Time to Sell Your Antelope, California Restaurant?

Following years of sweat equity, you have made the decision sell your Antelope, California restaurant

Considering starting a new Antelope, California restaurant, moving, or even slowing down. Regardless of the reason, selling your Antelope, California restaurant can be a lot more difficult than you may think. Thats because it takes careful preparation and a solid game plan to successfully exit with enough money for all the labor you’ve put into it.

Important Steps to Consider in Selling Your Restaurant

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

#1 Gather any Business Documentation

This is a necessary first step to take when you commence the process of offering your Antelope, 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 need to have prepared:

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

Corbett Restaurant Group has the expertise to assist you in the sale of your Antelope, California restaurant. Call today for a no strings attached consultation at (888) 266-5182.

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

In addition, compiling these documents lets you see your Antelope, California restaurant through the lens of a buyer. It gives you a clear image of the Antelope, California restaurant you are selling. In addition, it allows you to show whether there are any loopholes you'll need to take care of.

#2 Get Your Financial Documents in Order

Your financial records are an important aspect of selling your Antelope, California restaurant. That’s why you should make it a priority to have these documents complete and well organized.

Offering your financial documents to prospective buyers could aid clear any hesitations they may have regarding your Antelope, California restaurant.

The financial records could 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 documents. This can make it easier for you to transmit the records to prospective buyers.

Likewise, as the seller, you have to disclose information including debts, owed taxes, prospective repairs, etc. Failure to inform a buyer about these items could create legal issues for you if a buyer later on discovers these ommissions post closing the deal.

#3 Put Together the Information On Your Commercial Lease

While preparing to sell your Antelope, California restaurant, you need to review 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 is advisable to talk to your landlord regarding your plan to sell your Antelope, California restaurant and to possibly extend your lease.

#4 Have Your Restauarant Appraised

Buyers and investors will most likely request an detailed analysis of your financials, whether favorable or not, this helps them estimate the true value of your Antelope, California restaurant.

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

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

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

This could help you in deriving the probable worth of your Antelope, California restaurant. When you understand the overall value this could help you settle on a selling price.

#5 Increase Curb Appeal

The first impression of your Antelope, California restaurant can go a long way in helping you attract potential buyers. Conversely, if the general appearance of your Antelope, California restaurant does not look good to buyers, they could pass over right off the bat.

To avoid this from happening, all things in and out of your Antelope, California restaurant must be clean. Landscaped and a clean parking lot may help create curb appeal for potential buyers.

Clean windows, polished door handles and a presentable floor are other small things that would help create a great initial impression.

Furthermore, you should make sure all your equipment is in top condition. If your equipment is not functioning, it can convey 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 could even lower the morale of your staff, and 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 concerning purchasing your Antelope, California restaurant.

#7 Search for Antelope Buyers

Looking for potential buyers can be time-consuming and can require specialized skills and a certain level of expertise. This may require that you hire a professional Antelope, California restaurant broker to help. A professional Antelope, California restaurant broker will offer recommendations for saving time & money for attracting more prospective buyers. However, if you decide to take on this project alone, you will need to create appropriate advertising. You can show your Antelope, California restaurant on listing websites and tell family and friends about your plans to sell your Antelope, California restaurant.

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

#8 Be Prepared

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

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

#9 Sell Your Antelope, California Restaurant

This is the last action to take after a successful negotiation with a buyer. This stage involves the presentation of the important paperwork to complete the transaction. The paperwork will likely begin with the Asset Purchase Agreement.

You may need your attorney’s expertise in creating this document. Involving an attorney helps to ensure the Asset Purchase Agreement covers every detail of the contract.

This document includes details such as the selling price of your Antelope, California restaurant, items and equipment as well as inventory value.

Choosing a Antelope, California Restaurant Broker

While trying to sell your Antelope, California restaurant on your own can be an exciting project, it could also be very risky, especially for first-timers.

The fact remains, if you're looking to achieve the most out of the business deal, you need some level of expertise to stand out against the cometitors while attempting to find buyers.

Experience is also vital during negotiations with prospective buyers. This is where an experienced Antelope, California restaurant broker is needed. A Antelope, California restaurant broker has the resources, expertise and strategy required to easily take on the task of selling your Antelope, California restaurant. Additionally, a restaurant broker can help you sell quicker and at a great price.

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

Contact a Antelope, California Restaurant Broker

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

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

Antelope Zip Codes We Support: 95621, 95843