Time to Sell Your Martinez, California Restaurant?

After years of hard work, you have decided to sell your Martinez, California restaurant

Considering starting a new Martinez, California restaurant, moving, or even slowing down. No matter the reason, selling your Martinez, California restaurant can be way more complicated than you might realize. Thats because it takes careful preparation and a solid game plan to successfully get out with enough money for all the sweat you’ve put into it.

Important Actions to Take when Selling Your Restaurant

You may either think to hire a Martinez, California restaurant broker to help you in selling your Martinez, California restaurant or do the task yourself. Whether considering selling your Martinez, California restaurant on your own for the first time or with a restauarant broker, here are some steps you can follow.

#1 Gather any Important Documentation

This is a necessary first step to make when you commence the process of selling your Martinez, California restaurant.

The necessary documents may vary from state to state--even in California, but the following is a list of some generalized documents you may find helpful to have prepared:

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

Corbett Restaurant Group comes with expertise to help you in the market for sale of your Martinez, California restaurant. Call today for a no-obligation consultation at (888) 266-5182.

You certainly do not want to show the majority of these documents to a possible buyer day one. However, you may want to have them on hand because you will eventually need them during the sales process.

Also, compiling these documents allows you to see your Martinez, California restaurant through the lens of a buyer. It gives you a clear picture of the Martinez, California restaurant you are offering for sale. Furthermore, it helps you identify if there are any concerns you will have to address.

#2 Put Your Financials in Order

Your financial records are a crucial part of selling your Martinez, California restaurant. This is the reason you should make an effort to make your documents complete and organized.

Showing your financial documents to prospective buyers may assist to clear any hesitations they may have regarding your Martinez, California restaurant.

The financial records can 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 these records. This will make it easier for you to transmit the records to possible buyers.

Also, as the seller, you must disclose information such as debts, owed taxes, prospective repairs, etc. Failing to inform a buyer about 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 Martinez, California restaurant, you need to understand of your commercial lease. It could be disappointing if, after securing a buyer, your lease prevents you from sealing the deal.

For this reason, it may advisable to talk to your landlord regarding your plan to sell your Martinez, California restaurant and to potentially extend your lease.

#4 Have Your Restauarant Appraised

Buyers and investors will most likely request an in-depth evaluation of your financial records, whether favorable or not, this helps with estimating the value of the Martinez, California restaurant.

This will be in your best interest to make sure that you augment sales and make a reduction in your expenses to increase your cash flow before trying to sell your Martinez, California restaurant.

The average time it may take to sell a Martinez, California restaurant is 6 months. Within those six months, there are many things you can do in order to strengthen your profit and slash several costs, and therefore increase the value of your Martinez, 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 help you in deriving the probable value of your Martinez, California restaurant. If you understand the overall worth this could help you determine a selling price.

#5 Increase Curb Appeal

The first impression of your Martinez, California restaurant could go a great distance in helping you attract potential buyers. Conversely, if the overall aesthetic of your Martinez, California restaurant does not look good to buyers, they might take a pass right off the bat.

To avoid this from happening, all things in and out of your Martinez, California restaurant must be cleaned and maintained. Landscaped and a clean parking lot may help create appeal for prospective buyers.

Spot-free windows, polished handles and a neat floor are other simple items that would help create a memorable initial impression.

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

Non-functional equipment may rouse doubt about your financial status and output abilities. It could even lower the morale of your employees, and in response, negatively affect your output and effect your profit and loss statement.

You should look credible in order to build the confidence of prospective buyers regarding buying your Martinez, California restaurant.

#7 look for Martinez Buyers

Marketing to potential buyers is time-consuming and can require specialized skills and a certain level of expertise. This may demand that you hire a professional Martinez, California restaurant broker to help. The professional Martinez, California restaurant broker will offer recommendations for saving time for drawing in more prospective buyers. However, if you decide to take on this project yourself, you will need to carry out proper advertising. You can list your Martinez, California restaurant on business websites and tell family and friends about your intentions to sell your Martinez, California restaurant.

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

#8 Be Prepared

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

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

#9 Sell Your Martinez, California Restaurant

This is the final action to take after a successful negotiation with a buyer. This stage includes the presentation of the important documentation to complete the transaction. The paperwork 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 aspect of the deal.

This document includes details including the selling price of your Martinez, California restaurant, items and equipment as well as inventory value.

Choosing a Martinez, California Restaurant Broker

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

The fact remains, if you're looking to get the most out of the business deal, you need some level of expertise to stand out against the competition while attempting to find buyers.

Experience is also vital during negotiations with potential buyers. This is where an experienced Martinez, California restaurant broker is recommended. A Martinez, California restaurant broker has the resources, expertise and strategy needed to easily take on the task of marketing for sale your Martinez, California restaurant. Additionally, a restaurant broker will liekly help you sell faster and at a great price.

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

Contact a Martinez, California Restaurant Broker

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

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

Martinez Zip Codes We Support: 94553