Decided to Sell Your Jurupa Valley, California Restaurant?

After years of labor, you have made the decision sell your Jurupa Valley, California restaurant

Contemplating opening a new Jurupa Valley, California restaurant, relocating, or maybe retiring. No matter the reason, selling a Jurupa Valley, California restaurant can be way more difficult than you may realize. Thats because it takes thoughtful preparation and a solid game plan to successfully walk away with enough proceeds for all the time you may have put into it.

Important Steps to Consider in Selling Your Restaurant

You may either think to hire a Jurupa Valley, California restaurant broker to assist you in selling your Jurupa Valley, California restaurant or do the task yourself. Whether considering selling your Jurupa Valley, California restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Gather any Business Paperwork

This is an important first step to make when you start the process of marketing your Jurupa Valley, California restaurant.

The necessary documents may vary from state to state--even in California, but below is a list of some general documents you may be requierd to have on you:

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

Corbett Restaurant Group comes with expertise to assist you in the market for sale of your Jurupa Valley, California restaurant. Call today for a no strings attached business review at (888) 266-5182.

It's probably smart not to show all these documents to a potrntial buyer day one. But, you may want to have them on hand because you will eventually require them during the sales process.

In addition, compiling these documents allows you to see your Jurupa Valley, California restaurant through the lens of a buyer. It gives you a clear picture of the Jurupa Valley, California restaurant you're offering for sale. Furthermore, it allows you to identify if there are any areas you will have to address.

#2 Get Your Financial Documents in Order

Your financial documents are a crucial aspect of selling your Jurupa Valley, California restaurant. That’s why you should make an effort to have your documents complete and well organized.

Showing your financial documents to potential buyers may assist to clear any hesitations they may have regarding your Jurupa Valley, California restaurant.

Your financial records may include:

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

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

Likewise, as a seller, you have to disclose information including debts, owed taxes, prospective repairs, etc. Failure to inform a buyer about these things can create legal problems for you if a buyer later on discovers these ommissions post sealing the deal.

#3 Organize the Information On Your Commercial Lease

While preparing to sell your Jurupa Valley, 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 closing the deal.

For this reason, it could be advisable to have a discussion with your landlord concerning your plan to sell your Jurupa Valley, California restaurant and to possibly extend your lease.

#4 Have Your Restauarant Appraised

Buyers and investors could request an in-depth analysis of your financials, whether favorable or not, this will help them estimate the true value of your Jurupa Valley, 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 starting to sell your Jurupa Valley, California restaurant.

The estimated time it may take to sell a Jurupa Valley, California restaurant is six months. Within the six months, there are several things you can do in order to increase your profit and cut various costs, and therefore increase the value of your Jurupa Valley, California restaurant.

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

This will help you in coming up with the probable value of your Jurupa Valley, California restaurant. Understanding the overall value will help you come up with a selling price.

#5 Make Your Restaurant Look Better

The appearance of your Jurupa Valley, California restaurant can go a great distance in helping you bring potential buyers. Conversely, if the overall look of your Jurupa Valley, California restaurant does not look good to buyers, they could pass over right off the bat.

To prevent this from happening, all things in and out of your Jurupa Valley, California restaurant must be cleaned and maintained. Manicured and a clean parking area could help create curb appeal for prospective buyers.

Clean windows, polished handles and a presentable floor are also easy items that would help create a memorable first impression.

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

Faulty equipment can raise doubt about your financial situation and output abilities. It could even lower the excitment of your employees, and 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 Jurupa Valley, California restaurant.

#7 Search for Jurupa Valley Buyers

Searching for potential buyers can be time-consuming and often requires specialized skills and a certain level of experience. This may demand that you hire a professional Jurupa Valley, California restaurant broker to help. The professional Jurupa Valley, California restaurant broker will offer recommendations for saving time & money for attracting more prospective buyers. However, if you make the decision to handle this project by yourself, you will need to carry out appropriate advertising. You can market your Jurupa Valley, California restaurant on business websites and tell family and friends about your plans to market for sale your Jurupa Valley, California restaurant.

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

#8 Be Prepared

If you decide to sell your Jurupa Valley, California restaurant yourself, or with a a Jurupa Valley, California restaurant broker, you need to always be ready. Be ready to show your Jurupa Valley, California restaurant to potential buyers at all times.

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

#9 Sell Your Jurupa Valley, California Restaurant

This is the last action to take after a successful negotiation with a buyer. This stage involves the presentation of the important documentation to finalize the transaction. The paperwork will usually 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 contract.

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

Choosing a Jurupa Valley, California Restaurant Broker

Although trying to sell your Jurupa Valley, California restaurant on your own can be an exhilarating endeavor, it could also be very risky, especially for first-timers.

It's true, in order for you to get the most out of the business transaction, you need some level of experience 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 Jurupa Valley, California restaurant broker is recommended. A Jurupa Valley, California restaurant broker has the resources, expertise and strategy needed to easily take on the task of selling your Jurupa Valley, California restaurant. Additionally, a restaurant broker can help you sell faster and at a great price.

With the help of a Jurupa Valley, California restaurant broker, you can focus your undivided attention on operating your Jurupa Valley, California restaurant and rest easy knowing that a professional is in charge of selling your Jurupa Valley, California restaurant.

Contact a Jurupa Valley, California Restaurant Broker

Choosing to sell your Jurupa Valley, California restaurant through a Jurupa Valley, California restaurant broker has several advantages. First, however, you need to select the best Jurupa Valley, California restaurant broker to assist you in selling your Jurupa Valley, California restaurant.

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

Jurupa Valley Zip Codes We Support: 91752, 92501, 92505, 92509, 92519, 92860