Time to Sell Your Brentwood, California Restaurant?

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

Contemplating starting a different Brentwood, California restaurant, moving, or maybe retiring. No matter the reason, selling a Brentwood, California restaurant can be a lot more challenging than you may think. Thats because it takes thoughtful preparation and a solid game plan to successfully exit with enough profit for all the labor you’ve put into it.

Important Actions to Consider in Selling Your Restaurant

You may either make the decision to contract with a eatery broker to guide you in selling your Brentwood, California restaurant or take on the task yourself. Whether considering selling your Brentwood, 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 first step to take when you commence the process of offering your Brentwood, California restaurant.

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

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

Corbett Restaurant Group has the expertise to help you in the market for sale of your Brentwood, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

You probably do not want to show all these documents to a potrntial buyer day one. However, you should have them on hand because you will certainly need them during the sales process.

Also, compiling these documents allows you to see your Brentwood, California restaurant through the lens of a buyer. This gives you a clear picture of the Brentwood, California restaurant you are selling. In addition, it allows you to show if there are any areas you will need to take care of.

#2 Get Your Financial Records in Order

Your financial documents are a crucial detail of selling your Brentwood, California restaurant. That’s the reason you should strive to have these documents complete and well organized.

Offering your financial records to possible buyers could help clear any doubt they may have concerning your Brentwood, California restaurant.

These financial records could include:

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

Also, ensure you have duplicate copies of all of the documents. This could make it easier for you to transmit the documentation to possible buyers.

Also, as a seller, you have to disclose information such as debts, owed taxes, prospective repairs, etc. Failing to inform a buyer about these things may create legal problems for you if a buyer later on discovers these ommissions post completing the deal.

#3 Gather the Information On Your Commercial Lease

In the process of preparing to sell your Brentwood, California restaurant, you need to review of your commercial lease. It would be disappointing if, after attracting a buyer, your lease ends up preventing you from closing the deal.

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

#4 Get An Appraisal For Your Restaurant

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

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

The estimated time it may take to sell a Brentwood, California restaurant is six months. Within those six months, there are several things you can do to strengthen your profit and slash several costs, and thus increase the worth of your Brentwood, California restaurant.

In addition, 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 help you in estimating the probable value of your Brentwood, California restaurant. If you understand the overall value this could help you settle on a selling price.

#5 Increase Curb Appeal

The appearance of your Brentwood, California restaurant will go a long way in helping you attract potential buyers. Conversely, if the overall appearance of your Brentwood, California restaurant does not look good to buyers, they likely take a pass without a second look.

To prevent this from happening, everything in and out of your Brentwood, California restaurant must be clean. Manicured and a clean parking area could help create appeal for potential buyers.

Spot-free windows, polished handles and a neat floor are also easy items that could help create a great first impression.

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

Faulty equipment can raise doubt about your financial capabilities and production abilities. It could even dampen the morale 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 regarding buying your Brentwood, California restaurant.

#7 look for Brentwood Buyers

Searching for prospective buyers is time-consuming and often requires specialized skills and a certain level of experience. This may require that you hire an experienced Brentwood, California restaurant broker to help. The professional Brentwood, California restaurant broker will offer recommendations for saving time for attracting more potential buyers. However, if you decide to take on this project yourself, you will need to carry out appropriate advertising. You can show your Brentwood, California restaurant on listing websites and let your family and friends know about your plans to sell your Brentwood, California restaurant.

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

#8 Be Ready

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

You'll never know when a buyer could visit your Brentwood, California restaurant. Some buyers may even visit as customers in order to carry out some research before contacting you.

#9 Sell Your Brentwood, California Restaurant

This is the last action to take after a successful negotiation with a buyer. This stage involves the presentation of the necessary paperwork to finalize the deal. The documentation will likely start with the Asset Purchase Agreement.

You may need your attorney’s help in creating this document. Working with an attorney is recommended to make sure the Asset Purchase Agreement covers every detail of the deal.

This agreement includes details including the selling price of your Brentwood, California restaurant, items and equipment and inventory value.

Choosing a Brentwood, California Restaurant Broker

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

It's true, in order for you to achieve the most out of the business deal, you need a higher level of expertise in order to stand out against the cometitors while attempting to find buyers.

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

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

Contact a Brentwood, California Restaurant Broker

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

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

Brentwood Zip Codes We Support: 94513