Restaurants are Acquisition Targets Despite Ongoing Challenges, Report Shows

Originally published on August 28, 2023 by Phillippa Maister for GlobeSt.com.

Restaurants have become attractive targets for acquisitions despite ongoing challenges with sales rising 10.3% over the previous year in the second quarter of 2023 following a 3.2% gain in Q1, according to BizBuySell, an online business for sale marketplace. Furthermore, restaurants that sold in Q2 generated more revenue and buyers paid more for them. 

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