How do I sell my restaurant if I am also the head chef?
If you are the head chef, the buyer is partly buying you, so make the kitchen work without you before you list. Write down recipes and prep, train a sous-chef, show the kitchen running on your nights off, and offer a defined cooking handover. Agree the terms of that handover in writing.
When the owner is also the chef, a buyer asks one question quietly: what happens to the food when you leave? Answer it with evidence, such as written recipes, costed menus and a second cook who can run service. That takes months, not weeks, so start early.
Write down what is in your head
Record recipes with weights and methods, prep lists for each station, plating notes, ordering sheets and supplier contacts. Test each recipe by having someone else cook it from the page. If it comes out different, fix the page. A binder that works without you is a selling document.
Train a second cook who can lead
Promote or hire a sous-chef and give them real responsibility, including ordering and the line on busy nights. Buyers want to see that the person who runs service when you are away is steady, and ideally willing to stay. Ask your lawyer before offering staff anything tied to the sale.
Show the kitchen runs on your nights off
Take regular nights off and let the books and the guest reviews show what happens. Keep a simple record of those nights for your buyer. The page on reducing owner dependence covers the same idea for any business.
Offer a handover, in writing
Many buyers ask the seller to cook alongside them for a set period. Agree how long, how often, what you will be paid and what happens if either side wants out early. Ask your lawyer about your recipes and the rules on competing afterwards, and ask your accountant how any pay is treated.
Related reading
15 pages on the same subject, grouped by topic.
Selling
- Expert answerHow do I reduce owner dependence before selling?
- Expert answerCan I keep using my recipes after I sell my restaurant?
- Expert answerShould I sell my restaurant through a broker who specialises in restaurants?
- Expert answerHow can I sell my restaurant faster?
- GuideSelling a restaurant in Canada
- GuideSelling a full-service restaurant in Canada
- Expert answerWhat costs come with selling a restaurant?
- Expert answerShould I tell my suppliers I am selling?
- Expert answerHow does selling a business actually work, start to finish?
- Expert answerHow do I clean up my financial records before selling?
- Expert answerCan I change my mind about selling partway through?
- Expert answerHow long does it take to sell a business in Canada?
- Expert answerHow do I sell a meal prep business?
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernmentAdvice for succession planning - Articles and tools
- 02Business Development Bank of CanadaGovernmentHow to minimize negotiations when selling your business
- 03Business Development Bank of CanadaGovernmentHow to Find the Right Buyer for Your Business
- 04Restaurants CanadaIndustryRestaurants Canada - The Voice of Foodservice
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