Time to Sell Your West Puente Valley, California Restaurant?

Following years of sweat equity, you have decided to sell your West Puente Valley, California restaurant

Contemplating starting a new West Puente Valley, California restaurant, relocating, or maybe retiring. Regardless of the reason, selling your West Puente Valley, California restaurant can be a lot more challenging than you might realize. Thats because it takes careful preparation and a solid strategy to successfully walk away with enough money for all the labor you may have put into it.

Necessary Actions to Consider in Selling Your Restaurant

You can either decide to hire a West Puente Valley, California restaurant broker to assist you in selling your West Puente Valley, California restaurant or take on the task on your own. If you are considering selling your West Puente Valley, California restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Put Together all Business Paperwork

This is an important initial step to take when you begin the process of selling your West Puente Valley, California restaurant.

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

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

Corbett Restaurant Group comes with experience to assist you in the sale of your West Puente Valley, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

You certainly do not want to show the majority of these documents to a possible buyer day one. But, you should have them at hand because you will eventually require them during the sales process.

In addition, putting together these documents lets you see your West Puente Valley, California restaurant through the lens of a buyer. This gives you a clear picture of the West Puente Valley, California restaurant you are selling. Furthermore, it allows you to show whether there are any areas you'll have to address.

#2 Put Your Financial Documents in Order

Your financial documents are an important part of selling your West Puente Valley, California restaurant. This is the reason you should strive to make your documents accurate and well organized.

Showing your financial documents to possible buyers may aid clear any hesitations they may have concerning your West Puente Valley, California restaurant.

These financial documents may include:

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

In addition, make sure you have hard copies of all of these records. This will make it easier for you to transmit the information to potential buyers.

Likewise, as a seller, you must disclose information such as debts, owed taxes, deferred repairs, etc. Failing to inform a buyer regarding these things can create legal problems for you if a buyer later discovers these ommissions after signing the deal.

#3 Organize the Information On Your Commercial Lease

While preparing to sell your West Puente Valley, California restaurant, you need to review of your commercial lease. It could be devestating if, after securing a buyer, your lease hinders you from sealing the deal.

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

#4 Get An Appraisal For Your Restaurant

Buyers and investors will most likely request an detailed evaluation of your financial records, whether favorable or not, this helps them estimate the true value of your West Puente Valley, California restaurant.

It is therefore in your best interest to ensure that you augment sales and reduce expenses to build your cash flow planning to sell your West Puente Valley, California restaurant.

The average time it may take to sell a West Puente Valley, California restaurant is six months. Within those six months, there are several things you can do to strengthen your profit and slash several costs, and thus increase the value of your West Puente Valley, California restaurant.

Also, with regards to your assets, you'll to understand the depreciation involved. Everything depreciates, so it’s best to individually value your assets.

This may help you in coming up with the overall value of your West Puente Valley, California restaurant. If you understand the overall value this may help you settle on a selling price.

#5 Make Your Restaurant Look Better

The first impression of your West Puente Valley, California restaurant could go a great distance in helping you attract potential buyers. Conversely, if the general appearance of your West Puente Valley, California restaurant does not look good to buyers, they could take a pass without consideration.

To prevent this from happening, all things in and out of your West Puente Valley, California restaurant must be clean. Landscaped and a clean parking area may help create appeal for prospective buyers.

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

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

Non-functional equipment could raise doubt about your financial situation and production abilities. It can even dampen the excitment of your employees, which in response, negatively affect your productivity and effect your profit and loss statement.

You should appear credible in order to build the confidence of prospective buyers concerning buying your West Puente Valley, California restaurant.

#7 look for West Puente Valley Buyers

Searching for prospective buyers can be time-consuming and can require specific skills and a certain level of expertise. This may require that you hire a professional West Puente Valley, California restaurant broker to help. The professional West Puente Valley, California restaurant broker will come with recommendations for saving time & money for drawing in more potential buyers. However, if you make the decision to take on this project alone, you will need to create appropriate advertising. You can market your West Puente Valley, California restaurant on business websites and let your family and friends know about your intentions to sell your West Puente Valley, California restaurant.

As you will probably run across competition when trying to sell your West Puente Valley, California restaurant, you need your restaurant to stand out.

#8 Be Prepared

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

You will never know when a buyer could walk into your West Puente Valley, California restaurant. Some buyers might even visit as customers in order to carry out some research before contacting you.

#9 Sell Your West Puente Valley, California Restaurant

This is the final action to take after a successful negotiation with a buyer. This stage involves the presentation of the important documentation to finalize the deal. The documentation often start with the Asset Purchase Agreement.

You may need your attorney’s help in drafting this document. Working with 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 West Puente Valley, California restaurant, items and equipment and inventory value.

Choosing a West Puente Valley, California Restaurant Broker

Although attempting to sell your West Puente Valley, California restaurant on your own can be an exciting endeavor, it could also be quite risky, especially for first time sellers.

It's true, if you're looking to get the most out of the business transaction, you need some level of expertise to stand above and against your cometitors while attempting to attract buyers.

Experience is also vital during negotiations with potential buyers. This is when an experienced West Puente Valley, California restaurant broker is needed. A West Puente Valley, California restaurant broker has the resources, expertise and strategy required to easily take on the task of selling your West Puente Valley, California restaurant. Additionally, a restaurant broker can help you sell quicker and get you a higher sale value.

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

Contact a West Puente Valley, California Restaurant Broker

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

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

West Puente Valley Zip Codes We Support: 91744, 91746