How do I sell a restaurant/privately-owned business?

I am trying to help a family member sell their restaurant business. The property and the business are privately owned (not leased). The revenue on the business is not high, largely because this person has no idea how to run a business, nor has the energy to do so.





This person doesn't want to list the property with an agent, and doesn't have the budget to advertise it on online sites that charge.





Does anyone know of good, free resources where we can market this business opportunity to an entrepreneurial sort of person? We would want to market to both in- and out-of-state people. Again, listing it with a real estate agent is out of the question, unfortunately. :/





Thank you.

How do I sell a restaurant/privately-owned business?
If you want to help, you can place an ad in the newspaper on business supl. depending what kind of food, you can also ad in different languages. The other point is to send inforamtion about this restaurant to others restaurant's owners, sometimes they want to expand and they don't care if the revenue is ok or not. But tell the owner he has to invest some money to sell it!!!
Reply:Unfortunately a real estate agent is the way to go. They are the experts and they market the property. On your own theres the risk of making poor financial decisions. That can cost lots of $$$$$$. Make sure u have a good lawyer though.


No family member wants to try to run the busines?? sad...


I would love my own business, i just dont have the $$$$.





Try to market on the internet, search and see what can be done on here. Your own web page would be a great way to showcase the entire property. But there is going to be some cost involved, the only free advertizing is a homemade sign on the property.





Let us know how it goes...ok
Reply:Where is the property located? (City)


How much square feet is the property?
Reply:no wonder the restaurant is doing poorly. tell them that you are not equipped to handle this kind of sale. they would be best off to use a professional business broker and be happy to get the price net of commissions. a good broker can often get you more than you even thought to ask. usually restaurants are a tough sale, especially ones that are not doing well.

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