Right Time to Sell Your Bell, California Restaurant?

Following years of sweat equity, you have decided to sell your Bell, California restaurant

Considering starting a new eatery, moving, or maybe retiring. No matter the reason, selling your Bell, 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 exit with enough proceeds for all the sweat you’ve put into it.

Necessary Actions to Consider in Selling Your Restaurant

You can either make the decision to hire a Bell, California restaurant broker to guide you in selling your Bell, California restaurant or take on the task yourself. Whether considering selling your Bell, California restaurant on your own for the first time or with a restauarant broker, you should follow these steps.

#1 Gather any Necessary Paperwork

This is an important initial step to take when you commence the process of marketing your Bell, California restaurant.

The necessary paperwork may vary from state to state--even in California, but below is a list of a few general documents you may need to have ready:

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

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

You probably do not want to reveal the majority of these documents to a potrntial buyer day one. 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, California restaurant through the lens of a buyer. It provides you a clear image of the Bell, California restaurant you're offering for sale. In addition, it allows you to show whether there are any loopholes you'll need to take care of.

#2 Get Your Financials in Order

Your financial records are an important aspect of selling your Bell, California restaurant. This is the reason you should make an effort to have your documents accurate and organized.

Showing your financial records to prospective buyers may help clear any doubt they may have regarding your Bell, California restaurant.

Your financial records could include:

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

Also, ensure you have soft copies of all of the records. This will make it easier for you to transmit the documentation to prospective buyers.

Likewise, as the seller, you must disclose information such as debts, owed taxes, expected repairs, etc. Failure to inform a buyer about these things may create legal problems for you if a buyer later on discovers these ommissions after completing the deal.

#3 Gather the Details of Your Commercial Lease

While preparing to sell your Bell, California restaurant, you must find out the terms of your commercial lease. It could be disappointing if, after attracting a buyer, your lease ends up preventing you from closing the deal.

For this reason, it could be advisable to talk to your landlord concerning your plan to sell your Bell, California restaurant and to possibly extend your lease.

#4 Have Your Restauarant Appraised

Buyers and investors will often request an detailed evaluation of your financials, whether favorable or not, this will help them estimate the true value of the Bell, 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 Bell, California restaurant.

The estimated time it takes to sell a Bell, California restaurant is six months. Within those six months, there are many things you can do to increase your profit and reduce several costs, and thus increase the worth of your Bell, California restaurant.

In addition, when it comes to your assets, you need to understand the depreciation involved. Everything depreciates, so it’s a good idea to individually value your assets.

This will assist you in coming up with the probable value of your Bell, California restaurant. Understanding the overall value will help you determine a selling price.

#5 Make Your Restaurant Look Better

The first impression of your Bell, California restaurant could go a long way in helping you attract potential buyers. Alternatively, if the overall look of your Bell, California restaurant does not appeal to buyers, they might pass over right off the bat.

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

Clean windows, polished handles and a presentable floor are other small items that could help create a great initial impression.

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

Faulty equipment could raise doubt about your financial situation and production capabilities. It may even lower the excitment of your staff, which in response, negatively affect your productivity and effect your profit and loss statement.

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

#7 Search for Bell Buyers

Looking for potential buyers is time-consuming and can require specialized skills and a certain level of expertise. This may require that you hire a professional Bell, California restaurant broker to help. A professional Bell, California restaurant broker will have recommendations for saving time & money for drawing in more prospective buyers. However, if you make the decision to take on this project by yourself, you will need to create proper advertising. You can offer your Bell, California restaurant on business websites and let your family and friends know about your plans to market for sale your Bell, California restaurant.

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

#8 Be Prepared

If you decide to sell your Bell, California restaurant yourself, or with a a Bell, California restaurant broker, you need to always be prepared. Be prepared to show your Bell, California restaurant to potential buyers at all times.

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

#9 Sell Your Bell, California Restaurant

This is the remaining action to take following a successful negotiation with a buyer. This stage involves the presentation of the necessary paperwork to finalize the transaction. The paperwork will usually begin with the Asset Purchase Agreement.

You may need your attorney’s assistance in creating this document. Working with an attorney helps to ensure the Asset Purchase Agreement covers every detail of the contract.

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

Choosing a Bell, California Restaurant Broker

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

It's true, if you're looking to get the most from of the business transaction, you need a higher level of expertise in order to stand above and against the cometitors while trying to find buyers.

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

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

Contact a Bell, California Restaurant Broker

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

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

Bell Zip Codes We Support: 90040, 90058, 90201, 90270