Are You Ready to Sell Your San Jacinto, California Restaurant?

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

Considering opening a different San Jacinto, California restaurant, moving, or even retiring. Regardless of the reason, selling your San Jacinto, California restaurant can be way more difficult than you might think. Thats because it takes careful preparation and a solid game plan to successfully walk away with enough money for all the time you may have put into it.

Necessary Actions to Take when Selling Your Restaurant

You can either think to hire a eatery broker to assist you in selling your San Jacinto, California restaurant or take on the task yourself. If you are considering selling your San Jacinto, California restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Put Together the Important Documentation

This is a necessary preparatory step to take when you commence the process of marketing your San Jacinto, California restaurant.

The necessary paperwork may vary from state to state--even in California, but below is a list of some general documents you may find helpful to have ready:

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

Corbett Restaurant Group has the experience to assist you in the market for sale of your San Jacinto, California restaurant. Call today for a no strings attached consultation at (888) 266-5182.

It's probably best not to reveal the majority of these documents to a potrntial buyer day one. However, you may want to have them on hand because you will eventually need them during the sales process.

Also, putting together these documents lets you view your San Jacinto, California restaurant through the lens of a buyer. This gives you a clear picture of the San Jacinto, California restaurant you're 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 an important part of selling your San Jacinto, California restaurant. This is why you should make it a priority to make these documents complete and well organized.

Offering your financial documents to potential buyers could help clear any doubt they may have concerning your San Jacinto, California restaurant.

The financial records could include:

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

Also, ensure you have hard copies of all of the documents. This will make it easier for you to send the documentation to prospective buyers.

Also, as a seller, you must disclose information including debts, owed taxes, expected repairs, etc. Failing to inform a buyer regarding these things can create legal problems for you if a buyer later discovers these liabilities after sealing the deal.

#3 Gather the Information On Your Commercial Lease

In the process of preparing to sell your San Jacinto, California restaurant, you must find out the terms of your commercial lease. It would be devestating if, after attracting a buyer, your lease prevents you from sealing the deal.

For this reason, it could be advisable to talk to your landlord concerning your plan to sell your San Jacinto, California restaurant and to potentially extend your lease.

#4 Have Your Restauarant Appraised

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

This will be in your best interest to ensure that you increase sales and reduce expenses to increase your cash flow starting to sell your San Jacinto, California restaurant.

The average time it may take to sell a San Jacinto, California restaurant is six months. Within the six months, there are many things you can do in order to increase your profit and reduce several costs, and thus increase the value of your San Jacinto, California restaurant.

In addition, with regards 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 aid you in deriving the probable worth of your San Jacinto, California restaurant. When you understand the overall worth this could help you come up with a selling price.

#5 Increase Curb Appeal

The appearance of your San Jacinto, California restaurant can go a long way in helping you bring potential buyers. Alternatively, if the general aesthetic of your San Jacinto, California restaurant does not appeal to buyers, they might pass over without consideration.

To prevent this from happening, everything in and out of your San Jacinto, California restaurant must be cleaned and maintained. Manicured and a clean parking area could help create appeal for prospective buyers.

Spot-free windows, polished handles and a presentable floor are other small things that could help create a unforgettable initial impression.

Additionally, you should ensure all the equipment is in satisfactory 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 could raise doubt about your financial capabilities and production abilities. It may even lower the excitment of your employees, and in response, 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 San Jacinto, California restaurant.

#7 Search for San Jacinto Buyers

Searching for potential buyers can be time-consuming and often requires specialized skills and a certain level of experience. This may require that you hire a professional San Jacinto, California restaurant broker to help. The professional San Jacinto, California restaurant broker will offer recommendations for saving time & money for drawing in more prospective buyers. However, if you make the decision to handle this project alone, you will need to create appropriate advertising. You can market your San Jacinto, California restaurant on listing websites and let your family and friends know about your intentions to market for sale your San Jacinto, California restaurant.

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

#8 Be Ready

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

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

#9 Sell Your San Jacinto, California Restaurant

This is the last action to take following a successful negotiation with a buyer. This stage involves the presentation of the important documentation to finalize the deal. The paperwork often begin with the Asset Purchase Agreement.

You may need your attorney’s assistance in creating this document. Involving an attorney is recommended to make sure the Asset Purchase Agreement covers every aspect of the transaction.

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

Choosing a San Jacinto, California Restaurant Broker

While trying to sell your San Jacinto, California restaurant on your own can be an exciting project, it could also be very risky, especially for first-timers.

The fact remains, in order for you to get the most from of the business deal, you need a higher level of expertise in order to stand above and against the cometitors while trying to attract buyers.

Expertise is also vital during negotiations with potential buyers. This is when an experienced San Jacinto, California restaurant broker comes in. A San Jacinto, California restaurant broker has the resources, expertise and strategy needed to easily take on the task of marketing for sale your San Jacinto, California restaurant. Additionally, a restaurant broker can help you sell faster and at a great price.

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

Contact a San Jacinto, California Restaurant Broker

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

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

San Jacinto Zip Codes We Support: 92544, 92567, 92581, 92582, 92583