How do I show a buyer my equipment distributor’s restaurant customers will stay?
Show who your customers are, how long they have bought from you, and what they buy besides one-off equipment, such as parts, service and repairs. Add references you can share once a buyer is serious, and be frank about restaurants that close or move on.
Restaurants open and close often, so a buyer will ask how steady your customers really are. Prepare a list of accounts with the time each has been buying, what they purchase and whether they come back for service, parts or replacement units. Customers who rely on your repair work are more likely to stay than those who made a single purchase.
Then show why they stay. Is it your response time, your technicians, the financing you arrange or your relationships with the equipment makers? Include examples and any written comments. Be open about turnover: some restaurants will close, and a buyer can plan for that if you show how you replace them.
Think about the relationships. If a few chefs or owners deal only with you, plan the introductions. A short, joint visit or call can help. Industry groups such as restaurant associations publish general information on how the sector buys, but your own records are better evidence. Your accountant can help present account history, and your lawyer can advise on sharing customer details and on any financing agreements with customers.
Key takeaways
- Prepare an account list showing tenure and what each customer buys.
- Highlight service and parts business, which tends to bring customers back.
- Be frank about closures and plan introductions for personal relationships.
- Arrange a short joint visit or call with your largest accounts, so the introduction comes from someone they trust.
Related reading
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Financing
Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernment7 steps to increase your business’ value—before you sell it
- 02Business Development Bank of CanadaIndustryHow to sell your business
- 03Restaurants CanadaIndustryRestaurants Canada - The Voice of Foodservice
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