Decided to Sell Your Florin, California Restaurant?

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

Considering starting a different eatery, relocating, or even slowing down. No matter the reason, selling your Florin, 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 money for all the sweat you’ve put into it.

Necessary Steps to Consider in Selling Your Restaurant

You can either make the decision to hire a eatery broker to help you in selling your Florin, California restaurant or take on the task on your own. If you are considering selling your Florin, California restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Put Together the Business Paperwork

This is a necessary preparatory step to make when you start the process of offering your Florin, California restaurant.

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

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

Corbett Restaurant Group has the expertise to help you in the market for sale of your Florin, California restaurant. Call today for a no-obligation consultation at (888) 266-5182.

It's probably smart not to show the majority of these documents to a possible buyer right away. However, you may want to have them ready because you will certainly require them during the sales process.

Also, putting together these documents lets you view your Florin, California restaurant through the lens of a buyer. This provides you a clear image of the Florin, California restaurant you're offering for sale. In addition, it helps you identify whether there are any areas you will have to address.

#2 Get Your Financial Records in Order

Your financial documents are an important part of selling your Florin, California restaurant. This is why you should make it a priority to make your documents complete and organized.

Showing your financial documents to possible buyers may assist to clear any doubt they might have concerning your Florin, 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 the documents. This will make it easier for you to send the information to potential buyers.

In addition, as a seller, you must disclose information such as debts, owed taxes, deferred repairs, etc. Failing to inform a buyer about these things can create legal issues for you if a buyer later discovers these ommissions post sealing the deal.

#3 Gather the Details of Your Commercial Lease

While preparing to sell your Florin, California restaurant, you must find out the terms of your commercial lease. It would be disappointing if, after securing a buyer, your lease hinders you from sealing the deal.

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

#4 Appraise Your Restaurant

Buyers and investors could request an in-depth evaluation of your financials, whether favorable or not, this will help them evaluate the value of your Florin, 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 starting to sell your Florin, California restaurant.

The average time it takes to sell a Florin, California restaurant is six months. Within the six months, there are many things you can do to strengthen your profit and cut several costs, and therefore strengthen the worth of your Florin, California restaurant.

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

This could aid you in estimating the probable worth of your Florin, California restaurant. When you understand the overall value this may help you settle on a selling price.

#5 Increase Curb Appeal

The appearance of your Florin, California restaurant could go a long way in helping you bring potential buyers. Conversely, if the general aesthetic of your Florin, California restaurant does not appeal to buyers, they could pass over immediately.

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

Clean windows, polished door handles and a clean floor are other simple items that could help create a great first impression.

Furthermore, you should make sure all the equipment is in top condition. If your equipment is not working, it may convey the message that you are hurried to pass a bad deal to the buyer.

Faulty equipment could raise doubt about your financial status and production abilities. It could even lower the excitment 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 regarding buying your Florin, California restaurant.

#7 look for Florin Buyers

Searching for prospective buyers is time-consuming and can require specialized skills and a certain level of experience. This may demand that you hire a professional Florin, California restaurant broker to help. A professional Florin, California restaurant broker will have recommendations for saving time for attracting more potential buyers. However, if you decide to handle this project by yourself, you will need to create proper advertising. You can list your Florin, California restaurant on business websites and tell family and friends about your intentions to market for sale your Florin, California restaurant.

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

#8 Be Prepared

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

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

#9 Sell Your Florin, California Restaurant

This is the remaining action to take after a successful negotiation with a buyer. This stage involves the presentation of the necessary documentation to finalize the deal. The documentation often begin with the Asset Purchase Agreement.

You should have your attorney’s help in drafting this document. Working with an attorney is recommended to ensure the Asset Purchase Agreement covers every aspect of the deal.

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

Choosing a Florin, California Restaurant Broker

While attempting to sell your Florin, California restaurant on your own can be an exciting endeavor, it can also be very risky, especially for first time sellers.

The fact remains, if you're looking to get the most from of the business transaction, you need some level of experience in order to stand out against your cometitors while trying to attract buyers.

Experience is also vital during negotiations with potential buyers. This is where an experienced Florin, California restaurant broker is recommended. A Florin, California restaurant broker has the resources, expertise and strategy required to easily take on the task of marketing for sale your Florin, California restaurant. Additionally, a restaurant broker will liekly help you sell faster and for more money.

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

Contact a Florin, California Restaurant Broker

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

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

Florin Zip Codes We Support: 95624, 95823, 95828