Ready to Sell Your French Valley, California Restaurant?

Following years of sweat equity, you have made the decision sell your French Valley, California restaurant

Contemplating opening a different eatery, relocating, or even slowing down. No matter the reason, selling a French Valley, California restaurant can be a lot more complicated than you may realize. Thats because it takes careful preparation and a solid strategy to successfully exit with enough profit for all the sweat you may have put into it.

Necessary Steps to Take in Selling Your Restaurant

You may either think to contract with a eatery broker to guide you in selling your French Valley, California restaurant or take on the task on your own. If you are considering selling your French Valley, 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 initial step to take when you start the process of marketing your French Valley, California restaurant.

The required paperwork may vary from state to state--even in California, but the following is a list of some generalized documents you may need to have prepared:

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

Corbett Restaurant Group has the expertise to assist you in the market for sale of your French Valley, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

It's probably smart not to reveal all these documents to a possible buyer right away. But, you may want to have them on hand because you will certainly need them during the sales process.

Also, putting together these documents lets you see your French Valley, California restaurant through the lens of a buyer. This gives you a clear image of the French Valley, California restaurant you're selling. In addition, it helps you show whether there are any loopholes you will have to take care of.

#2 Put Your Financials in Order

Your financial documents are an important detail of selling your French Valley, California restaurant. This is why you should strive to have these documents accurate and well organized.

Offering your financial records to prospective buyers may assist to clear any doubt they may have regarding your French Valley, California restaurant.

Your financial documents could include:

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

In addition, ensure you have hard copies of all of the documents. This could make it easier for you to send the records to prospective buyers.

In addition, as a seller, you must disclose information including debts, owed taxes, expected repairs, etc. Failure to inform a buyer regarding these things could create legal issues for you if a buyer later discovers these ommissions post sealing the deal.

#3 Gather the Details of Your Commercial Lease

In the process of preparing to sell your French Valley, California restaurant, you need to understand of your commercial lease. It could be devestating if, after securing a buyer, your lease hinders you from closing the deal.

For this reason, it could be advisable to talk to your landlord concerning your plan to sell your French Valley, California restaurant and to potentially extend your lease.

#4 Have Your Restauarant Appraised

Buyers and investors will often request an detailed evaluation of your financials, whether favorable or not, this helps with estimating the true value of the French Valley, California restaurant.

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

The average time it takes to sell a French Valley, California restaurant is six months. Within those six months, there is a lot you can do to increase your profit and reduce several costs, and therefore increase the worth of your French Valley, 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 may help you in coming up with the probable worth of your French Valley, California restaurant. Understanding the overall value will help you settle on a selling price.

#5 Increase Curb Appeal

The appearance of your French Valley, California restaurant will go a great distance in helping you attract potential buyers. Alternatively, if the general curb appeal of your French Valley, California restaurant does not look good to buyers, they might pass over without a second look.

To avoid this from happening, all things in and out of your French Valley, California restaurant must be clean. Landscaping and a clean parking lot could help create appeal for prospective buyers.

Clean windows, polished handles and a presentable floor are also small things that would help create a memorable initial impression.

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

Faulty equipment could raise doubt about your financial situation and production capabilities. It may even dampen the excitment of your employees, which in turn, 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 French Valley, California restaurant.

#7 Search for French Valley Buyers

Looking for potential buyers is time-consuming and often requires specific skills and a certain level of experience. This may require that you hire an experienced French Valley, California restaurant broker to help. A professional French Valley, California restaurant broker will come with recommendations for saving time for drawing in more prospective buyers. However, if you decide to handle this task yourself, you will need to carry out proper advertising. You can list your French Valley, California restaurant on listing websites and tell family and friends about your plans to sell your French Valley, California restaurant.

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

#8 Be Ready

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

You never know when a buyer could visit your French Valley, California restaurant. Some buyers may even visit as customers just to perform some research before contacting you.

#9 Sell Your French Valley, California Restaurant

This is the final action to take after a successful negotiation with a buyer. This stage involves the presentation of the important documentation to complete the transaction. The documentation will likely begin with the Asset Purchase Agreement.

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

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

Choosing a French Valley, California Restaurant Broker

Although attempting to sell your French Valley, California restaurant on your own can be an exhilarating endeavor, it can also be quite risky, especially for first-timers.

It's true, if you're looking to achieve the most from of the business transaction, you need some level of experience in order to stand out against the cometitors while trying to find buyers.

Expertise is also vital during negotiations with potential buyers. This is when an experienced French Valley, California restaurant broker is recommended. A French Valley, California restaurant broker has the resources, experience and strategy required to easily take on the task of selling your French Valley, California restaurant. Additionally, a restaurant broker will liekly help you sell quicker and at a great price.

With the assistance of a French Valley, California restaurant broker, you can maintain your undivided attention on operating your French Valley, California restaurant and rest easy with the knowledge that a professional is in charge of selling your French Valley, California restaurant.

Contact a French Valley, California Restaurant Broker

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

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

French Valley Zip Codes We Support: 92563, 92596