Right Time to Sell Your Cudahy, California Restaurant?

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

Considering starting a new Cudahy, California restaurant, relocating, or even retiring. Regardless of the reason, selling your Cudahy, California restaurant can be way more challenging than you might think. 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.

Necessary Actions to Consider in Selling Your Restaurant

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

#1 Put Together all Important Documentation

This is an important first step to take when you begin the process of offering your Cudahy, 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 be requierd to have ready:

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

Corbett Restaurant Group has the expertise to help you in the sale of your Cudahy, California restaurant. Call today for a no strings attached consultation at (888) 266-5182.

It's probably smart not to show all these documents to a prospective buyer day one. However, you may want to have them ready because you will certainly need them during the sales process.

In addition, compiling these documents allows you to see your Cudahy, California restaurant through the lens of a buyer. It gives you a clear image of the Cudahy, California restaurant you're offering for sale. Furthermore, it allows you to show whether there are any concerns you'll have to address.

#2 Get Your Financial Records in Order

Your financial documents are an important detail of selling your Cudahy, California restaurant. This is the reason you should strive to have your documents accurate and organized.

Showing your financial records to potential buyers may assist to clear any doubt they might have concerning your Cudahy, California restaurant.

The financial documents may 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 documents. This can make it easier for you to send the documentation to potential buyers.

Also, as the seller, you must disclose information including debts, owed taxes, prospective repairs, etc. Failure to inform a buyer regarding these things could create legal issues for you if a buyer later discovers these liabilities post closing the deal.

#3 Put Together the Information On Your Commercial Lease

In the process of preparing to sell your Cudahy, California restaurant, you need to review of your commercial lease. It could be devestating if, after attracting a buyer, your lease prevents you from closing the deal.

For this reason, it may advisable to talk to your landlord concerning your plan to sell your Cudahy, California restaurant and to possibly extend your lease.

#4 Appraise Your Restaurant

Buyers and investors may request an detailed analysis of your financials, whether favorable or not, this helps with estimating the true value of your Cudahy, California restaurant.

This will be in your best interest to make sure that you augment sales and reduce expenses to increase your cash flow starting to sell your Cudahy, California restaurant.

The estimated time it may take to sell a Cudahy, California restaurant is six months. Within the six months, there are several things you can do in order to strengthen your profit and cut several costs, and therefore increase the worth of your Cudahy, California restaurant.

Also, with regards to your assets, you need to understand the depreciation involved. Everything depreciates, so it’s a good idea to individually estimate your assets.

This will help you in coming up with the probable worth of your Cudahy, California restaurant. If you understand the overall worth this may help you settle on a selling price.

#5 Make Your Restaurant Look Awesome

The first impression of your Cudahy, California restaurant could go a great distance in helping you bring potential buyers. Alternatively, if the overall look of your Cudahy, California restaurant does not look good to buyers, they likely take a pass right off the bat.

To avoid this from happening, all things in and out of your Cudahy, California restaurant must be clean. Manicured and a clean parking lot may help create curb appeal for potential buyers.

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

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

Faulty equipment also raises doubt about your financial capabilities and production abilities. It may even lower the mood of your staff, which in turn, negatively affect your productivity and effect your profit and loss statement.

You should appear credible in order to build the confidence of prospective buyers regarding purchasing your Cudahy, California restaurant.

#7 Search for Cudahy Buyers

Marketing to prospective buyers can be time-consuming and often requires specific skills and a certain level of experience. This may demand that you hire an experienced Cudahy, California restaurant broker to help. The professional Cudahy, California restaurant broker will offer recommendations for saving time & money for attracting more prospective buyers. However, if you make the decision to handle this task by yourself, you will need to create proper advertising. You can list your Cudahy, California restaurant on listing websites and let your family and friends know about your plans to sell your Cudahy, California restaurant.

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

#8 Be Ready

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

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

#9 Sell Your Cudahy, California Restaurant

This is the last action to take following a successful negotiation with a buyer. This stage includes the presentation of the important paperwork to finalize the deal. The documentation often begin with the Asset Purchase Agreement.

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

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

Choosing a Cudahy, California Restaurant Broker

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

It's true, if you're looking to get the most out of the business transaction, you need a higher level of expertise in order to stand above and against the competition while trying to find buyers.

Experience is also vital during negotiations with potential buyers. This is when an experienced Cudahy, California restaurant broker is needed. A Cudahy, California restaurant broker has the resources, experience and strategy needed to easily take on the task of selling your Cudahy, California restaurant. Additionally, a restaurant broker will liekly help you sell faster and get you a higher sale value.

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

Contact a Cudahy, California Restaurant Broker

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

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

Cudahy Zip Codes We Support: 90096, 90201