Ready to Sell Your Florence Graham, California Restaurant?

Following years of labor, you have made the decision sell your Florence Graham, California restaurant

Considering starting a different Florence Graham, California restaurant, moving, or even retiring. Regardless of the reason, selling a Florence Graham, California restaurant can be way more difficult than you might realize. Thats because it takes careful preparation and a solid strategy to successfully exit with enough proceeds for all the labor you’ve put into it.

Important Actions to Consider when Selling Your Restaurant

You may either decide to contract with a Florence Graham, California restaurant broker to assist you in selling your Florence Graham, California restaurant or take on the task on your own. If you are considering selling your Florence Graham, California restaurant on your own for the first time or with a restauarant broker, here are some steps you can expect.

#1 Put Together any Business Documentation

This is an important initial step to take when you begin the process of selling your Florence Graham, California restaurant.

The required paperwork may vary from state to state--even in California, but below is a list of a few standard documents you may need to have at hand:

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

Corbett Restaurant Group comes with experience to help you in the sale of your Florence Graham, California restaurant. Call today for a no strings attached business review at (888) 266-5182.

You certainly do not want to reveal the majority of these documents to a potrntial buyer day one. However, you should have them ready because you will eventually need them during the sales process.

Also, compiling these documents lets you view your Florence Graham, California restaurant through the lens of a buyer. This provides you a clear picture of the Florence Graham, California restaurant you are offering for sale. Furthermore, it allows you to show if there are any loopholes you'll need to address.

#2 Put Your Financial Records in Order

Your financial records are a crucial detail of selling your Florence Graham, California restaurant. That’s why you should strive to have these documents accurate and organized.

Showing your financial records to prospective buyers may aid clear any hesitations they may have regarding your Florence Graham, California restaurant.

These financial documents could include:

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

In addition, make sure you have duplicate copies of all of the documents. This may make it easier for you to send the documentation to potential buyers.

Likewise, as a seller, you have to disclose information such as debts, owed taxes, planned repairs, etc. Failure to inform a buyer regarding these items can create legal problems for you if a buyer later discovers these liabilities post signing the deal.

#3 Organize the Details of Your Commercial Lease

In the process of preparing to sell your Florence Graham, California restaurant, you need to understand of your commercial lease. It could be devestating if, after securing a buyer, your lease ends up preventing you from sealing the deal.

For this reason, it may advisable to have a discussion with your landlord regarding your plan to sell your Florence Graham, California restaurant and to potentially extend your lease.

#4 Get An Appraisal For Your Restaurant

Buyers and investors will most likely request an detailed evaluation of your financial records, whether favorable or not, this helps with estimating the value of your Florence Graham, California restaurant.

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

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

Also, when it comes to your assets, you'll to understand the depreciation involved. Everything depreciates, so it’s a good idea to individually value your assets.

This will help you in estimating the overall value of your Florence Graham, California restaurant. When you understand the overall value this may help you come up with a selling price.

#5 Make Your Restaurant Look Better

The appearance of your Florence Graham, California restaurant could go a great distance in helping you attract potential buyers. Alternatively, if the overall look of your Florence Graham, California restaurant does not appeal to buyers, they likely take a pass immediately.

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

Spot-free windows, polished handles and a neat floor are other small items that can help create a unforgettable first impression.

Additionally, you should ensure that all your equipment is in satisfactory condition. If your equipment is not functioning, it could send the message that you're in a hurry to pass a bad deal to the buyer.

Non-functional equipment may rouse doubt about your financial situation and output capabilities. It can even dampen the morale 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 potential buyers regarding purchasing your Florence Graham, California restaurant.

#7 look for Florence Graham Buyers

Searching for potential buyers is time-consuming and often requires specialized skills and a certain level of experience. This may require that you hire an experienced Florence Graham, California restaurant broker to help. The professional Florence Graham, California restaurant broker will have recommendations for saving time for drawing in more potential buyers. However, if you make the decision to take on this project by yourself, you will need to create appropriate advertising. You can list your Florence Graham, California restaurant on listing websites and let your family and friends know about your intentions to market for sale your Florence Graham, California restaurant.

As you will likely run across competition when trying to sell your Florence Graham, California restaurant, you need your restaurant to stand out.

#8 Be Prepared

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

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

#9 Sell Your Florence Graham, California Restaurant

This is the final action to take after a successful negotiation with a buyer. This stage involves the presentation of the necessary paperwork to finalize the deal. The paperwork will usually start with the Asset Purchase Agreement.

You may need your attorney’s assistance in drafting this document. Involving an attorney is recommended to make sure the Asset Purchase Agreement covers every detail of the transaction.

This document includes details including the selling price of your Florence Graham, California restaurant, assets and equipment and inventory value.

Choosing a Florence Graham, California Restaurant Broker

While trying to sell your Florence Graham, California restaurant on your own can be an exciting project, it could also be very risky, especially for first-timers.

It's true, if you're looking to get the most out of the business transaction, you need a higher level of expertise in order to stand above and against your competition while trying to find buyers.

Experience is also vital during negotiations with prospective buyers. This is where an experienced Florence Graham, California restaurant broker is needed. A Florence Graham, California restaurant broker has the resources, expertise and strategy required to easily take on the task of marketing for sale your Florence Graham, California restaurant. Additionally, a restaurant broker can help you sell quicker and get you a higher sale value.

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

Contact a Florence Graham, California Restaurant Broker

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

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

Florence Graham Zip Codes We Support: 90001, 90002, 90052, 90255