When you can "buy" an existing restaurant for "Zero"

As a business broker with ten years of experience, I have "sold" existing restaurants for zero. The most common instance is when the landlord received the restaurant with equipment and furnishings to settle past due rent or eviction. The landlord wanting to quickly rent the vacant space will lease the space including the restaurant and equipment to a qualified tenant without any upfront money except rent security deposit to create an incentive to quickly fill the vacancy. A way to get a restaurant cheaply ($5,000 - $10,000) is to make an offer to seller of a distress sale. The seller will just want to get out of a lease and sell the business for anything that is offered. Ask owners of restaurants you know that have bad food, poor service and no customers if they want to sell. They probably do. You can then do your own concept and menu. You can find answers to the 30 most frequently asked questions about buying or selling a business at http://ift.tt/KYfcdH.

via Small-Business-Forum.net http://ift.tt/KYfeCk