Decided to Sell Your Ceres, California Restaurant?

Following years of labor, you have made the decision sell your Ceres, California restaurant

Considering opening a different Ceres, California restaurant, moving, or even retiring. No matter the reason, selling your Ceres, California restaurant can be way more challenging than you may think. Thats because it takes thoughtful preparation and a solid game plan to successfully get out with enough money for all the time you may have put into it.

Important Actions to Consider in Selling Your Restaurant

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

#1 Put Together any Important Documentation

This is an important first step to take when you commence the process of offering your Ceres, California restaurant.

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

• Gather your assets
• Lease documentation
• 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 help you in the market for sale of your Ceres, 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 prospective buyer day one. But, you should have them ready because you will certainly require them during the sales process.

In addition, putting together these documents lets you view your Ceres, California restaurant through the lens of a buyer. It provides you a clear image of the Ceres, California restaurant you are selling. Furthermore, it allows you to show whether there are any loopholes you'll need to address.

#2 Put Your Financials in Order

Your financial documents are a crucial detail of selling your Ceres, California restaurant. That’s why you should strive to have these documents accurate and well organized.

Showing your financial records to possible buyers could help clear any doubt they might have concerning your Ceres, California restaurant.

Your financial documents could include:

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

In addition, make sure you have hard copies of all of the records. This may make it easier for you to send the information to potential buyers.

Also, as a seller, you must disclose information such as debts, owed taxes, planned repairs, etc. Failing to inform a buyer about these items may create legal issues for you if a buyer later discovers these liabilities after closing the deal.

#3 Gather the Details of Your Commercial Lease

In the process of preparing to sell your Ceres, California restaurant, you must find out the terms of your commercial lease. It could be devestating if, after attracting a buyer, your lease hinders you from closing the deal.

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

#4 Have Your Restauarant Appraised

Buyers and investors may request an detailed evaluation of your financial records, whether favorable or not, this helps them estimate the true value of the Ceres, 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 Ceres, California restaurant.

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

This will assist you in estimating the overall worth of your Ceres, California restaurant. Understanding the overall value will help you determine a selling price.

#5 Make Your Restaurant Look Awesome

The appearance of your Ceres, California restaurant could go a great distance in helping you bring potential buyers. Conversely, if the overall aesthetic of your Ceres, California restaurant does not appeal to buyers, they might pass over right off the bat.

To prevent this from happening, all things in and out of your Ceres, California restaurant must be cleaned and maintained. Landscaping and a clean parking area may help create curb appeal for prospective buyers.

Clean windows, polished handles and a clean floor are also simple things that can help create a unforgettable initial impression.

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

Faulty equipment can raise doubt about your financial situation and production capabilities. It may even dampen the mood of your staff, 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 buying your Ceres, California restaurant.

#7 Search for Ceres Buyers

Looking for prospective buyers can be time-consuming and often requires specialized skills and a certain level of expertise. This may require that you hire a professional Ceres, California restaurant broker to help. A professional Ceres, California restaurant broker will come with recommendations for saving time for drawing in more potential buyers. However, if you decide to take on this task alone, you will need to create appropriate advertising. You can market your Ceres, California restaurant on business websites and let your family and friends know about your plans to market for sale your Ceres, California restaurant.

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

#8 Be Prepared

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

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

#9 Sell Your Ceres, California Restaurant

This is the final action to take after a successful negotiation with a buyer. This stage involves the presentation of the necessary paperwork to finalize the contract. The documentation will usually begin with the Asset Purchase Agreement.

You should have your attorney’s assistance in drafting this document. Working with an attorney is recommended to make sure the Asset Purchase Agreement covers every detail of the contract.

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

Choosing a Ceres, California Restaurant Broker

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

It's true, if you're looking to get the most from of the business deal, you need some level of experience in order to stand out against your cometitors while attempting to attract buyers.

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

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

Contact a Ceres, California Restaurant Broker

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

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

Ceres Zip Codes We Support: 95307, 95326, 95351, 95358