Ready to Sell Your Rubidoux, California Restaurant?

Following years of labor, you have decided to sell your Rubidoux, California restaurant

Considering starting a new Rubidoux, California restaurant, moving, or maybe slowing down. Regardless of the reason, selling your Rubidoux, California restaurant can be a lot more challenging than you might realize. Thats because it takes careful preparation and a solid game plan to successfully exit with enough money for all the labor you may have put into it.

Necessary Steps to Take in Selling Your Restaurant

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

#1 Gather all Necessary Documentation

This is an important initial step to make when you start the process of selling your Rubidoux, California restaurant.

The necessary documents may vary from state to state--even in California, but the following is a list of a few generalized documents you may find helpful to have at hand:

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

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It's probably best not to reveal the majority of these documents to a possible buyer day one. But, you may want to have them on hand because you will certainly require them during the sales process.

Also, putting together these documents lets you view your Rubidoux, California restaurant through the lens of a buyer. It provides you a clear picture of the Rubidoux, California restaurant you're offering for sale. In addition, it allows you to show if there are any loopholes you will need to address.

#2 Put Your Financial Records in Order

Your financial records are a crucial aspect of selling your Rubidoux, California restaurant. This is why you should make it a priority to make your documents accurate and well organized.

Offering your financial documents to potential buyers could aid clear any hesitations they might have regarding your Rubidoux, 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 soft copies of all of the documents. This may make it easier for you to send the documentation to possible buyers.

Likewise, as the seller, you have to disclose information including debts, owed taxes, planned repairs, etc. Failure to inform a buyer regarding these things can create legal problems for you if a buyer later on discovers these liabilities post signing the deal.

#3 Gather the Information On Your Commercial Lease

In the process of preparing to sell your Rubidoux, California restaurant, you need to understand of your commercial lease. It could be devestating if, after attracting a buyer, your lease prevents you from closing the deal.

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

#4 Appraise Your Restaurant

Buyers and investors will often request an detailed analysis of your financial records, whether favorable or not, this helps them evaluate the true value of the Rubidoux, California restaurant.

It is therefore in your best interest to make sure that you augment sales and make a reduction in your expenses to build up your cash flow before trying to sell your Rubidoux, California restaurant.

The average time it may take to sell a Rubidoux, California restaurant is 6 months. Within the six months, there are many things you can do to increase your profit and slash several costs, and therefore increase the worth of your Rubidoux, California restaurant.

In addition, with regards to your assets, you need to understand the depreciation involved. Everything depreciates, so it’s best to individually value your assets.

This may assist you in deriving the probable worth of your Rubidoux, California restaurant. If you understand the overall value this could help you come up with a selling price.

#5 Increase Curb Appeal

The appearance of your Rubidoux, California restaurant can go a long way in helping you bring potential buyers. Alternatively, if the general aesthetic of your Rubidoux, California restaurant does not look good to buyers, they could take a pass without a second look.

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

Spot-free windows, polished handles and a neat floor are other small things that can help create a great initial impression.

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

Non-functional equipment may rouse doubt about your financial status and production capabilities. It could even lower the excitment of your employees, and 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 concerning buying your Rubidoux, California restaurant.

#7 look for Rubidoux Buyers

Marketing to potential buyers is time-consuming and often requires specific skills and a certain level of expertise. This may require that you hire a professional Rubidoux, California restaurant broker to help. A professional Rubidoux, California restaurant broker will come with recommendations for saving time & money for attracting more potential buyers. However, if you make the decision to handle this task yourself, you will need to create proper advertising. You can offer your Rubidoux, California restaurant on business websites and let your family and friends know about your plans to sell your Rubidoux, California restaurant.

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

#8 Be Prepared

Regardless if you decide to sell your Rubidoux, California restaurant yourself, or with a a Rubidoux, California restaurant broker, you should always be prepared. Be ready to show your Rubidoux, California restaurant to prospective buyers at all times.

You never know when a buyer could visit your Rubidoux, California restaurant. Some buyers might even come in as customers in order to carry out some research before reaching out to you.

#9 Sell Your Rubidoux, California Restaurant

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

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

This agreement includes details such as the selling price of your Rubidoux, California restaurant, assets and equipment and inventory value.

Choosing a Rubidoux, California Restaurant Broker

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

The fact remains, in order for you to get the most out of the business transaction, you need a higher level of experience in order to stand above and against your competition while trying to find buyers.

Expertise is also vital during negotiations with potential buyers. This is when an experienced Rubidoux, California restaurant broker is recommended. A Rubidoux, California restaurant broker has the resources, expertise and strategy required to easily take on the task of marketing for sale your Rubidoux, California restaurant. Additionally, a restaurant broker can help you sell quicker and get you a higher sale value.

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

Contact a Rubidoux, California Restaurant Broker

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

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

Rubidoux Zip Codes We Support: 92509, 92519