Decided to Sell Your Arden Arcade, California Restaurant?

Following years of hard work, you have decided to sell your Arden Arcade, California restaurant

Contemplating starting a different Arden Arcade, California restaurant, relocating, or even retiring. No matter the reason, selling a Arden Arcade, California restaurant can be a lot more complicated than you might realize. This is because it takes careful preparation and a solid game plan to successfully walk away with enough profit for all the time you may have put into it.

Necessary Actions to Consider when Selling Your Restaurant

You may either make the decision to contract with a Arden Arcade, California restaurant broker to guide you in selling your Arden Arcade, California restaurant or take on the task on your own. Whether considering selling your Arden Arcade, California restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Put Together any Necessary Paperwork

This is an important first step to take when you begin the process of offering your Arden Arcade, California restaurant.

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

• 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 has the expertise to help you in the sale of your Arden Arcade, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

It's probably best not to reveal the majority of these documents to a possible buyer day one. But, you should have them on hand because you will certainly require them during the sales process.

In addition, putting together these documents lets you see your Arden Arcade, California restaurant through the lens of a buyer. It gives you a clear picture of the Arden Arcade, California restaurant you are selling. Furthermore, it allows you to show whether there are any areas you'll have to address.

#2 Put Your Financial Documents in Order

Your financial records are an important detail of selling your Arden Arcade, California restaurant. That’s the reason you should strive to make these documents complete and organized.

Showing your financial documents to possible buyers may aid clear any doubt they may have concerning your Arden Arcade, California restaurant.

The financial records can include:

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

In addition, ensure you have hard copies of all of these documents. This may make it easier for you to send the documentation to possible buyers.

In addition, as the seller, you must disclose information such as debts, owed taxes, planned repairs, etc. Failure to inform a buyer about these things could create legal issues for you if a buyer later discovers these liabilities post sealing the deal.

#3 Organize the Details of Your Commercial Lease

While preparing to sell your Arden Arcade, 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 is advisable to have a discussion with your landlord concerning your plan to sell your Arden Arcade, California restaurant and to potentially extend your lease.

#4 Get An Appraisal For Your Restaurant

Buyers and investors may request an detailed analysis of your financial records, whether favorable or not, this will help them estimate the value of your Arden Arcade, 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 planning to sell your Arden Arcade, California restaurant.

The average time it may take to sell a Arden Arcade, California restaurant is six months. Within the six months, there is a lot you can do in order to increase your profit and slash various costs, and thus increase the worth of your Arden Arcade, California restaurant.

Also, with regards to your assets, you need to understand the depreciation involved. Everything depreciates, so it’s best to individually estimate your assets.

This will assist you in deriving the overall worth of your Arden Arcade, California restaurant. If you understand the overall worth this may help you come up with a selling price.

#5 Increase Curb Appeal

The first impression of your Arden Arcade, California restaurant could go a long way in helping you attract potential buyers. Alternatively, if the general appearance of your Arden Arcade, California restaurant does not appeal to buyers, they might take a pass immediately.

To avoid this from happening, everything in and out of your Arden Arcade, California restaurant must be clean. Landscaped and a clean parking lot could help create appeal for potential buyers.

Clean windows, polished handles and a neat floor are other easy items 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 working properly, it may convey the message that you're in a hurry to pass a bad deal to the buyer.

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

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

#7 look for Arden Arcade Buyers

Marketing to prospective buyers is time-consuming and can require specialized skills and a certain level of expertise. This may require that you hire a professional Arden Arcade, California restaurant broker to help. A professional Arden Arcade, California restaurant broker will offer recommendations for saving time for drawing in more potential buyers. However, if you decide to take on this project by yourself, you will need to create appropriate advertising. You can market your Arden Arcade, California restaurant on listing websites and let your family and friends know about your plans to sell your Arden Arcade, California restaurant.

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

#8 Be Prepared

Regardless if you decide to sell your Arden Arcade, California restaurant yourself, or with a a Arden Arcade, California restaurant broker, you should always be prepared. Be prepared to show your Arden Arcade, California restaurant to potential buyers at all times.

You will never know when a buyer could walk into your Arden Arcade, California restaurant. Some buyers may even come in as customers in order to perform some research before contacting you.

#9 Sell Your Arden Arcade, California Restaurant

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

You may need your attorney’s help in creating this document. Involving 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 Arden Arcade, California restaurant, assets and equipment as well as inventory value.

Choosing a Arden Arcade, California Restaurant Broker

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

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

Expertise is also vital during negotiations with prospective buyers. This is when an experienced Arden Arcade, California restaurant broker comes in. A Arden Arcade, California restaurant broker has the resources, experience and strategy needed to easily take on the task of marketing for sale your Arden Arcade, California restaurant. Additionally, a restaurant broker will liekly help you sell faster and for more money.

With the help of a Arden Arcade, California restaurant broker, you can focus your undivided attention on operating your Arden Arcade, California restaurant and rest assured with the knowledge that a professional is in charge of selling your Arden Arcade, California restaurant.

Contact a Arden Arcade, California Restaurant Broker

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

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

Arden Arcade Zip Codes We Support: 95608, 95821, 95825, 95841, 95860, 95864, 95865, 95866, 95887