Ready to Sell Your Davis, California Restaurant?

After years of hard work, you have made the decision sell your Davis, California restaurant

Considering opening a new eatery, moving, or maybe retiring. No matter the reason, selling a Davis, California restaurant can be way more complicated than you might think. Thats because it takes thoughtful preparation and a solid strategy to successfully walk away with enough money for all the labor you may have put into it.

Necessary Steps to Consider in Selling Your Restaurant

You can either think to contract with a eatery broker to help you in selling your Davis, California restaurant or do the task yourself. Whether considering selling your Davis, 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 an important initial step to take when you start the process of selling your Davis, California restaurant.

The required documents may vary from state to state--even in California, but below is a list of a few generalized documents you may be requierd to have prepared:

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

Corbett Restaurant Group has the expertise to assist you in the sale of your Davis, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

It's probably best not to show the majority of these documents to a prospective buyer right away. But, you should have them at hand because you will eventually need them during the sales process.

Also, putting together these documents allows you to view your Davis, California restaurant through the lens of a buyer. It provides you a clear picture of the Davis, California restaurant you are selling. Furthermore, it helps you identify whether there are any areas you'll need to take care of.

#2 Put Your Financials in Order

Your financial documents are an important detail of selling your Davis, California restaurant. That’s the reason you should strive to have your documents complete and well organized.

Showing your financial records to prospective buyers could help clear any hesitations they might have concerning your Davis, California restaurant.

Your financial documents could include:

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

Also, ensure you have hard copies of all of these records. This could make it easier for you to send the information to prospective buyers.

In addition, as a seller, you must disclose information including debts, owed taxes, planned repairs, etc. Failing to inform a buyer about these items can create legal issues for you if a buyer later discovers these liabilities post signing the deal.

#3 Gather the Information On Your Commercial Lease

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

For this reason, it could be advisable to talk to your landlord regarding your plan to sell your Davis, 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 will help them evaluate the true value of your Davis, California restaurant.

It is therefore in your best interest to ensure that you augment sales and reduce expenses to increase your cash flow before trying to sell your Davis, California restaurant.

The estimated time it takes to sell a Davis, California restaurant is 6 months. Within those six months, there are several things you can do in order to strengthen your profit and cut several costs, and therefore increase the value of your Davis, California restaurant.

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

This may help you in estimating the probable value of your Davis, California restaurant. If you understand the overall value this could help you settle on a selling price.

#5 Increase Curb Appeal

The first impression of your Davis, California restaurant can go a long way in helping you attract potential buyers. Conversely, if the overall aesthetic of your Davis, California restaurant does not look good to buyers, they could take a pass immediately.

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

Spot-free windows, polished door handles and a neat floor are other small items that would help create a memorable initial impression.

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

Non-functional equipment can raise doubt about your financial capabilities and production capabilities. It can even dampen the mood of your employees, and in response, 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 Davis, California restaurant.

#7 look for Davis Buyers

Looking for potential buyers is time-consuming and can require specific skills and a certain level of experience. This may require that you hire an experienced Davis, California restaurant broker to help. The professional Davis, California restaurant broker will have recommendations for saving time for drawing in more potential buyers. However, if you make the decision to handle this task yourself, you will need to create proper advertising. You can offer your Davis, California restaurant on business websites and tell family and friends about your plans to market for sale your Davis, California restaurant.

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

#8 Be Ready

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

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

#9 Sell Your Davis, California Restaurant

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

You may need your attorney’s expertise in creating this document. Involving an attorney is recommended to ensure the Asset Purchase Agreement covers every aspect of the deal.

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

Choosing a Davis, California Restaurant Broker

While trying to sell your Davis, California restaurant on your own can be an exhilarating project, it could also be quite risky, especially for first-timers.

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

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

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

Contact a Davis, California Restaurant Broker

Choosing to sell your Davis, California restaurant through a Davis, California restaurant broker has several advantages. First, however, you need to select the best Davis, California restaurant broker to help you in selling your Davis, California restaurant.

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

Davis Zip Codes We Support: 95616, 95617, 95618