Right Time to Sell Your Cameron Park, California Restaurant?

Following years of hard work, you have decided to sell your Cameron Park, California restaurant

Contemplating starting a different eatery, relocating, or even retiring. Regardless of the reason, selling your Cameron Park, California restaurant can be a lot more complicated than you might realize. Thats because it takes careful preparation and a solid strategy to successfully walk away with enough profit for all the labor you may have put into it.

Important Actions to Take when Selling Your Restaurant

You may either decide to hire a eatery broker to assist you in selling your Cameron Park, California restaurant or do the task on your own. Whether considering selling your Cameron Park, California restaurant on your own for the first time or with a restauarant broker, here are some tasks you can follow.

#1 Gather all Necessary Documentation

This is an important first step to make when you start the process of marketing your Cameron Park, California restaurant.

The necessary documents may vary from state to state--even in California, but below is a list of some generalized documents you may need to have on you:

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

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

It's probably best not to reveal all these documents to a possible buyer right away. But, you may want to have them on hand because you will eventually need them during the sales process.

Also, compiling these documents allows you to see your Cameron Park, California restaurant through the lens of a buyer. This provides you a clear picture of the Cameron Park, California restaurant you are selling. In addition, it helps you identify if there are any areas you'll have to address.

#2 Put Your Financials in Order

Your financial records are an important part of selling your Cameron Park, California restaurant. This is the reason you should make an effort to have these documents complete and organized.

Offering your financial records to potential buyers may aid clear any doubt they may have concerning your Cameron Park, California restaurant.

The financial records can include:

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

In addition, ensure you have hard copies of all of the records. This can make it easier for you to send the records to prospective buyers.

Also, as the seller, you have to 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 discovers these liabilities post sealing the deal.

#3 Organize the Details of Your Commercial Lease

While preparing to sell your Cameron Park, California restaurant, you need to review of your commercial lease. It would be disappointing if, after securing a buyer, your lease prevents you from closing the deal.

For this reason, it is advisable to talk to your landlord concerning your plan to sell your Cameron Park, 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 financials, whether favorable or not, this helps with estimating the value of your Cameron Park, California restaurant.

This will be in your best interest to ensure that you increase sales and make a reduction in your expenses to increase your cash flow before trying to sell your Cameron Park, California restaurant.

The estimated time it takes to sell a Cameron Park, California restaurant is 6 months. Within the six months, there are several things you can do in order to strengthen your profit and slash various costs, and therefore increase the worth of your Cameron Park, California restaurant.

In addition, with regards to your assets, you'll to understand the depreciation involved. Everything depreciates, so it’s best to individually estimate your assets.

This could help you in deriving the overall value of your Cameron Park, California restaurant. Understanding the overall value will help you come up with a selling price.

#5 Increase Curb Appeal

The appearance of your Cameron Park, California restaurant will go a great distance in helping you bring potential buyers. Conversely, if the overall look of your Cameron Park, California restaurant does not look good to buyers, they could take a pass without consideration.

To prevent this from happening, everything in and out of your Cameron Park, California restaurant must be clean. Manicured and a clean parking lot may help create appeal for prospective buyers.

Spot-free windows, polished door handles and a presentable floor are also small things that can help create a great initial impression.

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

Faulty equipment can raise doubt about your financial status and production abilities. It can even dampen the mood of your employees, which in turn, 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 purchasing your Cameron Park, California restaurant.

#7 Search for Cameron Park Buyers

Looking for potential buyers can be time-consuming and often requires specific skills and a certain level of experience. This may demand that you hire a professional Cameron Park, California restaurant broker to help. The professional Cameron Park, California restaurant broker will come with recommendations for saving time for drawing in more potential buyers. However, if you make the decision to take on this task alone, you will need to create proper advertising. You can offer your Cameron Park, California restaurant on business websites and let your family and friends know about your intentions to sell your Cameron Park, California restaurant.

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

#8 Be Ready

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

You will never know when a buyer could walk into your Cameron Park, California restaurant. Some buyers might even visit as customers just to perform some research before contacting you.

#9 Sell Your Cameron Park, California Restaurant

This is the final action to take after a successful negotiation with a buyer. This stage includes the presentation of the important paperwork to finalize the transaction. The paperwork will usually begin with the Asset Purchase Agreement.

You should have your attorney’s help in drafting this document. Involving an attorney is recommended to make sure the Asset Purchase Agreement covers every aspect of the contract.

This document includes details such as the selling price of your Cameron Park, California restaurant, assets and equipment and inventory value.

Choosing a Cameron Park, California Restaurant Broker

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

The fact remains, if you're looking to achieve the most out of the business deal, you need some level of experience to stand out against your competition while attempting to find buyers.

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

With the assistance of a Cameron Park, California restaurant broker, you can maintain your undivided attention on operating your Cameron Park, California restaurant and rest assured knowing that a professional is in charge of selling your Cameron Park, California restaurant.

Contact a Cameron Park, California Restaurant Broker

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

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

Cameron Park Zip Codes We Support: 95672, 95682