Hospitality – Restaurants and Hotels
Hospitality businesses are the most frequent form of entrepreneurship in the United States. This entrepreneurship can take the form of an espresso stand, concession booth, café, franchised business, pizzeria, diner, ethnic restaurant, fine dining establishment, pub, tavern, nightclub, bed & breakfast, or hotel. Our past transactions in this market niche have included businesses in all the above identified categories and many variations not listed. We have sold businesses with real estate included in the transaction and ones where a lease needs to be negotiated or an assignment facilitated. We have sold restaurants in small communities and large metropolitan areas and all places in between.
This legacy of completed transactions was established by IBA because our professionals have the transactional experience and market knowledge required to properly evaluate, market, and negotiate transactions in this foundation segment of the American economy.
The following are some specific examples of hospitality industry transactions completed by IBA:
Mulleady’s Irish Pub
House on the Hill Hotel
Taco Del Mar
Rocking Horse Bakery
The Cook’s Shop
Jaeger’s Sports Pub
Earl’s on the Ave
Casa de Blanca
Big Apple Bagels
IBA has also facilitated a spectrum of transactions involving manufacturing, distribution, and service companies serving the hospitality industry.
“I can’t praise IBA and Oliver Kotelnikov enough in thanking them for a very thorough and professional process in selling our business and real estate. Oliver guided us throughout the process with confidence, reassurance and a high level of integrity as we navigated through all of the steps in making a smooth transaction. Within a week or so of listing our business, Oliver had a couple of interested parties and within a short amount of time after that, he had secured a buyer. I would highly recommend IBA to anyone wanting to market their business!”
Stephen Mitchell, Retired Owner of the Rocking Horse Bakery
“When we decided to sell our business, our trusted accountant recommended IBA. Knowing we’d owned our restaurant for 14 yrs., he specifically referred us to Oliver Kotelnikov. Upon meeting with Oliver, it was apparent he was an experienced broker who was knowledgeable, patient, and excellent at always keeping us informed. When we felt ready to sell, Oliver had already developed a complimentary Business Evaluation which was carefully executed, and included his recommendation of what our business would sell for at “fair market” value.
After signing a Sale Listing Agreement with IBA, Oliver assisted us in countless ways, always available for questions, helping us walk through buyers, and keeping us aware of every necessary detail. Within 2 months we had an excellent buyer who offered full asking price. Then the real work began and Oliver’s extensive knowledge and expertise in completing the sale were invaluable! We would highly recommend Oliver to anyone wanting to sell their business. We could have never done it without him!”
John Alden, Retired Owner of John’s Grill
IBA has a reputation built over multiple decades in the Pacific Northwest for being a collaborative professional advisor in the hospitality industry. One organization where IBA serves as a resource and contributing member is the Washington Hospitality Association. The team of professionals at IBA that facilitate transactions in the hospitality industry welcome the opportunity to meet and talk with entrepreneurs seeking information about the process associated with selling or buying a privately held company or family business.