Time to Sell Your Roseville, California Restaurant?

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

Contemplating opening a new Roseville, California restaurant, relocating, or even slowing down. Regardless of the reason, selling your Roseville, California restaurant can be way more difficult than you may realize. This is because it takes careful preparation and a solid game plan to successfully walk away with enough profit for all the sweat you’ve put into it.

Important Steps to Consider in Selling Your Restaurant

You may either decide to hire a eatery broker to help you in selling your Roseville, California restaurant or do the task on your own. Whether considering selling your Roseville, California restaurant on your own for the first time or with a restauarant broker, here are some tasks you can plan for.

#1 Put Together the Important Documentation

This is a necessary preparatory step to make when you start the process of marketing your Roseville, California restaurant.

The required documents may vary from state to state--even in California, but the following is a list of a few standard documents you may need to have at hand:

• 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 experience to assist you in the sale of your Roseville, California restaurant. Call today for a no strings attached business review at (888) 266-5182.

It's probably best not to show the majority of these documents to a potrntial buyer right away. But, you may want to have them on hand because you will eventually need them during the sales process.

In addition, putting together these documents lets you see your Roseville, California restaurant through the lens of a buyer. It gives you a clear image of the Roseville, California restaurant you're selling. In addition, it helps you identify if there are any loopholes you'll have to address.

#2 Get Your Financials in Order

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

Offering your financial documents to prospective buyers could help clear any doubt they might have concerning your Roseville, California restaurant.

These financial records can 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 these documents. This will make it easier for you to transmit the documentation to possible buyers.

Likewise, as the seller, you must disclose information including debts, owed taxes, prospective repairs, etc. Failing to inform a buyer about these items can create legal problems for you if a buyer later on discovers these ommissions post signing the deal.

#3 Gather the Details of Your Commercial Lease

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

For this reason, it could be advisable to have a discussion with your landlord regarding your plan to sell your Roseville, California restaurant and to potentially extend your lease.

#4 Get An Appraisal For Your Restaurant

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

This will be in your best interest to make sure that you increase sales and reduce expenses to build up your cash flow starting to sell your Roseville, California restaurant.

The average time it may take to sell a Roseville, California restaurant is six months. Within the six months, there are many things you can do in order to strengthen your profit and reduce various costs, and thus strengthen the worth of your Roseville, California restaurant.

Also, when it comes to your assets, you need to understand the depreciation involved. Everything depreciates, so it’s a good idea to individually value your assets.

This will help you in coming up with the probable worth of your Roseville, California restaurant. Understanding the overall value will help you determine a selling price.

#5 Make Your Restaurant Look Good

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

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

Spot-free windows, polished handles and a neat floor are also small things that could help create a unforgettable first impression.

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

Faulty equipment may rouse doubt about your financial status and output abilities. It could even lower the morale of your staff, 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 prospective buyers regarding purchasing your Roseville, California restaurant.

#7 look for Roseville Buyers

Looking for prospective buyers is time-consuming and often requires specialized skills and a certain level of expertise. This may demand that you hire an experienced Roseville, California restaurant broker to help. A professional Roseville, California restaurant broker will offer recommendations for saving time & money for attracting more prospective buyers. However, if you decide to take on this task yourself, you will need to create proper advertising. You can show your Roseville, California restaurant on listing websites and tell family and friends about your plans to market for sale your Roseville, California restaurant.

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

#8 Be Prepared

Regardless if you decide to sell your Roseville, California restaurant yourself, or through a Roseville, California restaurant broker, you should always be ready. Be ready to show your Roseville, California restaurant to potential buyers at all times.

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

#9 Sell Your Roseville, California Restaurant

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

You should have your attorney’s help in creating this document. Working with an attorney is recommended to ensure the Asset Purchase Agreement covers every aspect of the transaction.

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

Choosing a Roseville, California Restaurant Broker

Although attempting to sell your Roseville, California restaurant on your own can be an exhilarating project, it can also be quite risky, especially for first-timers.

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

Experience is also vital during negotiations with potential buyers. This is when an experienced Roseville, California restaurant broker is needed. A Roseville, California restaurant broker has the resources, expertise and strategy needed to easily take on the task of selling your Roseville, California restaurant. Additionally, a restaurant broker will liekly help you sell quicker and for more money.

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

Contact a Roseville, California Restaurant Broker

Choosing to sell your Roseville, California restaurant through a Roseville, California restaurant broker has several advantages. First, however, you need to select the best Roseville, California restaurant broker to assist you in selling your Roseville, California restaurant.

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

Roseville Zip Codes We Support: 95661, 95668, 95677, 95678, 95746, 95747, 95765