Decided to Sell Your Manteca, California Restaurant?

Following years of hard work, you have decided to sell your Manteca, California restaurant

Considering opening a different eatery, moving, or maybe retiring. No matter the reason, selling a Manteca, California restaurant can be way more challenging than you might think. Thats because it takes careful preparation and a solid strategy to successfully walk away with enough money for all the time you’ve put into it.

Important Steps to Consider in Selling Your Restaurant

You may either decide to contract with a Manteca, California restaurant broker to guide you in selling your Manteca, California restaurant or do the task yourself. If you are considering selling your Manteca, California restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Put Together any Business Documentation

This is an important first step to make when you start the process of offering your Manteca, California restaurant.

The necessary paperwork may vary from state to state--even in California, but the following is a list of a few standard documents you may be requierd to have prepared:

• 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

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You certainly do not want to show the majority of these documents to a possible buyer day one. But, you may want to have them ready because you will certainly require them during the sales process.

In addition, compiling these documents allows you to view your Manteca, California restaurant through the lens of a buyer. It gives you a clear picture of the Manteca, California restaurant you are offering for sale. In addition, it allows you to identify whether there are any loopholes you'll need to address.

#2 Get Your Financial Records in Order

Your financial documents are a crucial aspect of selling your Manteca, California restaurant. That’s why you should make it a priority to make these documents accurate and well organized.

Showing your financial records to prospective buyers may aid clear any doubt they might have regarding your Manteca, California restaurant.

The financial documents may include:

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

In addition, ensure you have hard copies of all of the documents. This may make it easier for you to send the records to prospective buyers.

Also, as a seller, you must disclose information such as debts, owed taxes, deferred repairs, etc. Failure to inform a buyer about these items could create legal issues for you if a buyer later discovers these ommissions post sealing the deal.

#3 Organize the Information On Your Commercial Lease

In the process of preparing to sell your Manteca, California restaurant, you need to understand of your commercial lease. It would be disappointing if, after attracting a buyer, your lease hinders 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 Manteca, California restaurant and to potentially extend your lease.

#4 Appraise Your Restaurant

Buyers and investors could request an detailed analysis of your financial records, whether favorable or not, this helps with estimating the true value of your Manteca, California restaurant.

It is therefore in your best interest to ensure that you increase sales and make a reduction in your expenses to increase your cash flow before trying to sell your Manteca, California restaurant.

The average time it takes to sell a Manteca, California restaurant is 6 months. Within those six months, there are several things you can do in order to increase your profit and slash various costs, and thus increase the worth of your Manteca, California restaurant.

In addition, when it comes to your assets, you need to understand the depreciation involved. Everything depreciates, so it’s a good idea to individually estimate your assets.

This could aid you in estimating the overall worth of your Manteca, California restaurant. When you understand the overall worth this may help you settle on a selling price.

#5 Increase Curb Appeal

The first impression of your Manteca, California restaurant can go a long way in helping you attract potential buyers. Conversely, if the overall appearance of your Manteca, California restaurant does not appeal to buyers, they could take a pass without consideration.

To prevent this from happening, everything in and out of your Manteca, 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 other simple items that could help create a great first impression.

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

Non-functional equipment also raises doubt about your financial status and production capabilities. It may even lower the morale of your employees, which in turn, negatively affect your output and effect your profit and loss statement.

You should look credible in order to build the confidence of potential buyers regarding purchasing your Manteca, California restaurant.

#7 look for Manteca Buyers

Marketing to prospective buyers can be time-consuming and can require specific skills and a certain level of experience. This may demand that you hire a professional Manteca, California restaurant broker to help. The professional Manteca, California restaurant broker will offer recommendations for saving time for drawing in more potential buyers. However, if you decide to take on this task by yourself, you will need to create appropriate advertising. You can offer your Manteca, California restaurant on business websites and tell family and friends about your plans to sell your Manteca, California restaurant.

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

#8 Be Ready

If you decide to sell your Manteca, California restaurant yourself, or with a a Manteca, California restaurant broker, you should always be ready. Be prepared to show your Manteca, California restaurant to prospective buyers at all times.

You'll never know when a buyer will walk into your Manteca, California restaurant. Some buyers may even come in as customers in order to carry out some research before contacting you.

#9 Sell Your Manteca, California Restaurant

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

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

This document includes details such as the selling price of your Manteca, California restaurant, items and equipment and inventory value.

Choosing a Manteca, California Restaurant Broker

Although trying to sell your Manteca, California restaurant on your own can be an exciting project, it could also be very risky, especially for first time sellers.

The fact remains, in order for you to achieve the most from of the business deal, you need some level of experience in order to stand above and against your competition while trying to find buyers.

Experience is also vital during negotiations with potential buyers. This is when an experienced Manteca, California restaurant broker is needed. A Manteca, California restaurant broker has the resources, experience and strategy needed to easily take on the task of marketing for sale your Manteca, California restaurant. Additionally, a restaurant broker will liekly help you sell faster and for more money.

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

Contact a Manteca, California Restaurant Broker

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

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

Manteca Zip Codes We Support: 95330, 95336, 95337, 95366