Ready to Sell Your Alhambra, California Restaurant?

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

Considering starting a new Alhambra, California restaurant, moving, or even slowing down. Regardless of the reason, selling your Alhambra, California restaurant can be way more complicated than you may realize. Thats because it takes careful preparation and a solid game plan to successfully get out with enough money for all the time you may have put into it.

Necessary Actions to Take when Selling Your Restaurant

You can either decide to hire a Alhambra, California restaurant broker to assist you in selling your Alhambra, California restaurant or take on the task yourself. If you are considering selling your Alhambra, California restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Gather any Business Paperwork

This is a necessary preparatory step to make when you commence the process of marketing your Alhambra, California restaurant.

The necessary documents may vary from state to state--even in California, but the following is a list of a few general documents you may find helpful to have ready:

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

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

It's probably best not to reveal the majority of these documents to a potrntial buyer first day. However, you should have them on hand because you will certainly need them during the sales process.

In addition, putting together these documents allows you to see your Alhambra, California restaurant through the lens of a buyer. It provides you a clear picture of the Alhambra, California restaurant you're selling. Furthermore, it helps you show if there are any loopholes you'll need to address.

#2 Get Your Financials in Order

Your financial documents are a crucial part of selling your Alhambra, California restaurant. This is why you should strive to make your documents complete and well organized.

Offering your financial records to possible buyers could aid clear any doubt they may have concerning your Alhambra, California restaurant.

Your financial documents may include:

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

Also, make sure you have soft copies of all of the documents. This could make it easier for you to transmit the information to prospective buyers.

Also, as a seller, you must disclose information such as debts, owed taxes, prospective repairs, etc. Failure to inform a buyer regarding these things may create legal issues for you if a buyer later on discovers these ommissions after signing the deal.

#3 Put Together the Information On Your Commercial Lease

In the process of preparing to sell your Alhambra, California restaurant, you must find out the terms of your commercial lease. It could be disappointing if, after securing a buyer, your lease prevents you from sealing the deal.

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

#4 Appraise Your Restaurant

Buyers and investors will often request an in-depth evaluation of your financials, whether favorable or not, this helps them evaluate the true value of your Alhambra, California restaurant.

This will be in your best interest to ensure that you increase sales and reduce expenses to build up your cash flow starting to sell your Alhambra, California restaurant.

The estimated time it takes to sell a Alhambra, California restaurant is 6 months. Within those six months, there are several things you can do in order to increase your profit and reduce several costs, and therefore increase the value of your Alhambra, California restaurant.

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

This may aid you in coming up with the overall value of your Alhambra, California restaurant. Understanding the overall value will help you settle on a selling price.

#5 Increase Curb Appeal

The appearance of your Alhambra, California restaurant can go a great distance in helping you attract potential buyers. Alternatively, if the overall aesthetic of your Alhambra, California restaurant does not look good to buyers, they might pass over without consideration.

To prevent this from happening, everything in and out of your Alhambra, California restaurant must be cleaned and maintained. Manicured and a clean parking area may help create appeal for prospective buyers.

Clean windows, polished handles and a neat floor are also small items that can help create a unforgettable initial impression.

Additionally, you should make sure all your equipment is in top condition. If your equipment is not working properly, it may convey the message that you are hurried to pass a bad deal to the buyer.

Non-functional equipment can raise doubt about your financial situation and production abilities. It can even dampen the excitment of your staff, which in turn, negatively affect your output and effect your profit and loss statement.

You should look credible in order to build the confidence of prospective buyers regarding buying your Alhambra, California restaurant.

#7 Search for Alhambra Buyers

Searching for prospective buyers can be time-consuming and often requires specific skills and a certain level of experience. This may require that you hire a professional Alhambra, California restaurant broker to help. A professional Alhambra, California restaurant broker will offer recommendations for saving time & money for attracting more prospective buyers. However, if you make the decision to handle this task alone, you will need to carry out appropriate advertising. You can show your Alhambra, California restaurant on business websites and tell family and friends about your plans to sell your Alhambra, California restaurant.

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

#8 Be Ready

If you decide to sell your Alhambra, California restaurant yourself, or with a a Alhambra, California restaurant broker, you need to always be ready. Be prepared to show your Alhambra, California restaurant to prospective buyers at all times.

You never know when a buyer could visit your Alhambra, California restaurant. Some buyers might even visit as customers just to carry out some research before contacting you.

#9 Sell Your Alhambra, California Restaurant

This is the last action to take following a successful negotiation with a buyer. This stage includes the presentation of the necessary documentation to complete the transaction. The documentation will usually begin with the Asset Purchase Agreement.

You should have your attorney’s expertise in creating this document. Working with an attorney helps to make sure the Asset Purchase Agreement covers every detail of the transaction.

This agreement includes details such as the selling price of your Alhambra, California restaurant, assets and equipment and inventory value.

Choosing a Alhambra, California Restaurant Broker

While attempting to sell your Alhambra, California restaurant on your own can be an exhilarating endeavor, it can also be quite risky, especially for first time sellers.

The fact remains, if you're looking to get the most out of the business transaction, you need some level of expertise to stand out against your cometitors while trying to find buyers.

Experience is also vital during negotiations with potential buyers. This is when an experienced Alhambra, California restaurant broker is recommended. A Alhambra, California restaurant broker has the resources, expertise and strategy needed to easily take on the task of marketing for sale your Alhambra, California restaurant. Additionally, a restaurant broker can help you sell faster and for more money.

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

Contact a Alhambra, California Restaurant Broker

Deciding to sell your Alhambra, California restaurant through a Alhambra, California restaurant broker has multiple advantages. First, however, you need to select the best Alhambra, California restaurant broker to assist you in selling your Alhambra, California restaurant.

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

Alhambra Zip Codes We Support: 91801, 91802, 91803, 91804, 91841, 91896, 91899