Last month, Monroe Moxness Berg’s Chris Mumm moderated a panel presentation that offered restaurant owners tips to maximize the selling value of their business and help ensure a smooth transaction. The presentation – a breakout session at the 2024 Restaurant Finance & Development Conference (RFDC) – took place on November 12, 2024, at the Fontainebleau Las Vegas. The RFDC is an annual event that focuses on the business side of the restaurant industry.
Titled “Planning an Exit in 2025? Hear Strategies to Maximize Your Selling Value” the presentation featured panelists Mike Elliott, Peak Franchise Capital; David Stiles, Citizens M&A Advisory; Todd Patrick, Grant Thornton; and Andy Abbajay, Wild Eggs.
A lively discussion, the panelists shared many insights including how it can be helpful to the success of a transaction to consider how a buyer might evaluate a deal. Panelists recommended sellers have a deep understanding of their financial story and ensure sales and payroll taxes are up to date. They shared that a key value driver is the maintenance of assets – and that good and transparent communication throughout a transaction can help the process go more smoothly.
Watch a recording of the presentation here: