Did I buy the restaurant, or did I buy its problems?
A customer told me he found a restaurant for sale, and the price was very attractive, and he was going to buy it immediately.
Do you know the reason for the restaurant's loss?
Its owner said it was due to special circumstances and lack of dedication.
After evaluation and conducting a feasibility study for the purchase, it became clear that the reason for the sale was not just circumstances, but there were operational and administrative problems that had affected the restaurant's performance for a long time.
If the purchase had been made without a study, the buyer would have had to bear the same problems and spend additional amounts trying to fix them after it was too late.
Sometimes an attractive price hides a much larger cost after the purchase.
Before you buy any restaurant... find out the reason for its loss first, because you might be buying the problem instead of buying the business.
Mohamed El Shenawy
Doctor of Restaurants | Restaurant and Catering Operations and Development
First consultation is free for 30 minutes.