We can guide you through this process and find you the right location.
Buying a business can be an exciting time for you. To bring your dream of owning a business from pen and paper can be a long and tedious process. There are many questions that go along with site selection like: funding, concept, demographics, budget and competition.
We will work together to make that dream come true!
We work with other brokers in the area as well as exclusive sellers that others do not have access to in Connecticut.
Not sure where to start? No problem!
Pi LLC brands itself as a “Full Circle” Restaurant Consulting Firm because we believe that it takes a continuous balance of all the key departments of a restaurant to ensure a successful and profitable business. If you have a concept we can find you the right space for your dreams to come true. It may be a blank canvas or you may be better off converting an existing restaurant business. It all depends on your budget, location and availability of the market.
Looking to buy an established business?
Value is in the eye of the beholder and also the financials. We will help you navigate through the restaurant P&L, sales records, and market stability to find the best deal.
There are many reasons why hiring a business broker is a smart investment. They can help you find out various business opportunities. Perhaps the most important reason is that a broker can help you successfully sell your business. Selling a business is not an easy task, and there are many potential pitfalls. A broker can help you navigate the selling process and find the right buyer for your business.
In addition to helping you sell your business, a broker can also help you buy a business. For example, If you’re looking to buy an existing restaurant, a restauant broker can help you find the right one and negotiate a fair price. Buying a business is a complex process, and it’s important to have someone on your side who knows the ins and outs of the marketplace.
Another reason to hire a broker is for their expertise in valuing businesses. If you’re thinking about selling your business, it’s important to have an accurate idea of its worth. A broker can provide this service, as well as help you with other aspects of preparing your business for sale such as creating marketing materials and negotiating with buyers.
Ultimately, hiring a business broker is an investment that can save you time, money, and headaches down the road. With the right broker by your side, you can maximize the value of your business and successfully make the transition to new ownership.
Knowledge and Experience – Business brokers have extensive knowledge and experience in the field of mergers and acquisitions. They can provide valuable guidance throughout the sale process. At Pi Restaurant Consulting not only are we Business Brokers but we are expert Food and Beverage Consultants that assist owners in new restaurant concept development and existing concept overhauls. We understand the true value of having the right location for the right concept.
A: We charge a 10% fee on the final sale of the business. We only charge you if we sell the business.
A: We will require at least 3 years financials and determine the average net profit of the business. We will evaluate the current state of the restaurant and the contents. We will evaluate the local market and the reputation of the existing business. We will also take into consideration the potential for growth in the space and the current market.
A: We have all our buyers sign a Confidentiality Agreement. After they have signed the agreement, we also interview them to see if they qualify to run restaurant, discuss funds and define what the criteria they are looking for in a business. If after the initial interview we have determined the buyer is a match we will then disclose the restaurant name and location. We reiterate that they are not to discuss this information publicly or to look suspicious and ask questions to the employees if they make a visit.
A: Most of our agreements are a minimum of 6 months. In some markets deals are made very quickly while others can take some time. We will be in contact with you regarding the level of interest on your business and we may change the descriptions over time.
A: We promote your listing on Bizbuysell.com and Bizquest.com. We also share with over 10,000 contacts on Linkedin.com. We post into our Connecticut Facebook Groups: Connecticut Restaurant & Hospitality and Connecticut Business for Sale. We will also send out targeted emails to previous qualified buyers that have interest in your area.
