Decided to Sell Your Carmichael, California Restaurant?

After years of labor, you have decided to sell your Carmichael, California restaurant

Considering opening a new Carmichael, California restaurant, relocating, or maybe slowing down. No matter the reason, selling your Carmichael, California restaurant can be way more complicated than you may realize. Thats because it takes thoughtful preparation and a solid game plan to successfully walk away with enough money for all the labor you may have put into it.

Necessary Steps to Consider when Selling Your Restaurant

You can either make the decision to hire a eatery broker to assist you in selling your Carmichael, California restaurant or take on the task yourself. Whether considering selling your Carmichael, California restaurant on your own for the first time or with a restauarant broker, you should follow these steps.

#1 Put Together all Important Paperwork

This is a necessary initial step to take when you commence the process of selling your Carmichael, California restaurant.

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

• Gather your assets
• Lease document
• 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 Carmichael, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

It's probably smart not to reveal all these documents to a possible buyer right away. However, you should have them ready because you will eventually require them during the sales process.

Also, putting together these documents lets you view your Carmichael, California restaurant through the lens of a buyer. It gives you a clear image of the Carmichael, California restaurant you're selling. Furthermore, it allows you to identify if there are any concerns you will need to take care of.

#2 Get Your Financial Records in Order

Your financial records are a crucial aspect of selling your Carmichael, California restaurant. This is why you should make it a priority to make these documents complete and well organized.

Offering your financial documents to possible buyers could aid clear any doubt they might have regarding your Carmichael, California restaurant.

These financial documents may include:

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

Also, make sure 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 must disclose information including debts, owed taxes, expected repairs, etc. Failing to inform a buyer regarding these things may create legal issues for you if a buyer later discovers these ommissions post sealing the deal.

#3 Gather the Details of Your Commercial Lease

In the process of preparing to sell your Carmichael, California restaurant, you must find out the terms of your commercial lease. It would be devestating if, after attracting a buyer, your lease ends up preventing you from sealing the deal.

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

#4 Have Your Restauarant Appraised

Buyers and investors will often request an detailed evaluation of your financial records, whether favorable or not, this helps with estimating the value of the Carmichael, California restaurant.

This will be in your best interest to ensure that you augment sales and make a reduction in your expenses to build up your cash flow planning to sell your Carmichael, California restaurant.

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

In addition, when it comes to your assets, you need to understand the depreciation involved. Everything depreciates, so it’s a good idea to individually value your assets.

This will help you in estimating the overall worth of your Carmichael, California restaurant. Understanding the overall value will help you settle on a selling price.

#5 Increase Curb Appeal

The appearance of your Carmichael, California restaurant could go a great distance in helping you bring potential buyers. Conversely, if the general aesthetic of your Carmichael, California restaurant does not appeal to buyers, they likely take a pass immediately.

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

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

Additionally, you should ensure all the equipment is in top 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.

Faulty equipment could raise doubt about your financial situation and production capabilities. It may even dampen the morale of your staff, and in response, negatively affect your output and effect your profit and loss statement.

You should appear credible in order to build the confidence of potential buyers concerning purchasing your Carmichael, California restaurant.

#7 Search for Carmichael Buyers

Marketing to prospective buyers is time-consuming and can require specific skills and a certain level of expertise. This may demand that you hire an experienced Carmichael, California restaurant broker to help. The professional Carmichael, California restaurant broker will come with recommendations for saving time for attracting more prospective buyers. However, if you decide to take on this project alone, you will need to create appropriate advertising. You can show your Carmichael, California restaurant on listing websites and let your family and friends know about your intentions to market for sale your Carmichael, California restaurant.

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

#8 Be Ready

Regardless if you decide to sell your Carmichael, California restaurant yourself, or with a a Carmichael, California restaurant broker, you need to always be prepared. Be ready to show your Carmichael, California restaurant to potential buyers at all times.

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

#9 Sell Your Carmichael, California Restaurant

This is the last action to take after a successful negotiation with a buyer. This stage involves the presentation of the important paperwork to finalize the contract. The documentation often start with the Asset Purchase Agreement.

You may need your attorney’s expertise in drafting this document. Working with an attorney is recommended to ensure the Asset Purchase Agreement covers every detail of the transaction.

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

Choosing a Carmichael, California Restaurant Broker

While attempting to sell your Carmichael, California restaurant on your own can be an exciting project, it can 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 the competition while attempting to attract buyers.

Expertise is also vital during negotiations with prospective buyers. This is where an experienced Carmichael, California restaurant broker is recommended. A Carmichael, California restaurant broker has the resources, expertise and strategy needed to easily take on the task of marketing for sale your Carmichael, California restaurant. Additionally, a restaurant broker will liekly help you sell faster and get you a higher sale value.

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

Contact a Carmichael, California Restaurant Broker

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

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

Carmichael Zip Codes We Support: 95608, 95609, 95628, 95841