MRM EXCLUSIVE: Why You Need an Exit Strategy Even if Your Restaurant is Not for Sale

When you’re building a home, it’s both smart and legally required that you ensure that every room, floor, or structure has at least two doors, preferably on opposite ends of the space.

Why? Because, if something like a fire or other damage makes it impossible to get out one way, there needs to be another exit available for people to use. Having multiple available exits is not just a matter of convenience, but a matter of safety and common sense, too.

This well illustrates why restaurant owners need to consider establishing an exit strategy — a plan for eventually leaving or selling a restaurant. It’s is a common-sense part of smart entrepreneurship, and it offers a level of safety and peace of mind to what is inherently a risky proposition.

“But wait,” you’re thinking, “my restaurant isn’t for sale. I’m not even thinking of selling right now.” That’s ok. In fact, there’s no better time than right now to become familiar with the concept of an exit strategy and…