Decided to Sell Your Danville, California Restaurant?

After years of hard work, you have decided to sell your Danville, California restaurant

Considering starting a new eatery, relocating, or maybe slowing down. No matter the reason, selling a Danville, California restaurant can be way more complicated than you may think. This is because it takes thoughtful preparation and a solid game plan to successfully walk away with enough proceeds for all the labor you may have put into it.

Important Actions to Take in Selling Your Restaurant

You can either make the decision to hire a Danville, California restaurant broker to guide you in selling your Danville, California restaurant or take on the task on your own. If you are considering selling your Danville, California restaurant on your own for the first time or with a restauarant broker, you should follow these steps.

#1 Put Together any Important Paperwork

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

The necessary paperwork may vary from state to state--even in California, but below is a list of some standard documents you may need to have ready:

• Gather your assets
• Lease contract
• 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 comes with expertise to assist you in the market for sale of your Danville, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

It's probably best not to reveal the majority of these documents to a potrntial buyer day one. But, you should have them on hand because you will certainly need them during the sales process.

Also, putting together these documents lets you see your Danville, California restaurant through the lens of a buyer. This gives you a clear picture of the Danville, California restaurant you are offering for sale. In addition, it allows you to identify whether there are any loopholes you'll have to address.

#2 Put Your Financial Documents in Order

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

Showing your financial records to potential buyers may help clear any doubt they may have concerning your Danville, 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 duplicate copies of all of these records. This will make it easier for you to transmit the records to potential buyers.

In addition, as the seller, you must disclose information such as debts, owed taxes, expected repairs, etc. Failure to inform a buyer regarding these items could create legal problems for you if a buyer later on discovers these ommissions after closing the deal.

#3 Gather the Information On Your Commercial Lease

While preparing to sell your Danville, California restaurant, you need to understand of your commercial lease. It could be disappointing if, after attracting a buyer, your lease hinders you from sealing the deal.

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

#4 Appraise Your Restaurant

Buyers and investors will most likely request an in-depth analysis of your financial records, whether favorable or not, this will help them estimate the value of your Danville, California restaurant.

This will be in your best interest to ensure that you increase sales and make a reduction in your expenses to increase your cash flow starting to sell your Danville, California restaurant.

The estimated time it takes to sell a Danville, California restaurant is 6 months. Within those six months, there is a lot you can do to strengthen your profit and cut several costs, and thus increase the worth of your Danville, California restaurant.

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

This may help you in coming up with the probable value of your Danville, California restaurant. Understanding the overall value will help you come up with a selling price.

#5 Increase Curb Appeal

The first impression of your Danville, California restaurant will go a long way in helping you attract potential buyers. Conversely, if the overall curb appeal of your Danville, California restaurant does not look good to buyers, they likely pass over immediately.

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

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

Furthermore, you should ensure that all your equipment is in top condition. If your equipment is not working properly, it may send the message that you're in a hurry to pass a bad deal to the buyer.

Non-functional equipment may rouse doubt about your financial capabilities and production abilities. It may even dampen the excitment 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 potential buyers concerning buying your Danville, California restaurant.

#7 look for Danville Buyers

Searching for potential buyers is time-consuming and can require specialized skills and a certain level of expertise. This may demand that you hire an experienced Danville, California restaurant broker to help. The professional Danville, California restaurant broker will have recommendations for saving time & money for drawing in more potential buyers. However, if you make the decision to take on this project alone, you will need to carry out proper advertising. You can list your Danville, California restaurant on listing websites and tell family and friends about your plans to sell your Danville, California restaurant.

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

#8 Be Ready

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

You will never know when a buyer could walk into your Danville, California restaurant. Some buyers might even come in as customers in order to perform some research before contacting you.

#9 Sell Your Danville, 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 complete the transaction. The paperwork often start with the Asset Purchase Agreement.

You may need your attorney’s help in drafting this document. Involving an attorney helps to ensure the Asset Purchase Agreement covers every detail of the contract.

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

Choosing a Danville, California Restaurant Broker

While trying to sell your Danville, California restaurant on your own can be an exciting endeavor, it can also be quite risky, especially for first-timers.

It's true, if you're looking to achieve the most out of the business deal, you need some level of experience to stand above and against the cometitors while trying to attract buyers.

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

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

Contact a Danville, California Restaurant Broker

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

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

Danville Zip Codes We Support: 94506, 94507, 94526, 94528, 94582, 94583