Decided to Sell Your Winter Gardens, California Restaurant?

Following years of labor, you have decided to sell your Winter Gardens, California restaurant

Considering starting a new Winter Gardens, California restaurant, relocating, or maybe retiring. No matter the reason, selling your Winter Gardens, California restaurant can be a lot more difficult than you may realize. Thats because it takes careful preparation and a solid game plan to successfully walk away with enough proceeds for all the time you may have put into it.

Necessary Actions to Consider when Selling Your Restaurant

You may either make the decision to contract with a Winter Gardens, California restaurant broker to assist you in selling your Winter Gardens, California restaurant or do the task on your own. Whether considering selling your Winter Gardens, California restaurant on your own for the first time or with a restauarant broker, you should follow these steps.

#1 Put Together all Business Documentation

This is an important initial step to make when you start the process of marketing your Winter Gardens, California restaurant.

The required documents may vary from state to state--even in California, but below is a list of a few generalized documents you may be requierd to have at hand:

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

Corbett Restaurant Group has the expertise to help you in the sale of your Winter Gardens, California restaurant. Call today for a no-obligation business review at (888) 266-5182.

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

Also, compiling these documents allows you to see your Winter Gardens, California restaurant through the lens of a buyer. It provides you a clear picture of the Winter Gardens, California restaurant you are selling. In addition, it allows you to show whether there are any areas you'll need to take care of.

#2 Get Your Financials in Order

Your financial records are a crucial part of selling your Winter Gardens, California restaurant. That’s the reason you should make an effort to have your documents complete and well organized.

Showing your financial records to prospective buyers could help clear any doubt they may have regarding your Winter Gardens, California restaurant.

These financial records could include:

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

Also, ensure you have duplicate copies of all of the records. This could make it easier for you to send the information to prospective buyers.

Also, as the seller, you have to disclose information including debts, owed taxes, deferred repairs, etc. Failure to inform a buyer about these things can create legal issues for you if a buyer later on discovers these ommissions post signing the deal.

#3 Put Together the Details of Your Commercial Lease

In the process of preparing to sell your Winter Gardens, California restaurant, you need to review of your commercial lease. It would be devestating if, after attracting a buyer, your lease ends up preventing you from closing the deal.

For this reason, it could be advisable to talk to your landlord concerning your plan to sell your Winter Gardens, California restaurant and to possibly extend your lease.

#4 Get An Appraisal For Your Restaurant

Buyers and investors may request an detailed analysis of your financials, whether favorable or not, this helps them estimate the true value of the Winter Gardens, California restaurant.

This will be in your best interest to make sure that you augment sales and make a reduction in your expenses to increase your cash flow starting to sell your Winter Gardens, California restaurant.

The average time it takes to sell a Winter Gardens, California restaurant is six months. Within the six months, there is a lot you can do to strengthen your profit and cut several costs, and thus strengthen the worth of your Winter Gardens, California restaurant.

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

This may assist you in estimating the overall value of your Winter Gardens, California restaurant. If you understand the overall value this could help you determine a selling price.

#5 Increase Curb Appeal

The appearance of your Winter Gardens, California restaurant will go a great distance in helping you attract potential buyers. Alternatively, if the overall aesthetic of your Winter Gardens, California restaurant does not appeal to buyers, they might take a pass without a second look.

To prevent this from happening, everything in and out of your Winter Gardens, California restaurant must be cleaned and maintained. Landscaping and a clean parking lot could help create curb appeal for prospective buyers.

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

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

Non-functional equipment could raise doubt about your financial status and production capabilities. It can even lower the mood of your employees, which in response, negatively affect your output and effect your profit and loss statement.

You should appear credible in order to build the confidence of prospective buyers concerning purchasing your Winter Gardens, California restaurant.

#7 Search for Winter Gardens Buyers

Searching for prospective buyers can be time-consuming and often requires specialized skills and a certain level of experience. This may demand that you hire an experienced Winter Gardens, California restaurant broker to help. A professional Winter Gardens, California restaurant broker will offer recommendations for saving time for drawing in more potential buyers. However, if you make the decision to take on this project yourself, you will need to carry out proper advertising. You can list your Winter Gardens, California restaurant on business websites and tell family and friends about your intentions to sell your Winter Gardens, California restaurant.

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

#8 Be Ready

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

You'll never know when a buyer could visit your Winter Gardens, California restaurant. Some buyers might even come in as customers in order to perform some research before reaching out to you.

#9 Sell Your Winter Gardens, California Restaurant

This is the last action to take after a successful negotiation with a buyer. This stage involves the presentation of the important documentation to complete the contract. The paperwork will likely start with the Asset Purchase Agreement.

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

This document includes details such as the selling price of your Winter Gardens, California restaurant, assets and equipment as well as inventory value.

Choosing a Winter Gardens, California Restaurant Broker

While attempting to sell your Winter Gardens, California restaurant on your own can be an exciting project, it can also be very risky, especially for first time sellers.

The fact remains, in order for you to achieve the most out of the business deal, you need a higher level of experience in order to stand out against your cometitors while trying to find buyers.

Experience is also vital during negotiations with prospective buyers. This is when an experienced Winter Gardens, California restaurant broker comes in. A Winter Gardens, California restaurant broker has the resources, experience and strategy needed to easily take on the task of selling your Winter Gardens, California restaurant. Additionally, a restaurant broker can help you sell faster and at a great price.

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

Contact a Winter Gardens, California Restaurant Broker

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

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

Winter Gardens Zip Codes We Support: 92021, 92040