Time to Sell Your Antioch, California Restaurant?

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

Contemplating opening a different eatery, moving, or even retiring. Regardless of the reason, selling your Antioch, California restaurant can be a lot more difficult than you may realize. Thats because it takes careful preparation and a solid game plan to successfully walk away with enough profit for all the labor you may have put into it.

Important Steps to Consider when Selling Your Restaurant

You can either make the decision to contract with a Antioch, California restaurant broker to assist you in selling your Antioch, California restaurant or take on the task on your own. Whether considering selling your Antioch, California restaurant on your own for the first time or with a restauarant broker, you should follow these steps.

#1 Gather the Business Documentation

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

The required documents may vary from state to state--even in California, but the following is a list of some standard documents you may need to have on you:

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

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

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

Also, putting together these documents lets you see your Antioch, California restaurant through the lens of a buyer. This gives you a clear image of the Antioch, California restaurant you are offering for sale. Furthermore, it allows you to show whether there are any loopholes you'll need to address.

#2 Get Your Financial Records in Order

Your financial records are an important part of selling your Antioch, California restaurant. This is why you should strive to make your documents accurate and organized.

Showing your financial records to prospective buyers could aid clear any hesitations they may have regarding your Antioch, California restaurant.

These financial documents could include:

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

In addition, make sure you have duplicate copies of all of these documents. This can make it easier for you to transmit the documentation to prospective buyers.

Also, as a seller, you have to disclose information such as debts, owed taxes, deferred repairs, etc. Failure to inform a buyer about these items may create legal issues for you if a buyer later on discovers these ommissions after closing the deal.

#3 Organize the Information On Your Commercial Lease

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

For this reason, it is advisable to have a discussion with your landlord regarding your plan to sell your Antioch, California restaurant and to potentially extend your lease.

#4 Get An Appraisal For Your Restaurant

Buyers and investors will most likely request an detailed evaluation of your financials, whether favorable or not, this will help them estimate the value of the Antioch, 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 Antioch, California restaurant.

The average time it takes to sell a Antioch, California restaurant is 6 months. Within the six months, there are several things you can do to increase your profit and reduce various costs, and thus strengthen the worth of your Antioch, 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 will help you in deriving the overall value of your Antioch, California restaurant. Understanding the overall value will help you come up with a selling price.

#5 Make Your Restaurant Look Better

The first impression of your Antioch, California restaurant can go a long way in helping you bring potential buyers. Alternatively, if the general look of your Antioch, California restaurant does not look good to buyers, they might pass over right off the bat.

To prevent this from happening, all things in and out of your Antioch, California restaurant must be cleaned and maintained. Landscaped and a clean parking area could help create appeal for prospective buyers.

Spot-free windows, polished door handles and a presentable floor are other easy things that could help create a unforgettable initial impression.

Furthermore, you should ensure all the equipment is in top condition. If your equipment is not functioning, it can convey the message that you are hurried to pass a bad deal to the buyer.

Faulty equipment could raise doubt about your financial status and output abilities. It can even lower the morale of your employees, which in response, negatively affect your productivity and effect your profit and loss statement.

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

#7 Search for Antioch Buyers

Marketing to potential buyers can be time-consuming and often requires specialized skills and a certain level of experience. This may demand that you hire an experienced Antioch, California restaurant broker to help. The professional Antioch, California restaurant broker will come with recommendations for saving time for attracting more prospective buyers. However, if you decide to take on this project yourself, you will need to carry out appropriate advertising. You can list your Antioch, California restaurant on business websites and tell family and friends about your plans to market for sale your Antioch, California restaurant.

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

#8 Be Prepared

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

You never know when a buyer will walk into your Antioch, California restaurant. Some buyers might even visit as customers in order to perform some research before reaching out to you.

#9 Sell Your Antioch, California Restaurant

This is the last action to take following a successful negotiation with a buyer. This stage involves the presentation of the necessary documentation to complete the deal. The documentation will likely start with the Asset Purchase Agreement.

You may need your attorney’s help in creating this document. Involving an attorney is recommended to make sure the Asset Purchase Agreement covers every aspect of the deal.

This agreement includes details including the selling price of your Antioch, California restaurant, items and equipment as well as inventory value.

Choosing a Antioch, California Restaurant Broker

Although attempting to sell your Antioch, California restaurant on your own can be an exciting project, it could also be very risky, especially for first time sellers.

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 trying to find buyers.

Experience is also vital during negotiations with potential buyers. This is where an experienced Antioch, California restaurant broker comes in. A Antioch, California restaurant broker has the resources, expertise and strategy needed to easily take on the task of marketing for sale your Antioch, California restaurant. Additionally, a restaurant broker will liekly help you sell faster and get you a higher sale value.

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

Contact a Antioch, California Restaurant Broker

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

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

Antioch Zip Codes We Support: 94509, 94513, 94531, 94561, 94565