How do I find a restaurant for sale near me?
Use several channels together: listing sites with saved searches, brokers who specialise in restaurants, the suppliers and equipment reps who hear first, and polite direct approaches to owners you admire. Read blind listings carefully, because they hide the name but still describe the business.
Restaurants change hands in more ways than a listing site shows. Some are advertised, some are sold quietly through a broker, and some move because a supplier mentioned that an owner was tired. If you want a place in your own area, work several channels at once and keep a short list of what you are looking for.
Listing sites and saved searches
Set up a saved search for your area and for neighbouring towns, and check it often. Good places can go quickly. Write down your must-haves before you look, such as seating, kitchen size and whether a liquor service is involved, so you can reject the rest without regret.
Restaurant brokers
A broker who works in restaurants may know of sales that are not advertised. Tell them what you want and what you can finance, and expect them to ask for a confidentiality agreement before sharing details. This page on working with a broker shows how the seller’s side sees it.
Suppliers and equipment reps
Food distributors, equipment servicers and linen drivers visit dozens of kitchens. They notice owners who are slowing down. Be friendly, say what you are looking for and do not ask them to break anyone’s confidence.
Approaching an owner directly, and blind listings
If you admire a place, a short, respectful note to the owner can open a conversation. A blind listing hides the name but usually describes the type, area and size, so ask the broker what it can share once you sign the confidentiality agreement. Your lawyer can read that agreement before you sign.
Related reading
15 pages on the same subject, grouped by topic.
Buying
- Expert answerHow do I find businesses for sale by owner in Canada?
- Expert answerShould I renovate a restaurant right after I buy it?
- Expert answerWhat are the red flags in a business for sale?
- Expert answerWhat if the equipment turns out to be leased, not owned?
- Expert answerHow do I find a cidery for sale in Canada?
- Expert answerHow do I find a kombucha business for sale?
- Expert answerHow do I find a taco shop or burrito restaurant for sale in Canada?
Selling
- Expert answerShould I sell my restaurant through a broker who specialises in restaurants?
- Expert answerHow does selling a business actually work, start to finish?
- GuideSelling a restaurant in Canada
- GuideSelling a quick-service restaurant in Canada
- GuideSelling a full-service restaurant in Canada
- Expert answerShould I sell my restaurant as a going concern or just sell the equipment?
- Expert answerHow long does it take to sell a business in Canada?
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentWorking with a broker to find a business to buy
- 02Business Development Bank of CanadaGovernmentWhat are the steps to buying a business?
- 03Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
- 04Restaurants CanadaIndustryRestaurants Canada - The Voice of Foodservice
Deavo is an advertising and listings platform, not a brokerage, law firm or valuation firm. This page is general information, not legal, tax, accounting or valuation advice, and rules differ by province. Confirm anything you rely on with a qualified professional before you act on it.