Ready to Sell Your Calexico, California Restaurant?

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

Contemplating opening a different eatery, moving, or even slowing down. Regardless of the reason, selling your Calexico, California restaurant can be way more challenging than you may think. This is because it takes thoughtful preparation and a solid strategy to successfully exit with enough profit for all the labor you may have put into it.

Important Steps to Consider in Selling Your Restaurant

You may either think to hire a Calexico, California restaurant broker to assist you in selling your Calexico, California restaurant or take on the task yourself. If you are considering selling your Calexico, California restaurant on your own for the first time or with a restauarant broker, here are some steps you can expect.

#1 Put Together all Important Paperwork

This is a necessary initial step to take when you commence the process of selling your Calexico, 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 find helpful to have prepared:

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

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

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

In addition, compiling these documents lets you see your Calexico, California restaurant through the lens of a buyer. This gives you a clear image of the Calexico, California restaurant you are selling. In addition, it helps you identify if there are any loopholes you'll need to take care of.

#2 Put Your Financial Documents in Order

Your financial records are an important detail of selling your Calexico, California restaurant. That’s the reason you should strive to make your documents accurate and organized.

Offering your financial records to prospective buyers may help clear any hesitations they might have regarding your Calexico, California restaurant.

Your financial documents may 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 these records. This will make it easier for you to send the information to possible buyers.

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

#3 Put Together the Details of Your Commercial Lease

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

For this reason, it is advisable to have a discussion with your landlord regarding your plan to sell your Calexico, California restaurant and to possibly extend your lease.

#4 Appraise Your Restaurant

Buyers and investors could request an detailed evaluation of your financials, whether favorable or not, this helps them estimate the true value of the Calexico, California restaurant.

It is therefore in your best interest to ensure that you increase sales and make a reduction in your expenses to build your cash flow planning to sell your Calexico, California restaurant.

The average time it takes to sell a Calexico, California restaurant is 6 months. Within the six months, there are several things you can do in order to increase your profit and cut several costs, and therefore strengthen the value of your Calexico, 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 value your assets.

This may help you in estimating the probable worth of your Calexico, California restaurant. Understanding the overall value will help you come up with a selling price.

#5 Make Your Restaurant Look Good

The appearance of your Calexico, California restaurant can go a long way in helping you bring potential buyers. Alternatively, if the general appearance of your Calexico, California restaurant does not look good to buyers, they might take a pass right off the bat.

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

Clean windows, polished door handles and a presentable floor are other easy things that would help create a memorable initial impression.

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

Faulty equipment can raise doubt about your financial situation and production abilities. It may even dampen the mood of your employees, and in turn, negatively affect your output and effect your profit and loss statement.

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

#7 Search for Calexico Buyers

Searching for potential buyers is time-consuming and can require specialized skills and a certain level of expertise. This may require that you hire an experienced Calexico, California restaurant broker to help. The professional Calexico, California restaurant broker will have recommendations for saving time for attracting more potential buyers. However, if you decide to handle this task alone, you will need to create appropriate advertising. You can market your Calexico, California restaurant on listing websites and let your family and friends know about your intentions to market for sale your Calexico, California restaurant.

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

#8 Be Ready

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

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

#9 Sell Your Calexico, California Restaurant

This is the remaining action to take after a successful negotiation with a buyer. This stage includes the presentation of the important documentation to finalize the contract. The documentation will likely start with the Asset Purchase Agreement.

You should have your attorney’s expertise in creating this document. Working with an attorney helps to make sure the Asset Purchase Agreement covers every aspect of the transaction.

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

Choosing a Calexico, California Restaurant Broker

Although trying to sell your Calexico, California restaurant on your own can be an exciting endeavor, it can also be quite risky, especially for first-timers.

It's true, in order for you to achieve the most out of the business transaction, you need some level of expertise in order to stand out against your competition while attempting to attract buyers.

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

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

Contact a Calexico, California Restaurant Broker

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

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

Calexico Zip Codes We Support: 92231, 92232, 92249