Time to Sell Your La Presa, California Restaurant?

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

Considering opening a different La Presa, California restaurant, relocating, or maybe slowing down. No matter the reason, selling a La Presa, California restaurant can be way more difficult than you might 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 Actions to Consider when Selling Your Restaurant

You may either decide to contract with a eatery broker to guide you in selling your La Presa, California restaurant or take on the task on your own. Whether considering selling your La Presa, California restaurant on your own for the first time or with a restauarant broker, here are some tasks you can expect.

#1 Put Together the Business Documentation

This is a necessary first step to make when you start the process of offering your La Presa, California restaurant.

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

• A list of your assets
• Lease contract
• 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 has the experience to help you in the sale of your La Presa, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

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

In addition, putting together these documents allows you to view your La Presa, California restaurant through the lens of a buyer. This provides you a clear image of the La Presa, California restaurant you are offering for sale. Furthermore, it helps you identify whether there are any concerns you'll have to address.

#2 Put Your Financials in Order

Your financial documents are an important part of selling your La Presa, California restaurant. That’s why you should make it a priority to make these documents accurate and well organized.

Offering your financial documents to potential buyers may aid clear any hesitations they might have concerning your La Presa, California restaurant.

Your financial documents could 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 records. This may make it easier for you to transmit the information to possible buyers.

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

#3 Organize the Details of Your Commercial Lease

While preparing to sell your La Presa, California restaurant, you need to understand of your commercial lease. It would be disappointing 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 La Presa, California restaurant and to potentially extend your lease.

#4 Have Your Restauarant Appraised

Buyers and investors may request an in-depth analysis of your financial records, whether favorable or not, this helps them estimate the value of the La Presa, California restaurant.

It is therefore in your best interest to ensure that you increase sales and reduce expenses to build your cash flow planning to sell your La Presa, California restaurant.

The estimated time it takes to sell a La Presa, California restaurant is 6 months. Within the six months, there is a lot you can do to strengthen your profit and reduce various costs, and therefore strengthen the value of your La Presa, California restaurant.

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

This could assist you in estimating the probable value of your La Presa, California restaurant. If you understand the overall value this may help you come up with a selling price.

#5 Increase Curb Appeal

The appearance of your La Presa, California restaurant can go a long way in helping you attract potential buyers. Alternatively, if the overall appearance of your La Presa, California restaurant does not look good to buyers, they likely take a pass without consideration.

To avoid this from happening, all things in and out of your La Presa, California restaurant must be clean. Manicured and a clean parking lot can help create curb appeal for prospective buyers.

Spot-free windows, polished handles and a presentable floor are also small things that would help create a memorable first impression.

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

Faulty equipment may rouse doubt about your financial status and output abilities. It can even lower the excitment of your employees, which in turn, negatively affect your output and effect your profit and loss statement.

You should appear credible in order to build the confidence of prospective buyers regarding purchasing your La Presa, California restaurant.

#7 Search for La Presa Buyers

Marketing to prospective buyers can be time-consuming and can require specific skills and a certain level of expertise. This may require that you hire an experienced La Presa, California restaurant broker to help. The professional La Presa, California restaurant broker will have recommendations for saving time & money for drawing in more potential buyers. However, if you decide to take on this project by yourself, you will need to carry out proper advertising. You can show your La Presa, California restaurant on listing websites and let your family and friends know about your plans to sell your La Presa, California restaurant.

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

#8 Be Prepared

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

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

#9 Sell Your La Presa, California Restaurant

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

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

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

Choosing a La Presa, California Restaurant Broker

While attempting to sell your La Presa, California restaurant on your own can be an exciting endeavor, it could also be quite risky, especially for first-timers.

It's true, in order for you to get the most from of the business transaction, you need some level of experience in order 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 La Presa, California restaurant broker comes in. A La Presa, California restaurant broker has the resources, expertise and strategy needed to easily take on the task of selling your La Presa, California restaurant. Additionally, a restaurant broker will liekly help you sell faster and for more money.

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

Contact a La Presa, California Restaurant Broker

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

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

La Presa Zip Codes We Support: 91902, 91977