What financial mistakes could be quietly costing your restaurant thousands of dollars? Even when sales look strong, poor cost tracking, unchecked expenses, and financial habits that seem small in the moment can add up quickly and make it harder to see when your business is heading in the wrong direction.

In this episode, we're joined by returning guest Dan Engel, restaurant accountant and owner of Engel Accounting, to break down some of the most expensive mistakes he sees restaurant owners make. We discuss where owners commonly lose track of their money, which costs deserve closer attention, and why understanding your numbers gives you a chance to make changes before it's too late.

Whether you're running an established restaurant or evaluating the financial health of a business you want to buy, this conversation offers a practical look at the numbers behind restaurant profitability. Tune in to learn which financial habits can hurt your bottom line and where restaurant owners should be paying closer attention.

Get full show notes, resources, transcript, and more information here: https://www.therestaurantsalesbroker.com/60.

If you’re considering selling your business and would like a free consultation, reach out to patrickAndAndy@therestaurantsalesbroker.com or visit TheRestaurantSalesBroker.com to learn more.

Restaurant Deal Making EXPOSED! is the go-to podcast for restaurant buyers, sellers, and operators navigating the complex world of buying and selling a restaurant business. Hosted by restaurant brokers Patrick Totah and Andy Mirabell, each episode delivers expert insights into buying an existing restaurant, selling a restaurant business, restaurant transactions, and the operational strategies that impact restaurant value. Whether you're buying a bar or restaurant, preparing to sell, or looking to maximize your business’s worth, this podcast gives you the insider knowledge you need to make smarter restaurant deals.

When negotiating a restaurant deal, how do you know when to stand your ground and when to let something go? Buyers can spend so much time negotiating small details that they risk losing sight of the issues that can actually affect the success of the business.

In this episode, we break down what really matters when negotiating a restaurant acquisition and where buyers can sometimes go too far. We look at the difference between protecting your interests and overnegotiating, why it's important to consider the deal from both sides, and the five things buyers should prioritize during a transaction.

Whether you're buying your first restaurant or your fifth, knowing what deserves your attention can help you avoid unnecessary disputes and make stronger decisions throughout the process. Tune in for practical advice on approaching negotiations with realistic expectations and recognizing when pushing for more could put a good opportunity at risk.

Get full show notes, resources, transcript, and more information here: https://www.therestaurantsalesbroker.com/59.

If you’re considering selling your business and would like a free consultation, reach out to patrickAndAndy@therestaurantsalesbroker.com or visit TheRestaurantSalesBroker.com to learn more.

Restaurant Deal Making EXPOSED! is the go-to podcast for restaurant buyers, sellers, and operators navigating the complex world of buying and selling a restaurant business. Hosted by restaurant brokers Patrick Totah and Andy Mirabell, each episode delivers expert insights into buying an existing restaurant, selling a restaurant business, restaurant transactions, and the operational strategies that impact restaurant value. Whether you're buying a bar or restaurant, preparing to sell, or looking to maximize your business’s worth, this podcast gives you the insider knowledge you need to make smarter restaurant deals.

What happens when the business you built for freedom starts controlling your life instead? Many restaurant and franchise owners find themselves working long hours, making every decision, and feeling like they can never truly step away. In this episode, we look at how owners can get out of that cycle and build a business that works for them.

We’re joined by business coach, speaker, and former multi-unit franchise executive Mike DeJong to discuss what he calls the “operator trap.” We explore the importance of systems, delegation, developing the right people, and defining what freedom actually looks like for you. Mike also shares his own experiences as a franchise owner and why having systems in place doesn’t automatically mean a business can run without you.

Whether you own a restaurant, operate a franchise, or are considering buying a business, this conversation offers practical guidance for building something that doesn’t depend on you for every decision. We also discuss how owner dependence can affect the value of a business and why thinking about your eventual exit should start long before you’re ready to sell.

Get full show notes, resources, transcript, and more information here: https://www.therestaurantsalesbroker.com/58.

If you’re considering selling your business and would like a free consultation, reach out to patrickAndAndy@therestaurantsalesbroker.com or visit TheRestaurantSalesBroker.com to learn more.

Restaurant Deal Making EXPOSED! is the go-to podcast for restaurant buyers, sellers, and operators navigating the complex world of buying and selling a restaurant business. Hosted by restaurant brokers Patrick Totah and Andy Mirabell, each episode delivers expert insights into buying an existing restaurant, selling a restaurant business, restaurant transactions, and the operational strategies that impact restaurant value. Whether you're buying a bar or restaurant, preparing to sell, or looking to maximize your business’s worth, this podcast gives you the insider knowledge you need to make smarter restaurant deals.