Ready to Sell Your Granite Bay, California Restaurant?

After years of hard work, you have made the decision sell your Granite Bay, California restaurant

Contemplating starting a new Granite Bay, California restaurant, moving, or maybe slowing down. Regardless of the reason, selling your Granite Bay, California restaurant can be way more complicated than you may realize. Thats because it takes careful preparation and a solid strategy to successfully exit with enough proceeds for all the labor you’ve put into it.

Important Steps to Take in Selling Your Restaurant

You may either decide to contract with a eatery broker to help you in selling your Granite Bay, California restaurant or do the task on your own. If you are considering selling your Granite Bay, California restaurant on your own for the first time or with a restauarant broker, here are some steps you can follow.

#1 Gather all Important Paperwork

This is a necessary first step to take when you begin the process of selling your Granite Bay, California restaurant.

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

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

Corbett Restaurant Group has the experience to help you in the sale of your Granite Bay, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

You probably do not want to reveal all these documents to a possible buyer day one. However, you may want to have them on hand because you will certainly need them during the sales process.

Also, compiling these documents lets you view your Granite Bay, California restaurant through the lens of a buyer. This gives you a clear image of the Granite Bay, California restaurant you're selling. Furthermore, it helps you identify if there are any areas you will have to take care of.

#2 Get Your Financials in Order

Your financial records are an important aspect of selling your Granite Bay, California restaurant. That’s the reason you should make it a priority to have these documents accurate and organized.

Offering your financial records to potential buyers could assist to clear any doubt they might have regarding your Granite Bay, California restaurant.

The financial records could include:

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

Also, make sure you have hard copies of all of the documents. This could make it easier for you to transmit the records to potential buyers.

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

#3 Organize the Information On Your Commercial Lease

While preparing to sell your Granite Bay, California restaurant, you need to review of your commercial lease. It would be devestating if, after securing a buyer, your lease ends up preventing you from closing the deal.

For this reason, it is advisable to talk to your landlord regarding your plan to sell your Granite Bay, California restaurant and to possibly extend your lease.

#4 Appraise Your Restaurant

Buyers and investors will often request an detailed evaluation of your financials, whether favorable or not, this helps them evaluate the true value of the Granite Bay, California restaurant.

It is therefore in your best interest to make sure that you increase sales and reduce expenses to build up your cash flow before trying to sell your Granite Bay, California restaurant.

The average time it takes to sell a Granite Bay, California restaurant is six months. Within those six months, there is a lot you can do in order to increase your profit and reduce various costs, and therefore strengthen the value of your Granite Bay, California restaurant.

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

This will assist you in deriving the overall value of your Granite Bay, California restaurant. Understanding the overall value will help you determine a selling price.

#5 Make Your Restaurant Look Better

The first impression of your Granite Bay, California restaurant will go a long way in helping you attract potential buyers. Alternatively, if the general aesthetic of your Granite Bay, California restaurant does not appeal to buyers, they likely take a pass immediately.

To avoid this from happening, everything in and out of your Granite Bay, California restaurant must be cleaned and maintained. Landscaping and a clean parking area may help create curb appeal for potential buyers.

Spot-free windows, polished door handles and a clean floor are other simple items that can help create a great initial impression.

Additionally, you should ensure that all the equipment is in top condition. If your equipment is not working properly, it can convey the message that you're hurried to pass a bad deal to the buyer.

Non-functional equipment could raise doubt about your financial capabilities and output capabilities. It could even dampen the mood of your staff, which in response, negatively affect your output and effect your profit and loss statement.

You should look credible in order to build the confidence of prospective buyers concerning buying your Granite Bay, California restaurant.

#7 look for Granite Bay Buyers

Looking for prospective buyers is time-consuming and can require specialized skills and a certain level of expertise. This may demand that you hire a professional Granite Bay, California restaurant broker to help. A professional Granite Bay, California restaurant broker will come with recommendations for saving time & money for attracting more prospective buyers. However, if you decide to handle this project yourself, you will need to carry out proper advertising. You can market your Granite Bay, California restaurant on business websites and tell family and friends about your intentions to sell your Granite Bay, California restaurant.

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

#8 Be Ready

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

You'll never know when a buyer could visit your Granite Bay, California restaurant. Some buyers may even visit as customers in order to perform some research before contacting you.

#9 Sell Your Granite Bay, California Restaurant

This is the last action to take following a successful negotiation with a buyer. This stage includes the presentation of the necessary paperwork to complete the deal. The documentation will likely start with the Asset Purchase Agreement.

You should have your attorney’s assistance in drafting this document. Working with an attorney helps to make sure the Asset Purchase Agreement covers every aspect of the transaction.

This agreement includes details including the selling price of your Granite Bay, California restaurant, assets and equipment as well as inventory value.

Choosing a Granite Bay, California Restaurant Broker

Although trying to sell your Granite Bay, California restaurant on your own can be an exhilarating 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 transaction, you need some level of expertise to stand out against your cometitors while trying to find buyers.

Expertise is also vital during negotiations with potential buyers. This is when an experienced Granite Bay, California restaurant broker comes in. A Granite Bay, California restaurant broker has the resources, expertise and strategy needed to easily take on the task of marketing for sale your Granite Bay, California restaurant. Additionally, a restaurant broker can help you sell faster and at a great price.

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

Contact a Granite Bay, California Restaurant Broker

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

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

Granite Bay Zip Codes We Support: 95650, 95746