Are You Ready to Sell Your American Canyon, California Restaurant?

After years of sweat equity, you have decided to sell your American Canyon, California restaurant

Contemplating opening a new American Canyon, California restaurant, relocating, or even retiring. Regardless of the reason, selling your American Canyon, California restaurant can be way more difficult than you may think. This is because it takes thoughtful preparation and a solid strategy to successfully walk away with enough profit for all the sweat you may have put into it.

Important Actions to Take when Selling Your Restaurant

You can either think to hire a eatery broker to help you in selling your American Canyon, California restaurant or do the task yourself. If you are considering selling your American Canyon, California restaurant on your own for the first time or with a restauarant broker, you should follow these steps.

#1 Put Together all Necessary Documentation

This is an important initial step to make when you start the process of marketing your American Canyon, California restaurant.

The required paperwork may vary from state to state--even in California, but below is a list of some general documents you may be requierd to have on you:

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

Corbett Restaurant Group comes with expertise to help you in the sale of your American Canyon, California restaurant. Call today for a no-obligation consultation at (888) 266-5182.

You certainly do not want to reveal all these documents to a possible buyer right away. But, you should have them at hand because you will eventually need them during the sales process.

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

#2 Put Your Financial Records in Order

Your financial records are a crucial aspect of selling your American Canyon, California restaurant. This is why you should make an effort to have your documents accurate and organized.

Showing your financial records to possible buyers could assist to clear any hesitations they might have regarding your American Canyon, California restaurant.

These financial documents could include:

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

Also, ensure you have soft copies of all of the records. This may make it easier for you to send the records to possible buyers.

In addition, as the seller, you have to disclose information including debts, owed taxes, deferred repairs, etc. Failing to inform a buyer about these items could create legal issues for you if a buyer later on discovers these ommissions after closing the deal.

#3 Organize the Details of Your Commercial Lease

In the process of preparing to sell your American Canyon, California restaurant, you need to understand of your commercial lease. It could be disappointing if, after attracting a buyer, your lease hinders you from sealing the deal.

For this reason, it may advisable to have a discussion with your landlord concerning your plan to sell your American Canyon, California restaurant and to potentially extend your lease.

#4 Appraise Your Restaurant

Buyers and investors will most likely request an detailed analysis of your financial records, whether favorable or not, this helps with estimating the value of your American Canyon, California restaurant.

This will be in your best interest to make sure that you increase sales and make a reduction in your expenses to increase your cash flow before trying to sell your American Canyon, California restaurant.

The average time it takes to sell a American Canyon, California restaurant is 6 months. Within those six months, there are several things you can do to increase your profit and slash several costs, and thus increase the value of your American Canyon, California restaurant.

Also, with regards to your assets, you'll to understand the depreciation involved. Everything depreciates, so it’s a good idea to individually value your assets.

This will aid you in estimating the overall worth of your American Canyon, California restaurant. If you understand the overall value this could help you determine a selling price.

#5 Make Your Restaurant Look Better

The first impression of your American Canyon, California restaurant could go a long way in helping you bring potential buyers. Alternatively, if the overall curb appeal of your American Canyon, California restaurant does not appeal to buyers, they might pass over immediately.

To avoid this from happening, everything in and out of your American Canyon, California restaurant must be clean. Landscaping and a clean parking area may help create curb appeal for potential buyers.

Clean windows, polished handles and a clean floor are also easy things that would help create a great initial impression.

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

Non-functional equipment could raise doubt about your financial situation and production capabilities. 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 look credible in order to build the confidence of potential buyers concerning buying your American Canyon, California restaurant.

#7 look for American Canyon Buyers

Looking for potential buyers can be time-consuming and often requires specialized skills and a certain level of expertise. This may require that you hire an experienced American Canyon, California restaurant broker to help. A professional American Canyon, California restaurant broker will offer recommendations for saving time & money for drawing in more potential buyers. However, if you decide to handle this task yourself, you will need to carry out appropriate advertising. You can list your American Canyon, California restaurant on listing websites and tell family and friends about your intentions to sell your American Canyon, California restaurant.

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

#8 Be Prepared

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

You will never know when a buyer will visit your American Canyon, California restaurant. Some buyers might even visit as customers in order to carry out some research before contacting you.

#9 Sell Your American Canyon, California Restaurant

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

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

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

Choosing a American Canyon, California Restaurant Broker

Although trying to sell your American Canyon, 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 get the most out of the business deal, you need some level of expertise in order to stand above and against your cometitors while attempting to find buyers.

Experience is also vital during negotiations with prospective buyers. This is when an experienced American Canyon, California restaurant broker is needed. A American Canyon, California restaurant broker has the resources, experience and strategy needed to easily take on the task of selling your American Canyon, California restaurant. Additionally, a restaurant broker will liekly help you sell quicker and at a great price.

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

Contact a American Canyon, California Restaurant Broker

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

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

American Canyon Zip Codes We Support: 94503, 94589