We talk to lots of restaurant owners and we are hearing
many comments that the economy is improving.
At Atlanta Restaurant Exchange, we have been busier
than ever. People are realizing the the window of opportunity
to pick up Great Restaurants at Bargain Prices is slowly closing.
Following is an article from the Atlanta Journal Constitution
with the most positive news to date.
This has been a LONG and Arduous year for many people,
and just the prospect of positive movement is bringing
people out of the woodwork ready to make a deal.
Bargain Basement Pricing on Commercial and Residential
properties is coming to a close.
Now is the Time for Action!
Leading Economic Index up in May for second consecutive month
A closely watched economic index in May
showed the largest jump in more than five years,
a promising sign that the worst of the recession may be over.
The Conference Board’s Leading Economic Index
for the U.S. increased by 1.2 percent in May, following
a 1.1 percent increase in April and a 0.3 percent decline in March.
The LEI projects economic activity for the next three to six months.
Ken Goldstein, an economist at the New York-based research group,
said confidence in the economy is beginning to improve.
“Confidence is rebuilding, and financial market volatility is abating,” he said.
“Even the housing market appears to be stabilizing.
If these trends continue, expect a slow recovery
beginning before the end of the year. However,
employment will take longer to turn around.”
In addition to gains in the LEI for the second consecutive month,
the strengths among its components continued to exceed the weaknesses this month.
Vendor performance, interest rate spread, real money supply,
stock prices, consumer expectations and building permits
contributed positively to the index, more than offsetting
the negative figures in weekly hours and initial unemployment claims.
The index rose by 1.2 percent (a 2.4 percent annual rate)
between November 2008 and May 2009, the first time
the index has been positive for a six-month period since April 2007.
The strengths among the leading indicators
became balanced with the weaknesses during this period.
If you have beeen watching and thinking about buying a restaurant,
now is the time to take action. We have offers on most of our
“Close Out” priced restaurants, and others will increase in
price and value as operators benefit from higher customer counts
and increased sales.
Atlanta Restaurant Exchange – 404-892-4999
Commercial Catering For Sale – Catering Operation For Sale – Commercial Kitchen
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