Now that the New Year has started many business owners are reflecting on their positions and whether it is time to sell their business. Since the recession of 2008 there has never been a better time to sell your business, and at present we are in a seller’s market.
These are the harshest of times for the casual dining industry. Much like it is elsewhere on the beleaguered high-street, it seems that every week brings headlines of another restaurant business becoming insolvent or making mass closures. The past few months alone have seen established names such as Prezzo, Byron, Gaucho, Jamie’s Italian, Côte Brasserie and Strada close numerous outlets. Meanwhile, Carluccio’s is undergoing an insolvency process (a Company Voluntary Arrangement) to try to rescue itself.