Ready to Sell Your Fremont, California Restaurant?

After years of hard work, you have decided to sell your Fremont, California restaurant

Considering starting a different eatery, relocating, or maybe slowing down. Regardless of the reason, selling a Fremont, California restaurant can be way more complicated than you might think. Thats because it takes careful preparation and a solid game plan to successfully get out with enough profit for all the labor you’ve put into it.

Necessary Steps to Take in Selling Your Restaurant

You may either decide to hire a eatery broker to help you in selling your Fremont, California restaurant or take on the task on your own. Whether considering selling your Fremont, 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 preparatory step to take when you commence the process of marketing your Fremont, 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 ready:

• 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 Fremont, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

It's probably smart not to show all these documents to a possible buyer day one. But, you may want to have them ready because you will certainly require them during the sales process.

Also, compiling these documents lets you view your Fremont, California restaurant through the lens of a buyer. This provides you a clear picture of the Fremont, California restaurant you're selling. In addition, it allows you to identify whether there are any concerns you will have to take care of.

#2 Get Your Financials in Order

Your financial records are a crucial aspect of selling your Fremont, California restaurant. That’s why you should strive to make these documents complete and well organized.

Showing your financial documents to prospective buyers could aid clear any hesitations they might have regarding your Fremont, California restaurant.

These financial records can include:

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

In addition, make sure you have soft copies of all of these records. This could make it easier for you to transmit the records to potential buyers.

Also, as a seller, you must disclose information including debts, owed taxes, planned repairs, etc. Failure to inform a buyer about these items can create legal issues for you if a buyer later discovers these ommissions post completing the deal.

#3 Organize the Details of Your Commercial Lease

While preparing to sell your Fremont, California restaurant, you need to understand of your commercial lease. It would be disappointing if, after attracting a buyer, your lease hinders you from sealing the deal.

For this reason, it is advisable to have a discussion with your landlord regarding your plan to sell your Fremont, California restaurant and to possibly extend your lease.

#4 Have Your Restauarant Appraised

Buyers and investors will often request an detailed evaluation of your financial records, whether favorable or not, this will help them evaluate the true value of the Fremont, California restaurant.

This will be in your best interest to ensure that you increase sales and make a reduction in your expenses to increase your cash flow starting to sell your Fremont, California restaurant.

The estimated time it takes to sell a Fremont, California restaurant is 6 months. Within those six months, there are several things you can do to strengthen your profit and reduce various costs, and thus increase the worth of your Fremont, California restaurant.

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

This could assist you in coming up with the probable worth of your Fremont, California restaurant. If you understand the overall value this may help you determine a selling price.

#5 Increase Curb Appeal

The first impression of your Fremont, California restaurant can go a great distance in helping you bring potential buyers. Conversely, if the general aesthetic of your Fremont, California restaurant does not look good to buyers, they likely take a pass without a second look.

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

Spot-free windows, polished door handles and a clean floor are also easy things that can help create a unforgettable first impression.

Additionally, you should make sure all the equipment is in top condition. If your equipment is not working, it could 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 may even dampen 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 concerning buying your Fremont, California restaurant.

#7 look for Fremont Buyers

Looking for prospective buyers is time-consuming and often requires specialized skills and a certain level of experience. This may demand that you hire an experienced Fremont, California restaurant broker to help. The professional Fremont, California restaurant broker will offer recommendations for saving time & money for drawing in more prospective buyers. However, if you decide to handle this project by yourself, you will need to carry out proper advertising. You can show your Fremont, California restaurant on listing websites and let your family and friends know about your plans to sell your Fremont, California restaurant.

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

#8 Be Ready

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

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

#9 Sell Your Fremont, California Restaurant

This is the final action to take after a successful negotiation with a buyer. This stage includes the presentation of the necessary paperwork to complete the contract. The paperwork will likely start with the Asset Purchase Agreement.

You should have your attorney’s help in creating this document. Involving an attorney is recommended to make sure the Asset Purchase Agreement covers every aspect of the deal.

This agreement includes details such as the selling price of your Fremont, California restaurant, items and equipment as well as inventory value.

Choosing a Fremont, California Restaurant Broker

While attempting to sell your Fremont, California restaurant on your own can be an exhilarating project, it could also be quite risky, especially for first-timers.

The fact remains, in order for you to achieve the most from of the business transaction, you need some level of expertise to stand out against your cometitors while attempting to attract buyers.

Experience is also vital during negotiations with potential buyers. This is when an experienced Fremont, California restaurant broker is needed. A Fremont, California restaurant broker has the resources, expertise and strategy needed to easily take on the task of selling your Fremont, California restaurant. Additionally, a restaurant broker will liekly help you sell faster and get you a higher sale value.

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

Contact a Fremont, California Restaurant Broker

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

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

Fremont Zip Codes We Support: 94536, 94537, 94538, 94539, 94555, 94587