Time to Sell Your Dinuba, California Restaurant?

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

Considering opening a different eatery, relocating, or even slowing down. No matter the reason, selling a Dinuba, California restaurant can be way more complicated than you might think. Thats because it takes thoughtful preparation and a solid game plan to successfully exit with enough proceeds for all the sweat you may have put into it.

Important Actions to Take in Selling Your Restaurant

You can either make the decision to contract with a Dinuba, California restaurant broker to help you in selling your Dinuba, California restaurant or take on the task yourself. Whether considering selling your Dinuba, California restaurant on your own for the first time or with a restauarant broker, here are some tasks you can plan for.

#1 Put Together the Business Documentation

This is an important initial step to make when you commence the process of selling your Dinuba, California restaurant.

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

• Gather your assets
• Lease contract
• 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 has the experience to assist you in the market for sale of your Dinuba, California restaurant. Call today for a no-obligation consultation at (888) 266-5182.

It's probably smart not to show all these documents to a possible buyer first day. However, you should have them on hand because you will eventually require them during the sales process.

Also, putting together these documents lets you see your Dinuba, California restaurant through the lens of a buyer. This provides you a clear image of the Dinuba, California restaurant you are offering for sale. In addition, it allows you to show if there are any areas you'll need to address.

#2 Put Your Financials in Order

Your financial documents are a crucial detail of selling your Dinuba, California restaurant. This is why you should make it a priority to have these documents accurate and organized.

Offering your financial records to possible buyers could aid clear any hesitations they may have regarding your Dinuba, California restaurant.

Your financial records could 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 records. This can make it easier for you to transmit the records to potential buyers.

Also, as a seller, you have to disclose information including debts, owed taxes, deferred repairs, etc. Failure to inform a buyer regarding these things can create legal problems for you if a buyer later discovers these liabilities post completing the deal.

#3 Gather the Details of Your Commercial Lease

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

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

#4 Get An Appraisal For Your Restaurant

Buyers and investors will often request an in-depth analysis of your financials, whether favorable or not, this will help them estimate the value of the Dinuba, California restaurant.

It is therefore in your best interest to make sure that you increase sales and make a reduction in your expenses to increase your cash flow starting to sell your Dinuba, California restaurant.

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

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

This could assist you in deriving the overall value of your Dinuba, California restaurant. When you understand the overall worth this could help you settle on a selling price.

#5 Make Your Restaurant Look Better

The appearance of your Dinuba, California restaurant will go a great distance in helping you bring potential buyers. Conversely, if the general look of your Dinuba, California restaurant does not look good to buyers, they might take a pass without a second look.

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

Clean windows, polished door handles and a neat floor are other simple 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 functioning, it could send the message that you are in a hurry to pass a bad deal to the buyer.

Non-functional equipment may rouse doubt about your financial situation and production capabilities. It could even lower the mood of your staff, 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 Dinuba, California restaurant.

#7 Search for Dinuba Buyers

Searching for prospective buyers is time-consuming and can require specific skills and a certain level of expertise. This may demand that you hire an experienced Dinuba, California restaurant broker to help. The professional Dinuba, California restaurant broker will offer recommendations for saving time & money for attracting more potential buyers. However, if you decide to take on this project alone, you will need to carry out appropriate advertising. You can show your Dinuba, California restaurant on listing websites and tell family and friends about your plans to sell your Dinuba, California restaurant.

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

#8 Be Ready

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

You will never know when a buyer could visit your Dinuba, California restaurant. Some buyers might even come in as customers just to perform some research before reaching out to you.

#9 Sell Your Dinuba, California Restaurant

This is the last action to take following a successful negotiation with a buyer. This stage includes the presentation of the important documentation to finalize the contract. The documentation will usually start 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 aspect of the transaction.

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

Choosing a Dinuba, California Restaurant Broker

While attempting to sell your Dinuba, California restaurant on your own can be an exhilarating endeavor, it can also be very risky, especially for first-timers.

It's true, in order for you to achieve the most from of the business transaction, you need some level of experience to stand out against the competition while trying to find buyers.

Expertise is also vital during negotiations with prospective buyers. This is when an experienced Dinuba, California restaurant broker is needed. A Dinuba, California restaurant broker has the resources, expertise and strategy required to easily take on the task of marketing for sale your Dinuba, California restaurant. Additionally, a restaurant broker can help you sell faster and at a great price.

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

Contact a Dinuba, California Restaurant Broker

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

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

Dinuba Zip Codes We Support: 93618