estate brokerage needs. Our team develops strategies to improve the client’s financial performance by implementing proven control systems that will reduce food, beverage, labor, and operating costs while maximizing productivity. For more information about our services, please contact us at your earliest convenience.

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