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Perhaps the first thing you should consider when deciding to buy a restaurant is to understand your true objective. As long as you are doing so because this type of business fits your strengths and experience, it's fine, but if it's a matter of it's always been a dream then think seriously because the failure rate is terribly high in these situations.
Now that we have that out of the way, there are some of the main considerations. The first part is a set of general considerations, you might already your own, or a proven concept and simply want to purchase the assets and location of a business. The second set of considerations are in addition to Part I and are to be evaluated if you are going to buy the business and all of its good will.
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