Doing a valuation on restaurants for sale in Vancouver is not an easy task.There are many elements to consider. You could ask five different evaluators for a sale price of your business and you would get five different answers.
The thing about our valuations is that we are on the ground level selling restaurants every day we know the temperature of the market, we know what’s hot and what’s not. Factors that we consider in a valuations are;
- Brand recognition
- Years in operation
- Lease rate and lease term
- Liquor license
- Class one ventilation
- Number of seats
- Neighbourhood and area located
- Yearly sales and profits
- Personal expenses running through the business
In Vancouver and the lower mainland there are many restaurants on the market, and not like residential it is not easy to find proper comparables. Our knowledge of the current market conditions is what allows us to nail down a price for you. We also consider when evaluating a restaurant the owners blood sweat and tears and also the amount of money put in to building the restaurant. Although a Vancouver restaurant buildout cost, put in to building the restaurant. Although a restaurant build out cost. Does not reflect the value of a restaurant sale. Most of the time the value of the restaurant is worth much less then the buildout cost .
Please fill out the form below with as much details as possible and we can have a valuation on what your restaurant would be worth or could sell in this current market.
The Valuation Services provided by Vancouver Restaurant Brokers allows both sellers and buyers to have an independent opinion of what the value of a particular restaurant is. For a seller, it provides a justifiable asking price for the business; and for a buyer, it demonstrates how the asking price is fair.
Get your FREE vlauation today! Fill out the form below and we will get back to you with a potential value.