Time to Sell Your Brawley, California Restaurant?

Following years of sweat equity, you have made the decision sell your Brawley, California restaurant

Considering starting a new eatery, moving, or even retiring. No matter the reason, selling a Brawley, California restaurant can be a lot more complicated than you might think. This is because it takes careful preparation and a solid strategy to successfully exit with enough money for all the time you’ve put into it.

Necessary Steps to Take in Selling Your Restaurant

You may either make the decision to hire a Brawley, California restaurant broker to assist you in selling your Brawley, California restaurant or take on the task on your own. If you are considering selling your Brawley, California restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Gather the Important Paperwork

This is an important preparatory step to take when you begin the process of marketing your Brawley, California restaurant.

The necessary documents may vary from state to state--even in California, but the following is a list of a few standard documents you may need to have at hand:

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

It's probably smart not to show the majority of these documents to a prospective buyer first day. However, you may want to have them at hand because you will certainly require them during the sales process.

In addition, compiling these documents lets you view your Brawley, California restaurant through the lens of a buyer. This gives you a clear picture of the Brawley, California restaurant you're selling. Furthermore, it allows you to show whether there are any areas you'll have to take care of.

#2 Put Your Financials in Order

Your financial documents are a crucial detail of selling your Brawley, California restaurant. That’s why you should make it a priority to have these documents accurate and organized.

Showing your financial documents to potential buyers may aid clear any doubt they may have regarding your Brawley, California restaurant.

Your financial records may include:

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

In addition, ensure you have duplicate copies of all of the documents. This will 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, expected repairs, etc. Failure to inform a buyer regarding these items could create legal problems for you if a buyer later on discovers these ommissions after sealing the deal.

#3 Organize the Details of Your Commercial Lease

While preparing to sell your Brawley, California restaurant, you must find out the terms of your commercial lease. It could be disappointing if, after attracting a buyer, your lease hinders you from sealing the deal.

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

#4 Get An Appraisal For Your Restaurant

Buyers and investors could request an detailed analysis of your financial records, whether favorable or not, this will help them estimate the true value of your Brawley, California restaurant.

This will be in your best interest to make sure that you increase sales and make a reduction in your expenses to build your cash flow planning to sell your Brawley, California restaurant.

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

Also, 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 assist you in coming up with the probable worth of your Brawley, California restaurant. When you understand the overall value this could help you settle on a selling price.

#5 Make Your Restaurant Look Awesome

The appearance of your Brawley, California restaurant will go a great distance in helping you bring potential buyers. Alternatively, if the overall curb appeal of your Brawley, California restaurant does not appeal to buyers, they likely take a pass without consideration.

To prevent this from happening, all things in and out of your Brawley, California restaurant must be clean. Landscaped and a clean parking lot can help create appeal for potential buyers.

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

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

Non-functional equipment can raise doubt about your financial capabilities and production capabilities. It could even lower the mood of your staff, which in turn, negatively affect your productivity and effect your profit and loss statement.

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

#7 look for Brawley Buyers

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

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

#8 Be Ready

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

You'll never know when a buyer could visit your Brawley, California restaurant. Some buyers might even visit as customers just to perform some research before reaching out to you.

#9 Sell Your Brawley, 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 deal. The paperwork will usually start with the Asset Purchase Agreement.

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

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

Choosing a Brawley, California Restaurant Broker

While attempting to sell your Brawley, California restaurant on your own can be an exciting endeavor, it can also be quite risky, especially for first-timers.

The fact remains, if you're looking to get the most out of the business transaction, you need some level of experience in order to stand above and against the cometitors while trying to attract buyers.

Experience is also vital during negotiations with potential buyers. This is when an experienced Brawley, California restaurant broker is needed. A Brawley, California restaurant broker has the resources, expertise and strategy required to easily take on the task of marketing for sale your Brawley, California restaurant. Additionally, a restaurant broker can help you sell faster and for more money.

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

Contact a Brawley, California Restaurant Broker

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

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

Brawley Zip Codes We Support: 92227