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The most common question we hear as industry specialists is “what’s my restaurant worth?” Truth is, it’s not such a simple formula but rather a blended number of analysis based off multiple factors that can change day-to-day. The best way to determine the most accurate value of your business is by hiring professional, such as the restaurant realtor 🙂 Anyone can look up “how to value my business” online and get a list of different approaches. But to truly understand how us professionals come to our final conclusions, you first have to determine these ever-changing factors. Perhaps the most common… Read more: What’s My Restaurant Worth?
To understand the complexity of New Jersey liquor license laws, you may need a drink of your own (cheers!). Unique to New Jersey, there are several different types of licenses, each having extreme differences in their values. For example, a license in Bloomfield, NJ has a value of around $150,000-$200,000 where Montclair, NJ has licensees valued at anywhere between $800,000 and $1,000,000. Same county, neighboring towns. How did this come to be? Based on legislation passed after prohibition, the number of liquor licenses available in a town were based on population; 1 license per 3,000 residents of a municipality. However,… Read more: Understanding NJ Liquor Licenses
Most NJ Businesses Suffered During Covid, but Delaney Restaurant Realty Increased Market Share. DRR’s Covid Transactions included 24 closed Deals in 19 New Jersey Towns. Out of all commercial real estate sales in NJ, the niche of restaurant real estate sales only holds 1.32% of the multimillion-dollar market. We are very proud and humbled with our growth throughout the pandemic. Delaney sales increased 54.02% from 2020 to 2021, and 75.98% from 2021 to 2022. Although two years removed from the start of the pandemic, last year still came with extraordinary challenges for the industry. Owners faced hard times through increased labor… Read more: DRR Covid Transactions Report
When it comes to valuating your business, you’ve probably heard consultants say, “it’s 2-3 times your net”. While there is some truth to this, we at Delaney valuate businesses based off more than just your net operating income. We consider all factors to get a more accurate value of what your business is worth. This includes the economy, interest rates, the state of our industry, and liquor licenses, just to name a few. The Economy and Interest Rate Effect The economy is inversely affected by the interest rate. When the economy is booming and interest rates are low, consumers spend more money, because it’s… Read more: What’s My Restaurant Worth?
Netflix’s Selling Sunset has some competition… Over here in NJ, Delaney Restaurant Realty is Selling Happy Hour, one cocktail at a time. Instead of costly California coastal views, the Delaney team focuses on selling long term success in restaurants with real estate and liquor licenses throughout NJ. The restaurant scene can be just as glamorous as Sunset Drive. Whether it’s showing a restaurant at 8:00am before opening, or taking inventory at 4:00am after closing, we at Delaney do what it takes to keep our listings confidential. However, there are other factors that sellers are worried about during listing appointments. One… Read more: Selling Happy Hour
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