Decided to Sell Your Galt, California Restaurant?

Following years of hard work, you have decided to sell your Galt, California restaurant

Contemplating opening a different eatery, moving, or maybe retiring. Regardless of the reason, selling a Galt, California restaurant can be way more complicated than you might think. Thats because it takes careful preparation and a solid game plan to successfully exit with enough profit for all the sweat you may have put into it.

Necessary Actions to Take when Selling Your Restaurant

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

#1 Gather any Important Paperwork

This is an important first step to make when you begin the process of selling your Galt, California restaurant.

The necessary paperwork may vary from state to state--even in California, but below is a list of a few standard documents you may find helpful to have prepared:

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

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

It's probably smart not to show all these documents to a prospective buyer first day. However, you should have them ready because you will certainly require them during the sales process.

In addition, putting together these documents lets you view your Galt, California restaurant through the lens of a buyer. It provides you a clear image of the Galt, California restaurant you are selling. In addition, it allows you to identify whether there are any loopholes you will have to take care of.

#2 Get Your Financial Documents in Order

Your financial records are a crucial aspect of selling your Galt, California restaurant. This is why you should make an effort to have your documents complete and well organized.

Offering your financial records to possible buyers could assist to clear any doubt they may have regarding your Galt, California restaurant.

These financial records can 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 these documents. This can make it easier for you to transmit the documentation to possible buyers.

Also, as the seller, you have to disclose information including debts, owed taxes, deferred repairs, etc. Failing to inform a buyer regarding these items may create legal problems for you if a buyer later discovers these liabilities after sealing the deal.

#3 Gather the Information On Your Commercial Lease

While preparing to sell your Galt, California restaurant, you need to review of your commercial lease. It would be devestating if, after attracting a buyer, your lease hinders you from closing the deal.

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

#4 Get An Appraisal For Your Restaurant

Buyers and investors may request an detailed evaluation of your financial records, whether favorable or not, this helps with estimating the true value of your Galt, California restaurant.

This will be in your best interest to make sure that you increase sales and reduce expenses to build up your cash flow planning to sell your Galt, California restaurant.

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

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

#5 Make Your Restaurant Attractive

The appearance of your Galt, California restaurant could go a great distance in helping you attract potential buyers. Alternatively, if the overall curb appeal of your Galt, California restaurant does not appeal to buyers, they likely pass over without a second look.

To prevent this from happening, all things in and out of your Galt, California restaurant must be clean. Landscaped and a clean parking area can help create curb appeal for potential buyers.

Clean windows, polished door handles and a clean floor are other small things that would help create a great first impression.

Additionally, you should make sure that 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.

Non-functional equipment may rouse doubt about your financial situation and output abilities. It can even lower the morale of your employees, and in turn, negatively affect your output and effect your profit and loss statement.

You should appear credible in order to build the confidence of prospective buyers regarding purchasing your Galt, California restaurant.

#7 Search for Galt Buyers

Searching for prospective buyers can be time-consuming and often requires specific skills and a certain level of expertise. This may require that you hire an experienced Galt, California restaurant broker to help. A professional Galt, California restaurant broker will offer recommendations for saving time & money for drawing in more potential buyers. However, if you decide to handle this task by yourself, you will need to create appropriate advertising. You can offer your Galt, California restaurant on listing websites and let your family and friends know about your plans to sell your Galt, California restaurant.

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

#8 Be Ready

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

You never know when a buyer will walk into your Galt, California restaurant. Some buyers may even come in as customers in order to perform some research before contacting you.

#9 Sell Your Galt, California Restaurant

This is the remaining action to take following a successful negotiation with a buyer. This stage involves the presentation of the necessary documentation to complete the contract. 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 detail of the transaction.

This agreement includes details including the selling price of your Galt, California restaurant, items and equipment and inventory value.

Choosing a Galt, California Restaurant Broker

Although trying to sell your Galt, California restaurant on your own can be an exciting endeavor, it can also be very risky, especially for first time sellers.

It's true, if you're looking to achieve the most out of the business deal, you need a higher level of experience to stand out against your cometitors while attempting to find buyers.

Experience is also vital during negotiations with prospective buyers. This is when an experienced Galt, California restaurant broker comes in. A Galt, California restaurant broker has the resources, expertise and strategy needed to easily take on the task of selling your Galt, California restaurant. Additionally, a restaurant broker will liekly help you sell quicker and for more money.

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

Contact a Galt, California Restaurant Broker

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

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

Galt Zip Codes We Support: 95220, 95632