Right Time to Sell Your Rohnert Park, California Restaurant?

After years of sweat equity, you have decided to sell your Rohnert Park, California restaurant

Contemplating opening a new Rohnert Park, California restaurant, moving, or even retiring. No matter the reason, selling a Rohnert Park, California restaurant can be a lot more challenging than you may realize. Thats because it takes careful preparation and a solid game plan to successfully walk away with enough profit for all the time you may have put into it.

Important Actions to Take in Selling Your Restaurant

You may either think to hire a Rohnert Park, California restaurant broker to help you in selling your Rohnert Park, California restaurant or take on the task yourself. If you are considering selling your Rohnert Park, California restaurant on your own for the first time or with a restauarant broker, you should follow these steps.

#1 Gather the Necessary Paperwork

This is a necessary initial step to make when you start the process of marketing your Rohnert Park, California restaurant.

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

• A list of your assets
• Lease document
• 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 comes with experience to assist you in the market for sale of your Rohnert Park, California restaurant. Call today for a no strings attached business review at (888) 266-5182.

You certainly do not want to reveal the majority of these documents to a potrntial buyer first day. However, you may want to have them ready because you will certainly need them during the sales process.

In addition, putting together these documents lets you see your Rohnert Park, California restaurant through the lens of a buyer. It gives you a clear picture of the Rohnert Park, California restaurant you are selling. Furthermore, it allows you to show if there are any areas you'll have to take care of.

#2 Get Your Financials in Order

Your financial records are a crucial part of selling your Rohnert Park, California restaurant. This is the reason you should make it a priority to make your documents complete and well organized.

Offering your financial records to prospective buyers may aid clear any doubt they might have concerning your Rohnert Park, California restaurant.

The financial documents could include:

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

In addition, ensure you have soft copies of all of the documents. This will make it easier for you to transmit the records to possible buyers.

Also, as a seller, you must disclose information such as debts, owed taxes, planned repairs, etc. Failure to inform a buyer regarding these items may create legal issues for you if a buyer later on discovers these liabilities post completing the deal.

#3 Organize the Details of Your Commercial Lease

While preparing to sell your Rohnert Park, California restaurant, you must find out the terms of your commercial lease. It would be disappointing if, after attracting a buyer, your lease ends up preventing you from closing the deal.

For this reason, it may advisable to talk to your landlord concerning your plan to sell your Rohnert Park, California restaurant and to potentially extend your lease.

#4 Appraise Your Restaurant

Buyers and investors could request an detailed evaluation of your financial records, whether favorable or not, this helps with estimating the true value of the Rohnert Park, California restaurant.

It is therefore in your best interest to ensure that you increase sales and reduce expenses to build up your cash flow before trying to sell your Rohnert Park, California restaurant.

The estimated time it may take to sell a Rohnert Park, California restaurant is six months. Within those six months, there are many things you can do to strengthen your profit and cut several costs, and therefore increase the value of your Rohnert Park, California restaurant.

In addition, 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 could aid you in estimating the probable value of your Rohnert Park, California restaurant. Understanding the overall value will help you settle on a selling price.

#5 Increase Curb Appeal

The appearance of your Rohnert Park, California restaurant can go a great distance in helping you attract potential buyers. Conversely, if the general aesthetic of your Rohnert Park, California restaurant does not look good to buyers, they could pass over right off the bat.

To prevent this from happening, all things in and out of your Rohnert Park, California restaurant must be cleaned and maintained. Manicured and a clean parking lot may help create appeal for prospective buyers.

Clean windows, polished door handles and a clean floor are also simple things that could help create a memorable first impression.

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

Faulty equipment may rouse doubt about your financial situation and output capabilities. It can even lower the mood of your employees, which 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 regarding purchasing your Rohnert Park, California restaurant.

#7 Search for Rohnert Park Buyers

Looking for prospective buyers is time-consuming and often requires specialized skills and a certain level of expertise. This may require that you hire a professional Rohnert Park, California restaurant broker to help. A professional Rohnert Park, California restaurant broker will have recommendations for saving time & money for attracting more prospective buyers. However, if you decide to handle this task by yourself, you will need to carry out proper advertising. You can market your Rohnert Park, California restaurant on listing websites and tell family and friends about your intentions to market for sale your Rohnert Park, California restaurant.

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

#8 Be Prepared

If you decide to sell your Rohnert Park, California restaurant yourself, or with a a Rohnert Park, California restaurant broker, you should always be ready. Be ready to show your Rohnert Park, California restaurant to potential buyers at all times.

You never know when a buyer could visit your Rohnert Park, California restaurant. Some buyers might even come in as customers in order to perform some research before contacting you.

#9 Sell Your Rohnert Park, California Restaurant

This is the remaining action to take after a successful negotiation with a buyer. This stage involves the presentation of the important documentation to complete the transaction. The documentation will likely begin with the Asset Purchase Agreement.

You may need your attorney’s assistance in drafting this document. Involving an attorney is recommended to ensure the Asset Purchase Agreement covers every detail of the contract.

This agreement includes details such as the selling price of your Rohnert Park, California restaurant, items and equipment and inventory value.

Choosing a Rohnert Park, California Restaurant Broker

Although trying to sell your Rohnert Park, California restaurant on your own can be an exciting project, it could also be quite risky, especially for first time sellers.

The fact remains, if you're looking to get the most from of the business transaction, you need some level of expertise in order to stand above and against the competition while trying to find buyers.

Experience is also vital during negotiations with potential buyers. This is where an experienced Rohnert Park, California restaurant broker is needed. A Rohnert Park, California restaurant broker has the resources, expertise and strategy needed to easily take on the task of marketing for sale your Rohnert Park, California restaurant. Additionally, a restaurant broker can help you sell faster and for more money.

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

Contact a Rohnert Park, California Restaurant Broker

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

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

Rohnert Park Zip Codes We Support: 94927, 94928, 95407