Ready to Sell Your Indio, California Restaurant?

Following years of labor, you have decided to sell your Indio, California restaurant

Considering starting a new Indio, California restaurant, relocating, or even retiring. Regardless of the reason, selling your Indio, California restaurant can be way more challenging than you may think. Thats because it takes careful preparation and a solid strategy to successfully exit with enough money for all the sweat you’ve put into it.

Necessary Steps to Take when Selling Your Restaurant

You may either think to hire a eatery broker to assist you in selling your Indio, California restaurant or do the task on your own. Whether considering selling your Indio, California restaurant on your own for the first time or with a restauarant broker, here are some tasks you can plan for.

#1 Put Together any Business Paperwork

This is an important initial step to take when you start the process of selling your Indio, California restaurant.

The necessary documents may vary from state to state--even in California, but below is a list of a few generalized documents you may need to have ready:

• A list of your assets
• Lease document
• 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 comes with experience to help you in the market for sale of your Indio, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

You certainly do not want to reveal all these documents to a potrntial buyer right away. But, you may want to have them ready because you will eventually require them during the sales process.

Also, putting together these documents lets you view your Indio, California restaurant through the lens of a buyer. This provides you a clear picture of the Indio, California restaurant you're offering for sale. Furthermore, it allows you to show whether there are any areas you'll need to take care of.

#2 Get Your Financial Documents in Order

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

Showing your financial records to possible buyers may help clear any doubt they may have concerning your Indio, California restaurant.

These financial documents may 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 the documents. This will make it easier for you to transmit the documentation to prospective buyers.

Likewise, as a seller, you have to disclose information including debts, owed taxes, planned repairs, etc. Failing to inform a buyer about these things can create legal problems for you if a buyer later discovers these ommissions after signing the deal.

#3 Put Together the Details of Your Commercial Lease

While preparing to sell your Indio, California restaurant, you need to review of your commercial lease. It could be devestating if, after securing a buyer, your lease prevents you from closing the deal.

For this reason, it may advisable to have a discussion with your landlord regarding your plan to sell your Indio, California restaurant and to potentially extend your lease.

#4 Get An Appraisal For Your Restaurant

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

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

The average time it takes to sell a Indio, California restaurant is six months. Within those six months, there are many things you can do to strengthen your profit and reduce several costs, and therefore increase the value of your Indio, 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 could help you in estimating the probable worth of your Indio, California restaurant. When you understand the overall value this could help you determine a selling price.

#5 Increase Curb Appeal

The first impression of your Indio, California restaurant could go a long way in helping you bring potential buyers. Alternatively, if the general appearance of your Indio, California restaurant does not appeal to buyers, they could take a pass immediately.

To prevent this from happening, everything in and out of your Indio, California restaurant must be cleaned and maintained. Manicured and a clean parking area may help create appeal for prospective buyers.

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

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

Faulty equipment could raise doubt about your financial situation and production capabilities. It could even dampen the excitment of your staff, which in response, negatively affect your productivity and effect your profit and loss statement.

You should look credible in order to build the confidence of potential buyers concerning buying your Indio, California restaurant.

#7 Search for Indio Buyers

Searching for prospective buyers can be time-consuming and often requires specialized skills and a certain level of experience. This may require that you hire a professional Indio, California restaurant broker to help. The professional Indio, California restaurant broker will come with recommendations for saving time for attracting more prospective buyers. However, if you make the decision to take on this project yourself, you will need to carry out appropriate advertising. You can offer your Indio, California restaurant on listing websites and let your family and friends know about your plans to market for sale your Indio, California restaurant.

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

#8 Be Prepared

If you decide to sell your Indio, California restaurant yourself, or through a Indio, California restaurant broker, you need to always be ready. Be ready to show your Indio, California restaurant to prospective buyers at all times.

You never know when a buyer could visit your Indio, California restaurant. Some buyers might even visit as customers just to carry out some research before reaching out to you.

#9 Sell Your Indio, California Restaurant

This is the final action to take following a successful negotiation with a buyer. This stage involves the presentation of the necessary paperwork to complete the transaction. The paperwork will usually begin with the Asset Purchase Agreement.

You should have your attorney’s expertise in creating this document. Working with an attorney is recommended to make sure the Asset Purchase Agreement covers every detail of the deal.

This document includes details such as the selling price of your Indio, California restaurant, assets and equipment as well as inventory value.

Choosing a Indio, California Restaurant Broker

Although trying to sell your Indio, California restaurant on your own can be an exhilarating project, it can also be quite risky, especially for first time sellers.

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

Experience is also vital during negotiations with prospective buyers. This is where an experienced Indio, California restaurant broker is needed. A Indio, California restaurant broker has the resources, expertise and strategy required to easily take on the task of marketing for sale your Indio, California restaurant. Additionally, a restaurant broker can help you sell faster and at a great price.

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

Contact a Indio, California Restaurant Broker

Deciding to sell your Indio, California restaurant through a Indio, California restaurant broker has many advantages. First, however, you need to select the best Indio, California restaurant broker to assist you in selling your Indio, California restaurant.

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

Indio Zip Codes We Support: 92201, 92203, 92211, 92236, 92241, 92253