Time to Sell Your Orangevale, California Restaurant?

Following years of hard work, you have made the decision sell your Orangevale, California restaurant

Contemplating opening a different Orangevale, California restaurant, moving, or even retiring. Regardless of the reason, selling a Orangevale, California restaurant can be a lot more challenging than you might think. This is because it takes thoughtful preparation and a solid strategy to successfully exit with enough money for all the labor you may have put into it.

Necessary Actions to Consider in Selling Your Restaurant

You can either decide to hire a Orangevale, California restaurant broker to help you in selling your Orangevale, California restaurant or do the task on your own. If you are considering selling your Orangevale, California restaurant on your own for the first time or with a restauarant broker, here are some steps you can expect.

#1 Gather any Business Paperwork

This is an important initial step to make when you commence the process of selling your Orangevale, California restaurant.

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

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

Corbett Restaurant Group has the experience to help you in the sale of your Orangevale, California restaurant. Call today for a no-obligation consultation at (888) 266-5182.

It's probably best not to show all these documents to a possible buyer day one. But, you may want to have them on hand because you will eventually require them during the sales process.

In addition, putting together these documents allows you to see your Orangevale, California restaurant through the lens of a buyer. This gives you a clear image of the Orangevale, California restaurant you are offering for sale. Furthermore, it helps you show whether there are any areas you will have to address.

#2 Put Your Financial Documents in Order

Your financial records are a crucial detail of selling your Orangevale, California restaurant. This is why you should make it a priority to have these documents complete and organized.

Offering your financial documents to possible buyers may help clear any doubt they may have regarding your Orangevale, California restaurant.

Your financial records can 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 these records. This will make it easier for you to transmit the documentation to potential buyers.

Also, as a seller, you have to disclose information such as debts, owed taxes, deferred repairs, etc. Failure to inform a buyer regarding these items may create legal problems for you if a buyer later on discovers these ommissions post completing the deal.

#3 Gather the Information On Your Commercial Lease

While preparing to sell your Orangevale, California restaurant, you need to review of your commercial lease. It could be disappointing if, after securing a buyer, your lease prevents you from closing the deal.

For this reason, it could be advisable to talk to your landlord concerning your plan to sell your Orangevale, 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 financial records, whether favorable or not, this will help them estimate the value of your Orangevale, California restaurant.

It is therefore in your best interest to make sure that you increase sales and reduce expenses to build up your cash flow before trying to sell your Orangevale, California restaurant.

The average time it takes to sell a Orangevale, California restaurant is six months. Within the six months, there are many things you can do in order to strengthen your profit and cut several costs, and thus strengthen the value of your Orangevale, California restaurant.

Also, with regards to your assets, you'll to understand the depreciation involved. Everything depreciates, so it’s a good idea to individually estimate your assets.

This will assist you in coming up with the overall worth of your Orangevale, California restaurant. If you understand the overall value this could help you settle on a selling price.

#5 Increase Curb Appeal

The appearance of your Orangevale, California restaurant can go a long way in helping you bring potential buyers. Alternatively, if the overall aesthetic of your Orangevale, California restaurant does not look good to buyers, they likely pass over right off the bat.

To prevent this from happening, all things in and out of your Orangevale, California restaurant must be cleaned and maintained. Landscaping and a clean parking lot may help create appeal for potential buyers.

Spot-free windows, polished handles and a presentable floor are other simple things that could help create a unforgettable first impression.

Additionally, you should ensure that all your equipment is in top condition. If your equipment is not functioning, it could send the message that you are hurried to pass a bad deal to the buyer.

Faulty equipment could raise doubt about your financial status and output abilities. It may even lower the morale of your staff, and in response, negatively affect your output and effect your profit and loss statement.

You should appear credible in order to build the confidence of potential buyers concerning purchasing your Orangevale, California restaurant.

#7 Search for Orangevale Buyers

Marketing to prospective buyers is time-consuming and can require specialized skills and a certain level of experience. This may demand that you hire an experienced Orangevale, California restaurant broker to help. The professional Orangevale, California restaurant broker will come with recommendations for saving time & money for attracting more prospective buyers. However, if you decide to take on this project by yourself, you will need to create appropriate advertising. You can offer your Orangevale, California restaurant on listing websites and let your family and friends know about your plans to sell your Orangevale, California restaurant.

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

#8 Be Prepared

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

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

#9 Sell Your Orangevale, California Restaurant

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

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

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

Choosing a Orangevale, California Restaurant Broker

While trying to sell your Orangevale, California restaurant on your own can be an exciting endeavor, it can also be very risky, especially for first-timers.

It's true, in order for you to achieve the most from of the business transaction, you need some level of expertise in order to stand above and against the competition while attempting to attract buyers.

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

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

Contact a Orangevale, California Restaurant Broker

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

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

Orangevale Zip Codes We Support: 95610, 95628, 95662