when a restaurant posted for sale, does it mean the whole property or just the business (i.e. eqip. FFE etc.)

I want to understand the numbers on the "for sale" and "for rent/lease"
In Leasing Property - Asked by Jay J. - Jul 21, 2011
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Answer(s)

Chris F.
Broker/Agent
Salem, OR

Best person to ask is the person selling it, either the owner or the broker. I have seen it both ways and you can't know exactly until you just make the call.
Good luck

Jul 21, 2011
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Rosalind N.
Broker/Agent
Warwick, RI

Usually in the sale of real estate and business there are 2 separate corporation. One holds the business assets and one the real estate. Often the real estate Corporation charges rent to the business corporation. This shows up on Business P&L's and IRS statements as rent. And on the real estate corporation as gross revenues to the real estate corporation.
Rosalind Newton, Principal Broker
Hewitt, Newton Associates
Consultants and Business Sales Intermediaries
Franchise Sales & Acquisition Consultants
Licensed Real Estate Brokers RI & MA.

Jul 21, 2011
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Chris R.
Broker/Agent
Denton, TX

In either case - sale or lease - the status of FF&E needs to be clear as to whether it is included or not and if it is - there should be a list of the FF&E that is part of the deal. Sometimes it is excluded - in whole or in part. Sometimes it is offered as an option - can be in whole or in part, can be offered for sale if desired - again - in whole or in part. You would have to ask the seller or seller's agent for specifics. Such info should be readily apparent in the marketing material. You will also want to make sure if some or all of the FF&E is under a lease - ie: commercial dishwashers are often "leased" equipment and thus if you take it - you assume the obligation of the lease. Can apply to other equipment as well. Ask for clarification so that you will know.

Jul 22, 2011
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Montana S.
Broker/Agent
Scarsdale, NY

A business is not real property, it is personal property. Therefore, a business sold without real property should not be listed on the MLS. However, commercial leases can be listed on the MLS. I have listed properties with busineses for sale, distinquishing the differences between the two entities.

Aug 12, 2011
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