Why people keep buying restaurants

Despite a number of challenges, there remains plenty of demand for restaurants on the open market.

This week’s episode of the Restaurant Business podcast, A Deeper Dive, features Robin Gagnon, CEO and cofounder of We Sell Restaurants, to discuss the secondary market for restaurants.

That market remains strong. There are more buyers than there are sellers, driving up the price. This is especially true for quick-service restaurants. But there is plenty of demand for all kinds of concepts. The demand is strong despite high labor and food costs and the prospect of rising interest rates.