Right Time to Sell Your Agoura Hills, California Restaurant?

After years of hard work, you have decided to sell your Agoura Hills, California restaurant

Contemplating starting a new eatery, moving, or maybe retiring. Regardless of the reason, selling a Agoura Hills, California restaurant can be a lot more complicated than you might think. This is because it takes careful preparation and a solid strategy to successfully exit with enough money for all the sweat you’ve put into it.

Necessary Actions to Consider in Selling Your Restaurant

You may either think to hire a eatery broker to guide you in selling your Agoura Hills, California restaurant or do the task yourself. If you are considering selling your Agoura Hills, California restaurant on your own for the first time or with a restauarant broker, here are some tasks you can expect.

#1 Gather any Important Paperwork

This is a necessary preparatory step to make when you commence the process of offering your Agoura Hills, California restaurant.

The necessary documents may vary from state to state--even in California, but the following is a list of a few standard documents you may need to have prepared:

• A list of your assets
• Lease documentation
• Your licenses (e.g., liquor license, business license, etc.)
• Copies of health inspection documentation
• Architectural plans
• Financial statements and other important financial documents

Corbett Restaurant Group has the experience to help you in the sale of your Agoura Hills, California restaurant. Call today for a no-obligation consultation at (888) 266-5182.

You probably do not want to show the majority of these documents to a potrntial buyer day one. However, you should have them at hand because you will eventually need them during the sales process.

In addition, compiling these documents allows you to see your Agoura Hills, California restaurant through the lens of a buyer. This provides you a clear image of the Agoura Hills, California restaurant you are selling. Furthermore, it allows you to identify if there are any areas you'll have to take care of.

#2 Put Your Financial Records in Order

Your financial records are a crucial aspect of selling your Agoura Hills, California restaurant. That’s why you should make it a priority to make your documents complete and well organized.

Offering your financial records to prospective buyers may help clear any doubt they may have regarding your Agoura Hills, California restaurant.

The financial documents could include:

• Inventory of equipment and assets
• Profit and loss statements
• Tax records
• Cash transactions
• Bank statements

Also, ensure you have duplicate copies of all of these documents. This will make it easier for you to send the information to possible buyers.

Also, as a seller, you have to disclose information such as debts, owed taxes, expected repairs, etc. Failure to inform a buyer regarding these things may create legal problems for you if a buyer later discovers these liabilities after sealing the deal.

#3 Gather the Information On Your Commercial Lease

In the process of preparing to sell your Agoura Hills, California restaurant, you need to understand of your commercial lease. It would be disappointing if, after attracting a buyer, your lease ends up preventing you from closing the deal.

For this reason, it is advisable to talk to your landlord regarding your plan to sell your Agoura Hills, California restaurant and to possibly extend your lease.

#4 Get An Appraisal For Your Restaurant

Buyers and investors could request an detailed analysis of your financials, whether favorable or not, this helps them estimate the true value of your Agoura Hills, California restaurant.

This will be in your best interest to make sure that you augment sales and make a reduction in your expenses to build your cash flow planning to sell your Agoura Hills, California restaurant.

The estimated time it may take to sell a Agoura Hills, California restaurant is six months. Within those six months, there is a lot you can do to increase your profit and reduce several costs, and therefore strengthen the value of your Agoura Hills, California restaurant.

In addition, with regards to your assets, you'll to understand the depreciation involved. Everything depreciates, so it’s best to individually estimate your assets.

This may aid you in deriving the overall value of your Agoura Hills, California restaurant. When you understand the overall value this could help you come up with a selling price.

#5 Increase Curb Appeal

The appearance of your Agoura Hills, California restaurant will go a great distance in helping you bring potential buyers. Alternatively, if the general curb appeal of your Agoura Hills, California restaurant does not appeal to buyers, they likely take a pass right off the bat.

To avoid this from happening, all things in and out of your Agoura Hills, California restaurant must be clean. Landscaping and a clean parking area may help create appeal for prospective buyers.

Spot-free windows, polished handles and a neat floor are other easy items that could help create a great first impression.

Furthermore, you should make sure all your equipment is in satisfactory condition. If your equipment is not working properly, it could send the message that you're hurried to pass a bad deal to the buyer.

Faulty equipment could raise doubt about your financial status and output capabilities. It could even dampen the morale of your staff, which in turn, negatively affect your productivity and effect your profit and loss statement.

You should look credible in order to build the confidence of potential buyers concerning purchasing your Agoura Hills, California restaurant.

#7 Search for Agoura Hills Buyers

Marketing to prospective buyers can be time-consuming and often requires specific skills and a certain level of expertise. This may demand that you hire an experienced Agoura Hills, California restaurant broker to help. A professional Agoura Hills, California restaurant broker will have recommendations for saving time for attracting more potential buyers. However, if you decide to take on this task alone, you will need to create proper advertising. You can offer your Agoura Hills, California restaurant on business websites and tell family and friends about your plans to market for sale your Agoura Hills, California restaurant.

As you will probably run across competition when trying to sell your Agoura Hills, California restaurant, you need your restaurant to stand out.

#8 Be Prepared

Whether you decide to sell your Agoura Hills, California restaurant yourself, or with a a Agoura Hills, California restaurant broker, you should always be ready. Be prepared to show your Agoura Hills, California restaurant to potential buyers at all times.

You'll never know when a buyer will visit your Agoura Hills, California restaurant. Some buyers might even visit as customers in order to carry out some research before reaching out to you.

#9 Sell Your Agoura Hills, California Restaurant

This is the remaining action to take after a successful negotiation with a buyer. This stage involves the presentation of the important documentation to finalize the contract. The documentation often begin with the Asset Purchase Agreement.

You may need your attorney’s expertise in creating this document. Involving an attorney is recommended to ensure the Asset Purchase Agreement covers every aspect of the transaction.

This document includes details such as the selling price of your Agoura Hills, California restaurant, assets and equipment and inventory value.

Choosing a Agoura Hills, California Restaurant Broker

While attempting to sell your Agoura Hills, California restaurant on your own can be an exhilarating endeavor, it could also be very risky, especially for first-timers.

It's true, if you're looking to achieve the most from of the business deal, you need some level of experience to stand out against the cometitors while attempting to attract buyers.

Experience is also vital during negotiations with prospective buyers. This is when an experienced Agoura Hills, California restaurant broker is needed. A Agoura Hills, California restaurant broker has the resources, experience and strategy required to easily take on the task of selling your Agoura Hills, California restaurant. Additionally, a restaurant broker will liekly help you sell quicker and get you a higher sale value.

With the assistance of a Agoura Hills, California restaurant broker, you can focus your undivided attention on operating your Agoura Hills, California restaurant and rest assured with the knowledge that a professional is in charge of selling your Agoura Hills, California restaurant.

Contact a Agoura Hills, California Restaurant Broker

Choosing to sell your Agoura Hills, California restaurant through a Agoura Hills, California restaurant broker has several advantages. First, however, you need to select the best Agoura Hills, California restaurant broker to assist you in selling your Agoura Hills, California restaurant.

At Corbett Restaurant Brokers, we consider it our honor to represent you in the sale of your Agoura Hills, California restaurant. And, we work harder than any other Agoura Hills broker to secure the best deal for your restaurant and at the highest sale value.

Contact Corbett Restaurant Group today and let us help you sell your Agoura Hills, California restaurant for a great price.

Agoura Hills Zip Codes We Support: 91301, 91376