Ready to Sell Your Bell Gardens, California Restaurant?

After years of sweat equity, you have made the decision sell your Bell Gardens, California restaurant

Contemplating starting a different eatery, relocating, or even retiring. Regardless of the reason, selling your Bell Gardens, California restaurant can be a lot more difficult than you might think. This is because it takes thoughtful preparation and a solid strategy to successfully exit with enough money for all the sweat you may have put into it.

Necessary Actions to Consider in Selling Your Restaurant

You may either make the decision to contract with a Bell Gardens, California restaurant broker to help you in selling your Bell Gardens, California restaurant or do the task on your own. If you are considering selling your Bell Gardens, California restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Put Together all Necessary Documentation

This is an important initial step to take when you begin the process of offering your Bell Gardens, California restaurant.

The necessary paperwork 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 prepared:

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

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

It's probably smart not to reveal the majority of these documents to a potrntial buyer right away. But, you may want to have them on hand because you will certainly require them during the sales process.

Also, putting together these documents lets you view your Bell Gardens, California restaurant through the lens of a buyer. It provides you a clear image of the Bell Gardens, California restaurant you are offering for sale. Furthermore, it allows you to identify whether there are any loopholes you will have to address.

#2 Put Your Financials in Order

Your financial documents are a crucial detail of selling your Bell Gardens, California restaurant. That’s why you should make an effort to have your documents complete and well organized.

Offering your financial records to potential buyers could help clear any doubt they may have regarding your Bell Gardens, California restaurant.

Your financial records 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 records. This could make it easier for you to transmit the documentation to possible buyers.

In addition, as a seller, you must disclose information including debts, owed taxes, planned repairs, etc. Failing to inform a buyer regarding these things can create legal problems for you if a buyer later on discovers these liabilities post completing the deal.

#3 Gather the Information On Your Commercial Lease

While preparing to sell your Bell Gardens, California restaurant, you need to review 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 could be advisable to have a discussion with your landlord concerning your plan to sell your Bell Gardens, California restaurant and to potentially extend your lease.

#4 Have Your Restauarant Appraised

Buyers and investors could request an in-depth evaluation of your financials, whether favorable or not, this will help them estimate the true value of your Bell Gardens, California restaurant.

This will be in your best interest to make sure that you augment sales and make a reduction in your expenses to build your cash flow before trying to sell your Bell Gardens, California restaurant.

The average time it takes to sell a Bell Gardens, California restaurant is 6 months. Within those six months, there are several things you can do in order to strengthen your profit and cut various costs, and therefore increase the value of your Bell Gardens, 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 may help you in estimating the probable worth of your Bell Gardens, California restaurant. If you understand the overall value this may help you settle on a selling price.

#5 Make Your Restaurant Attractive

The appearance of your Bell Gardens, California restaurant will go a long way in helping you bring potential buyers. Alternatively, if the general look of your Bell Gardens, California restaurant does not look good to buyers, they might pass over without consideration.

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

Clean windows, polished door handles and a presentable floor are other small things that can help create a memorable first impression.

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

Non-functional equipment may rouse doubt about your financial capabilities and output capabilities. It can even dampen the excitment 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 purchasing your Bell Gardens, California restaurant.

#7 Search for Bell Gardens Buyers

Looking for prospective buyers can be time-consuming and can require specialized skills and a certain level of experience. This may demand that you hire a professional Bell Gardens, California restaurant broker to help. A professional Bell Gardens, California restaurant broker will offer recommendations for saving time & money for drawing in more prospective buyers. However, if you make the decision to take on this task alone, you will need to carry out appropriate advertising. You can show your Bell Gardens, California restaurant on listing websites and let your family and friends know about your intentions to market for sale your Bell Gardens, California restaurant.

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

#8 Be Ready

Whether you decide to sell your Bell Gardens, California restaurant yourself, or through a Bell Gardens, California restaurant broker, you should always be prepared. Be prepared to show your Bell Gardens, California restaurant to potential buyers at all times.

You never know when a buyer will walk into your Bell Gardens, California restaurant. Some buyers may even come in as customers in order to carry out some research before contacting you.

#9 Sell Your Bell Gardens, California Restaurant

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

You may need your attorney’s expertise in creating this document. Involving an attorney is recommended to make sure the Asset Purchase Agreement covers every aspect of the contract.

This agreement includes details including the selling price of your Bell Gardens, California restaurant, assets and equipment and inventory value.

Choosing a Bell Gardens, California Restaurant Broker

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

The fact remains, in order for you to get the most out of the business deal, you need a higher level of experience in order to stand above and against the competition while attempting to find buyers.

Experience is also vital during negotiations with potential buyers. This is where an experienced Bell Gardens, California restaurant broker is recommended. A Bell Gardens, California restaurant broker has the resources, experience and strategy needed to easily take on the task of marketing for sale your Bell Gardens, California restaurant. Additionally, a restaurant broker can help you sell quicker and at a great price.

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

Contact a Bell Gardens, California Restaurant Broker

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

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

Bell Gardens Zip Codes We Support: 90201, 90202