Right Time to Sell Your Apple Valley, California Restaurant?

After years of sweat equity, you have decided to sell your Apple Valley, California restaurant

Contemplating starting a different Apple Valley, California restaurant, relocating, or even slowing down. Regardless of the reason, selling your Apple Valley, California restaurant can be a lot more challenging than you might realize. This is because it takes thoughtful preparation and a solid game plan to successfully exit with enough money for all the labor you may have put into it.

Necessary Actions to Take when Selling Your Restaurant

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

#1 Put Together all Important Paperwork

This is a necessary preparatory step to take when you commence the process of offering your Apple Valley, 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 find helpful to have at hand:

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

Corbett Restaurant Group comes with experience to assist you in the sale of your Apple Valley, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

You probably do not want to reveal the majority of these documents to a possible buyer day one. But, you may want to have them at hand because you will certainly need them during the sales process.

In addition, putting together these documents lets you see your Apple Valley, California restaurant through the lens of a buyer. This provides you a clear image of the Apple Valley, California restaurant you are selling. In addition, it allows you to identify whether there are any loopholes you'll need to take care of.

#2 Put Your Financials in Order

Your financial records are a crucial part of selling your Apple Valley, California restaurant. That’s the reason you should strive to make these documents complete and organized.

Showing your financial records to potential buyers could assist to clear any doubt they may have regarding your Apple Valley, California restaurant.

The 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 documents. This could make it easier for you to transmit the information to possible buyers.

Likewise, as a seller, you have to disclose information such as debts, owed taxes, expected repairs, etc. Failing to inform a buyer regarding these items can create legal issues for you if a buyer later discovers these ommissions after sealing the deal.

#3 Organize the Information On Your Commercial Lease

While preparing to sell your Apple Valley, California restaurant, you need to understand of your commercial lease. It would be disappointing if, after securing a buyer, your lease ends up preventing you from closing the deal.

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

#4 Appraise Your Restaurant

Buyers and investors may request an detailed evaluation of your financial records, whether favorable or not, this will help them estimate the true value of your Apple Valley, California restaurant.

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

The estimated time it may take to sell a Apple Valley, California restaurant is 6 months. Within the six months, there are many things you can do to strengthen your profit and reduce various costs, and therefore strengthen the worth of your Apple Valley, California restaurant.

In addition, when it comes 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 coming up with the probable worth of your Apple Valley, California restaurant. If you understand the overall worth this may help you come up with a selling price.

#5 Make Your Restaurant Look Good

The first impression of your Apple Valley, California restaurant can go a great distance in helping you bring potential buyers. Conversely, if the general aesthetic of your Apple Valley, California restaurant does not look good to buyers, they might take a pass without a second look.

To avoid this from happening, all things in and out of your Apple Valley, California restaurant must be cleaned and maintained. Manicured and a clean parking lot may help create curb appeal for prospective buyers.

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

Furthermore, you should ensure all the equipment is in satisfactory condition. If your equipment is not working, it may send the message that you are hurried to pass a bad deal to the buyer.

Faulty equipment may rouse doubt about your financial status and production abilities. It could even dampen the mood of your employees, which in turn, negatively affect your output and effect your profit and loss statement.

You should appear credible in order to build the confidence of prospective buyers concerning buying your Apple Valley, California restaurant.

#7 look for Apple Valley Buyers

Looking for potential buyers can be time-consuming and often requires specific skills and a certain level of expertise. This may demand that you hire a professional Apple Valley, California restaurant broker to help. A professional Apple Valley, 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 by yourself, you will need to create appropriate advertising. You can offer your Apple Valley, California restaurant on listing websites and tell family and friends about your intentions to sell your Apple Valley, California restaurant.

As you will likely come across competition when trying to sell your Apple Valley, California restaurant, you need your restaurant to stand out.

#8 Be Ready

If you decide to sell your Apple Valley, California restaurant yourself, or through a Apple Valley, California restaurant broker, you should always be prepared. Be prepared to show your Apple Valley, California restaurant to prospective buyers at all times.

You'll never know when a buyer will visit your Apple Valley, California restaurant. Some buyers may even visit as customers just to perform some research before reaching out to you.

#9 Sell Your Apple Valley, California Restaurant

This is the final action to take after a successful negotiation with a buyer. This stage involves the presentation of the important paperwork to finalize the contract. The documentation will likely start with the Asset Purchase Agreement.

You may need your attorney’s assistance in creating this document. Working with an attorney is recommended to ensure the Asset Purchase Agreement covers every detail of the contract.

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

Choosing a Apple Valley, California Restaurant Broker

While attempting to sell your Apple Valley, 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 achieve the most out of the business transaction, you need some level of experience in order to stand out against your cometitors while attempting to attract buyers.

Experience is also vital during negotiations with prospective buyers. This is where an experienced Apple Valley, California restaurant broker comes in. A Apple Valley, California restaurant broker has the resources, expertise and strategy required to easily take on the task of marketing for sale your Apple Valley, California restaurant. Additionally, a restaurant broker will liekly help you sell faster and for more money.

With the assistance of a Apple Valley, California restaurant broker, you can maintain your undivided attention on operating your Apple Valley, California restaurant and rest easy with the knowledge that a professional is in charge of selling your Apple Valley, California restaurant.

Contact a Apple Valley, California Restaurant Broker

Choosing to sell your Apple Valley, California restaurant through a Apple Valley, California restaurant broker has many advantages. First, however, you need to select the best Apple Valley, California restaurant broker to assist you in selling your Apple Valley, California restaurant.

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

Apple Valley Zip Codes We Support: 92307, 92308, 92345, 92395