If you’re planning to open a restaurant –
whether it’s your first, or the newest addition to your growing empire -you may be wondering – should I buy or should I build? Each option has pluses and minuses – so how do you know which way to go?
Read on…
Buying an existing restaurant:
One of the major reasons restaurateurs choose to buy an existing restaurant over building their own is time. It takes many months to construct a new restaurant in a vacant space. It also takes time to obtain a liquor license, pass required inspections and install equipment. If your goal is to open your new location within a certain time frame, it may be easier to purchase an existing restaurant and renovate. Read more.