Buying vs. Building a Restaurant: What’s Better?

If you're planning to scale your restaurant business, this is the blueprint for buying existing restaurants the smart way - straight from a 20-year restaurant industry veteran.In this episode of the Restaurant Growth Accelerator Podcast, Andrew Scott shares what every restaurant owner needs to know before purchasing an existing business or expanding to new locations.From costly mistakes made on his first restaurant acquisition to insider tips on evaluating financials, negotiating leases, and spotting red flags...This episode is packed with real-world advice to help you scale your restaurant empire (without going broke).Tune in to hear about:✅ How to assess if you’re actually ready to scale to a second location✅ The exact financial documents you need before buying a restaurant✅ What EBITDA multiple to use for restaurant valuation✅ Negotiation tactics with sellers and landlords✅ The pros and cons of buying vs. building from scratch✅ Lease agreement tips that can save you thousandsListen to this episode before you sign another lease or make an offer on that available restaurant.Key Moments:00:01:40 Are You Really Ready for Location Two?00:03:20 Avoid Scaling to Bankruptcy00:06:00 Purchasing an Existing Business00:09:00 Equipment Assessment00:12:00 Negotiating the Best Deal00:18:00 Location Selection00:22:20 Competition Research00:25:00 Contractors & Timelines Buying a restaurant can grow your empire -or bankrupt it.The strategies Andrew shares could save you hundreds of thousands of dollars and years of regret.-✅Tools For Restaurant Owners✅Thinking of opening another restaurant? Avoid costly mistakes with my free guide: 👉https://hs.ownershifttraining.com/optin-mupb?el=podcast-✅About Us✅The Restaurant Growth Accelerator Podcast is hosted by Andrew Scott - founder of OwnerShift Training.Andrew Scott successfully scaled his restaurant business to 4 locations while working a handful of hours each week. He’s since helped over 1,000 restaurant owners increase their sales, profits, and free time - and he’d love to help you too.✅For Restaurant Owners✅Interested in growing your restaurant business while working less? Book your free assessment call:👉 Restaurant Assessment Call✅Connect With Us✅https://www.facebook.com/groups/multiunitempirebuilders/ https://www.instagram.com/andrewrichardscotthttps://ownershifttraining.com/?el=podcast