Decided to Sell Your San Juan Capistrano, California Restaurant?

After years of hard work, you have decided to sell your San Juan Capistrano, California restaurant

Contemplating starting a different San Juan Capistrano, California restaurant, moving, or even retiring. No matter the reason, selling a San Juan Capistrano, California restaurant can be a lot more challenging than you might realize. This is because it takes thoughtful preparation and a solid strategy to successfully get out with enough proceeds for all the sweat you may have put into it.

Important Steps to Consider when Selling Your Restaurant

You can either think to hire a eatery broker to assist you in selling your San Juan Capistrano, California restaurant or take on the task yourself. Whether considering selling your San Juan Capistrano, California restaurant on your own for the first time or with a restauarant broker, here are some tasks you can expect.

#1 Put Together the Important Paperwork

This is an important initial step to make when you begin the process of offering your San Juan Capistrano, California restaurant.

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

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

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It's probably best not to show all these documents to a possible buyer day one. However, you may want to have them at hand because you will eventually need them during the sales process.

In addition, compiling these documents lets you see your San Juan Capistrano, California restaurant through the lens of a buyer. It provides you a clear image of the San Juan Capistrano, California restaurant you are offering for sale. In addition, it helps you show if there are any concerns you will need to address.

#2 Put Your Financial Documents in Order

Your financial documents are an important part of selling your San Juan Capistrano, California restaurant. That’s why you should make an effort to have your documents accurate and well organized.

Offering your financial records to potential buyers could assist to clear any hesitations they may have concerning your San Juan Capistrano, California restaurant.

The financial records could include:

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

Also, make sure you have soft copies of all of the documents. This may make it easier for you to send the information to potential buyers.

In addition, as a seller, you have to disclose information including debts, owed taxes, planned repairs, etc. Failing to inform a buyer regarding these things can create legal issues for you if a buyer later discovers these liabilities after completing the deal.

#3 Organize the Information On Your Commercial Lease

In the process of preparing to sell your San Juan Capistrano, California restaurant, you need to review of your commercial lease. It could be disappointing if, after securing a buyer, your lease ends up preventing you from sealing the deal.

For this reason, it is advisable to talk to your landlord regarding your plan to sell your San Juan Capistrano, California restaurant and to potentially extend your lease.

#4 Appraise Your Restaurant

Buyers and investors will often request an detailed evaluation of your financial records, whether favorable or not, this will help them estimate the value of the San Juan Capistrano, California restaurant.

It is therefore in your best interest to make sure that you augment sales and make a reduction in your expenses to increase your cash flow planning to sell your San Juan Capistrano, California restaurant.

The estimated time it may take to sell a San Juan Capistrano, California restaurant is 6 months. Within the six months, there are many things you can do in order to increase your profit and reduce various costs, and therefore strengthen the worth of your San Juan Capistrano, 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 aid you in deriving the probable value of your San Juan Capistrano, California restaurant. If you understand the overall value this could help you settle on a selling price.

#5 Increase Curb Appeal

The appearance of your San Juan Capistrano, California restaurant will go a great distance in helping you attract potential buyers. Conversely, if the general aesthetic of your San Juan Capistrano, California restaurant does not look good to buyers, they could pass over immediately.

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

Spot-free windows, polished door handles and a presentable floor are also small items that can help create a great initial impression.

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

Faulty equipment may rouse doubt about your financial capabilities and output capabilities. It can even lower the mood of your staff, which 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 Juan Capistrano, California restaurant.

#7 look for San Juan Capistrano Buyers

Searching for prospective buyers can be time-consuming and often requires specific skills and a certain level of expertise. This may demand that you hire a professional San Juan Capistrano, California restaurant broker to help. The professional San Juan Capistrano, California restaurant broker will have recommendations for saving time for attracting more potential buyers. However, if you decide to handle this task yourself, you will need to create proper advertising. You can list your San Juan Capistrano, California restaurant on business websites and let your family and friends know about your plans to sell your San Juan Capistrano, California restaurant.

As you will likely come across competition when trying to sell your San Juan Capistrano, California restaurant, you need your restaurant to stand out.

#8 Be Ready

If you decide to sell your San Juan Capistrano, California restaurant yourself, or through a San Juan Capistrano, California restaurant broker, you should always be ready. Be ready to show your San Juan Capistrano, California restaurant to potential buyers at all times.

You will never know when a buyer could visit your San Juan Capistrano, California restaurant. Some buyers might even come in as customers just to perform some research before reaching out to you.

#9 Sell Your San Juan Capistrano, California Restaurant

This is the final action to take following a successful negotiation with a buyer. This stage includes the presentation of the important paperwork to complete the contract. The paperwork will likely begin with the Asset Purchase Agreement.

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

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

Choosing a San Juan Capistrano, California Restaurant Broker

While attempting to sell your San Juan Capistrano, California restaurant on your own can be an exhilarating endeavor, it can also be very risky, especially for first time sellers.

The fact remains, in order for you to get the most from of the business deal, you need some level of experience to stand above and against the competition while attempting to attract buyers.

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

With the assistance of a San Juan Capistrano, California restaurant broker, you can maintain your undivided attention on operating your San Juan Capistrano, California restaurant and rest assured knowing that a professional is in charge of selling your San Juan Capistrano, California restaurant.

Contact a San Juan Capistrano, California Restaurant Broker

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

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

San Juan Capistrano Zip Codes We Support: 92673, 92675, 92677, 92693