Time to Sell Your San Ramon, California Restaurant?

After years of labor, you have decided to sell your San Ramon, California restaurant

Contemplating opening a new San Ramon, California restaurant, moving, or even retiring. Regardless of the reason, selling a San Ramon, California restaurant can be way more complicated than you may think. This is because it takes careful preparation and a solid strategy to successfully get out with enough money for all the labor you’ve put into it.

Necessary Actions to Take in Selling Your Restaurant

You can either make the decision to hire a San Ramon, California restaurant broker to help you in selling your San Ramon, California restaurant or take on the task on your own. Whether considering selling your San Ramon, California restaurant on your own for the first time or with a restauarant broker, you should follow these steps.

#1 Gather all Business Paperwork

This is an important preparatory step to take when you start the process of offering your San Ramon, California restaurant.

The necessary documents may vary from state to state--even in California, but the following is a list of some general documents you may need to have on you:

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

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You probably do not want to reveal all these documents to a potrntial buyer right away. However, you may want to have them on hand because you will certainly need them during the sales process.

In addition, compiling these documents lets you view your San Ramon, California restaurant through the lens of a buyer. It gives you a clear image of the San Ramon, California restaurant you are offering for sale. In addition, it allows you to show whether there are any areas you will have to take care of.

#2 Get Your Financials in Order

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

Offering your financial records to possible buyers could assist to clear any doubt they may have regarding your San Ramon, California restaurant.

These financial records may include:

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

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

Also, as a seller, you have to disclose information such as debts, owed taxes, prospective repairs, etc. Failing to inform a buyer regarding these items may create legal issues for you if a buyer later on discovers these liabilities after closing the deal.

#3 Put Together the Information On Your Commercial Lease

In the process of preparing to sell your San Ramon, California restaurant, you need to understand of your commercial lease. It would be disappointing if, after securing a buyer, your lease prevents you from sealing the deal.

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

#4 Get An Appraisal For Your Restaurant

Buyers and investors will most likely request an detailed analysis of your financials, whether favorable or not, this will help them estimate the true value of your San Ramon, California restaurant.

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

The estimated time it takes to sell a San Ramon, California restaurant is six months. Within those six months, there are several things you can do in order to increase your profit and cut various costs, and thus strengthen the worth of your San Ramon, 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 assist you in coming up with the probable worth of your San Ramon, California restaurant. If you understand the overall worth this may help you come up with a selling price.

#5 Make Your Restaurant Look Better

The appearance of your San Ramon, California restaurant could go a long way in helping you bring potential buyers. Conversely, if the general aesthetic of your San Ramon, California restaurant does not appeal to buyers, they might take a pass without a second look.

To avoid this from happening, all things in and out of your San Ramon, California restaurant must be clean. Landscaped and a clean parking lot can help create appeal for prospective buyers.

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

Furthermore, you should make sure all your equipment is in top condition. If your equipment is not working, it can convey the message that you are 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 may even dampen the morale of your employees, which in turn, negatively affect your output and effect your profit and loss statement.

You should appear credible in order to build the confidence of potential buyers concerning buying your San Ramon, California restaurant.

#7 look for San Ramon Buyers

Marketing to potential buyers is time-consuming and can require specialized skills and a certain level of experience. This may demand that you hire an experienced San Ramon, California restaurant broker to help. The professional San Ramon, California restaurant broker will offer recommendations for saving time & money for attracting more potential buyers. However, if you make the decision to take on this task alone, you will need to create appropriate advertising. You can show your San Ramon, California restaurant on listing websites and tell family and friends about your intentions to sell your San Ramon, California restaurant.

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

#8 Be Prepared

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

You'll never know when a buyer could walk into your San Ramon, California restaurant. Some buyers might even visit as customers just to carry out some research before reaching out to you.

#9 Sell Your San Ramon, California Restaurant

This is the remaining action to take following a successful negotiation with a buyer. This stage includes the presentation of the necessary documentation to complete the transaction. The documentation will usually start with the Asset Purchase Agreement.

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

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

Choosing a San Ramon, California Restaurant Broker

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

It's true, in order for you to achieve the most from of the business transaction, you need a higher level of expertise in order to stand above and against your competition while attempting to attract buyers.

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

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

Contact a San Ramon, California Restaurant Broker

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

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

San Ramon Zip Codes We Support: 94506, 94582, 94583