Are You Ready to Sell Your Azusa, California Restaurant?

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

Considering opening a different eatery, moving, or maybe retiring. Regardless of the reason, selling a Azusa, California restaurant can be a lot more difficult than you might realize. This is because it takes thoughtful preparation and a solid strategy to successfully walk away with enough profit for all the sweat you may have put into it.

Important Actions to Consider in Selling Your Restaurant

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

#1 Gather any Business Paperwork

This is a necessary preparatory step to take when you start the process of selling your Azusa, California restaurant.

The required documents may vary from state to state--even in California, but below is a list of a few general documents you may find helpful to have at hand:

• Gather your assets
• Lease documentation
• 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 assist you in the sale of your Azusa, California restaurant. Call today for a no strings attached consultation at (888) 266-5182.

You probably do not want to reveal all these documents to a prospective buyer right away. However, you may want to have them on hand because you will certainly need them during the sales process.

Also, compiling these documents allows you to view your Azusa, California restaurant through the lens of a buyer. This provides you a clear picture of the Azusa, California restaurant you are selling. Furthermore, it allows you to identify whether there are any loopholes you will need to take care of.

#2 Put Your Financial Documents in Order

Your financial documents are an important detail of selling your Azusa, California restaurant. This is the reason you should make an effort to have your documents complete and organized.

Offering your financial records to possible buyers may assist to clear any doubt they might have regarding your Azusa, California restaurant.

The financial records may 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 records. This could make it easier for you to transmit the records to prospective buyers.

Also, as a seller, you must disclose information such as debts, owed taxes, expected repairs, etc. Failing to inform a buyer about these things could create legal problems for you if a buyer later on discovers these liabilities post closing the deal.

#3 Put Together the Details of Your Commercial Lease

In the process of preparing to sell your Azusa, California restaurant, you need to review 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 Azusa, California restaurant and to possibly extend your lease.

#4 Have Your Restauarant Appraised

Buyers and investors will most likely request an detailed analysis of your financial records, whether favorable or not, this helps them evaluate the value of your Azusa, California restaurant.

This will be in your best interest to ensure that you augment sales and reduce expenses to build up your cash flow planning to sell your Azusa, California restaurant.

The estimated time it may take to sell a Azusa, California restaurant is 6 months. Within those six months, there are several things you can do to increase your profit and reduce various costs, and thus increase the worth of your Azusa, 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 estimate your assets.

This will aid you in estimating the overall value of your Azusa, California restaurant. When you understand the overall worth this may help you determine a selling price.

#5 Increase Curb Appeal

The appearance of your Azusa, California restaurant could go a long way in helping you bring potential buyers. Conversely, if the general curb appeal of your Azusa, California restaurant does not appeal to buyers, they likely pass over without consideration.

To prevent this from happening, everything in and out of your Azusa, California restaurant must be clean. Manicured and a clean parking lot can help create curb appeal for potential buyers.

Spot-free windows, polished door handles and a clean floor are other simple things that can help create a great first impression.

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

Non-functional equipment could raise doubt about your financial status and output abilities. It could even dampen the mood of your staff, which in turn, negatively affect your output and effect your profit and loss statement.

You should look credible in order to build the confidence of potential buyers regarding buying your Azusa, California restaurant.

#7 Search for Azusa Buyers

Marketing to potential buyers can be time-consuming and can require specific skills and a certain level of expertise. This may demand that you hire a professional Azusa, California restaurant broker to help. A professional Azusa, California restaurant broker will have recommendations for saving time & money for drawing in more potential buyers. However, if you decide to take on this task by yourself, you will need to carry out proper advertising. You can show your Azusa, California restaurant on business websites and let your family and friends know about your plans to sell your Azusa, California restaurant.

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

#8 Be Prepared

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

You will never know when a buyer will visit your Azusa, California restaurant. Some buyers may even come in as customers in order to carry out some research before reaching out to you.

#9 Sell Your Azusa, California Restaurant

This is the remaining action to take after a successful negotiation with a buyer. This stage includes the presentation of the important paperwork to complete the contract. The documentation often 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 deal.

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

Choosing a Azusa, California Restaurant Broker

While attempting to sell your Azusa, California restaurant on your own can be an exhilarating endeavor, it could also be very risky, especially for first-timers.

The fact remains, if you're looking to get the most out of the business deal, you need some level of expertise to stand out against the competition while attempting to attract buyers.

Expertise is also vital during negotiations with prospective buyers. This is when an experienced Azusa, California restaurant broker is recommended. A Azusa, California restaurant broker has the resources, experience and strategy needed to easily take on the task of marketing for sale your Azusa, California restaurant. Additionally, a restaurant broker can help you sell faster and at a great price.

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

Contact a Azusa, California Restaurant Broker

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

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

Azusa Zip Codes We Support: 91010, 91702