Are You Ready to Sell Your Campbell, California Restaurant?

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

Contemplating opening a different Campbell, California restaurant, moving, or maybe slowing down. No matter the reason, selling your Campbell, California restaurant can be a lot more difficult than you may think. Thats because it takes thoughtful preparation and a solid strategy to successfully walk away with enough proceeds for all the labor you may have put into it.

Necessary Actions to Consider when Selling Your Restaurant

You may either make the decision to contract with a Campbell, California restaurant broker to guide you in selling your Campbell, California restaurant or do the task on your own. Whether considering selling your Campbell, California restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Gather all Business Documentation

This is a necessary initial step to make when you begin the process of offering your Campbell, California restaurant.

The required documents may vary from state to state--even in California, but the following is a list of some general documents you may find helpful to have at hand:

• 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 assist you in the market for sale of your Campbell, California restaurant. Call today for a no strings attached business review at (888) 266-5182.

You probably do not want to show the majority of these documents to a prospective buyer first day. But, you may want to have them on hand because you will eventually need them during the sales process.

Also, putting together these documents allows you to see your Campbell, California restaurant through the lens of a buyer. It gives you a clear picture of the Campbell, California restaurant you are selling. Furthermore, it allows you to show if there are any loopholes you will need to take care of.

#2 Get Your Financial Documents in Order

Your financial documents are an important detail of selling your Campbell, California restaurant. This is why you should make it a priority to have your documents accurate and well organized.

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

Your financial records may include:

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

Also, make sure you have soft copies of all of these records. This will make it easier for you to transmit the records to possible buyers.

Also, as the seller, you have to disclose information including debts, owed taxes, planned repairs, etc. Failure to inform a buyer about these items could create legal issues for you if a buyer later on discovers these liabilities post closing the deal.

#3 Put Together the Details of Your Commercial Lease

While preparing to sell your Campbell, California restaurant, you need to understand of your commercial lease. It could be devestating if, after securing a buyer, your lease ends up preventing you from closing the deal.

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

#4 Have Your Restauarant Appraised

Buyers and investors will often request an in-depth evaluation of your financial records, whether favorable or not, this helps them evaluate the value of your Campbell, California restaurant.

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

The estimated time it takes to sell a Campbell, California restaurant is 6 months. Within those six months, there are several things you can do in order to increase your profit and slash several costs, and thus strengthen the value of your Campbell, California restaurant.

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

This may help you in estimating the overall value of your Campbell, California restaurant. If you understand the overall value this could help you determine a selling price.

#5 Make Your Restaurant Attractive

The appearance of your Campbell, California restaurant can go a long way in helping you attract potential buyers. Alternatively, if the general aesthetic of your Campbell, California restaurant does not look good to buyers, they likely take a pass without a second look.

To avoid this from happening, all things in and out of your Campbell, California restaurant must be clean. Landscaped and a clean parking area could help create appeal for prospective buyers.

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

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

Non-functional equipment can raise doubt about your financial status and production capabilities. It may even lower the morale of your employees, which in response, negatively affect your productivity and effect your profit and loss statement.

You should appear credible in order to build the confidence of prospective buyers concerning buying your Campbell, California restaurant.

#7 Search for Campbell Buyers

Looking for prospective buyers is time-consuming and can require specialized skills and a certain level of experience. This may require that you hire an experienced Campbell, California restaurant broker to help. The professional Campbell, California restaurant broker will come with recommendations for saving time for attracting more prospective buyers. However, if you make the decision to take on this project by yourself, you will need to carry out appropriate advertising. You can list your Campbell, California restaurant on listing websites and tell family and friends about your plans to sell your Campbell, California restaurant.

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

#8 Be Prepared

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

You never know when a buyer could visit your Campbell, California restaurant. Some buyers might even visit as customers in order to perform some research before reaching out to you.

#9 Sell Your Campbell, California Restaurant

This is the last action to take following a successful negotiation with a buyer. This stage includes the presentation of the important documentation to complete the deal. The paperwork will likely start with the Asset Purchase Agreement.

You should have your attorney’s assistance in drafting this document. Involving an attorney helps to ensure the Asset Purchase Agreement covers every aspect of the contract.

This document includes details such as the selling price of your Campbell, California restaurant, items and equipment and inventory value.

Choosing a Campbell, California Restaurant Broker

While trying to sell your Campbell, California restaurant on your own can be an exhilarating project, it could also be quite risky, especially for first time sellers.

The fact remains, in order for you to get the most from of the business transaction, you need some level of expertise in order to stand above and against your competition while trying to attract buyers.

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

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

Contact a Campbell, California Restaurant Broker

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

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

Campbell Zip Codes We Support: 95008, 95009, 95011, 95032, 95125, 95128