Time to Sell Your Aliso Viejo, California Restaurant?

Following years of labor, you have made the decision sell your Aliso Viejo, California restaurant

Contemplating starting a new eatery, moving, or even retiring. No matter the reason, selling a Aliso Viejo, California restaurant can be way more complicated than you might realize. This is because it takes thoughtful preparation and a solid game plan to successfully exit with enough profit for all the time you’ve put into it.

Important Actions to Consider in Selling Your Restaurant

You can either make the decision to hire a eatery broker to guide you in selling your Aliso Viejo, California restaurant or take on the task yourself. If you are considering selling your Aliso Viejo, California restaurant on your own for the first time or with a restauarant broker, here are some tasks you can expect.

#1 Put Together any Important Paperwork

This is an important preparatory step to make when you start the process of selling your Aliso Viejo, California restaurant.

The necessary documents may vary from state to state--even in California, but below is a list of a few general documents you may be requierd to have prepared:

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

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You probably do not want to reveal all these documents to a potrntial buyer day one. But, you should have them ready because you will eventually need them during the sales process.

Also, compiling these documents lets you view your Aliso Viejo, California restaurant through the lens of a buyer. This provides you a clear image of the Aliso Viejo, California restaurant you're selling. In addition, it allows you to identify whether there are any loopholes you'll have to address.

#2 Get Your Financial Records in Order

Your financial documents are an important detail of selling your Aliso Viejo, California restaurant. That’s why you should make it a priority to make your documents complete and organized.

Offering your financial documents to possible buyers may assist to clear any hesitations they may have regarding your Aliso Viejo, California restaurant.

Your financial documents can include:

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

Also, ensure you have hard copies of all of these records. This will make it easier for you to transmit the information to possible buyers.

Likewise, as the seller, you have to disclose information including debts, owed taxes, expected repairs, etc. Failing to inform a buyer about these items may create legal problems for you if a buyer later on discovers these ommissions post completing the deal.

#3 Gather the Information On Your Commercial Lease

In the process of preparing to sell your Aliso Viejo, California restaurant, you need to review of your commercial lease. It would be disappointing if, after securing a buyer, your lease hinders you from closing the deal.

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

#4 Have Your Restauarant Appraised

Buyers and investors may request an detailed analysis of your financials, whether favorable or not, this helps them estimate the value of the Aliso Viejo, California restaurant.

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

The estimated time it may take to sell a Aliso Viejo, California restaurant is 6 months. Within the six months, there are many things you can do to increase your profit and slash various costs, and therefore strengthen the value of your Aliso Viejo, California restaurant.

In addition, when it comes to your assets, you need to understand the depreciation involved. Everything depreciates, so it’s a good idea to individually estimate your assets.

This will aid you in coming up with the overall value of your Aliso Viejo, California restaurant. If you understand the overall value this could help you determine a selling price.

#5 Increase Curb Appeal

The appearance of your Aliso Viejo, California restaurant can go a great distance in helping you attract potential buyers. Alternatively, if the general look of your Aliso Viejo, California restaurant does not look good to buyers, they might pass over immediately.

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

Clean windows, polished door handles and a presentable floor are also small things that can help create a unforgettable initial impression.

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

Faulty equipment could raise doubt about your financial situation and output capabilities. It may even lower the excitment of your employees, and in response, negatively affect your output and effect your profit and loss statement.

You should look credible in order to build the confidence of potential buyers regarding purchasing your Aliso Viejo, California restaurant.

#7 look for Aliso Viejo Buyers

Looking for prospective buyers is time-consuming and can require specialized skills and a certain level of experience. This may require that you hire an experienced Aliso Viejo, California restaurant broker to help. The professional Aliso Viejo, California restaurant broker will have recommendations for saving time for drawing in more potential buyers. However, if you decide to handle this project alone, you will need to create appropriate advertising. You can market your Aliso Viejo, California restaurant on business websites and tell family and friends about your plans to sell your Aliso Viejo, California restaurant.

As you will probably come across competition when trying to sell your Aliso Viejo, California restaurant, you need your restaurant to stand out.

#8 Be Ready

Regardless if you decide to sell your Aliso Viejo, California restaurant yourself, or with a a Aliso Viejo, California restaurant broker, you need to always be prepared. Be prepared to show your Aliso Viejo, California restaurant to prospective buyers at all times.

You will never know when a buyer could visit your Aliso Viejo, California restaurant. Some buyers might even come in as customers just to carry out some research before reaching out to you.

#9 Sell Your Aliso Viejo, California Restaurant

This is the final action to take after a successful negotiation with a buyer. This stage includes the presentation of the necessary paperwork to finalize the transaction. The paperwork often begin with the Asset Purchase Agreement.

You should have your attorney’s help in creating this document. Working with an attorney is recommended to ensure the Asset Purchase Agreement covers every aspect of the deal.

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

Choosing a Aliso Viejo, California Restaurant Broker

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

It's true, in order for you to get the most from of the business transaction, you need a higher level of expertise to stand out against your cometitors while attempting to find buyers.

Expertise is also vital during negotiations with prospective buyers. This is when an experienced Aliso Viejo, California restaurant broker is recommended. A Aliso Viejo, California restaurant broker has the resources, expertise and strategy needed to easily take on the task of selling your Aliso Viejo, California restaurant. Additionally, a restaurant broker can help you sell faster and at a great price.

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

Contact a Aliso Viejo, California Restaurant Broker

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

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

Aliso Viejo Zip Codes We Support: 92651, 92653, 92656, 92677