Auxo Firm Directory · Independent Research Profile

Texas Restaurant Advisors

Established in 2018, Texas Restaurant Advisors focuses on restaurant and hospitality transactions, including sales, acquisitions, business brokerage, and related commercial real estate. Its publicly described process includes financial review, valuation, confidential marketing, buyer screening, LOI and asset purchase agreement support, and closing assistance.

Key takeaway

Texas Restaurant Advisors LLC is a restaurant-focused business brokerage firm established in 2018.

It publicly offers sell-side, buy-side, landlord, and tenant representation for restaurants, bars, clubs, caterers, venues, and related commercial real estate, with examples of completed listings in North Texas.[1][2][3][4][6]

What does Texas Restaurant Advisors do?

Texas Restaurant Advisors LLC is a business brokerage firm established in 2018 to help buyers and sellers navigate restaurant sales and acquisitions. The firm specializes in restaurants, bars, clubs, caterers, venues, and related commercial real estate.[1]

The firm publicly offers sell-side, buy-side, landlord, and tenant representation. Its stated services include restaurant sales and acquisitions, buyer qualification, financial-statement review and recasting, pricing opinions using market multiples and comparable businesses, confidential marketing, NDA-controlled information sharing, LOI and asset purchase agreement support, and assistance with restaurant locations, asset sales, and new or second-generation spaces.[1][2][3]

Owners comparing intermediaries can also review Auxo’s business broker, M&A advisor and investment bank comparison, advisor-selection guide, and M&A advisor fee guide.

Public size / criteria information
The FAQ states that independent going-concern restaurant valuation multiples generally range from 1 to 3 times and sometimes 4 times owner earnings. It states that asset-sale pricing is typically based on fair market value of assets or 15% to 35% of gross sales, and that EBITDA is used for businesses with earnings in excess of $1 million. The FAQ also references the Main Street Market as businesses under $5 million in revenue, without stating that this is an exclusive firm mandate.[2]

What should a business owner evaluate before hiring Texas Restaurant Advisors?

An owner evaluating the firm should confirm which legal entity and licensed broker will sign the engagement agreement, and should review the exact fee, minimum, rollover, tail, termination, and expense provisions. The FAQ does not specify engagement-specific expenses, tail provisions, or how real estate and inventory are treated in the fee calculation.

Owners should also clarify the valuation treatment of SDE, EBITDA, gross sales, asset value, and real estate; buyer qualification and proof-of-funds procedures; marketing channels; confidentiality controls; and the handling of leases, inventory, and seller financing. The public process describes financial review, valuation, marketing, buyer screening, LOI, asset purchase agreement, and closing support. The FAQ does not specify engagement-specific expenses, tail provisions, or how real estate and inventory are treated in the fee calculation.[2][3]

01

Which legal entity and licensed broker will sign the engagement agreement

The Contact page presents Texas Restaurant Advisors alongside bigInk Commercial Real Estate, identifies relevant credentials or affiliations, and does not provide a firm-level TREC license number or organization-level regulatory identifier.[4]
02

What exact fee, minimum, rollover, tail, termination, and expense provisions apply

The Process page states that sellers typically enter a six-month service agreement with a six-month rollover period. The FAQ states a 6% to 10% fee or $5,000 minimum for a successful transaction and does not specify engagement-specific expenses or tail provisions.[2][3]
03

Is the stated 6% to 10% fee calculated on business value, real estate, inventory, or total consideration

The FAQ publishes general fee guidance but does not specify the treatment of real estate and inventory in the fee calculation.[2]

What size transactions does Texas Restaurant Advisors handle?

The firm’s public process describes financial review and recasting, a price opinion based on market multiples and comparable businesses, marketing, buyer screening, LOI and asset purchase agreement support, and assistance through closing. Its FAQ publishes general valuation and fee information.

Official listings marked Sold include a two-restaurant transaction with real estate in Tarrant County, a franchise pizza delivery business in Collin County, and a 3,400-square-foot second-generation restaurant asset sale in Fort Worth.[2][3][6][7][8]

Texas Restaurant Advisors focuses on restaurant sales and acquisitions, including going-concern businesses, franchise operations, asset sales, and transactions involving related commercial real estate. The firm’s public offering also includes landlord and tenant representation.[1][2][6][7][8]

Official materials describe the firm’s market as Texas and North Texas. Listing examples are located in Collin County, Tarrant County, and Fort Worth.[3]

What does Texas Restaurant Advisors publicly disclose about fees and engagement terms?

The Tarrant County two-restaurant sold listing does not disclose the buyer identity or closing date.

The Contact page does not provide a firm-level TREC license number or organization-level regulatory identifier. The FAQ publishes general fee guidance but does not specify engagement-specific expenses, tail provisions, or treatment of real estate and inventory in the fee calculation.[2][4][6]

The official Contact page presents Texas Restaurant Advisors alongside bigInk Commercial Real Estate and identifies Certified Business Intermediary and International Business Brokers Association credentials or affiliations. The About page states that Aaron Evans is a licensed real estate agent in Texas and is a member of IBBA, M&A Source, NAR, and TAR.

The Contact page does not provide a firm-level TREC license number or organization-level regulatory identifier.[4][5]

The seller process includes reviewing and recasting financial statements, developing a price opinion, marketing the business, screening buyers, supporting an LOI and asset purchase agreement, and assisting through closing. The Process page states that sellers typically enter a six-month service agreement with a six-month rollover period.

The FAQ states that normal fees are 6% to 10% of the sale price or $5,000, whichever is greater, for a successful transaction, and that there are no upfront listing fees.[2][3]

Questions to ask before hiring Texas Restaurant Advisors

Which legal entity and licensed broker will sign the engagement agreement?
The Contact page presents Texas Restaurant Advisors alongside bigInk Commercial Real Estate, identifies relevant credentials or affiliations, and does not provide a firm-level TREC license number or organization-level regulatory identifier.[4]
What exact fee, minimum, rollover, tail, termination, and expense provisions apply?
The Process page states that sellers typically enter a six-month service agreement with a six-month rollover period. The FAQ states a 6% to 10% fee or $5,000 minimum for a successful transaction and does not specify engagement-specific expenses or tail provisions.[2][3]
Is the stated 6% to 10% fee calculated on business value, real estate, inventory, or total consideration?
The FAQ publishes general fee guidance but does not specify the treatment of real estate and inventory in the fee calculation.[2]
How are SDE, EBITDA, gross sales, asset value, and real estate handled in the valuation?
The FAQ describes valuation approaches based on owner earnings, gross sales, asset fair market value, and EBITDA for businesses with earnings in excess of $1 million.[2]
What buyer qualification and proof-of-funds procedures are used?
The seller process includes screening buyers, while the public process does not establish the specific qualification or proof-of-funds procedures used for each engagement.[3]
Which marketing platforms and buyer networks will be used, and how is confidentiality controlled?
The seller process includes marketing the business and screening buyers, and the firm’s stated services include confidential marketing and NDA-controlled information sharing.[1][3]
What recent completed transactions can be discussed under NDA, including closing dates, buyer types, consideration structure, and seller references?
Official listings marked Sold provide representative transaction descriptions, but the Tarrant County two-restaurant listing does not disclose the buyer identity or closing date.[6][7][8]
If real estate or a lease is involved, which entity handles the real-estate brokerage work and how are commissions allocated?
The firm publicly offers landlord and tenant representation and specializes in transactions involving related commercial real estate, while the FAQ does not specify how real estate is treated in the fee calculation.[1][2]

Sources & research notes

Public-source research
  1. Official website / firm overview
  2. Services / capabilities
  3. Investment approach
  4. Structure / regulatory context
  5. Structure / regulatory context
  6. Transaction / portfolio evidence
  7. Transaction / portfolio evidence
  8. Transaction / portfolio evidence
Prepared and reviewed by: Auxo Capital AdvisorsEvidence standard: Public-source verification

How this profile was researched

Auxo profiles are prepared from publicly available primary and authoritative sources and reviewed for entity identity, factual support and disclosure consistency. When a fact cannot be supported by the reviewed public record, the profile identifies it as something to confirm directly rather than inferring it.

Independent profile & regulatory context

Independent research profile

This profile was prepared by Auxo Capital Advisors from publicly available information believed to be reliable and is provided solely for informational and educational purposes. It is not an endorsement, recommendation, ranking, solicitation, or representation regarding the profiled firm, its services, qualifications, transaction experience, regulatory status, financial condition, or suitability for any particular person, company, transaction, or investment.

Information obtained from third-party and public sources may be incomplete, inaccurate, outdated, or subject to change, and Auxo Capital Advisors makes no representation or warranty, express or implied, as to its accuracy, completeness, or timeliness. Readers should conduct their own independent diligence and consult appropriate professional advisers before engaging any advisor, intermediary, investor, lender, acquirer, or other transaction counterparty.

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