Decided to Sell Your Pleasant Hill, California Restaurant?

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

Considering opening a new eatery, relocating, or even retiring. No matter the reason, selling a Pleasant Hill, California restaurant can be a lot more challenging than you might think. Thats because it takes careful preparation and a solid strategy to successfully get out with enough money for all the labor you may have put into it.

Important Steps to Take when Selling Your Restaurant

You can either think to hire a Pleasant Hill, California restaurant broker to guide you in selling your Pleasant Hill, California restaurant or take on the task on your own. Whether considering selling your Pleasant Hill, California restaurant on your own for the first time or with a restauarant broker, here are some tasks you can expect.

#1 Gather all Business Documentation

This is an important first step to take when you begin the process of offering your Pleasant Hill, California restaurant.

The required paperwork may vary from state to state--even in California, but below is a list of a few general documents you may need to have on you:

• 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 sale of your Pleasant Hill, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

It's probably best not to show all these documents to a prospective buyer right away. But, you should have them ready because you will certainly need them during the sales process.

Also, putting together these documents lets you view your Pleasant Hill, California restaurant through the lens of a buyer. This provides you a clear image of the Pleasant Hill, California restaurant you're selling. In addition, it helps you show whether there are any loopholes you will have to address.

#2 Get Your Financial Documents in Order

Your financial records are an important part of selling your Pleasant Hill, California restaurant. This is the reason you should make it a priority to make these documents accurate and well organized.

Showing your financial documents to possible buyers could aid clear any hesitations they may have concerning your Pleasant Hill, California restaurant.

These financial records may include:

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

Also, ensure you have duplicate copies of all of these documents. This will make it easier for you to send the documentation to potential buyers.

In addition, as the seller, you must disclose information such as debts, owed taxes, expected repairs, etc. Failing to inform a buyer about these things could create legal problems for you if a buyer later on discovers these liabilities post signing the deal.

#3 Put Together the Details of Your Commercial Lease

While preparing to sell your Pleasant Hill, California restaurant, you need to review of your commercial lease. It could be devestating if, after attracting a buyer, your lease hinders you from sealing the deal.

For this reason, it may advisable to have a discussion with your landlord concerning your plan to sell your Pleasant Hill, California restaurant and to potentially extend your lease.

#4 Get An Appraisal For Your Restaurant

Buyers and investors will often request an detailed evaluation of your financials, whether favorable or not, this helps them estimate the true value of the Pleasant Hill, California restaurant.

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

The average time it takes to sell a Pleasant Hill, California restaurant is 6 months. Within the six months, there are several things you can do to increase your profit and slash various costs, and thus strengthen the worth of your Pleasant Hill, California restaurant.

In addition, when it comes to your assets, you need to understand the depreciation involved. Everything depreciates, so it’s best to individually estimate your assets.

This will assist you in estimating the probable value of your Pleasant Hill, California restaurant. When you understand the overall worth this could help you come up with a selling price.

#5 Make Your Restaurant Look Better

The appearance of your Pleasant Hill, California restaurant will go a long way in helping you attract potential buyers. Alternatively, if the overall curb appeal of your Pleasant Hill, California restaurant does not look good to buyers, they likely pass over without a second look.

To prevent this from happening, everything in and out of your Pleasant Hill, California restaurant must be cleaned and maintained. Landscaping and a clean parking area can help create curb appeal for prospective buyers.

Clean windows, polished door handles and a presentable floor are also simple items that can help create a great first impression.

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

Faulty equipment can raise doubt about your financial situation and output capabilities. It may even lower 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 prospective buyers concerning purchasing your Pleasant Hill, California restaurant.

#7 Search for Pleasant Hill Buyers

Marketing to prospective buyers is time-consuming and often requires specialized skills and a certain level of expertise. This may demand that you hire a professional Pleasant Hill, California restaurant broker to help. The professional Pleasant Hill, California restaurant broker will come with recommendations for saving time & money for attracting more prospective buyers. However, if you make the decision to handle this project yourself, you will need to carry out appropriate advertising. You can list your Pleasant Hill, California restaurant on business websites and let your family and friends know about your intentions to sell your Pleasant Hill, California restaurant.

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

#8 Be Ready

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

You'll never know when a buyer will visit your Pleasant Hill, California restaurant. Some buyers may even visit as customers in order to perform some research before contacting you.

#9 Sell Your Pleasant Hill, California Restaurant

This is the final action to take following a successful negotiation with a buyer. This stage involves the presentation of the necessary documentation to complete the transaction. The paperwork will usually begin 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 deal.

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

Choosing a Pleasant Hill, California Restaurant Broker

While trying to sell your Pleasant Hill, California restaurant on your own can be an exhilarating project, it can also be quite risky, especially for first-timers.

It's true, in order for you to get the most out of the business transaction, you need some level of experience in order to stand above and against the cometitors while attempting to find buyers.

Expertise is also vital during negotiations with prospective buyers. This is when an experienced Pleasant Hill, California restaurant broker is needed. A Pleasant Hill, California restaurant broker has the resources, experience and strategy needed to easily take on the task of marketing for sale your Pleasant Hill, California restaurant. Additionally, a restaurant broker will liekly help you sell faster and get you a higher sale value.

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

Contact a Pleasant Hill, California Restaurant Broker

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

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

Pleasant Hill Zip Codes We Support: 94523