Ready to Sell Your Laguna Niguel, California Restaurant?

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

Considering opening a different Laguna Niguel, California restaurant, relocating, or even slowing down. Regardless of the reason, selling a Laguna Niguel, California restaurant can be a lot more complicated than you might think. Thats because it takes thoughtful preparation and a solid game plan to successfully walk away with enough money for all the sweat you may have put into it.

Important Actions to Consider in Selling Your Restaurant

You can either think to contract with a eatery broker to guide you in selling your Laguna Niguel, California restaurant or take on the task on your own. Whether considering selling your Laguna Niguel, California restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Gather the Important Paperwork

This is an important initial step to make when you start the process of marketing your Laguna Niguel, California restaurant.

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

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

Corbett Restaurant Group has the experience to assist you in the market for sale of your Laguna Niguel, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

It's probably best not to show the majority of these documents to a potrntial buyer right away. However, you should have them ready because you will certainly require them during the sales process.

In addition, putting together these documents lets you view your Laguna Niguel, California restaurant through the lens of a buyer. This provides you a clear image of the Laguna Niguel, California restaurant you are offering for sale. Furthermore, it allows you to show if there are any areas you will have to take care of.

#2 Put Your Financial Records in Order

Your financial documents are an important detail of selling your Laguna Niguel, California restaurant. This is why you should make an effort to make these documents complete and organized.

Showing your financial records to possible buyers may aid clear any doubt they might have concerning your Laguna Niguel, California restaurant.

Your financial records could include:

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

Also, ensure you have hard copies of all of the records. This can make it easier for you to send the documentation to potential buyers.

Likewise, as a seller, you must disclose information including debts, owed taxes, planned repairs, etc. Failure to inform a buyer regarding these items may create legal issues for you if a buyer later discovers these liabilities after sealing the deal.

#3 Put Together the Details of Your Commercial Lease

While preparing to sell your Laguna Niguel, California restaurant, you must find out the terms of your commercial lease. It could be devestating if, after securing a buyer, your lease hinders you from sealing the deal.

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

#4 Get An Appraisal For Your Restaurant

Buyers and investors may request an detailed analysis of your financials, whether favorable or not, this helps them evaluate the true value of your Laguna Niguel, California restaurant.

This will be in your best interest to ensure that you increase sales and make a reduction in your expenses to build up your cash flow before trying to sell your Laguna Niguel, California restaurant.

The average time it may take to sell a Laguna Niguel, California restaurant is six months. Within those six months, there are several things you can do in order to increase your profit and cut various costs, and therefore strengthen the worth of your Laguna Niguel, 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 aid you in estimating the overall worth of your Laguna Niguel, California restaurant. If you understand the overall worth this may help you determine a selling price.

#5 Increase Curb Appeal

The first impression of your Laguna Niguel, California restaurant could go a great distance in helping you bring potential buyers. Conversely, if the general appearance of your Laguna Niguel, California restaurant does not appeal to buyers, they might take a pass without consideration.

To avoid this from happening, everything in and out of your Laguna Niguel, California restaurant must be clean. Manicured and a clean parking area could help create curb appeal for potential buyers.

Clean windows, polished door handles and a clean floor are also simple things that could help create a memorable initial impression.

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

Non-functional equipment can raise doubt about your financial situation and production abilities. It may even lower the excitment of your employees, 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 regarding purchasing your Laguna Niguel, California restaurant.

#7 Search for Laguna Niguel Buyers

Searching for potential buyers can be time-consuming and often requires specialized skills and a certain level of expertise. This may demand that you hire a professional Laguna Niguel, California restaurant broker to help. A professional Laguna Niguel, California restaurant broker will have recommendations for saving time & money for attracting more prospective buyers. However, if you make the decision to take on this task by yourself, you will need to create appropriate advertising. You can offer your Laguna Niguel, California restaurant on listing websites and tell family and friends about your plans to market for sale your Laguna Niguel, California restaurant.

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

#8 Be Ready

Whether you decide to sell your Laguna Niguel, California restaurant yourself, or with a a Laguna Niguel, California restaurant broker, you should always be ready. Be prepared to show your Laguna Niguel, California restaurant to potential buyers at all times.

You never know when a buyer will walk into your Laguna Niguel, California restaurant. Some buyers might even visit as customers just to perform some research before contacting you.

#9 Sell Your Laguna Niguel, 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 complete the transaction. The paperwork often begin with the Asset Purchase Agreement.

You may need your attorney’s assistance in drafting this document. Working with an attorney is recommended to make sure the Asset Purchase Agreement covers every aspect of the transaction.

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

Choosing a Laguna Niguel, California Restaurant Broker

While trying to sell your Laguna Niguel, California restaurant on your own can be an exciting endeavor, it could also be very risky, especially for first time sellers.

The fact remains, in order for you to get the most out of the business deal, you need some level of experience in order to stand above and against the competition while attempting to find buyers.

Experience is also vital during negotiations with prospective buyers. This is when an experienced Laguna Niguel, California restaurant broker is recommended. A Laguna Niguel, California restaurant broker has the resources, experience and strategy required to easily take on the task of selling your Laguna Niguel, California restaurant. Additionally, a restaurant broker can help you sell faster and for more money.

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

Contact a Laguna Niguel, California Restaurant Broker

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

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

Laguna Niguel Zip Codes We Support: 92607, 92653, 92656, 92677