Decided to Sell Your Alafaya, Florida Restaurant?

After years of labor, you have made the decision sell your Alafaya, Florida restaurant

Considering starting a different Alafaya, Florida restaurant, moving, or maybe retiring. Regardless of the reason, selling a Alafaya, Florida restaurant can be a lot more complicated than you may think. Thats because it takes thoughtful preparation and a solid strategy to successfully get out with enough profit for all the sweat you may have put into it.

Important Steps to Consider when Selling Your Restaurant

You may either think to hire a eatery broker to assist you in selling your Alafaya, Florida restaurant or do the task yourself. Whether considering selling your Alafaya, Florida restaurant on your own for the first time or with a restauarant broker, you should follow these steps.

#1 Gather all Important Documentation

This is an important first step to take when you start the process of marketing your Alafaya, Florida restaurant.

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

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

Corbett Restaurant Group has the experience to assist you in the market for sale of your Alafaya, Florida restaurant. Call today for a no strings attached business review at (888) 266-5182.

It's probably best not to show the majority of these documents to a possible buyer first day. However, you may want to have them on hand because you will eventually need them during the sales process.

Also, putting together these documents lets you see your Alafaya, Florida restaurant through the lens of a buyer. This provides you a clear picture of the Alafaya, Florida restaurant you're selling. In addition, it allows you to show if there are any areas you will have to take care of.

#2 Put Your Financials in Order

Your financial documents are a crucial detail of selling your Alafaya, Florida restaurant. This is why you should make an effort to make these documents complete and well organized.

Showing your financial documents to possible buyers may help clear any hesitations they may have regarding your Alafaya, Florida restaurant.

The financial documents could 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 the records. This may make it easier for you to send the information to prospective buyers.

Likewise, as a seller, you must disclose information including debts, owed taxes, prospective repairs, etc. Failing to inform a buyer regarding these items could create legal problems for you if a buyer later discovers these liabilities post closing the deal.

#3 Put Together the Details of Your Commercial Lease

While preparing to sell your Alafaya, Florida restaurant, you need to review 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 could be advisable to have a discussion with your landlord regarding your plan to sell your Alafaya, Florida restaurant and to potentially extend your lease.

#4 Have Your Restauarant Appraised

Buyers and investors could request an in-depth analysis of your financial records, whether favorable or not, this helps them estimate the true value of the Alafaya, Florida restaurant.

This will be in your best interest to ensure that you augment sales and make a reduction in your expenses to increase your cash flow starting to sell your Alafaya, Florida restaurant.

The estimated time it takes to sell a Alafaya, Florida restaurant is 6 months. Within those six months, there are many things you can do in order to increase your profit and reduce various costs, and thus increase the value of your Alafaya, Florida restaurant.

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

This will assist you in estimating the probable worth of your Alafaya, Florida restaurant. When you understand the overall worth this could help you determine a selling price.

#5 Make Your Restaurant Look Good

The appearance of your Alafaya, Florida restaurant will go a great distance in helping you attract potential buyers. Alternatively, if the general look of your Alafaya, Florida restaurant does not appeal to buyers, they might take a pass right off the bat.

To prevent this from happening, everything in and out of your Alafaya, Florida restaurant must be clean. Manicured and a clean parking area can help create appeal for prospective buyers.

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

Additionally, you should ensure all the equipment is in satisfactory 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 also raises doubt about your financial capabilities and output abilities. It could even lower the excitment of your staff, which in response, negatively affect your productivity and effect your profit and loss statement.

You should look credible in order to build the confidence of prospective buyers concerning buying your Alafaya, Florida restaurant.

#7 Search for Alafaya Buyers

Marketing to potential buyers is time-consuming and can require specific skills and a certain level of expertise. This may require that you hire a professional Alafaya, Florida restaurant broker to help. A professional Alafaya, Florida restaurant broker will offer recommendations for saving time & money for attracting more potential buyers. However, if you decide to take on this project by yourself, you will need to create appropriate advertising. You can offer your Alafaya, Florida restaurant on business websites and tell family and friends about your intentions to sell your Alafaya, Florida restaurant.

As you will likely come across competition when trying to sell your Alafaya, Florida restaurant, you need your restaurant to stand out.

#8 Be Prepared

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

You'll never know when a buyer could walk into your Alafaya, Florida restaurant. Some buyers might even come in as customers in order to perform some research before reaching out to you.

#9 Sell Your Alafaya, Florida Restaurant

This is the remaining action to take following a successful negotiation with a buyer. This stage includes the presentation of the important documentation to finalize the contract. The documentation often begin with the Asset Purchase Agreement.

You should have your attorney’s help in drafting this document. Involving an attorney is recommended to make sure the Asset Purchase Agreement covers every aspect of the contract.

This document includes details such as the selling price of your Alafaya, Florida restaurant, items and equipment and inventory value.

Choosing a Alafaya, Florida Restaurant Broker

Although trying to sell your Alafaya, Florida restaurant on your own can be an exhilarating endeavor, it can also be quite risky, especially for first time sellers.

It's true, in order for you to get the most from of the business deal, you need some level of expertise in order to stand above and against the cometitors while attempting to attract buyers.

Expertise is also vital during negotiations with prospective buyers. This is when an experienced Alafaya, Florida restaurant broker is recommended. A Alafaya, Florida restaurant broker has the resources, experience and strategy needed to easily take on the task of marketing for sale your Alafaya, Florida restaurant. Additionally, a restaurant broker can help you sell quicker and get you a higher sale value.

With the help of a Alafaya, Florida restaurant broker, you can maintain your undivided attention on operating your Alafaya, Florida restaurant and rest assured knowing that a professional is in charge of selling your Alafaya, Florida restaurant.

Contact a Alafaya, Florida Restaurant Broker

Deciding to sell your Alafaya, Florida restaurant through a Alafaya, Florida restaurant broker has many advantages. First, however, you need to select the best Alafaya, Florida restaurant broker to help you in selling your Alafaya, Florida restaurant.

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

Alafaya Zip Codes We Support: 32817, 32825, 32826, 32828, 32829, 32831