New to Delray? Here’s 3 Spots You Can’t Miss
After a day well spent at the beach, there is no better place to enjoy the company of friends and family than Atlantic Avenue in Delray Beach, FL. Once named the “Most Fun Small Town in the USA”, this downtown destination attracts thousands of locals and visitors each year. Nestled among boutique shops, charming hotels, […]
4 Tips to Get Top Dollar When Selling Your Restaurant, Bar, or Nightclub
Here at Prakas & Co we’ve brokered the sale of over 500 restaurants in the last 21 years. Having represented a wide range of clients from small coffee shops to world renowned steakhouses, we’ve pinpointed four ways of getting the highest value for your restaurant. 1. Report ALL Sales – Including CASH! Good record keeping […]
Everything You Need to Know about Florida Liquor Licenses: Costs, Types, & Requirements
For restauranteurs there are many licenses that are required to operate your business. One of the most important considerations to make is the type of liquor license that best suits your establishments needs. While there are many intricacies in the different licenses and how to obtain them, we’ve put together a guide to give you […]
Why Out-of-State Investors & Restaurateurs Are Relocating to Florida
The year 2020 proved to be especially difficult for restauranteurs across the country. As weeks of lockdown turned to months, many business owners were forced to close up their businesses permanently. As opposed to shutting down businesses, Florida imposed regulations that allowed restaurants and bars to keep their doors open. This has given business owners […]
On The Market with Tom Prakas – Florida Liquor Licenses
Without a doubt, alcoholic beverages produce higher profit margins than food sales, and create an attractive source of revenue for many restaurateurs. Restaurants serving alcohol – whether it’s just beer and wine or all liquors – need to carry a “pouring” license. One of the greatest benefits to buying an existing restaurant is usually its […]
Ready to Sell, Buy, Invest? Ingredients for Success: Match Concept, Location and Target Market
Are you ready to buy, sell or invest in a restaurant? Assembling a list of well-tested ingredients mixed with a little precaution and foresight will increase your chances for a rewarding experience. In this issue, we’ll look at choosing the right location. Next issue we’ll talk about the transaction itself and pitfalls to avoid. Many […]