Ready to Sell Your Moreno Valley, California Restaurant?

Following years of sweat equity, you have decided to sell your Moreno Valley, California restaurant

Considering starting a different Moreno Valley, California restaurant, relocating, or even retiring. Regardless of the reason, selling a Moreno Valley, California restaurant can be way more difficult than you might think. Thats because it takes careful preparation and a solid game plan to successfully exit with enough proceeds for all the sweat you may have put into it.

Necessary Actions to Take in Selling Your Restaurant

You may either think to contract with a Moreno Valley, California restaurant broker to help you in selling your Moreno Valley, California restaurant or take on the task on your own. Whether considering selling your Moreno Valley, California restaurant on your own for the first time or with a restauarant broker, here are some tasks you can plan for.

#1 Gather all Necessary Paperwork

This is an important first step to take when you begin the process of marketing your Moreno Valley, California restaurant.

The required paperwork may vary from state to state--even in California, but below is a list of some generalized documents you may be requierd to have on you:

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

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It's probably smart not to reveal the majority of these documents to a possible buyer right away. However, you may want to have them at hand because you will certainly need them during the sales process.

Also, compiling these documents allows you to view your Moreno Valley, California restaurant through the lens of a buyer. This gives you a clear image of the Moreno Valley, California restaurant you are offering for sale. In addition, it allows you to show whether there are any concerns you will have to take care of.

#2 Get Your Financials in Order

Your financial documents are an important aspect of selling your Moreno Valley, California restaurant. That’s why you should strive to have your documents complete and organized.

Showing your financial records to prospective buyers may aid clear any hesitations they may have concerning your Moreno Valley, California restaurant.

The 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 information to prospective buyers.

In addition, as the seller, you have to disclose information such as debts, owed taxes, prospective repairs, etc. Failing to inform a buyer about these things can create legal problems for you if a buyer later on discovers these ommissions after signing the deal.

#3 Put Together the Details of Your Commercial Lease

In the process of preparing to sell your Moreno Valley, California restaurant, you need to understand 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 talk to your landlord concerning your plan to sell your Moreno Valley, California restaurant and to possibly extend your lease.

#4 Get An Appraisal For Your Restaurant

Buyers and investors will often request an detailed evaluation of your financial records, whether favorable or not, this will help them evaluate the true value of your Moreno Valley, California restaurant.

This will be in your best interest to ensure that you increase sales and reduce expenses to increase your cash flow planning to sell your Moreno Valley, California restaurant.

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

Also, when it comes to your assets, you'll to understand the depreciation involved. Everything depreciates, so it’s a good idea to individually value your assets.

This could help you in deriving the overall value of your Moreno Valley, California restaurant. When you understand the overall value this could help you settle on a selling price.

#5 Make Your Restaurant Look Good

The first impression of your Moreno Valley, California restaurant could go a long way in helping you bring potential buyers. Conversely, if the overall look of your Moreno Valley, California restaurant does not appeal to buyers, they could pass over right off the bat.

To avoid this from happening, everything in and out of your Moreno Valley, California restaurant must be cleaned and maintained. Landscaping and a clean parking area may help create appeal for prospective buyers.

Spot-free windows, polished door handles and a neat floor are other simple items that can help create a great first impression.

Furthermore, you should ensure all the equipment is in top condition. If your equipment is not functioning, it can convey the message that you're hurried to pass a bad deal to the buyer.

Non-functional equipment could raise doubt about your financial status and output capabilities. It may even dampen the mood of your staff, 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 potential buyers regarding buying your Moreno Valley, California restaurant.

#7 look for Moreno Valley Buyers

Marketing to prospective buyers can be time-consuming and often requires specialized skills and a certain level of expertise. This may demand that you hire a professional Moreno Valley, California restaurant broker to help. The professional Moreno Valley, California restaurant broker will offer recommendations for saving time & money for attracting more potential buyers. However, if you decide to handle this project yourself, you will need to carry out proper advertising. You can offer your Moreno Valley, California restaurant on business websites and let your family and friends know about your plans to market for sale your Moreno Valley, California restaurant.

As you will probably come across competition when trying to sell your Moreno Valley, California restaurant, you need your restaurant to stand out.

#8 Be Ready

Regardless if you decide to sell your Moreno Valley, California restaurant yourself, or with a a Moreno Valley, California restaurant broker, you need to always be prepared. Be ready to show your Moreno Valley, California restaurant to potential buyers at all times.

You will never know when a buyer will visit your Moreno Valley, California restaurant. Some buyers may even come in as customers just to perform some research before contacting you.

#9 Sell Your Moreno Valley, California Restaurant

This is the last action to take following a successful negotiation with a buyer. This stage includes the presentation of the important documentation to complete the deal. The paperwork often start with the Asset Purchase Agreement.

You may need your attorney’s help in drafting this document. Working with an attorney helps to make sure the Asset Purchase Agreement covers every detail of the contract.

This agreement includes details including the selling price of your Moreno Valley, California restaurant, assets and equipment and inventory value.

Choosing a Moreno Valley, California Restaurant Broker

Although attempting to sell your Moreno Valley, California restaurant on your own can be an exhilarating endeavor, it can also be very risky, especially for first-timers.

It's true, if you're looking to get the most from of the business transaction, you need some level of experience to stand out against your cometitors while attempting to find buyers.

Expertise is also vital during negotiations with prospective buyers. This is when an experienced Moreno Valley, California restaurant broker is recommended. A Moreno Valley, California restaurant broker has the resources, expertise and strategy required to easily take on the task of marketing for sale your Moreno Valley, California restaurant. Additionally, a restaurant broker can help you sell faster and at a great price.

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

Contact a Moreno Valley, California Restaurant Broker

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

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

Moreno Valley Zip Codes We Support: 92551, 92552, 92553, 92555, 92556, 92557, 92571