Restaurant Buyer Activity For Third Quarter 2009 Shows Positive Signs Nationwide

Share Article

Nationwide restaurant buyer activity in the third quarter has grown considerably over the first 2 quarters of the year and versus the same period one year ago. Buyer activity is a good indication that offers are beginning to come in and a good sign for improvement in deal activity in the next 6 to 12 months.

Past News Releases

RSS

Restaurants For Sale Online - the source for buying and selling restaurants - announced today that nationwide buyer activity in the third quarter has grown considerably over the first 2 quarters of the year and versus the same period one year ago. Buyer activity is a good indication that offers are beginning to come in and a good sign for improvement in deal activity in the next 6 to 12 months.

The third quarter buyer registrations on the website represented 1,026 new buyers with an estimated $344 million dollars of cash available. This is a 39% surge over the prior quarter both on number of buyers and cash available, and over 33% increase over the third quarter of 2008.

Website traffic was up a modest 1.1% over last year's third quarter. Given the increase in buyer registration numbers with the slight increase in traffic, these figures are very encouraging that buyers are coming back to the deal table and are more serious about pursuing a restaurant acquisition.

Average time spent on the website by a user session for the third quarter of 2009 was up over 23% from the year prior at over 11 minutes. This is another good sign that transaction activity should begin picking up in the near-term as buyers are spending more time looking at potential deals.

For the quarter ending September 30, 2009, the five regions all reported substantial increases in new buyer registrations compared to the second quarter of 2009, and the same period in 2008.

Midwest:
51.9% increase over Q2 2009
60.3% increase over Q3 2008

Northeast
50.9% increase over Q2 2009
49.8% increase over Q3 2008

South
45.8% increase over Q2 2009
30.9% increase over Q3 2008

West
37.2% increase over Q2 2009
36.7% increase over Q3 2008

International
18.0% increase over Q2 2009
36.7% increase over Q3 2008

The Restaurants For Sale Online website, available at restaurants-for-sale.com, covers all restaurant food service categories, including restaurants, bars, pubs, nightclubs, cafes, delis, ice cream shops, juice bars, catering services, and other food and beverage outlets. At the end of September 2009, Restaurants For Sale Online has registered over 30,000 buyers with an estimated $12 billion of cash available and has marketed more than $6 billion of listings since inception.

About Restaurants For Sale Online

Restaurants For Sale Online is the source for buying and selling restaurants, bars and nightclubs listing thousands of listings each year. Over the last 10 years thousands of users including, restaurant owners, business brokers, and commercial real estate agents, that have tried to sell a restaurant or lease a restaurant space have used the service with success.

###

Share article on social media or email:

View article via:

Pdf Print

Contact Author

Jacob Zimmerman
Visit website