Are You Ready to Sell Your Eastvale, California Restaurant?

After years of labor, you have made the decision sell your Eastvale, California restaurant

Contemplating opening a new Eastvale, California restaurant, moving, or even retiring. No matter the reason, selling a Eastvale, California restaurant can be way more complicated than you might think. Thats because it takes thoughtful preparation and a solid game plan to successfully get out with enough profit for all the time you’ve put into it.

Important Steps to Consider when Selling Your Restaurant

You can either make the decision to contract with a eatery broker to assist you in selling your Eastvale, California restaurant or do the task yourself. If you are considering selling your Eastvale, California restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Put Together the Business Documentation

This is an important preparatory step to make when you begin the process of offering your Eastvale, California restaurant.

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

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

Corbett Restaurant Group comes with experience to assist you in the sale of your Eastvale, 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 first day. But, you may want to have them on hand because you will certainly require them during the sales process.

Also, putting together these documents allows you to see your Eastvale, California restaurant through the lens of a buyer. This provides you a clear picture of the Eastvale, California restaurant you are selling. In addition, it helps you identify whether there are any loopholes you'll need to take care of.

#2 Put Your Financials in Order

Your financial documents are a crucial aspect of selling your Eastvale, California restaurant. This is the reason you should strive to have these documents complete and well organized.

Showing your financial records to possible buyers could help clear any doubt they might have regarding your Eastvale, California restaurant.

The financial documents can include:

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

In addition, ensure you have duplicate copies of all of the documents. This will make it easier for you to send the records to potential buyers.

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

#3 Organize the Details of Your Commercial Lease

In the process of preparing to sell your Eastvale, California restaurant, you need to understand of your commercial lease. It could be disappointing if, after securing a buyer, your lease hinders you from closing the deal.

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

#4 Appraise Your Restaurant

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

This will be in your best interest to ensure that you increase sales and reduce expenses to increase your cash flow starting to sell your Eastvale, California restaurant.

The average time it takes to sell a Eastvale, California restaurant is six months. Within those six months, there are several things you can do in order to strengthen your profit and reduce various costs, and therefore increase the worth of your Eastvale, 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 will aid you in coming up with the overall value of your Eastvale, California restaurant. Understanding the overall value will help you determine a selling price.

#5 Make Your Restaurant Attractive

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

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

Clean windows, polished door handles and a clean floor are also easy things that can help create a great first impression.

Additionally, you should ensure all the equipment is in satisfactory condition. If your equipment is not functioning, it may send the message that you are hurried to pass a bad deal to the buyer.

Faulty equipment also raises doubt about your financial status and production abilities. It may even dampen the morale of your staff, which in response, negatively affect your output and effect your profit and loss statement.

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

#7 look for Eastvale Buyers

Looking for prospective buyers can be time-consuming and can require specialized skills and a certain level of experience. This may demand that you hire a professional Eastvale, California restaurant broker to help. The professional Eastvale, California restaurant broker will come with recommendations for saving time & money for drawing in more prospective buyers. However, if you decide to take on this project by yourself, you will need to carry out proper advertising. You can market your Eastvale, California restaurant on business websites and tell family and friends about your intentions to sell your Eastvale, California restaurant.

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

#8 Be Ready

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

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

#9 Sell Your Eastvale, 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 complete the deal. The paperwork will usually start with the Asset Purchase Agreement.

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

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

Choosing a Eastvale, California Restaurant Broker

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

It's true, if you're looking to achieve the most from of the business transaction, you need a higher level of expertise to stand above and against your competition while trying to attract buyers.

Experience is also vital during negotiations with potential buyers. This is where an experienced Eastvale, California restaurant broker is needed. A Eastvale, California restaurant broker has the resources, experience and strategy required to easily take on the task of selling your Eastvale, California restaurant. Additionally, a restaurant broker will liekly help you sell faster and at a great price.

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

Contact a Eastvale, California Restaurant Broker

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

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

Eastvale Zip Codes We Support: 91752, 92860, 92880