Right Time to Sell Your Rocklin, California Restaurant?

After years of labor, you have decided to sell your Rocklin, California restaurant

Contemplating starting a new Rocklin, California restaurant, moving, or even slowing down. No matter the reason, selling a Rocklin, California restaurant can be way more challenging than you may realize. Thats because it takes thoughtful preparation and a solid game plan to successfully exit with enough proceeds for all the sweat you may have put into it.

Necessary Actions to Take in Selling Your Restaurant

You may either decide to hire a eatery broker to assist you in selling your Rocklin, California restaurant or do the task yourself. If you are considering selling your Rocklin, California restaurant on your own for the first time or with a restauarant broker, you should follow these steps.

#1 Put Together any Important Paperwork

This is an important preparatory step to make when you begin the process of offering your Rocklin, California restaurant.

The required paperwork may vary from state to state--even in California, but the following is a list of some generalized documents you may find helpful to have prepared:

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

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

It's probably best not to show the majority of these documents to a potrntial buyer day one. However, you should have them at hand because you will certainly require them during the sales process.

In addition, putting together these documents lets you view your Rocklin, California restaurant through the lens of a buyer. This provides you a clear picture of the Rocklin, California restaurant you are selling. In addition, it helps you show if there are any areas you will have to take care of.

#2 Put Your Financials in Order

Your financial documents are an important part of selling your Rocklin, California restaurant. That’s why you should make it a priority to have your documents complete and well organized.

Offering your financial records to potential buyers could assist to clear any doubt they might have regarding your Rocklin, California restaurant.

The financial records can include:

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

In addition, ensure you have hard copies of all of these documents. This may make it easier for you to send the documentation to potential buyers.

Likewise, as a seller, you must disclose information such as debts, owed taxes, prospective repairs, etc. Failing to inform a buyer regarding these things may create legal problems for you if a buyer later discovers these liabilities post sealing the deal.

#3 Organize the Information On Your Commercial Lease

In the process of preparing to sell your Rocklin, California restaurant, you must find out the terms of your commercial lease. It would be disappointing if, after securing a buyer, your lease ends up preventing you from closing the deal.

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

#4 Have Your Restauarant Appraised

Buyers and investors may request an detailed evaluation of your financials, whether favorable or not, this helps them evaluate the true value of the Rocklin, California restaurant.

This will be in your best interest to make sure that you augment sales and reduce expenses to build up your cash flow before trying to sell your Rocklin, California restaurant.

The estimated time it takes to sell a Rocklin, 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 therefore increase the worth of your Rocklin, California restaurant.

Also, 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 may assist you in coming up with the overall worth of your Rocklin, California restaurant. Understanding the overall value will help you determine a selling price.

#5 Increase Curb Appeal

The appearance of your Rocklin, California restaurant will go a great distance in helping you attract potential buyers. Conversely, if the overall look of your Rocklin, California restaurant does not appeal to buyers, they might pass over right off the bat.

To avoid this from happening, all things in and out of your Rocklin, California restaurant must be clean. Landscaped and a clean parking area may help create appeal for potential buyers.

Spot-free windows, polished handles and a presentable floor are also simple items that would help create a unforgettable first impression.

Furthermore, you should make sure that all the equipment is in top condition. If your equipment is not functioning, it can convey the message that you're hurried to pass a bad deal to the buyer.

Non-functional equipment may rouse doubt about your financial situation and output capabilities. It can even dampen the mood of your employees, and in turn, negatively affect your output and effect your profit and loss statement.

You should look credible in order to build the confidence of prospective buyers concerning purchasing your Rocklin, California restaurant.

#7 look for Rocklin Buyers

Marketing to prospective buyers is time-consuming and can require specialized skills and a certain level of expertise. This may require that you hire a professional Rocklin, California restaurant broker to help. The professional Rocklin, California restaurant broker will have recommendations for saving time for drawing in more potential buyers. However, if you decide to take on this task alone, you will need to carry out appropriate advertising. You can offer your Rocklin, California restaurant on listing websites and let your family and friends know about your intentions to market for sale your Rocklin, California restaurant.

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

#8 Be Ready

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

You will never know when a buyer will visit your Rocklin, California restaurant. Some buyers may even visit as customers just to carry out some research before reaching out to you.

#9 Sell Your Rocklin, California Restaurant

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

You may need your attorney’s assistance in drafting this document. Working with an attorney helps to make sure the Asset Purchase Agreement covers every aspect of the transaction.

This document includes details including the selling price of your Rocklin, California restaurant, assets and equipment and inventory value.

Choosing a Rocklin, California Restaurant Broker

Although trying to sell your Rocklin, California restaurant on your own can be an exhilarating endeavor, it could also be very risky, especially for first-timers.

The fact remains, if you're looking to achieve the most from of the business deal, you need some level of experience in order to stand out against the cometitors while attempting to attract buyers.

Experience is also vital during negotiations with potential buyers. This is where an experienced Rocklin, California restaurant broker comes in. A Rocklin, California restaurant broker has the resources, expertise and strategy required to easily take on the task of selling your Rocklin, California restaurant. Additionally, a restaurant broker can help you sell faster and at a great price.

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

Contact a Rocklin, California Restaurant Broker

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

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

Rocklin Zip Codes We Support: 95650, 95677, 95765