Ready to Sell Your El Dorado Hills, California Restaurant?

Following years of sweat equity, you have made the decision sell your El Dorado Hills, California restaurant

Considering starting a new eatery, moving, or even slowing down. Regardless of the reason, selling a El Dorado Hills, California restaurant can be a lot more complicated than you might think. This is because it takes careful preparation and a solid strategy to successfully walk away with enough proceeds for all the labor you may have put into it.

Necessary Steps to Consider in Selling Your Restaurant

You may either make the decision to hire a El Dorado Hills, California restaurant broker to guide you in selling your El Dorado Hills, California restaurant or take on the task yourself. Whether considering selling your El Dorado Hills, California restaurant on your own for the first time or with a restauarant broker, here are some tasks you can expect.

#1 Put Together the Important Documentation

This is an important preparatory step to take when you begin the process of marketing your El Dorado Hills, California restaurant.

The necessary documents may vary from state to state--even in California, but the following is a list of some generalized documents you may be requierd to have at hand:

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

Corbett Restaurant Group comes with experience to assist you in the market for sale of your El Dorado Hills, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

You probably do not want to reveal the majority of these documents to a prospective buyer day one. However, you should have them at hand because you will certainly require them during the sales process.

Also, compiling these documents lets you view your El Dorado Hills, California restaurant through the lens of a buyer. This provides you a clear image of the El Dorado Hills, California restaurant you are offering for sale. In addition, it allows you to identify if there are any areas you will need to address.

#2 Get Your Financial Records in Order

Your financial documents are an important part of selling your El Dorado Hills, California restaurant. That’s the reason you should strive to have your documents accurate and well organized.

Showing your financial records to possible buyers may help clear any hesitations they might have regarding your El Dorado Hills, California restaurant.

Your financial records 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 may make it easier for you to transmit the records to possible buyers.

Likewise, as the seller, you have to disclose information such as debts, owed taxes, deferred repairs, etc. Failing to inform a buyer regarding these items could create legal problems for you if a buyer later on discovers these ommissions after signing the deal.

#3 Organize the Information On Your Commercial Lease

While preparing to sell your El Dorado Hills, California restaurant, you need to review of your commercial lease. It could be disappointing if, after securing a buyer, your lease ends up preventing you from sealing the deal.

For this reason, it is advisable to talk to your landlord concerning your plan to sell your El Dorado Hills, California restaurant and to potentially extend your lease.

#4 Get An Appraisal For Your Restaurant

Buyers and investors could request an detailed analysis of your financial records, whether favorable or not, this helps with estimating the value of your El Dorado Hills, California restaurant.

This will be in your best interest to ensure that you augment sales and make a reduction in your expenses to increase your cash flow planning to sell your El Dorado Hills, California restaurant.

The estimated time it may take to sell a El Dorado Hills, California restaurant is 6 months. Within the six months, there are several things you can do in order to increase your profit and cut various costs, and thus increase the value of your El Dorado Hills, California restaurant.

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

This may help you in estimating the probable worth of your El Dorado Hills, California restaurant. Understanding the overall value will help you come up with a selling price.

#5 Make Your Restaurant Look Awesome

The appearance of your El Dorado Hills, California restaurant could go a great distance in helping you attract potential buyers. Alternatively, if the general aesthetic of your El Dorado Hills, California restaurant does not appeal to buyers, they might pass over without consideration.

To avoid this from happening, everything in and out of your El Dorado Hills, California restaurant must be cleaned and maintained. Landscaping and a clean parking area could help create appeal for potential buyers.

Spot-free windows, polished handles and a neat floor are other easy things that can help create a memorable first impression.

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

Faulty equipment also raises doubt about your financial situation and production capabilities. It could even lower the morale 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 regarding purchasing your El Dorado Hills, California restaurant.

#7 look for El Dorado Hills Buyers

Searching for prospective buyers can be time-consuming and can require specialized skills and a certain level of expertise. This may demand that you hire an experienced El Dorado Hills, California restaurant broker to help. The professional El Dorado Hills, California restaurant broker will come with recommendations for saving time & money for attracting more potential buyers. However, if you make the decision to handle this project alone, you will need to carry out appropriate advertising. You can list your El Dorado Hills, California restaurant on business websites and tell family and friends about your intentions to market for sale your El Dorado Hills, California restaurant.

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

#8 Be Prepared

If you decide to sell your El Dorado Hills, California restaurant yourself, or with a a El Dorado Hills, California restaurant broker, you need to always be prepared. Be prepared to show your El Dorado Hills, California restaurant to potential buyers at all times.

You never know when a buyer will walk into your El Dorado Hills, California restaurant. Some buyers may even visit as customers in order to carry out some research before reaching out to you.

#9 Sell Your El Dorado Hills, California Restaurant

This is the final action to take following a successful negotiation with a buyer. This stage includes the presentation of the important documentation to finalize the deal. The paperwork will usually begin with the Asset Purchase Agreement.

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

This document includes details including the selling price of your El Dorado Hills, California restaurant, items and equipment and inventory value.

Choosing a El Dorado Hills, California Restaurant Broker

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

It's true, in order for you to get the most from of the business transaction, you need a higher level of experience to stand out against the cometitors while trying to find buyers.

Expertise is also vital during negotiations with potential buyers. This is where an experienced El Dorado Hills, California restaurant broker is recommended. A El Dorado Hills, California restaurant broker has the resources, experience and strategy required to easily take on the task of marketing for sale your El Dorado Hills, California restaurant. Additionally, a restaurant broker will liekly help you sell faster and get you a higher sale value.

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

Contact a El Dorado Hills, California Restaurant Broker

Choosing to sell your El Dorado Hills, California restaurant through a El Dorado Hills, California restaurant broker has multiple advantages. First, however, you need to select the best El Dorado Hills, California restaurant broker to help you in selling your El Dorado Hills, California restaurant.

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

El Dorado Hills Zip Codes We Support: 95672, 95682, 95762