Ready to Sell Your Laguna Hills, California Restaurant?

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

Contemplating opening a different Laguna Hills, California restaurant, moving, or maybe slowing down. Regardless of the reason, selling a Laguna Hills, 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 profit for all the time you may have put into it.

Important Steps to Take in Selling Your Restaurant

You can either think to hire a Laguna Hills, California restaurant broker to help you in selling your Laguna Hills, California restaurant or take on the task on your own. Whether considering selling your Laguna Hills, California restaurant on your own for the first time or with a restauarant broker, here are some steps you can plan for.

#1 Put Together all Business Documentation

This is an important first step to make when you begin the process of selling your Laguna Hills, California restaurant.

The required documents may vary from state to state--even in California, but below is a list of a few generalized documents you may find helpful to have prepared:

• A list of 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 has the expertise to help you in the market for sale of your Laguna Hills, California restaurant. Call today for a no strings attached consultation 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 ready because you will certainly need them during the sales process.

Also, compiling these documents lets you see your Laguna Hills, California restaurant through the lens of a buyer. This provides you a clear picture of the Laguna Hills, California restaurant you are selling. In addition, it allows you to show whether there are any loopholes you will have to address.

#2 Get Your Financial Documents in Order

Your financial documents are a crucial aspect of selling your Laguna Hills, California restaurant. This is the reason you should make an effort to make your documents accurate and well organized.

Showing your financial documents to potential buyers may assist to clear any doubt they may have concerning your Laguna Hills, California restaurant.

Your financial documents could include:

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

In addition, ensure you have duplicate copies of all of these documents. This will make it easier for you to send the information to potential buyers.

Also, as the seller, you must disclose information such as debts, owed taxes, expected repairs, etc. Failure to inform a buyer regarding these things could create legal problems for you if a buyer later on discovers these liabilities after signing the deal.

#3 Put Together the Information On Your Commercial Lease

While preparing to sell your Laguna Hills, California restaurant, you need to review of your commercial lease. It would be disappointing if, after securing a buyer, your lease ends up preventing you from sealing the deal.

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

#4 Appraise Your Restaurant

Buyers and investors will most likely request an detailed evaluation of your financials, whether favorable or not, this helps them estimate the value of your Laguna Hills, 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 your cash flow before trying to sell your Laguna Hills, California restaurant.

The estimated time it may take to sell a Laguna Hills, California restaurant is 6 months. Within those six months, there are many things you can do to strengthen your profit and reduce various costs, and thus strengthen the worth of your Laguna Hills, California restaurant.

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

This could aid you in estimating the overall value of your Laguna Hills, California restaurant. If you understand the overall worth this could help you come up with a selling price.

#5 Increase Curb Appeal

The first impression of your Laguna Hills, California restaurant could go a long way in helping you bring potential buyers. Conversely, if the overall aesthetic of your Laguna Hills, California restaurant does not look good to buyers, they might take a pass right off the bat.

To avoid this from happening, everything in and out of your Laguna Hills, California restaurant must be cleaned and maintained. Manicured and a clean parking lot may help create appeal for potential buyers.

Spot-free windows, polished door handles and a neat floor are also easy items that can help create a unforgettable initial impression.

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

Faulty equipment may rouse doubt about your financial capabilities and output capabilities. It could even lower the mood of your employees, and in turn, negatively affect your productivity and effect your profit and loss statement.

You should look credible in order to build the confidence of prospective buyers regarding purchasing your Laguna Hills, California restaurant.

#7 Search for Laguna Hills Buyers

Searching for potential buyers can be time-consuming and can require specialized skills and a certain level of experience. This may require that you hire an experienced Laguna Hills, California restaurant broker to help. The professional Laguna Hills, California restaurant broker will have recommendations for saving time & money for drawing in more potential buyers. However, if you decide to handle this task by yourself, you will need to create appropriate advertising. You can offer your Laguna Hills, California restaurant on business websites and tell family and friends about your intentions to sell your Laguna Hills, California restaurant.

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

#8 Be Ready

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

You'll never know when a buyer will visit your Laguna Hills, California restaurant. Some buyers might even visit as customers in order to carry out some research before contacting you.

#9 Sell Your Laguna Hills, California Restaurant

This is the remaining action to take following a successful negotiation with a buyer. This stage includes the presentation of the necessary documentation to finalize the contract. The documentation often 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 deal.

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

Choosing a Laguna Hills, California Restaurant Broker

While attempting to sell your Laguna Hills, California restaurant on your own can be an exhilarating project, it can also be quite risky, especially for first-timers.

It's true, if you're looking to achieve the most from of the business transaction, you need a higher level of expertise in order to stand out against your cometitors while trying to find buyers.

Experience is also vital during negotiations with prospective buyers. This is where an experienced Laguna Hills, California restaurant broker is recommended. A Laguna Hills, California restaurant broker has the resources, experience and strategy needed to easily take on the task of marketing for sale your Laguna Hills, California restaurant. Additionally, a restaurant broker can help you sell quicker and for more money.

With the help of a Laguna Hills, California restaurant broker, you can maintain your undivided attention on operating your Laguna Hills, California restaurant and rest assured with the knowledge that a professional is in charge of selling your Laguna Hills, California restaurant.

Contact a Laguna Hills, California Restaurant Broker

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

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

Laguna Hills Zip Codes We Support: 92609, 92653, 92656