Ready to Sell Your Agoura, California Restaurant?

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

Contemplating opening a different Agoura, California restaurant, relocating, or maybe slowing down. Regardless of the reason, selling a Agoura, California restaurant can be way more challenging than you might realize. Thats because it takes careful preparation and a solid strategy to successfully walk away with enough profit for all the sweat you’ve put into it.

Important Actions to Consider in Selling Your Restaurant

You may either think to hire a eatery broker to help you in selling your Agoura, California restaurant or take on the task on your own. If you are considering selling your Agoura, California restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Gather the Business Documentation

This is an important preparatory step to take when you begin the process of marketing your Agoura, California restaurant.

The required documents may vary from state to state--even in California, but below is a list of a few generalized documents you may be requierd 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 comes with experience to help you in the sale of your Agoura, California restaurant. Call today for a no-obligation consultation at (888) 266-5182.

It's probably best not to show the majority of these documents to a potrntial buyer day one. But, you should have them at hand because you will eventually need them during the sales process.

In addition, putting together these documents lets you view your Agoura, California restaurant through the lens of a buyer. It gives you a clear picture of the Agoura, California restaurant you are selling. In addition, it allows you to show if there are any loopholes you'll need to take care of.

#2 Get Your Financial Documents in Order

Your financial records are a crucial detail of selling your Agoura, California restaurant. This is the reason you should strive to make these documents accurate and organized.

Showing your financial documents to potential buyers could aid clear any hesitations they might have regarding your Agoura, California restaurant.

Your financial documents may include:

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

In addition, make sure you have soft copies of all of these documents. This will make it easier for you to send the information to possible buyers.

In addition, as the seller, you have to disclose information including debts, owed taxes, deferred repairs, etc. Failure to inform a buyer about these things may create legal problems for you if a buyer later discovers these liabilities after closing the deal.

#3 Put Together the Information On Your Commercial Lease

While preparing to sell your Agoura, California restaurant, you need to review of your commercial lease. It would be disappointing if, after securing a buyer, your lease ends up preventing you from sealing the deal.

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

#4 Appraise Your Restaurant

Buyers and investors will often request an detailed evaluation of your financial records, whether favorable or not, this helps with estimating the value of your Agoura, California restaurant.

It is therefore in your best interest to make sure that you increase sales and reduce expenses to build your cash flow planning to sell your Agoura, California restaurant.

The estimated time it may take to sell a Agoura, California restaurant is six months. Within those six months, there is a lot you can do in order to increase your profit and slash various costs, and thus strengthen the value of your Agoura, California restaurant.

In addition, when it comes to your assets, you need to understand the depreciation involved. Everything depreciates, so it’s best to individually value your assets.

This could help you in estimating the overall value of your Agoura, California restaurant. When you understand the overall worth this could help you determine a selling price.

#5 Make Your Restaurant Look Good

The first impression of your Agoura, California restaurant will go a long way in helping you bring potential buyers. Conversely, if the general look of your Agoura, California restaurant does not look good to buyers, they could pass over without a second look.

To prevent this from happening, everything in and out of your Agoura, California restaurant must be clean. Landscaping and a clean parking area could help create curb appeal for prospective buyers.

Spot-free windows, polished door handles and a neat floor are other small items that could help create a memorable initial impression.

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

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

You should appear credible in order to build the confidence of prospective buyers regarding purchasing your Agoura, California restaurant.

#7 look for Agoura Buyers

Looking for prospective buyers can be time-consuming and can require specialized skills and a certain level of expertise. This may demand that you hire an experienced Agoura, California restaurant broker to help. A professional Agoura, California restaurant broker will have recommendations for saving time & money for attracting more prospective buyers. However, if you decide to handle this project by yourself, you will need to create proper advertising. You can offer your Agoura, California restaurant on listing websites and tell family and friends about your intentions to market for sale your Agoura, California restaurant.

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

#8 Be Ready

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

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

#9 Sell Your Agoura, California Restaurant

This is the final action to take after a successful negotiation with a buyer. This stage includes the presentation of the important documentation to complete the transaction. The documentation will likely start with the Asset Purchase Agreement.

You should have your attorney’s expertise in drafting this document. Working with an attorney is recommended to ensure the Asset Purchase Agreement covers every detail of the transaction.

This document includes details including the selling price of your Agoura, California restaurant, items and equipment and inventory value.

Choosing a Agoura, California Restaurant Broker

Although trying to sell your Agoura, California restaurant on your own can be an exhilarating endeavor, it could also be very risky, especially for first time sellers.

It's true, if you're looking to achieve the most out of the business deal, you need some level of expertise in order to stand out against the cometitors while trying to find buyers.

Expertise is also vital during negotiations with potential buyers. This is where an experienced Agoura, California restaurant broker is recommended. A Agoura, California restaurant broker has the resources, experience and strategy required to easily take on the task of marketing for sale your Agoura, California restaurant. Additionally, a restaurant broker will liekly help you sell quicker and for more money.

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

Contact a Agoura, California Restaurant Broker

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

At Corbett Restaurant Brokers, we consider it our honor to represent you in the sale of your Agoura, California restaurant. And, we work harder than any other Agoura 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, California restaurant for a great price.

Agoura Zip Codes We Support: 91301, 91376