Time to Sell Your Citrus Heights, California Restaurant?

Following years of labor, you have decided to sell your Citrus Heights, California restaurant

Considering starting a different Citrus Heights, California restaurant, moving, or maybe slowing down. No matter the reason, selling your Citrus Heights, California restaurant can be a lot more complicated than you might realize. Thats because it takes thoughtful preparation and a solid strategy to successfully walk away with enough profit for all the labor you may have put into it.

Necessary Actions to Take when Selling Your Restaurant

You may either decide to hire a eatery broker to help you in selling your Citrus Heights, California restaurant or take on the task yourself. Whether considering selling your Citrus Heights, California restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Put Together the Business Documentation

This is a necessary initial step to take when you start the process of marketing your Citrus Heights, California restaurant.

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

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

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

It's probably best not to reveal the majority of these documents to a potrntial buyer right away. But, you should have them at hand because you will certainly require them during the sales process.

In addition, putting together these documents allows you to view your Citrus Heights, California restaurant through the lens of a buyer. This provides you a clear picture of the Citrus Heights, California restaurant you're selling. In addition, it allows you to identify if there are any areas you will need to address.

#2 Put Your Financials in Order

Your financial records are an important part of selling your Citrus Heights, California restaurant. That’s the reason you should make an effort to have these documents complete and organized.

Showing your financial documents to possible buyers could aid clear any doubt they might have regarding your Citrus Heights, California restaurant.

These financial records may include:

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

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

Likewise, as the seller, you must disclose information including debts, owed taxes, expected repairs, etc. Failure to inform a buyer regarding these items may create legal issues for you if a buyer later on discovers these ommissions after closing the deal.

#3 Organize the Information On Your Commercial Lease

While preparing to sell your Citrus Heights, California restaurant, you need to review of your commercial lease. It could be disappointing if, after attracting a buyer, your lease prevents you from sealing the deal.

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

#4 Appraise Your Restaurant

Buyers and investors will most likely request an detailed analysis of your financials, whether favorable or not, this helps them estimate the true value of your Citrus Heights, California restaurant.

It is therefore in your best interest to ensure that you augment sales and reduce expenses to build up your cash flow starting to sell your Citrus Heights, California restaurant.

The estimated time it takes to sell a Citrus Heights, California restaurant is 6 months. Within the six months, there are many things you can do to strengthen your profit and slash various costs, and thus strengthen the value of your Citrus Heights, California restaurant.

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

This may help you in coming up with the probable value of your Citrus Heights, California restaurant. When you understand the overall value this could help you settle on a selling price.

#5 Increase Curb Appeal

The appearance of your Citrus Heights, California restaurant will go a great distance in helping you attract potential buyers. Conversely, if the overall aesthetic of your Citrus Heights, California restaurant does not look good to buyers, they likely pass over immediately.

To prevent this from happening, everything in and out of your Citrus Heights, California restaurant must be clean. Landscaped and a clean parking lot can help create appeal for potential buyers.

Spot-free windows, polished handles and a neat floor are other small things that would help create a great first impression.

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

Faulty equipment may rouse doubt about your financial capabilities and output capabilities. It may even lower the excitment of your employees, 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 prospective buyers concerning purchasing your Citrus Heights, California restaurant.

#7 look for Citrus Heights Buyers

Searching 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 Citrus Heights, California restaurant broker to help. A professional Citrus Heights, California restaurant broker will offer recommendations for saving time & money for attracting more prospective buyers. However, if you make the decision to take on this task by yourself, you will need to create proper advertising. You can market your Citrus Heights, California restaurant on listing websites and tell family and friends about your intentions to sell your Citrus Heights, California restaurant.

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

#8 Be Ready

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

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

#9 Sell Your Citrus Heights, California Restaurant

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

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

This agreement includes details including the selling price of your Citrus Heights, California restaurant, assets and equipment as well as inventory value.

Choosing a Citrus Heights, California Restaurant Broker

Although trying to sell your Citrus Heights, California restaurant on your own can be an exciting endeavor, it can also be very risky, especially for first time sellers.

It's true, in order for you to get the most out of the business deal, you need a higher level of experience to stand above and against the cometitors while attempting to attract buyers.

Expertise is also vital during negotiations with prospective buyers. This is where an experienced Citrus Heights, California restaurant broker is needed. A Citrus Heights, California restaurant broker has the resources, experience and strategy needed to easily take on the task of selling your Citrus Heights, California restaurant. Additionally, a restaurant broker will liekly help you sell faster and for more money.

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

Contact a Citrus Heights, California Restaurant Broker

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

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

Citrus Heights Zip Codes We Support: 95610, 95611, 95621, 95841