Restaurant Checklist

1. Name of Business
2. Address and phone number
3. Name of owner(s)
   
   • Address and phone numbers
4. History of the facility
5. Seating (bar, lounge, dining room, waiting area)
6. Parking spaces on site/off site
7. Demographics
   • Population 1-3-5 mi. daytime/night-time
   • Growth rate
   • Income
   • Median age
   • Occupation profile
8. Signage (visability)
9. Traffic county & major arteries
10. Traffic generators
    • Theatres
    • Hotels
    • Office buildings
    • Downtown
    • In-town shopping
    • Colleges
11. Get snap-shots of interior/exterior
12. Positioning of business
    • Menu items
    • Menu prices
    • Lunch counts
    • Dinner counts
    • CK. average
    • Marketing survey
    • Customer survey
    • Type of advertising promotion
13. Abstract of Lease
    • Verbal agreement
    • Any anticipated problems with assignment
14. Zoning, any restrictions
15. The prescence and effect of any barriers to movement, such as rivers, railroad lines, social transitions.
16. Operational Statement
    • Sales
    • Costs
17. Personally inspect for:
    • Outside landscaping
    • Inside
    • Equipment
    • Tonnage of air conditioning
    • Check for gas, electric, water, sewage, cable TV
    • Fire sprinklers
    • Type of construction
    • Deferred maintenance
18. List of FF&E to be included in sale.
19. Liquor license assignment/availability
20. Check with building depart./health depart./fire depart.
21. Determine sales price and terms
22. Areas to improve business
23. Owners reason for selling
24. Prepare financial package
    • Pro-forma of business
    • Conversion/remodeling expense
    • Return of investment
    • Internal rate of return
    • Payback period
    • Break-even
    • Net profit
25. Prepare marketing package
    • Target potential users
26. Market Property.