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

Following years of hard work, you have decided to sell your San Pablo, California restaurant

Considering opening a different eatery, relocating, or even retiring. No matter the reason, selling your San Pablo, California restaurant can be a lot more difficult than you might realize. Thats because it takes thoughtful preparation and a solid game plan to successfully get out with enough profit for all the sweat you may have put into it.

Necessary Steps to Consider in Selling Your Restaurant

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

#1 Gather any Necessary Paperwork

This is an important initial step to make when you begin the process of marketing your San Pablo, 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 need to have ready:

• A list of your assets
• Lease document
• 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 has the expertise to help you in the market for sale of your San Pablo, California restaurant. Call today for a no-obligation consultation at (888) 266-5182.

You probably do not want to reveal all these documents to a potrntial buyer first day. However, you should have them at hand because you will certainly require them during the sales process.

In addition, compiling these documents allows you to see your San Pablo, California restaurant through the lens of a buyer. It provides you a clear picture of the San Pablo, California restaurant you are selling. In addition, it allows you to identify whether there are any loopholes you will need to address.

#2 Get Your Financial Records in Order

Your financial documents are an important part of selling your San Pablo, California restaurant. This is the reason you should make it a priority to have your documents complete and well organized.

Offering your financial records to prospective buyers may aid clear any doubt they may have concerning your San Pablo, California restaurant.

These financial documents may include:

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

In addition, ensure you have hard copies of all of the documents. This can make it easier for you to send the documentation to potential buyers.

Likewise, as a seller, you have to disclose information such as debts, owed taxes, deferred repairs, etc. Failing to inform a buyer about these things could create legal issues for you if a buyer later on discovers these liabilities after completing the deal.

#3 Organize the Information On Your Commercial Lease

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

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

#4 Get An Appraisal For Your Restaurant

Buyers and investors will most likely request an in-depth analysis of your financials, whether favorable or not, this helps them estimate the true value of the San Pablo, 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 starting to sell your San Pablo, California restaurant.

The estimated time it takes to sell a San Pablo, California restaurant is 6 months. Within those six months, there is a lot you can do to increase your profit and reduce various costs, and thus increase the value of your San Pablo, California restaurant.

Also, 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 value of your San Pablo, California restaurant. When you understand the overall worth this may help you come up with a selling price.

#5 Increase Curb Appeal

The appearance of your San Pablo, California restaurant will go a great distance in helping you attract potential buyers. Alternatively, if the general aesthetic of your San Pablo, California restaurant does not look good to buyers, they likely take a pass without consideration.

To prevent this from happening, all things in and out of your San Pablo, California restaurant must be cleaned and maintained. Manicured and a clean parking lot could help create appeal for potential buyers.

Spot-free windows, polished handles and a presentable floor are also small things that can help create a memorable first impression.

Additionally, you should ensure all your equipment is in satisfactory condition. If your equipment is not working, it may send the message that you are hurried to pass a bad deal to the buyer.

Non-functional equipment may rouse doubt about your financial capabilities and production abilities. It could even lower the morale of your employees, and in turn, negatively affect your productivity and effect your profit and loss statement.

You should look credible in order to build the confidence of prospective buyers concerning purchasing your San Pablo, California restaurant.

#7 look for San Pablo Buyers

Searching for prospective buyers can be time-consuming and can require specific skills and a certain level of experience. This may demand that you hire an experienced San Pablo, California restaurant broker to help. The professional San Pablo, California restaurant broker will have recommendations for saving time for attracting more potential buyers. However, if you make the decision to handle this project by yourself, you will need to carry out proper advertising. You can show your San Pablo, California restaurant on business websites and tell family and friends about your plans to market for sale your San Pablo, California restaurant.

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

#8 Be Ready

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

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

#9 Sell Your San Pablo, California Restaurant

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

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

This agreement includes details including the selling price of your San Pablo, California restaurant, items and equipment and inventory value.

Choosing a San Pablo, California Restaurant Broker

Although trying to sell your San Pablo, California restaurant on your own can be an exhilarating project, it can also be very risky, especially for first time sellers.

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

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

With the help of a San Pablo, California restaurant broker, you can maintain your undivided attention on operating your San Pablo, California restaurant and rest easy with the knowledge that a professional is in charge of selling your San Pablo, California restaurant.

Contact a San Pablo, California Restaurant Broker

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

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

San Pablo Zip Codes We Support: 94803, 94805, 94806