Restaurants Sell on Restaurants For Sale Online
July 31, 2006
 
Over the years Restaurants For Sale Online has listed thousands of restaurant, bar and nightclub opportunities. Upgrades to our system over the last 2 years have allowed us to compile all sorts of data to tell our users a little bit more about the results our service brings. When removing a listing from Restaurants For Sale Online, we have provided an exit survey to our users and we also extract listing exposure statistics based on the data our system stores. We received nearly 1,000 exit survey results from June 2005 through May 2006.

Of those surveyed nearly 60% said they sold their listing, and over 48% said that the listing had sold as a result of a lead from Restaurants For Sale Online.

Here are some other interesting results recorded in our survey.

Asking versus Sales Price
Average reported asking price for listings sold was $288,000
Average reported sales price for listings sold was $251,000

Customer Feedback
Over 88% of removed listings said YES - use us as a reference.

Listing Period
The average listing time on the website was 5.5 months (166 days)
The median listing time on the website was 4.2 months (126 days)

Listing Exposure
The average was viewed 2,352 times in the search results
The average listing profile was viewed over 573 times
Over 86% of listings received inquiries
 

DISCLAIMER
The information in our articles has been provided by Jacob Zimmerman of Restaurants For Sale Online, LLC based on exit surveys completed from June 2005 through May 2006. Restaurants For Sale Online makes no guarantees. All listings are unique and receive varying response. Jacob Zimmerman and Restaurants For Sale Online assumes no responsibility for decisions made by buyers, sellers or other parties to any transaction. Information has been provided based on experience and research. The results of various articles and studies reflect such information. Restaurants For Sale Online assumes no responsibility for pricing or recommendation of pricing to any of our users. If you are interested in buying a business or piece of real estate, Jacob Zimmerman and Restaurants For Sale Online, LLC recommends you do your own due diligence to verify the source of any information provided to you by a seller and/or intermediary. If you are interested in selling your business, Jacob Zimmerman and Restaurants For Sale Online, LLC recommends you contact an intermediary that specializes in transactions similar to the respective business or real estate.