Are You Ready to Sell Your Hollister, California Restaurant?

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

Considering opening a different eatery, relocating, or even slowing down. No matter the reason, selling a Hollister, California restaurant can be way more complicated than you may think. Thats because it takes careful preparation and a solid strategy to successfully walk away with enough proceeds for all the sweat you may have put into it.

Necessary Actions to Take when Selling Your Restaurant

You can either decide to hire a eatery broker to assist you in selling your Hollister, California restaurant or do the task on your own. If you are considering selling your Hollister, 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 first step to take when you begin the process of offering your Hollister, California restaurant.

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

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

Corbett Restaurant Group has the experience to assist you in the sale of your Hollister, California restaurant. Call today for a no strings attached consultation at (888) 266-5182.

You probably do not want to show all these documents to a potrntial buyer first day. But, you should have them at hand because you will certainly require them during the sales process.

Also, compiling these documents lets you see your Hollister, California restaurant through the lens of a buyer. It gives you a clear image of the Hollister, California restaurant you are selling. Furthermore, it helps you show whether there are any loopholes you'll need to address.

#2 Put Your Financial Records in Order

Your financial documents are an important detail of selling your Hollister, California restaurant. This is the reason you should strive to make your documents complete and organized.

Showing your financial documents to prospective buyers may help clear any doubt they might have concerning your Hollister, California restaurant.

The financial documents may 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 these documents. This may make it easier for you to send the records to possible buyers.

Likewise, as the seller, you have to disclose information such as debts, owed taxes, deferred repairs, etc. Failure to inform a buyer about these items can create legal problems for you if a buyer later discovers these liabilities after signing the deal.

#3 Organize the Information On Your Commercial Lease

In the process of preparing to sell your Hollister, California restaurant, you must find out the terms of your commercial lease. It could be disappointing if, after attracting a buyer, your lease ends up preventing you from sealing the deal.

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

#4 Appraise Your Restaurant

Buyers and investors could request an in-depth evaluation of your financial records, whether favorable or not, this helps them estimate the value of the Hollister, California restaurant.

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

The estimated time it may take to sell a Hollister, California restaurant is six months. Within the six months, there are several things you can do to strengthen your profit and slash several costs, and therefore increase the value of your Hollister, California restaurant.

In addition, with regards to your assets, you need to understand the depreciation involved. Everything depreciates, so it’s best to individually estimate your assets.

This will aid you in coming up with the probable value of your Hollister, California restaurant. When you understand the overall value this may help you determine a selling price.

#5 Increase Curb Appeal

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

To avoid this from happening, all things in and out of your Hollister, California restaurant must be cleaned and maintained. Landscaped and a clean parking lot can help create appeal for prospective buyers.

Clean windows, polished door handles and a neat floor are other easy things that would help create a unforgettable first impression.

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

Non-functional equipment could raise doubt about your financial status and production abilities. It can even lower the morale of your employees, and 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 regarding purchasing your Hollister, California restaurant.

#7 look for Hollister Buyers

Marketing to prospective buyers can be time-consuming and can require specific skills and a certain level of experience. This may demand that you hire a professional Hollister, California restaurant broker to help. The professional Hollister, California restaurant broker will offer recommendations for saving time for drawing in more potential buyers. However, if you decide to handle this project alone, you will need to create proper advertising. You can list your Hollister, California restaurant on business websites and let your family and friends know about your intentions to sell your Hollister, California restaurant.

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

#8 Be Ready

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

You never know when a buyer will visit your Hollister, California restaurant. Some buyers may even come in as customers in order to carry out some research before reaching out to you.

#9 Sell Your Hollister, California Restaurant

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

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

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

Choosing a Hollister, California Restaurant Broker

Although attempting to sell your Hollister, 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 get the most out of the business deal, you need some level of expertise to stand out against your competition while attempting to find buyers.

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

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

Contact a Hollister, California Restaurant Broker

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

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

Hollister Zip Codes We Support: 95023, 95024