Decided to Sell Your Hacienda Heights, California Restaurant?

After years of sweat equity, you have made the decision sell your Hacienda Heights, California restaurant

Contemplating opening a new Hacienda Heights, California restaurant, moving, or maybe retiring. Regardless of the reason, selling a Hacienda Heights, California restaurant can be way more difficult than you may realize. This is because it takes careful preparation and a solid game plan to successfully get out with enough proceeds for all the time you may have put into it.

Important Steps to Take in Selling Your Restaurant

You may either think to hire a Hacienda Heights, California restaurant broker to help you in selling your Hacienda Heights, California restaurant or do the task yourself. Whether considering selling your Hacienda Heights, California restaurant on your own for the first time or with a restauarant broker, you should follow these steps.

#1 Put Together all Necessary Paperwork

This is a necessary initial step to take when you start the process of marketing your Hacienda Heights, California restaurant.

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

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

Corbett Restaurant Group comes with expertise to assist you in the sale of your Hacienda Heights, 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 potrntial buyer right away. However, you may want to have them on hand because you will certainly need them during the sales process.

In addition, putting together these documents lets you see your Hacienda Heights, California restaurant through the lens of a buyer. This provides you a clear picture of the Hacienda Heights, California restaurant you are offering for sale. Furthermore, it allows you to show if there are any loopholes you'll need to take care of.

#2 Get Your Financials in Order

Your financial records are an important aspect of selling your Hacienda Heights, California restaurant. That’s why you should strive to make your documents complete and organized.

Offering your financial records to possible buyers could help clear any hesitations they might have concerning your Hacienda Heights, California restaurant.

These financial documents can include:

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

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

Likewise, as the seller, you have to disclose information such as 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 ommissions post completing the deal.

#3 Gather the Details of Your Commercial Lease

While preparing to sell your Hacienda Heights, California restaurant, you must find out the terms of your commercial lease. It could be disappointing if, after attracting a buyer, your lease hinders you from sealing the deal.

For this reason, it is advisable to talk to your landlord concerning your plan to sell your Hacienda Heights, California restaurant and to possibly extend your lease.

#4 Appraise Your Restaurant

Buyers and investors could request an detailed analysis of your financial records, whether favorable or not, this helps them evaluate the true value of the Hacienda Heights, California restaurant.

This will be in your best interest to ensure that you augment sales and make a reduction in your expenses to build your cash flow before trying to sell your Hacienda Heights, California restaurant.

The estimated time it may take to sell a Hacienda Heights, California restaurant is six months. Within those six months, there are several things you can do in order to strengthen your profit and slash various costs, and thus strengthen the worth of your Hacienda Heights, California restaurant.

Also, when it comes to your assets, you need 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 Hacienda Heights, California restaurant. If you understand the overall value this may help you come up with a selling price.

#5 Increase Curb Appeal

The first impression of your Hacienda Heights, California restaurant could go a long way in helping you bring potential buyers. Alternatively, if the general aesthetic of your Hacienda Heights, California restaurant does not look good to buyers, they might take a pass without consideration.

To avoid this from happening, everything in and out of your Hacienda Heights, California restaurant must be clean. Manicured and a clean parking lot can help create appeal for prospective buyers.

Clean windows, polished door handles and a neat floor are also simple items that would help create a great initial impression.

Additionally, you should ensure that all your equipment is in satisfactory condition. If your equipment is not functioning, it may send the message that you are hurried to pass a bad deal to the buyer.

Faulty equipment could raise doubt about your financial status and output capabilities. It can even dampen the excitment of your staff, and in turn, negatively affect your output and effect your profit and loss statement.

You should look credible in order to build the confidence of prospective buyers regarding buying your Hacienda Heights, California restaurant.

#7 look for Hacienda Heights Buyers

Marketing to potential buyers can be time-consuming and can require specific skills and a certain level of expertise. This may demand that you hire a professional Hacienda Heights, California restaurant broker to help. The professional Hacienda Heights, California restaurant broker will have recommendations for saving time for drawing in more prospective buyers. However, if you decide to take on this project alone, you will need to create appropriate advertising. You can market your Hacienda Heights, California restaurant on listing websites and let your family and friends know about your plans to market for sale your Hacienda Heights, California restaurant.

As you will likely run across competition when trying to sell your Hacienda Heights, California restaurant, you need your restaurant to stand out.

#8 Be Ready

If you decide to sell your Hacienda Heights, California restaurant yourself, or through a Hacienda Heights, California restaurant broker, you need to always be prepared. Be prepared to show your Hacienda Heights, California restaurant to potential buyers at all times.

You never know when a buyer could walk into your Hacienda Heights, California restaurant. Some buyers may even come in as customers in order to carry out some research before contacting you.

#9 Sell Your Hacienda Heights, California Restaurant

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

You may need your attorney’s help in creating this document. Working with an attorney is recommended to make sure the Asset Purchase Agreement covers every aspect of the deal.

This document includes details including the selling price of your Hacienda Heights, California restaurant, items and equipment and inventory value.

Choosing a Hacienda Heights, California Restaurant Broker

While trying to sell your Hacienda Heights, California restaurant on your own can be an exciting project, it could also be very risky, especially for first-timers.

It's true, if you're looking to achieve the most out of the business transaction, you need a higher level of expertise to stand out against the competition while attempting to attract buyers.

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

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

Contact a Hacienda Heights, California Restaurant Broker

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

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

Hacienda Heights Zip Codes We Support: 91715, 91716, 91745, 91748