Despite a number of challenges, there remains plenty of demand for restaurants on the open market.
This week’s episode of the Restaurant Business podcast, A Deeper Dive, features Robin Gagnon, CEO and cofounder of We Sell Restaurants, to discuss the secondary market for restaurants.
That market remains strong. There are more buyers than there are sellers, driving up the price. This is especially true for quick-service restaurants. But there is plenty of demand for all kinds of concepts. The demand is strong despite high labor and food costs and the prospect of rising interest rates.
We Sell Restaurants is a brokerage that focuses exclusively on the industry, both franchised and independent. Gagnon has been in the restaurant brokerage business for a long time and can discuss the factors behind the current small-scale market. She provides some interesting insight into entrepreneurs’ mindsets. The podcast features an interesting discussion on how people are rethinking their lives after the pandemic, which is driving a lot of business in a lot of markets.
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