Right Time to Sell Your Dublin, California Restaurant?

After years of sweat equity, you have decided to sell your Dublin, California restaurant

Contemplating starting a different eatery, moving, or maybe slowing down. No matter the reason, selling a Dublin, California restaurant can be a lot more difficult than you may realize. Thats because it takes thoughtful preparation and a solid strategy to successfully exit with enough money for all the time you’ve put into it.

Important Steps to Take when Selling Your Restaurant

You may either think to hire a eatery broker to assist you in selling your Dublin, California restaurant or take on the task yourself. If you are considering selling your Dublin, California restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Put Together any Necessary Paperwork

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

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

• A list of your assets
• Lease document
• 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 experience to help you in the sale of your Dublin, California restaurant. Call today for a no strings attached business review at (888) 266-5182.

You probably do not want to reveal the majority of these documents to a possible buyer right away. But, you may want to have them on hand because you will eventually require them during the sales process.

Also, putting together these documents lets you see your Dublin, California restaurant through the lens of a buyer. It provides you a clear picture of the Dublin, California restaurant you are selling. Furthermore, it helps you identify whether there are any loopholes you'll have to take care of.

#2 Get Your Financial Documents in Order

Your financial documents are a crucial detail of selling your Dublin, California restaurant. This is why you should make it a priority to make your documents complete and well organized.

Offering your financial records to possible buyers may help clear any doubt they might have regarding your Dublin, California restaurant.

These financial records could 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 the records. This will make it easier for you to send the records to possible buyers.

Also, as the seller, you have to disclose information including debts, owed taxes, expected repairs, etc. Failing to inform a buyer about these things could create legal issues for you if a buyer later on discovers these liabilities after signing the deal.

#3 Gather the Information On Your Commercial Lease

While preparing to sell your Dublin, California restaurant, you must find out the terms 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 regarding your plan to sell your Dublin, California restaurant and to potentially extend your lease.

#4 Get An Appraisal For Your Restaurant

Buyers and investors will often request an detailed evaluation of your financials, whether favorable or not, this helps with estimating the value of your Dublin, California restaurant.

It is therefore in your best interest to make sure that you augment sales and reduce expenses to build up your cash flow planning to sell your Dublin, California restaurant.

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

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

This could aid you in deriving the probable worth of your Dublin, California restaurant. If you understand the overall value this could help you settle on a selling price.

#5 Increase Curb Appeal

The appearance of your Dublin, California restaurant can go a long way in helping you bring potential buyers. Alternatively, if the general curb appeal of your Dublin, California restaurant does not look good to buyers, they likely pass over without consideration.

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

Spot-free windows, polished handles and a presentable floor are other easy items that could help create a great first impression.

Furthermore, you should ensure all the equipment is in satisfactory condition. If your equipment is not working, it can send the message that you are in a hurry to pass a bad deal to the buyer.

Faulty equipment could raise doubt about your financial situation and output capabilities. It may even lower the mood of your staff, and in response, negatively affect your productivity and effect your profit and loss statement.

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

#7 look for Dublin Buyers

Searching for prospective buyers is time-consuming and can require specific skills and a certain level of experience. This may require that you hire a professional Dublin, California restaurant broker to help. A professional Dublin, California restaurant broker will come with recommendations for saving time for attracting more potential buyers. However, if you decide to take on this project alone, you will need to carry out proper advertising. You can offer your Dublin, California restaurant on listing websites and tell family and friends about your intentions to market for sale your Dublin, California restaurant.

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

#8 Be Ready

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

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

#9 Sell Your Dublin, California Restaurant

This is the final action to take following a successful negotiation with a buyer. This stage includes the presentation of the necessary paperwork to finalize the transaction. The paperwork often begin with the Asset Purchase Agreement.

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

This document includes details such as the selling price of your Dublin, California restaurant, assets and equipment and inventory value.

Choosing a Dublin, California Restaurant Broker

Although attempting to sell your Dublin, California restaurant on your own can be an exhilarating endeavor, 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 experience in order to stand above and against your competition while attempting to attract buyers.

Experience is also vital during negotiations with potential buyers. This is when an experienced Dublin, California restaurant broker is needed. A Dublin, California restaurant broker has the resources, experience and strategy needed to easily take on the task of marketing for sale your Dublin, California restaurant. Additionally, a restaurant broker can help you sell quicker and at a great price.

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

Contact a Dublin, California Restaurant Broker

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

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

Dublin Zip Codes We Support: 94551, 94568