Decided to Sell Your Pleasanton, California Restaurant?

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

Contemplating starting a different Pleasanton, California restaurant, relocating, or even retiring. No matter the reason, selling a Pleasanton, California restaurant can be way more complicated than you might think. This is because it takes thoughtful preparation and a solid strategy to successfully exit with enough money for all the time you may have put into it.

Necessary Steps to Take in Selling Your Restaurant

You can either decide to contract with a Pleasanton, California restaurant broker to assist you in selling your Pleasanton, California restaurant or do the task yourself. If you are considering selling your Pleasanton, California restaurant on your own for the first time or with a restauarant broker, here are some tasks you can follow.

#1 Gather all Business Paperwork

This is a necessary first step to take when you begin the process of offering your Pleasanton, California restaurant.

The necessary 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 documents
• Architectural plans
• Financial statements and other important financial documents

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

You probably do not want to reveal the majority of these documents to a potrntial buyer right away. However, you should have them ready because you will certainly require them during the sales process.

In addition, compiling these documents allows you to see your Pleasanton, California restaurant through the lens of a buyer. It gives you a clear image of the Pleasanton, California restaurant you're offering for sale. In addition, it helps you show whether there are any concerns you will need to address.

#2 Put Your Financials in Order

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

Offering your financial records to potential buyers may help clear any doubt they may have regarding your Pleasanton, 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 duplicate copies of all of the records. This may make it easier for you to transmit the records to prospective buyers.

In addition, as a seller, you have to disclose information including debts, owed taxes, prospective repairs, etc. Failing to inform a buyer about these items may create legal problems for you if a buyer later on discovers these ommissions post closing the deal.

#3 Organize the Information On Your Commercial Lease

In the process of preparing to sell your Pleasanton, California restaurant, you need to review of your commercial lease. It could be disappointing if, after securing a buyer, your lease hinders you from sealing the deal.

For this reason, it could be advisable to talk to your landlord regarding your plan to sell your Pleasanton, California restaurant and to potentially extend your lease.

#4 Have Your Restauarant Appraised

Buyers and investors will most likely request an in-depth evaluation of your financial records, whether favorable or not, this helps with estimating the true value of your Pleasanton, California restaurant.

It is therefore in your best interest to ensure that you augment sales and make a reduction in your expenses to build up your cash flow planning to sell your Pleasanton, California restaurant.

The average time it takes to sell a Pleasanton, California restaurant is 6 months. Within the six months, there are many things you can do in order to increase your profit and cut various costs, and thus strengthen the worth of your Pleasanton, California restaurant.

In addition, 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 could help you in deriving the overall value of your Pleasanton, California restaurant. If you understand the overall value this may help you come up with a selling price.

#5 Increase Curb Appeal

The first impression of your Pleasanton, California restaurant can go a great distance in helping you bring potential buyers. Alternatively, if the overall aesthetic of your Pleasanton, California restaurant does not look good to buyers, they might take a pass without consideration.

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

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

Additionally, you should ensure all the equipment is in satisfactory condition. If your equipment is not working properly, it can convey the message that you're in a hurry to pass a bad deal to the buyer.

Non-functional equipment also raises doubt about your financial capabilities and output capabilities. It can even lower the mood of your employees, which 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 buying your Pleasanton, California restaurant.

#7 look for Pleasanton Buyers

Searching for potential buyers is time-consuming and can require specific skills and a certain level of experience. This may require that you hire a professional Pleasanton, California restaurant broker to help. The professional Pleasanton, 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 project by yourself, you will need to create proper advertising. You can offer your Pleasanton, California restaurant on listing websites and let your family and friends know about your intentions to market for sale your Pleasanton, California restaurant.

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

#8 Be Ready

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

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

#9 Sell Your Pleasanton, California Restaurant

This is the final action to take after a successful negotiation with a buyer. This stage includes the presentation of the important documentation to complete the contract. The paperwork often begin with the Asset Purchase Agreement.

You should have your attorney’s help in drafting this document. Involving an attorney helps to make sure the Asset Purchase Agreement covers every aspect of the transaction.

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

Choosing a Pleasanton, California Restaurant Broker

While trying to sell your Pleasanton, California restaurant on your own can be an exhilarating endeavor, it can also be quite risky, especially for first time sellers.

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

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

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

Contact a Pleasanton, California Restaurant Broker

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

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

Pleasanton Zip Codes We Support: 94566, 94568, 94588