Jim Pate

Restaurant Broker

Certified Business Broker and Listing Transaction Agent for:

Restaurant Realty Company

California's Largest Restaurant Brokerage
Specializing in Sales, Acquisitions & Leasing of
Restaurants, Bars, Clubs & Related Commercial Buildings

 

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Table of contents
Jim Pate , Restaurant Broker Pricing & Strategy Digital Marketing Exit Planning: Preparing for a Seamless Transition Video: Transform your business How it works Our success- By The Numbers Your business is important to us Tools, Tips, & Hacks Location, Location, Location Frequently asked questions Contact us
“I am grateful for the opportunity to help restaurant owners with their next great adventure. I enjoy helping new restaurant owners get started and help make their dream come true.”
Jim Pate , Certified Business Broker Restaurant Realty Company

Jim Pate, Business Broker Restaurant Realty

Jim Pate, Restaurant Broker

If you’re looking to sell your restaurant business then you need to find a business broker that specializes in selling restaurants you need to get a Restaurant Broker. Let me introduce you to Jim Pate!

 

I am grateful for the opportunity help restaurant owners with the next great adventure. I enjoy helping new restaurant owners get started, and help make their dream come true.

Jim Pate is a certified restaurant broker who focuses on helping buyers and sellers in California. He brings to his clients a wealth of experience in the foodservice industry including firsthand knowledge of the ins and outs of the restaurant industry. Jim has over 30 years of experience as a chef,  As well, he has 10 years of experience as an owner/ operator of a successful restaurant, which he sold in 2016. Lastly, Jim has 15 years of experience working as a consultative foodservice salesman for leading national companies.
Jim Pate’s passion and understanding of the business as a whole enables him to assist both buyers and sellers throughout the transaction process. He has been recognized for his extraordinary commitment to excellence by helping restaurant owners solve problems and increase their profits and growth. He truly has “walked a mile” in his clients’ shoes and works tirelessly on their behalf to get the deal done.
With his decades of business knowledge and experience, Jim finds it rewarding to help individuals realize their dreams of owning a restaurant. He listens carefully to find out what his clients really want so he can help them achieve their goals. People don’t care how much you know until they know how much you care.
Jim is a Certified Business Broker and member of the California Association of Business Brokers (CABB) and International Business Brokers Association (IBBA) and holds a California Real Estate License.

Challenge 1

Pricing & Strategy

Unlock the Perfect Price for Your Restaurant Business Sale

 

When it comes to selling your restaurant, the art of pricing is paramount. It's the secret sauce that can make or break the sale. Price it too high, and your listing gathers dust. Price it too low, and you're leaving money on the table. The key? Getting it right the very first time, saving you precious time and hard-earned money.

Sure, your attorney, bookkeeper, and best friend may have their opinions on what your restaurant is worth, but the market, my friend, is the ultimate decider of your restaurant's value.

Here's the real scoop: Many restaurant owners often peg their business's value to their debts or their emotional connection to it. But potential buyers? They don't share your emotional attachment or financial history. What truly sparks their interest? It's the cold, hard cash flow your business generates.

So, if you're gearing up to sell your restaurant, what you need is a seasoned restaurant broker in your corner. Enter Jim Pate of Restaurant Realty Company, the titan of California's Restaurant Brokerage scene. We've inked over $1 billion in Business and Real Estate Transactions since 1996, and here's just a taste:

🍽️ Over 1,500 Restaurants, Bars, Clubs & Related Commercial Buildings Sold

🏢 Leased Over 3 Million Square Feet of Commercial Space

💼 Completed Over 5,000 Restaurant Valuations

Our team is a mix of restaurant aficionados who've not just been there, but have been at the helm. We know your business from the inside out. And here's a nugget: even in the midst of the COVID-19 storm, we closed more than 300 deals.

Now, you might be wondering, how on earth do you price a restaurant in today's ever-evolving market? Well, we've got two powerful strategies up our sleeve:

1. Going Concern Method:

Picture this - everything's on the table. Your lease, leasehold improvements, fixtures, licenses, name, menu, concept, and that oh-so-precious goodwill. Our ace in the hole? The seller’s discretionary earnings (SDE) method. We fine-tune the net profit from tax returns or year-to-date income statements. We add back key items like the owner's salary, personal expenses, depreciation, loan interest, and any unique or one-off expenses.

2. Assets in Place Method:

Now, let's strip it down to the essentials. Only the lease, leasehold improvements, licenses, fixtures, and equipment are in play here. The name, menu, concept, and goodwill? They take a back seat. This method focuses more on the nitty-gritty - lease terms, leasehold improvements, licenses, fixtures, and equipment.

When it's time to make that big move and put your restaurant up for sale, you need a partner who understands the market dynamics and your unique business. Restaurant Realty Company is your go-to ally. Let us navigate the intricacies of today's market and secure the best value for your restaurant.

Ready to turn the page on this chapter?   We will be able to share insights that you probably have not thought about

Let's chat!

 

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Challenge 2

Digital Marketing

Marketing where the “Magic” happens

🌐 Discover Us Online

At RestaurantRealty.com, we're the go-to destination for restaurant buyers, drawing hundreds of thousands of eager prospects every year. You'll find us prominently listed on major search engines like Google, Bing, Yahoo, and more. We invest significantly to maintain top positions, ensuring buyers easily find their way to our listings.

 Powerful Partnerships

We don't stop there. Our clients' business profiles grace 13 premier platforms for businesses and real estate sales, including names like BizBuySell, BizBen, and BizQuest, to name a few. These strategic partnerships expand your reach and increase your chances of a successful sale.

 Weekly E-News Blast

Picture this: Over 60,000 registered buyers eagerly await our weekly blast email. It features our latest listings, price reductions, and showcase deals. It's the insider's track to the hottest opportunities in the restaurant world.

Social Media Buzz

In today's business landscape, social media is where it's at. We're not just active; we're thriving. Over 10,000 restaurateurs connect with us on LinkedIn. Our Facebook following exceeds 10,000 fans. And our targeted Pay-Per-Click campaigns reach hundreds of thousands of eager buyers. Your restaurant, bar, or club gets the digital spotlight it deserves.

SEO Mastery

Visibility is everything, and we've mastered it. Restaurant Realty invests heavily in both on-site and off-site SEO. This ensures that our active listings, services, and brand are front and center for potential buyers and sellers. Organic traffic flows to our site, cementing our status as market leaders.

 Media Presence

Our reputation speaks for itself. Major publications like Forbes, INC., QSR, and Bon Appetit recognize our expertise. We've been featured in the Wall Street Journal, New York Times, and local stalwarts like the San Francisco Chronicle. Our media presence adds credibility and trust to your listing.

 Specialized Campaigns

We're not afraid to get creative. Specialized marketing campaigns allow us to reach potential buyers through online, social media, print media, direct mail, email, and phone outreach. We're versatile, tailoring our approach to maximize your restaurant's appeal.

 Industry Events

We're not just behind screens. We're out there in the industry. We sponsor and participate in conferences and events like the Golden Gate Restaurant Association Annual Conference, the Western Regional Foodservice Show, and the Restaurant Finance and Development Conference. We connect with thousands of restaurant owners, buyers, lenders, and developers to ensure your restaurant shines.

Ready to make waves in the restaurant market?

Book A Call

 

 

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Exit Planning: Preparing for a Seamless Transition

When the moment arrives for a transition or sale, Jim Pate and our team at Restaurant Realty is here to guide you through an exit strategy. Our goal is to help provide the optimal outcome for your business as you embark on this new chapter.

At Restaurant Realty, we are more than just advisors; we are your steadfast partners throughout your business selling journey. Our unwavering commitment is to supply you with the knowledge and assistance  using our relationships, resources, systems and staff to conquer obstacles, capitalize on opportunities, and realize enduring prosperity. Your  success is at the forefront of our mission.

 

If your just even thinking about selling your restaurant its to your advantage to talk to us now.

I promise you that we will not  try and pressure you to list your restaurant for sale with us. The honest truth of the matter is that you must decide if and when you sell your restaurant and no one else. We are here to guide you by giving you information to help you evaluate and determine the next steps for you.

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How it works

Restaurant Evaluation

Get a Brokers Opinion Of Value to find out what your Business is worth in the current  market place. This is  the first step in putting you restaurant on the market for sale. This has to be done right the first time. Price it too high and nothing happens.

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Listing packaging

 We need a pdf copy of the Lease. We have a listing profile prepared to collect all the items we need to prepare your listing caption, description of your business, vital information. We need an Equipment List

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Marketing

 Once your listed with our company  the  Magic Begins. Our cutting-edge marketing programs include extensive social media marketing, magazines, newspapers. Over 70,000 pre-registered buyers in our database and Much much more.

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Let’s Work Together

Restaurant Realty

Book A Call
Free Evaluation
27 +

Years of Commitment to Excellence

1500 +

Restaurants,Bars & Commercial Properties Sold

5000 +

Evaluations Completed

Your business is important to me

As Theodore Roosevelt wisely said, "People don't care how much you know until they know how much you care." With a lifetime dedicated to the hospitality industry, I can wholeheartedly affirm that your business holds profound importance to me.

My journey began at the age of 14, washing dishes—an experience that sparked my enduring passion for this industry. Over the years, I've donned various roles, evolving from a chef to a food service executive, and ultimately, a restaurant owner/operator.

Today, as a seasoned Restaurant Broker, I carry with me the invaluable insights and experiences that come from these diverse roles.

I want you to know that your business holds a special place in my heart because I've been immersed in this field for so long. My sincere commitment is to ensure a positive outcome not just for your business but also for you and your family. Selling your restaurant is our shared goal, and I'm here to leverage my expertise,dedication and resources to help you achieve it.

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Tips, Tools, and Hacks

 

“For Successfully Selling Your Restaurant Business"

1. Broker's Opinion of Value:

  • Understand the true market value of your restaurant with a professional Broker's Opinion of Value (BOV).

2. Listing Profile Guide:

  • Craft an appealing listing profile that highlights the unique features and strengths of your restaurant.

3. Equipment Lists (Fillable PDFs):

  • Easily document and share detailed equipment lists with potential buyers using fillable PDF templates.

4. California Association of Business Brokers (CABB) Resources:

  • Access valuable resources, including SDE (Seller's Discretionary Earnings) worksheets and industry insights from CABB.

5. Asset Purchase Agreements (APAs):

  • Explore comprehensive Asset Purchase Agreements to facilitate smooth transactions.

6. Shareholder Agreements:

  • Navigate complex ownership arrangements and agreements with expertly crafted Shareholder Agreements.

7. APA Addendums:

  • Customize your Asset Purchase Agreement with addendums that cater to specific deal requirements.

8. CABB Contingency Removal Addendums:

  • Utilize CABB Contingency Removal Addendums to streamline the contract process and reduce uncertainties.

9. Escrow Guidelines:

  • Gain insights into best practices for escrow management, ensuring a secure and efficient closing process.

10. SBA Pre-Qualification Letters: - Secure SBA Pre-Qualification Letters to attract serious buyers and facilitate financing options.

Selling your restaurant business doesn't have to be a daunting task. With these valuable tips, meticulously designed tools, and expert hacks, you'll be well-equipped to navigate the process with confidence. Your restaurant's successful sale journey starts here.

 

Jim Pate of Restaurant Realty is your Go To Restaurant Broker for California 

Are you in search of a reliable restaurant broker to guide you through the process of selling your restaurant? Whether your establishment is located in the vibrant city of Sacramento, the iconic streets of San Francisco, the bustling metropolis of Los Angeles, or anywhere across the picturesque landscapes of  California, www.jimsellsrestaurants.com stands ready as your ultimate destination. With our proven track record and expertise in the restaurant industry, we are committed to providing you with the optimal solutions you require. Trust in us to navigate the complexities of selling your restaurant, ensuring a seamless experience from start to finish.

Sacramento , Los Angeles, San Franscico, Palm Springs, Lake Tahoe, Napa, Somoma, East Bay, Riverside

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Frequently asked questions

Jim Pate Restaurant Broker Napa, Sacramento, San Francisco, Palm Springs
How long will it take to sell my restaurant?

Many of my clients want to know how long they should expect to wait to sell their restaurant. The truth is that the length of their wait will vary. However, it usually takes a restaurant seven months on the market to find a buyer. Some restaurants will take even take longer. Having good books and records will speed the process along.

How much should I sell my business for?

The majority of businesses will sell for two to three times the seller's discretionary earnings. For example, the selling price will likely be between $600,000 and $400,000 if the annual cash flow is $200,000.

Should I list my restaurant confidentiality?

Yes, this is very important in most circumstances. 95 percent of all our listings are confidential.

What does it mean to have a turnkey restaurant?

A restaurant that is ready to use and that currently exists in a condition that allows for immediate operation is a "turnkey business." The term “turnkey” refers to the concept of turning the key to unlock the doors.

Will using a Restaurant Broker help sell my business faster?

Hiring a restaurant broker to sell your business can significantly reduce the time that your restaurant will be on the market. A qualified restaurant broker will be able to more effectively market your business to the right buyers and manage the sales process until the deal is done.

We care about the business you have created 

Let us help you get what you deserve for you and your family