Right Time to Sell Your Suisun City, California Restaurant?

After years of labor, you have made the decision sell your Suisun City, California restaurant

Considering starting a new eatery, moving, or maybe retiring. No matter the reason, selling your Suisun City, California restaurant can be a lot more complicated than you may realize. Thats because it takes careful preparation and a solid game plan to successfully walk away with enough profit for all the labor you’ve put into it.

Necessary Steps to Consider when Selling Your Restaurant

You may either make the decision to hire a Suisun City, California restaurant broker to assist you in selling your Suisun City, California restaurant or take on the task yourself. Whether considering selling your Suisun City, California restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Put Together the Business Documentation

This is a necessary preparatory step to make when you begin the process of selling your Suisun City, California restaurant.

The necessary paperwork may vary from state to state--even in California, but below is a list of a few generalized documents you may need to have on you:

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

Corbett Restaurant Group comes with expertise to help you in the market for sale of your Suisun City, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

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

In addition, putting together these documents lets you view your Suisun City, California restaurant through the lens of a buyer. This provides you a clear picture of the Suisun City, California restaurant you are selling. In addition, it allows you to show if there are any concerns you'll have to address.

#2 Get Your Financial Documents in Order

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

Showing your financial records to potential buyers could assist to clear any doubt they may have concerning your Suisun City, California restaurant.

Your financial documents can include:

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

In addition, make sure you have duplicate copies of all of these documents. This could make it easier for you to send the information to possible buyers.

Also, as the seller, you must disclose information such as debts, owed taxes, prospective repairs, etc. Failure to inform a buyer about these items can create legal issues for you if a buyer later discovers these liabilities after completing the deal.

#3 Put Together the Information On Your Commercial Lease

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

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

#4 Have Your Restauarant Appraised

Buyers and investors may request an detailed analysis of your financials, whether favorable or not, this will help them estimate the true value of your Suisun City, California restaurant.

This will be in your best interest to make sure that you increase sales and make a reduction in your expenses to increase your cash flow before trying to sell your Suisun City, California restaurant.

The average time it may take to sell a Suisun City, 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 thus strengthen the value of your Suisun City, California restaurant.

Also, when it comes to your assets, you'll to understand the depreciation involved. Everything depreciates, so it’s best to individually estimate your assets.

This could help you in estimating the probable value of your Suisun City, California restaurant. When you understand the overall worth this may help you determine a selling price.

#5 Increase Curb Appeal

The first impression of your Suisun City, California restaurant can go a great distance in helping you attract potential buyers. Conversely, if the overall look of your Suisun City, California restaurant does not look good to buyers, they likely pass over right off the bat.

To avoid this from happening, everything in and out of your Suisun City, California restaurant must be clean. Landscaped and a clean parking area could help create curb appeal for potential buyers.

Spot-free windows, polished door handles and a clean floor are other simple items that would help create a unforgettable initial impression.

Additionally, you should ensure all your equipment is in satisfactory condition. If your equipment is not working properly, it might convey 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 output abilities. It could even dampen the morale of your employees, 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 regarding buying your Suisun City, California restaurant.

#7 Search for Suisun City Buyers

Searching for potential buyers is time-consuming and can require specific skills and a certain level of expertise. This may require that you hire an experienced Suisun City, California restaurant broker to help. A professional Suisun City, California restaurant broker will offer recommendations for saving time for drawing in more prospective buyers. However, if you make the decision to take on this project yourself, you will need to create appropriate advertising. You can list your Suisun City, California restaurant on listing websites and tell family and friends about your intentions to market for sale your Suisun City, California restaurant.

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

#8 Be Ready

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

You'll never know when a buyer will visit your Suisun City, 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 Suisun City, California Restaurant

This is the final action to take after a successful negotiation with a buyer. This stage includes the presentation of the necessary paperwork to finalize the transaction. The paperwork will likely start with the Asset Purchase Agreement.

You may need your attorney’s expertise in drafting this document. Working with an attorney helps to ensure the Asset Purchase Agreement covers every detail of the deal.

This document includes details such as the selling price of your Suisun City, California restaurant, items and equipment and inventory value.

Choosing a Suisun City, California Restaurant Broker

While attempting to sell your Suisun City, California restaurant on your own can be an exciting endeavor, it can also be quite risky, especially for first time sellers.

It's true, if you're looking to get the most from of the business transaction, you need a higher level of expertise to stand above and against your competition while attempting to find buyers.

Expertise is also vital during negotiations with potential buyers. This is when an experienced Suisun City, California restaurant broker is recommended. A Suisun City, California restaurant broker has the resources, experience and strategy required to easily take on the task of marketing for sale your Suisun City, California restaurant. Additionally, a restaurant broker will liekly help you sell quicker and at a great price.

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

Contact a Suisun City, California Restaurant Broker

Deciding to sell your Suisun City, California restaurant through a Suisun City, California restaurant broker has several advantages. First, however, you need to select the best Suisun City, California restaurant broker to help you in selling your Suisun City, California restaurant.

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

Suisun City Zip Codes We Support: 94533, 94534, 94585