Time to Sell Your Woodland, California Restaurant?

After years of sweat equity, you have made the decision sell your Woodland, California restaurant

Contemplating starting a new eatery, relocating, or even retiring. Regardless of the reason, selling a Woodland, California restaurant can be way more challenging than you might think. Thats because it takes thoughtful preparation and a solid strategy 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 contract with a eatery broker to help you in selling your Woodland, California restaurant or do the task on your own. Whether considering selling your Woodland, California restaurant on your own for the first time or with a restauarant broker, here are some steps you can plan for.

#1 Put Together the Important Documentation

This is an important preparatory step to take when you commence the process of marketing your Woodland, California restaurant.

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

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

Corbett Restaurant Group comes with expertise to help you in the market for sale of your Woodland, California restaurant. Call today for a no strings attached consultation at (888) 266-5182.

It's probably smart not to show the majority of these documents to a prospective buyer day one. However, you should have them ready because you will certainly require them during the sales process.

In addition, putting together these documents lets you view your Woodland, California restaurant through the lens of a buyer. This provides you a clear image of the Woodland, California restaurant you're selling. Furthermore, it helps you show whether there are any concerns you will have to address.

#2 Get Your Financial Documents in Order

Your financial documents are an important aspect of selling your Woodland, California restaurant. That’s why you should make it a priority to have these documents complete and organized.

Showing your financial records to prospective buyers may aid clear any doubt they might have regarding your Woodland, California restaurant.

These financial records could include:

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

In addition, ensure you have duplicate copies of all of these records. This can make it easier for you to send the information to prospective buyers.

Also, as a seller, you must disclose information such as debts, owed taxes, expected repairs, etc. Failure to inform a buyer regarding these items may create legal problems for you if a buyer later discovers these liabilities after closing the deal.

#3 Organize the Information On Your Commercial Lease

In the process of preparing to sell your Woodland, California restaurant, you need to understand of your commercial lease. It would be devestating if, after attracting a buyer, your lease hinders you from closing the deal.

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

#4 Appraise Your Restaurant

Buyers and investors will often request an detailed analysis of your financial records, whether favorable or not, this will help them estimate the value of the Woodland, California restaurant.

It is therefore in your best interest to make sure that you increase sales and make a reduction in your expenses to build up your cash flow before trying to sell your Woodland, California restaurant.

The average time it takes to sell a Woodland, California restaurant is six months. Within the six months, there is a lot you can do in order to increase your profit and cut several costs, and therefore strengthen the worth of your Woodland, California restaurant.

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

This will assist you in deriving the overall worth of your Woodland, California restaurant. When you understand the overall value this could help you settle on a selling price.

#5 Increase Curb Appeal

The appearance of your Woodland, California restaurant could go a great distance in helping you attract potential buyers. Conversely, if the overall appearance of your Woodland, California restaurant does not look good to buyers, they likely pass over without a second look.

To avoid this from happening, everything in and out of your Woodland, California restaurant must be clean. Manicured and a clean parking lot could help create appeal for potential buyers.

Spot-free windows, polished door handles and a neat floor are other simple things that can help create a great initial impression.

Furthermore, you should make sure all your equipment is in satisfactory condition. If your equipment is not working properly, it might send the message that you are hurried to pass a bad deal to the buyer.

Faulty equipment also raises doubt about your financial status and output capabilities. It could even dampen the morale of your staff, which in turn, negatively affect your productivity and effect your profit and loss statement.

You should appear credible in order to build the confidence of prospective buyers regarding buying your Woodland, California restaurant.

#7 look for Woodland Buyers

Marketing to potential buyers can be time-consuming and can require specialized skills and a certain level of experience. This may require that you hire a professional Woodland, California restaurant broker to help. The professional Woodland, California restaurant broker will offer recommendations for saving time & money for drawing in more prospective buyers. However, if you decide to handle this task yourself, you will need to carry out appropriate advertising. You can market your Woodland, California restaurant on listing websites and tell family and friends about your intentions to sell your Woodland, California restaurant.

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

#8 Be Prepared

Regardless if you decide to sell your Woodland, California restaurant yourself, or with a a Woodland, California restaurant broker, you should always be ready. Be ready to show your Woodland, California restaurant to potential buyers at all times.

You will never know when a buyer will walk into your Woodland, California restaurant. Some buyers may even visit as customers just to carry out some research before reaching out to you.

#9 Sell Your Woodland, California Restaurant

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

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

This document includes details including the selling price of your Woodland, California restaurant, assets and equipment and inventory value.

Choosing a Woodland, California Restaurant Broker

Although trying to sell your Woodland, California restaurant on your own can be an exhilarating project, it could also be quite risky, especially for first-timers.

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 out against the competition while attempting to find buyers.

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

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

Contact a Woodland, California Restaurant Broker

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

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

Woodland Zip Codes We Support: 95695, 95776