Right Time to Sell Your Atwater, California Restaurant?

Following years of labor, you have decided to sell your Atwater, California restaurant

Considering opening a different Atwater, California restaurant, relocating, or maybe retiring. No matter the reason, selling your Atwater, California restaurant can be way more difficult than you may realize. Thats because it takes careful preparation and a solid strategy to successfully exit with enough proceeds for all the sweat you may have put into it.

Important Actions to Consider in Selling Your Restaurant

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

#1 Put Together all Necessary Paperwork

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

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

• Gather your assets
• Lease document
• 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 experience to help you in the market for sale of your Atwater, California restaurant. Call today for a no-obligation consultation at (888) 266-5182.

It's probably smart not to reveal all these documents to a prospective buyer first day. But, you may want to have them ready because you will eventually require them during the sales process.

Also, putting together these documents lets you see your Atwater, California restaurant through the lens of a buyer. This gives you a clear picture of the Atwater, California restaurant you're offering for sale. Furthermore, it helps you show whether there are any areas you'll need to take care of.

#2 Put Your Financial Records in Order

Your financial records are an important aspect of selling your Atwater, California restaurant. That’s the reason you should strive to make your documents accurate and well organized.

Offering your financial documents to potential buyers could assist to clear any doubt they may have regarding your Atwater, California restaurant.

The financial documents can include:

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

Also, make sure you have duplicate copies of all of the records. This can make it easier for you to transmit the documentation to possible buyers.

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

#3 Gather the Information On Your Commercial Lease

In the process of preparing to sell your Atwater, California restaurant, you must find out the terms of your commercial lease. It would be devestating if, after securing a buyer, your lease hinders you from sealing the deal.

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

#4 Have Your Restauarant Appraised

Buyers and investors could request an in-depth analysis of your financials, whether favorable or not, this helps with estimating the true value of the Atwater, California restaurant.

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

The average time it takes to sell a Atwater, California restaurant is six months. Within the six months, there are several things you can do to strengthen your profit and slash several costs, and thus strengthen the worth of your Atwater, California restaurant.

In addition, when it comes to your assets, you'll to understand the depreciation involved. Everything depreciates, so it’s best to individually estimate your assets.

This could assist you in coming up with the overall value of your Atwater, California restaurant. Understanding the overall value will help you settle on a selling price.

#5 Increase Curb Appeal

The appearance of your Atwater, California restaurant could go a great distance in helping you bring potential buyers. Conversely, if the overall appearance of your Atwater, California restaurant does not look good to buyers, they might take a pass without a second look.

To prevent this from happening, all things in and out of your Atwater, California restaurant must be cleaned and maintained. Landscaping and a clean parking lot can help create curb appeal for prospective buyers.

Clean windows, polished door handles and a neat floor are other simple items that could help create a memorable first impression.

Furthermore, you should make sure all your equipment is in top condition. If your equipment is not working, it might convey the message that you are in a hurry to pass a bad deal to the buyer.

Faulty equipment also raises doubt about your financial capabilities and production abilities. It could even lower the excitment of your staff, and in response, negatively affect your output and effect your profit and loss statement.

You should look credible in order to build the confidence of potential buyers concerning purchasing your Atwater, California restaurant.

#7 look for Atwater Buyers

Searching for prospective buyers is time-consuming and often requires specialized skills and a certain level of expertise. This may require that you hire an experienced Atwater, California restaurant broker to help. A professional Atwater, California restaurant broker will offer recommendations for saving time for drawing in more prospective buyers. However, if you decide to handle this task by yourself, you will need to carry out appropriate advertising. You can show your Atwater, California restaurant on listing websites and tell family and friends about your intentions to sell your Atwater, California restaurant.

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

#8 Be Prepared

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

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

#9 Sell Your Atwater, 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 complete the contract. The documentation will usually begin with the Asset Purchase Agreement.

You should have your attorney’s expertise in drafting this document. Involving an attorney is recommended to ensure the Asset Purchase Agreement covers every aspect of the deal.

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

Choosing a Atwater, California Restaurant Broker

While trying to sell your Atwater, California restaurant on your own can be an exhilarating project, it can also be very risky, especially for first time sellers.

The fact remains, in order for you to get the most out of the business transaction, you need some level of expertise in order to stand above and against your competition while attempting to find buyers.

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

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

Contact a Atwater, California Restaurant Broker

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

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

Atwater Zip Codes We Support: 95301