Ready to Sell Your Ashland, California Restaurant?

After years of labor, you have made the decision sell your Ashland, California restaurant

Contemplating starting a new eatery, relocating, or even slowing down. No matter the reason, selling a Ashland, California restaurant can be way more difficult than you might realize. Thats because it takes careful preparation and a solid game plan to successfully exit with enough money for all the time you’ve put into it.

Necessary Actions to Take in Selling Your Restaurant

You may either make the decision to hire a Ashland, California restaurant broker to help you in selling your Ashland, California restaurant or take on the task yourself. Whether considering selling your Ashland, California restaurant on your own for the first time or with a restauarant broker, here are some tasks you can plan for.

#1 Put Together any Necessary Paperwork

This is an important preparatory step to make when you start the process of marketing your Ashland, California restaurant.

The necessary documents may vary from state to state--even in California, but the following is a list of some generalized documents you may be requierd to have ready:

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

Corbett Restaurant Group comes with expertise to assist you in the sale of your Ashland, California restaurant. Call today for a no strings attached business review at (888) 266-5182.

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

In addition, putting together these documents allows you to see your Ashland, California restaurant through the lens of a buyer. It provides you a clear image of the Ashland, California restaurant you are offering for sale. Furthermore, it allows you to show whether there are any loopholes you'll have to take care of.

#2 Put Your Financial Records in Order

Your financial documents are an important aspect of selling your Ashland, California restaurant. This is why you should make it a priority to have your documents accurate and organized.

Showing your financial records to possible buyers may help clear any doubt they may have concerning your Ashland, California restaurant.

Your financial records can include:

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

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

Likewise, as the seller, you must disclose information including debts, owed taxes, prospective repairs, etc. Failure to inform a buyer regarding these things may create legal problems for you if a buyer later on discovers these liabilities after signing the deal.

#3 Put Together the Information On Your Commercial Lease

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

For this reason, it is advisable to talk to your landlord regarding your plan to sell your Ashland, California restaurant and to potentially extend your lease.

#4 Get An Appraisal For Your Restaurant

Buyers and investors may request an in-depth evaluation of your financial records, whether favorable or not, this helps with estimating the true value of your Ashland, California restaurant.

This will be in your best interest to ensure that you increase sales and reduce expenses to build your cash flow before trying to sell your Ashland, California restaurant.

The average time it takes to sell a Ashland, California restaurant is 6 months. Within the six months, there are several things you can do in order to strengthen your profit and reduce several costs, and therefore increase the worth of your Ashland, California restaurant.

In addition, 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 could help you in deriving the probable value of your Ashland, California restaurant. If you understand the overall worth this could help you settle on a selling price.

#5 Make Your Restaurant Look Awesome

The first impression of your Ashland, California restaurant can go a long way in helping you attract potential buyers. Conversely, if the overall appearance of your Ashland, California restaurant does not appeal to buyers, they might take a pass without consideration.

To avoid this from happening, everything in and out of your Ashland, California restaurant must be cleaned and maintained. Manicured and a clean parking lot could help create curb appeal for prospective buyers.

Spot-free windows, polished door handles and a neat floor are other small things that would help create a unforgettable initial impression.

Additionally, you should make sure that all your equipment is in top condition. If your equipment is not functioning, it could send the message that you're hurried to pass a bad deal to the buyer.

Non-functional equipment could raise doubt about your financial capabilities and production abilities. It can 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 potential buyers concerning buying your Ashland, California restaurant.

#7 Search for Ashland Buyers

Looking for prospective buyers can be time-consuming and can require specific skills and a certain level of expertise. This may demand that you hire an experienced Ashland, California restaurant broker to help. The professional Ashland, California restaurant broker will offer recommendations for saving time for attracting more potential buyers. However, if you decide to take on this project alone, you will need to create appropriate advertising. You can market your Ashland, California restaurant on business websites and tell family and friends about your intentions to market for sale your Ashland, California restaurant.

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

#8 Be Ready

Regardless if you decide to sell your Ashland, California restaurant yourself, or through a Ashland, California restaurant broker, you should always be ready. Be prepared to show your Ashland, California restaurant to prospective buyers at all times.

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

#9 Sell Your Ashland, California Restaurant

This is the final action to take after a successful negotiation with a buyer. This stage includes the presentation of the necessary paperwork to complete the transaction. The documentation often begin with the Asset Purchase Agreement.

You may need your attorney’s assistance in drafting this document. Involving an attorney helps to make sure the Asset Purchase Agreement covers every detail of the contract.

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

Choosing a Ashland, California Restaurant Broker

While trying to sell your Ashland, California restaurant on your own can be an exciting endeavor, it could also be quite risky, especially for first time sellers.

It's true, if you're looking to achieve the most from of the business deal, you need some level of expertise in order to stand above and against your competition while attempting to attract buyers.

Expertise is also vital during negotiations with potential buyers. This is where an experienced Ashland, California restaurant broker is needed. A Ashland, California restaurant broker has the resources, experience and strategy needed to easily take on the task of selling your Ashland, California restaurant. Additionally, a restaurant broker can help you sell faster and at a great price.

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

Contact a Ashland, California Restaurant Broker

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

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

Ashland Zip Codes We Support: 94541, 94578, 94580