Time to Sell Your West Sacramento, California Restaurant?

Following years of hard work, you have made the decision sell your West Sacramento, California restaurant

Contemplating starting a new West Sacramento, California restaurant, relocating, or even slowing down. No matter the reason, selling a West Sacramento, California restaurant can be a lot more challenging than you might realize. Thats because it takes careful preparation and a solid strategy to successfully get out with enough money for all the time you may have put into it.

Necessary Steps to Take when Selling Your Restaurant

You can either decide to hire a West Sacramento, California restaurant broker to guide you in selling your West Sacramento, California restaurant or do the task on your own. If you are considering selling your West Sacramento, California restaurant on your own for the first time or with a restauarant broker, here are some tasks you can follow.

#1 Gather any Important Documentation

This is an important preparatory step to take when you begin the process of selling your West Sacramento, 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 be requierd to have at hand:

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

Corbett Restaurant Group has the experience to assist you in the market for sale of your West Sacramento, California restaurant. Call today for a no-obligation consultation at (888) 266-5182.

You probably do not want to show all these documents to a possible buyer right away. However, you may want to have them at hand because you will eventually need them during the sales process.

In addition, putting together these documents allows you to see your West Sacramento, California restaurant through the lens of a buyer. It provides you a clear picture of the West Sacramento, California restaurant you're offering for sale. Furthermore, it allows you to identify whether there are any concerns you'll have to address.

#2 Put Your Financial Documents in Order

Your financial records are an important part of selling your West Sacramento, California restaurant. This is why you should make it a priority to make these documents complete and well organized.

Showing your financial documents to possible buyers may assist to clear any doubt they may have regarding your West Sacramento, California restaurant.

These financial documents could 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 these records. This may make it easier for you to transmit the information to possible buyers.

Also, as a seller, you have to disclose information such as debts, owed taxes, planned repairs, etc. Failing to inform a buyer regarding these things can create legal problems for you if a buyer later on discovers these liabilities after signing the deal.

#3 Gather the Information On Your Commercial Lease

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

For this reason, it is advisable to talk to your landlord concerning your plan to sell your West Sacramento, California restaurant and to possibly extend your lease.

#4 Get An Appraisal For Your Restaurant

Buyers and investors could request an detailed analysis of your financial records, whether favorable or not, this will help them evaluate the value of your West Sacramento, California restaurant.

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

The average time it takes to sell a West Sacramento, California restaurant is 6 months. Within those six months, there are many things you can do to strengthen your profit and cut various costs, and therefore strengthen the worth of your West Sacramento, California restaurant.

In addition, when it comes to your assets, you need to understand the depreciation involved. Everything depreciates, so it’s a good idea to individually estimate your assets.

This could aid you in estimating the probable worth of your West Sacramento, California restaurant. If you understand the overall worth this may help you determine a selling price.

#5 Increase Curb Appeal

The first impression of your West Sacramento, California restaurant will go a great distance in helping you bring potential buyers. Conversely, if the overall look of your West Sacramento, California restaurant does not look good to buyers, they might pass over right off the bat.

To prevent this from happening, all things in and out of your West Sacramento, California restaurant must be cleaned and maintained. Landscaping and a clean parking area may help create curb appeal for potential buyers.

Clean windows, polished door handles and a presentable floor are other small items that could help create a great first impression.

Furthermore, you should make sure that all your equipment is in top condition. If your equipment is not functioning, it might convey the message that you're in a hurry to pass a bad deal to the buyer.

Non-functional equipment can raise doubt about your financial status and output abilities. It can even lower the mood 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 regarding buying your West Sacramento, California restaurant.

#7 look for West Sacramento Buyers

Searching for prospective buyers is time-consuming and can require specialized skills and a certain level of experience. This may demand that you hire an experienced West Sacramento, California restaurant broker to help. The professional West Sacramento, 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 by yourself, you will need to carry out appropriate advertising. You can list your West Sacramento, California restaurant on listing websites and tell family and friends about your intentions to sell your West Sacramento, California restaurant.

As you will probably come across competition when trying to sell your West Sacramento, California restaurant, you need your restaurant to stand out.

#8 Be Ready

If you decide to sell your West Sacramento, California restaurant yourself, or with a a West Sacramento, California restaurant broker, you need to always be prepared. Be ready to show your West Sacramento, California restaurant to potential buyers at all times.

You will never know when a buyer could walk into your West Sacramento, California restaurant. Some buyers might even come in as customers just to perform some research before contacting you.

#9 Sell Your West Sacramento, California Restaurant

This is the remaining 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 often begin with the Asset Purchase Agreement.

You may need your attorney’s assistance in drafting this document. Working with an attorney helps to make sure the Asset Purchase Agreement covers every detail of the contract.

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

Choosing a West Sacramento, California Restaurant Broker

Although attempting to sell your West Sacramento, California restaurant on your own can be an exhilarating endeavor, it can also be quite risky, especially for first-timers.

It's true, in order for you to achieve the most out of the business transaction, you need some level of experience in order to stand above and against the cometitors while trying to find buyers.

Expertise is also vital during negotiations with prospective buyers. This is where an experienced West Sacramento, California restaurant broker comes in. A West Sacramento, California restaurant broker has the resources, experience and strategy needed to easily take on the task of selling your West Sacramento, California restaurant. Additionally, a restaurant broker can help you sell faster and for more money.

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

Contact a West Sacramento, California Restaurant Broker

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

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

West Sacramento Zip Codes We Support: 95605, 95618, 95620, 95691, 95798, 95799, 95899