Right Time to Sell Your Mountain View, California Restaurant?

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

Contemplating starting a new Mountain View, California restaurant, moving, or maybe retiring. Regardless of the reason, selling a Mountain View, California restaurant can be a lot more difficult than you might think. Thats because it takes thoughtful preparation and a solid game plan to successfully walk away with enough profit for all the labor you’ve put into it.

Necessary Actions to Take in Selling Your Restaurant

You may either make the decision to contract with a Mountain View, California restaurant broker to guide you in selling your Mountain View, California restaurant or take on the task on your own. Whether considering selling your Mountain View, California restaurant on your own for the first time or with a restauarant broker, here are some steps you can follow.

#1 Put Together the Necessary Paperwork

This is an important preparatory step to take when you commence the process of marketing your Mountain View, California restaurant.

The required 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 at hand:

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

Corbett Restaurant Group comes with expertise to assist you in the sale of your Mountain View, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

It's probably best not to reveal the majority of these documents to a prospective buyer right away. But, you may want to have them ready because you will certainly need them during the sales process.

Also, putting together these documents allows you to see your Mountain View, California restaurant through the lens of a buyer. It gives you a clear picture of the Mountain View, California restaurant you are selling. Furthermore, it allows you to show whether there are any concerns you'll have to take care of.

#2 Get Your Financials in Order

Your financial records are an important aspect of selling your Mountain View, California restaurant. This is why you should strive to make your documents complete and organized.

Offering your financial records to potential buyers may help clear any doubt they may have regarding your Mountain View, California restaurant.

The financial records could include:

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

In addition, make sure you have duplicate copies of all of these records. This may make it easier for you to send the documentation to potential buyers.

Also, as a seller, you must disclose information such as debts, owed taxes, planned repairs, etc. Failure to inform a buyer about these things may create legal problems for you if a buyer later on discovers these ommissions post closing the deal.

#3 Gather the Details of Your Commercial Lease

In the process of preparing to sell your Mountain View, California restaurant, you need to review of your commercial lease. It would be devestating if, after attracting a buyer, your lease prevents you from closing the deal.

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

#4 Get An Appraisal For Your Restaurant

Buyers and investors will most likely request an detailed analysis of your financial records, whether favorable or not, this helps with estimating the value of your Mountain View, California restaurant.

It is therefore in your best interest to ensure that you augment sales and reduce expenses to increase your cash flow planning to sell your Mountain View, California restaurant.

The estimated time it may take to sell a Mountain View, California restaurant is 6 months. Within those six months, there is a lot you can do in order to strengthen your profit and slash various costs, and thus strengthen the worth of your Mountain View, California restaurant.

Also, 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 may assist you in coming up with the probable value of your Mountain View, California restaurant. When you understand the overall value this may help you settle on a selling price.

#5 Make Your Restaurant Look Good

The first impression of your Mountain View, California restaurant could go a great distance in helping you attract potential buyers. Alternatively, if the general aesthetic of your Mountain View, California restaurant does not appeal to buyers, they might pass over right off the bat.

To avoid this from happening, everything in and out of your Mountain View, California restaurant must be clean. Landscaping and a clean parking lot may help create appeal for potential buyers.

Spot-free windows, polished handles and a clean floor are also simple things that could help create a unforgettable initial impression.

Furthermore, you should make sure that all the equipment is in top condition. If your equipment is not working properly, it might convey the message that you're in a hurry to pass a bad deal to the buyer.

Non-functional equipment can raise doubt about your financial status and production capabilities. It may even dampen the mood 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 potential buyers regarding buying your Mountain View, California restaurant.

#7 look for Mountain View Buyers

Looking for potential buyers can be time-consuming and can require specialized skills and a certain level of expertise. This may require that you hire an experienced Mountain View, California restaurant broker to help. The professional Mountain View, California restaurant broker will come with recommendations for saving time & money for drawing in more potential buyers. However, if you make the decision to take on this task yourself, you will need to carry out proper advertising. You can show your Mountain View, California restaurant on business websites and let your family and friends know about your intentions to market for sale your Mountain View, California restaurant.

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

#8 Be Ready

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

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

#9 Sell Your Mountain View, California Restaurant

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

You may need your attorney’s help in drafting this document. Involving an attorney is recommended to make sure the Asset Purchase Agreement covers every detail of the deal.

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

Choosing a Mountain View, California Restaurant Broker

Although trying to sell your Mountain View, California restaurant on your own can be an exciting endeavor, it could also be quite risky, especially for first time sellers.

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

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

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

Contact a Mountain View, California Restaurant Broker

Choosing to sell your Mountain View, California restaurant through a Mountain View, California restaurant broker has multiple advantages. First, however, you need to select the best Mountain View, California restaurant broker to help you in selling your Mountain View, California restaurant.

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

Mountain View Zip Codes We Support: 94035, 94039, 94040, 94041, 94042, 94043, 94087, 94303