Instructions

1

Decide what type restaurant you want to invest in--turn-key, franchise or independent.
2

Find the real reason the restaurant owners want to sell.
3

Check the accountant's books. Go back seven years in order to determine what kind of sales can be expected.
4

Ask questions about the restaurant's reputation. Also check out the area and find out if there is a lot of competition in the neighborhood.
5

Examine the premises of the restaurant. Look at all repair and remodeling bills.
6

Discuss the purchase with friends and family and always consult a financial adviser for objectivity about the possibility of your restaurant purchase.
7

Communicate your concerns of the purchase, bid on the price asked and if accepted make the commitment to buy.