Episode X – Sell my Restaurant Fast
– September 10, 2021
Episode X – Sell my Restaurant Fast
Ryn discusses the components needed on both the buy and sell side for a restaurant sale and transfer to happen quickly. This episode streamed live from the Healdsburg Plaza and the Downtown Bakery & Creamery in Healdsburg, CA.
Episode IX – Restaurant List Price vs Selling Price: Why Can This Be A Moving Target? – July 29, 2021
Ryn discusses the reasons why restaurant sale confidentiality can make the restaurant buying search difficult. Café manager, Jared Potts, offers a tour of the facility, outdoor seating and some the most popular menu items.
Ryn Longmaid is a Certified Business Broker who specializes in restaurant sales and consulting. In addition to being a proficient business broker, Ryn has over 20 years experience in the restaurant, hospitality and food industries. She has served as an executive chef, restaurateur, and Culinary Institute of America instructor.
It takes a lot to transfer a restaurant from one owner to the next. However, it isn’t rocket science. If you’re looking to buy or sell a restaurant, you could certainly achieve that goal without a broker. But keep in mind that one small misstep with the health department, the landlord or the ABC could set the entire transfer back months or kill the deal entirely. A qualified restaurant broker is very similar to a project manager who helps both buyer and seller navigate the various licensing and permitting agencies required for a successful ownership transfer. At the same time, restaurant brokers ensure that everything is on track with the escrow company and between the two parties.
Transactions Ryn has represented include:
- Full-service restaurants – family style to Michelin-rated fine dining
- Bars, pubs, & taverns
- Coffee shops, bakeries (conventional and gluten-free), cafes and delis
- Restaurants specializing in vegetarian and vegan Cuisine
- Ice Cream, yogurt & smoothie shops
- Pizza restaurants – take out & dine-in
- Mexican, Asian & other ethnic restaurants
- Wine bars and tasting rooms
- Fast food & quick-service restaurant & franchises
- Clubs with music, dancing, & entertainment
- Catering businesses
- Coffee roasters & wholesale foods
- Landowner representation for leases and the sale of real property
- Business owner representation for leases and the purchase of real property
We first met Ryn when she worked with Tom Barnett at Santa Rosa Realty and we got to know her a bit better when she would have us guest speak in her classes at the Culinary Institute of America in St. Helena. After Tom passed, Ryn stepped in to work with us and her assistance has been indispensable. She has helped us negotiate and secure several restaurant leases as well as purchase and transfer several ABC liquor licenses. We find Ryn to be extremely trustworthy, knowledgeable and diligent. We recommend Ryn for anyone looking for help with restaurant real estate and liquor license sales.
I can’t say enough great things about Ryn Longmaid to make sure that she becomes your broker. Ryn is AMAZING, and she’s the right broker for you. When the deal I’d reached to purchase a restaurant in the Castro district of San Francisco fell through because the seller backed out, I turned my attention to possibly purchasing a restaurant in the wine country region of CA, north of San Francisco. As I was replying to postings of restaurants for sale there, I noticed that each property I was interested in was represented by the same broker, Ryn Longmaid...
Living out of state, I didn't know what to expect when I listed with Ryn to sell my Yogurt Shop in Sonoma County, but she made the sale process as easy as I could have hoped. She packaged and managed all the advertising, found a passionate and qualified buyer, oversaw the lease assignment and all health department requirements and was always available to answer my calls and emails throughout the entire process. I highly recommend Ryn to anyone looking to sell their business.
Ryn is the perfect combo of savvy, smart, kind, supportive, with a mad mix of creative and hard- working. We would not have bought our restaurant without her support. And, she's still supporting us! For first time restauranteurs her experience as a chef, owner, and now sales and consulting makes her worth her weight in gold. Don't use anyone else. I promise it will be the best part of going through the rigmarole of escrow.
I worked with Ryn when we purchased the business that we would turn into Stockhome. This was the best experience I have ever had working with someone in and on the perimeter of the Restaurant Industry. Ryn is so incredibly knowledgeable with respect to real estate, licensing, and understanding initial startup needs for a restaurant. She also has a vast index of vetted industry professionals; if she can't help you, she knows who can. And when she recommends someone, one does not have to worry--this is someone to be trusted. She understands business relationships, works with integrity and is honest in her approach. I cannot say enough good things about our experience with her. If I ever have a new project in the area she will be the first call I make.
Ryn is a valuable asset to anyone in or looking to be in the restaurant business. Her background and talents lend support to all aspects of purchasing, evaluating, business plan development, financial analysis and liquor licenses. She is on top of the trends, the local scene and is honestly a god send in her field.
We are so pleased with the job Ryn did selling our business. It took a tremendous amount of trust for us to hand over our beloved business, which we had nurtured and grew for over 17 years, to Ryn and she didn’t let us down! We counted on her experience and she laid out a plan and stuck to it. We were especially impressed by the professional and comprehensive way in which she sought to understand the business operations and then presented them to buyers. In the end, it was her expertise that brought all of the parts together for a successful transaction."