Ready to Sell Your Foothill Farms, California Restaurant?

Following years of sweat equity, you have made the decision sell your Foothill Farms, California restaurant

Contemplating starting a new Foothill Farms, California restaurant, relocating, or maybe retiring. Regardless of the reason, selling a Foothill Farms, California restaurant can be way more challenging than you may realize. Thats because it takes careful preparation and a solid game plan to successfully walk away with enough proceeds for all the labor you may have put into it.

Important Actions to Consider when Selling Your Restaurant

You can either think to contract with a eatery broker to guide you in selling your Foothill Farms, California restaurant or take on the task yourself. Whether considering selling your Foothill Farms, California restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Gather all Important Documentation

This is a necessary first step to make when you start the process of marketing your Foothill Farms, California restaurant.

The necessary paperwork 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 on you:

• Gather your assets
• Lease document
• 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 Foothill Farms, California restaurant. Call today for a no strings attached consultation at (888) 266-5182.

It's probably best not to reveal all these documents to a prospective buyer day one. But, you should have them ready because you will eventually require them during the sales process.

In addition, putting together these documents allows you to view your Foothill Farms, California restaurant through the lens of a buyer. This provides you a clear image of the Foothill Farms, California restaurant you're offering for sale. Furthermore, it allows you to show if there are any areas you will have to take care of.

#2 Put Your Financial Documents in Order

Your financial records are an important aspect of selling your Foothill Farms, California restaurant. This is why you should make it a priority to make these documents complete and well organized.

Offering your financial documents to potential buyers could assist to clear any hesitations they may have regarding your Foothill Farms, California restaurant.

Your financial documents may include:

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

Also, make sure you have soft copies of all of the records. This may make it easier for you to send the information to possible buyers.

Also, as a seller, you must disclose information such as debts, owed taxes, expected repairs, etc. Failure to inform a buyer about these things can create legal issues for you if a buyer later discovers these liabilities post sealing the deal.

#3 Gather the Information On Your Commercial Lease

In the process of preparing to sell your Foothill Farms, California restaurant, you must find out the terms of your commercial lease. It would be disappointing if, after attracting a buyer, your lease prevents you from sealing the deal.

For this reason, it could be advisable to talk to your landlord regarding your plan to sell your Foothill Farms, California restaurant and to potentially extend your lease.

#4 Have Your Restauarant Appraised

Buyers and investors could request an in-depth analysis of your financial records, whether favorable or not, this helps with estimating the true value of your Foothill Farms, California restaurant.

It is therefore in your best interest to make sure that you increase sales and make a reduction in your expenses to build up your cash flow starting to sell your Foothill Farms, California restaurant.

The average time it takes to sell a Foothill Farms, California restaurant is 6 months. Within the six months, there is a lot you can do in order to strengthen your profit and reduce various costs, and thus strengthen the value of your Foothill Farms, California restaurant.

In addition, with regards 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 assist you in estimating the probable value of your Foothill Farms, California restaurant. Understanding the overall value will help you come up with a selling price.

#5 Make Your Restaurant Look Good

The appearance of your Foothill Farms, California restaurant will go a long way in helping you attract potential buyers. Alternatively, if the overall look of your Foothill Farms, California restaurant does not look good to buyers, they likely take a pass without consideration.

To prevent this from happening, everything in and out of your Foothill Farms, California restaurant must be cleaned and maintained. Landscaping and a clean parking area could help create appeal for prospective buyers.

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

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

Non-functional equipment also raises doubt about your financial capabilities and production capabilities. It could even lower the excitment 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 regarding buying your Foothill Farms, California restaurant.

#7 look for Foothill Farms Buyers

Searching for prospective buyers is time-consuming and can require specialized skills and a certain level of expertise. This may demand that you hire an experienced Foothill Farms, California restaurant broker to help. The professional Foothill Farms, California restaurant broker will come with recommendations for saving time & money for drawing in more prospective buyers. However, if you decide to handle this project alone, you will need to create proper advertising. You can list your Foothill Farms, California restaurant on business websites and tell family and friends about your plans to market for sale your Foothill Farms, California restaurant.

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

#8 Be Prepared

Regardless if you decide to sell your Foothill Farms, California restaurant yourself, or through a Foothill Farms, California restaurant broker, you need to always be prepared. Be ready to show your Foothill Farms, California restaurant to potential buyers at all times.

You never know when a buyer could walk into your Foothill Farms, California restaurant. Some buyers may even come in as customers just to carry out some research before reaching out to you.

#9 Sell Your Foothill Farms, California Restaurant

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

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

This agreement includes details such as the selling price of your Foothill Farms, California restaurant, assets and equipment and inventory value.

Choosing a Foothill Farms, California Restaurant Broker

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

The fact remains, if you're looking to get the most from of the business transaction, you need a higher 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 when an experienced Foothill Farms, California restaurant broker is needed. A Foothill Farms, California restaurant broker has the resources, experience and strategy needed to easily take on the task of marketing for sale your Foothill Farms, California restaurant. Additionally, a restaurant broker will liekly help you sell faster and get you a higher sale value.

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

Contact a Foothill Farms, California Restaurant Broker

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

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

Foothill Farms Zip Codes We Support: 95660, 95841, 95842