In this episode, we sit down with Steve Zimmerman, founder and principal broker of Restaurant Realty Company, to dish out the insider secrets on restaurant dealmaking. Steve is the OG who literally wrote the book on restaurant dealmaking, and with over 1,000 restaurant and bar sales under his belt, Steve shares his wealth of knowledge and experience navigating the ups and downs of the industry.
Steve provides a fascinating look at how Restaurant Realty has weathered economic downturns like the dot-com bust, 2008 housing crisis, and COVID-19 pandemic. He shares insights into who is buying and selling restaurants right now, the unique challenges of getting deals done in the current climate, and his predictions for the future of the industry.
Whether you're a current restaurant owner looking to sell, an aspiring restaurateur seeking to buy, or simply interested in the behind-the-scenes world of restaurant dealmaking, this episode is packed with valuable information you won't want to miss. Tune in to learn from one of the most experienced and successful restaurant brokers in the business.
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What You’ll Learn from this Episode:
Why restaurants continue to sell even during major economic crises.
The top reasons restaurant owners are selling their businesses right now.
How suburbs are becoming the hotspot for new up-and-coming restaurant concepts.
The biggest challenges to getting restaurant deals done in today's market, from financing to pandemic loans.
Steve's predictions for the restaurant industry over the next few years.
The importance of giving back to the community and helping those in need.
Why Restaurant Realty continues to thrive as an intermediary despite industry downturns.
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