Right Time to Sell Your Rancho Cordova, California Restaurant?

Following years of labor, you have made the decision sell your Rancho Cordova, California restaurant

Contemplating starting a new eatery, moving, or even slowing down. No matter the reason, selling your Rancho Cordova, California restaurant can be a lot more complicated than you may realize. This is because it takes careful preparation and a solid strategy to successfully walk away with enough proceeds for all the labor you may have put into it.

Important Actions to Take when Selling Your Restaurant

You can either make the decision to contract with a Rancho Cordova, California restaurant broker to assist you in selling your Rancho Cordova, California restaurant or take on the task on your own. If you are considering selling your Rancho Cordova, California restaurant on your own for the first time or with a restauarant broker, here are some tasks you can follow.

#1 Put Together any Necessary Documentation

This is a necessary initial step to make when you begin the process of marketing your Rancho Cordova, California restaurant.

The necessary documents 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 on you:

• A list of 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 has the expertise to assist you in the market for sale of your Rancho Cordova, California restaurant. Call today for a no strings attached business review at (888) 266-5182.

You certainly do not want to show the majority of these documents to a possible buyer first day. But, you should have them ready because you will eventually need them during the sales process.

Also, putting together these documents lets you see your Rancho Cordova, California restaurant through the lens of a buyer. This provides you a clear image of the Rancho Cordova, California restaurant you are selling. Furthermore, it helps you show if there are any areas you'll have to address.

#2 Get Your Financial Records in Order

Your financial records are a crucial detail of selling your Rancho Cordova, California restaurant. That’s why you should make an effort to have these documents accurate and organized.

Offering your financial documents to potential buyers could help clear any doubt they might have regarding your Rancho Cordova, California restaurant.

Your financial documents may 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 the records. This may make it easier for you to send the records to potential buyers.

In addition, as the seller, you have to disclose information including debts, owed taxes, planned repairs, etc. Failure to inform a buyer regarding these items can create legal issues for you if a buyer later on discovers these liabilities after sealing the deal.

#3 Put Together the Details of Your Commercial Lease

While preparing to sell your Rancho Cordova, California restaurant, you need to review of your commercial lease. It would be disappointing if, after securing a buyer, your lease ends up preventing you from sealing the deal.

For this reason, it could be advisable to talk to your landlord concerning your plan to sell your Rancho Cordova, California restaurant and to possibly extend your lease.

#4 Have Your Restauarant Appraised

Buyers and investors will most likely request an in-depth analysis of your financial records, whether favorable or not, this helps them estimate the true value of your Rancho Cordova, California restaurant.

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

The estimated time it may take to sell a Rancho Cordova, California restaurant is 6 months. Within those six months, there are many things you can do in order to strengthen your profit and slash several costs, and thus increase the value of your Rancho Cordova, California restaurant.

In addition, when it comes to your assets, you'll to understand the depreciation involved. Everything depreciates, so it’s a good idea to individually value your assets.

This could aid you in deriving the overall value of your Rancho Cordova, California restaurant. If you understand the overall value this could help you determine a selling price.

#5 Make Your Restaurant Look Good

The appearance of your Rancho Cordova, California restaurant can go a great distance in helping you attract potential buyers. Conversely, if the general curb appeal of your Rancho Cordova, California restaurant does not appeal to buyers, they might pass over without a second look.

To prevent this from happening, everything in and out of your Rancho Cordova, California restaurant must be clean. Manicured and a clean parking lot could help create appeal for potential buyers.

Clean windows, polished door handles and a clean floor are also simple items that would help create a memorable initial impression.

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

Non-functional equipment could raise doubt about your financial situation and output abilities. It can even lower the morale of your employees, and in turn, negatively affect your output and effect your profit and loss statement.

You should appear credible in order to build the confidence of prospective buyers regarding purchasing your Rancho Cordova, California restaurant.

#7 Search for Rancho Cordova Buyers

Searching for potential buyers is time-consuming and can require specific skills and a certain level of experience. This may demand that you hire a professional Rancho Cordova, California restaurant broker to help. A professional Rancho Cordova, California restaurant broker will come with recommendations for saving time & money for attracting more prospective buyers. However, if you decide to take on this task alone, you will need to create proper advertising. You can market your Rancho Cordova, California restaurant on listing websites and tell family and friends about your intentions to sell your Rancho Cordova, California restaurant.

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

#8 Be Prepared

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

You never know when a buyer will walk into your Rancho Cordova, California restaurant. Some buyers might even visit as customers just to carry out some research before contacting you.

#9 Sell Your Rancho Cordova, California Restaurant

This is the final action to take after a successful negotiation with a buyer. This stage involves the presentation of the important paperwork to finalize the transaction. The documentation will usually begin with the Asset Purchase Agreement.

You should have your attorney’s assistance in creating this document. Involving an attorney helps to ensure the Asset Purchase Agreement covers every detail of the transaction.

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

Choosing a Rancho Cordova, California Restaurant Broker

Although attempting to sell your Rancho Cordova, California restaurant on your own can be an exhilarating project, it can also be very risky, especially for first time sellers.

The fact remains, if you're looking to get the most out of the business deal, you need a higher level of expertise to stand out against the competition while attempting to find buyers.

Expertise is also vital during negotiations with prospective buyers. This is where an experienced Rancho Cordova, California restaurant broker is needed. A Rancho Cordova, California restaurant broker has the resources, experience and strategy needed to easily take on the task of marketing for sale your Rancho Cordova, California restaurant. Additionally, a restaurant broker will liekly help you sell faster and for more money.

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

Contact a Rancho Cordova, California Restaurant Broker

Deciding to sell your Rancho Cordova, California restaurant through a Rancho Cordova, California restaurant broker has many advantages. First, however, you need to select the best Rancho Cordova, California restaurant broker to assist you in selling your Rancho Cordova, California restaurant.

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

Rancho Cordova Zip Codes We Support: 95655, 95670, 95683, 95741, 95742, 95827