Decided to Sell Your Pacifica, California Restaurant?

Following years of sweat equity, you have made the decision sell your Pacifica, California restaurant

Considering opening a different Pacifica, California restaurant, relocating, or even slowing down. No matter the reason, selling your Pacifica, California restaurant can be a lot more challenging than you may think. Thats because it takes careful preparation and a solid strategy to successfully walk away with enough profit for all the time you’ve put into it.

Important Steps to Consider when Selling Your Restaurant

You may either make the decision to hire a eatery broker to assist you in selling your Pacifica, California restaurant or do the task yourself. If you are considering selling your Pacifica, California restaurant on your own for the first time or with a restauarant broker, here are some tasks you can expect.

#1 Gather the Important Documentation

This is a necessary initial step to make when you commence the process of offering your Pacifica, 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 need to have ready:

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

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

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

In addition, compiling these documents lets you view your Pacifica, California restaurant through the lens of a buyer. This gives you a clear picture of the Pacifica, California restaurant you're selling. In addition, it helps you identify whether there are any concerns you'll have to address.

#2 Get Your Financial Records in Order

Your financial documents are a crucial part of selling your Pacifica, California restaurant. This is the reason you should strive to have these documents complete and organized.

Offering your financial records to possible buyers could assist to clear any doubt they may have concerning your Pacifica, California restaurant.

Your financial documents may include:

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

Also, make sure you have soft copies of all of the records. This can make it easier for you to transmit the documentation to possible buyers.

Also, as the seller, you must disclose information including debts, owed taxes, planned repairs, etc. Failing to inform a buyer regarding these things can create legal issues for you if a buyer later discovers these ommissions after closing the deal.

#3 Organize the Details of Your Commercial Lease

While preparing to sell your Pacifica, California restaurant, you must find out the terms of your commercial lease. It could be devestating if, after securing a buyer, your lease ends up preventing you from sealing the deal.

For this reason, it is advisable to talk to your landlord regarding your plan to sell your Pacifica, California restaurant and to possibly extend your lease.

#4 Get An Appraisal For Your Restaurant

Buyers and investors will often request an detailed analysis of your financials, whether favorable or not, this helps with estimating the true value of your Pacifica, 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 planning to sell your Pacifica, California restaurant.

The estimated time it takes to sell a Pacifica, California restaurant is six months. Within the six months, there are several things you can do to strengthen your profit and slash several costs, and thus strengthen the value of your Pacifica, California restaurant.

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

This will aid you in coming up with the overall worth of your Pacifica, 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 Pacifica, California restaurant could go a great distance in helping you bring potential buyers. Conversely, if the overall curb appeal of your Pacifica, California restaurant does not appeal to buyers, they likely take a pass without a second look.

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

Spot-free windows, polished handles and a clean floor are also easy items that could help create a unforgettable first impression.

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

Non-functional equipment could raise doubt about your financial situation and output abilities. It may even lower the mood of your employees, 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 purchasing your Pacifica, California restaurant.

#7 look for Pacifica Buyers

Looking for potential buyers is time-consuming and often requires specialized skills and a certain level of experience. This may require that you hire a professional Pacifica, California restaurant broker to help. A professional Pacifica, California restaurant broker will have recommendations for saving time & money for drawing in more prospective buyers. However, if you decide to handle this project by yourself, you will need to carry out appropriate advertising. You can list your Pacifica, California restaurant on business websites and tell family and friends about your intentions to sell your Pacifica, California restaurant.

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

#8 Be Prepared

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

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

#9 Sell Your Pacifica, California Restaurant

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

You may need your attorney’s assistance in creating this document. Working with an attorney is recommended to ensure the Asset Purchase Agreement covers every aspect of the transaction.

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

Choosing a Pacifica, California Restaurant Broker

While attempting to sell your Pacifica, California restaurant on your own can be an exciting project, it can also be quite risky, especially for first-timers.

The fact remains, in order for you to achieve the most out of the business deal, you need a higher level of experience to stand above and against your cometitors while trying to attract buyers.

Expertise is also vital during negotiations with potential buyers. This is where an experienced Pacifica, California restaurant broker is recommended. A Pacifica, California restaurant broker has the resources, experience and strategy required to easily take on the task of selling your Pacifica, California restaurant. Additionally, a restaurant broker can help you sell faster and for more money.

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

Contact a Pacifica, California Restaurant Broker

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

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

Pacifica Zip Codes We Support: 94044