How to Comp a Restaurant? What Documents should I ask for?

[Tenisha Walker]

Questions in uncertain of. I don’t see no other restaurants around the area of interest, so how do you go about dealing with comps for restaurants? Small diners at that.

Also like what are documents I should ask for that potential buyers may want to know with buying a restaurant?

[Paul Cattin]

Are you buying the restaurant or real estate with restaurant as a tenant? If the latter, I would ask for a rent roll and/or lease to understand you annual income after all expenses (NOI). If it is vacant, you will want to look at the value in the building vs the land and find similar comps in those regards. Happy to answer further when if I can understand the remainder of the story.