Over the years Restaurants For Sale Online has listed thousands of restaurant, bar and nightclub opportunities. Upgrades to our system over the last 2 years have allowed us to compile all sorts of data to tell our users a little bit more about the results our service brings. When removing a listing from Restaurants For Sale Online, we have provided an exit survey to our users and we also extract listing exposure statistics based on the data our system stores. We received nearly 1,000 exit survey results from June 2005 through May 2006.
Of those surveyed nearly 60% said they sold their listing, and over 48% said that the listing had sold as a result of a lead from Restaurants For Sale Online.
Here are some other interesting results recorded in our survey.
Asking versus Sales Price
Average reported asking price for listings sold was $288,000
Average reported sales price for listings sold was $251,000
Over 88% of removed listings said YES – use us as a reference.
The average listing time on the website was 5.5 months (166 days)
The median listing time on the website was 4.2 months (126 days)
The average was viewed 2,352 times in the search results
The average listing profile was viewed over 573 times
Over 86% of listings received inquiries