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Challenging Restaurant Market Leads Many to Consider Sale
From The Buxton Co
Nationís Restaurant News predicted 2017 would be a notable year for restaurant mergers and acquisitions.
While restaurant stock prices have started to gain momentum, valuations have declined, making many companies more appealing for buyers. The recent acquisition of restaurants like Cheddarís Scratch Kitchen, Popeyes and Bob Evans, to name a few, are only validating this trend.
Competition in the restaurant space is fierce, and changing consumer taste preferences are creating more challenges for those trying to adapt. The current environment may present opportunity for owners considering a sale.
Here are a few things to keep in mind whether youíre ready to put your restaurant on the market or seeking new ways to drive growth without a sale.
Ready to sell?
If you are considering selling your restaurant now, or maybe in the future, creating an attractive target for buyers is priority number one.
Conducting your own due diligence before bringing buyers to the table will save you a lot of time and angst. While buyers will do this on their own, it can make the process smoother if you are prepared for any surprises that may come from evaluation of your financials, restaurant management and marketing strategy.
One way you can set yourself apart from other candidates is by leveraging analytics in your due diligence. Analytics can help you communicate your restaurantís growth potential through a deeper understanding of factors such as:
Not ready to sell your restaurant Ė but, seeking growth opportunities?
Even in this challenging restaurant environment, there are still plenty of opportunities outside of acquisition that restaurant owners can leverage to drive growth using analytics:
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