Ready to Sell Your Apopka, Florida Restaurant?

After years of sweat equity, you have made the decision sell your Apopka, Florida restaurant

Contemplating opening a new Apopka, Florida restaurant, relocating, or even retiring. Regardless of the reason, selling a Apopka, Florida restaurant can be a lot more challenging than you may think. Thats because it takes thoughtful preparation and a solid game plan to successfully get out with enough profit for all the labor you’ve put into it.

Important Actions to Take when Selling Your Restaurant

You may either decide to contract with a eatery broker to guide you in selling your Apopka, Florida restaurant or take on the task yourself. Whether considering selling your Apopka, Florida restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Gather any Necessary Documentation

This is a necessary preparatory step to make when you begin the process of offering your Apopka, Florida restaurant.

The necessary paperwork may vary from state to state--even in Florida, but below is a list of a few general documents you may be requierd to have ready:

• A list of your assets
• Lease documentation
• 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 help you in the market for sale of your Apopka, Florida restaurant. Call today for a no strings attached business review at (888) 266-5182.

It's probably best not to reveal all these documents to a potrntial buyer day one. But, you may want to have them at hand because you will certainly require them during the sales process.

In addition, putting together these documents allows you to see your Apopka, Florida restaurant through the lens of a buyer. This gives you a clear picture of the Apopka, Florida restaurant you are offering for sale. In addition, it allows you to identify whether there are any loopholes you will have to take care of.

#2 Get Your Financials in Order

Your financial documents are an important part of selling your Apopka, Florida restaurant. This is the reason you should strive to make your documents complete and organized.

Showing your financial records to prospective buyers could aid clear any hesitations they may have regarding your Apopka, Florida restaurant.

The financial documents may 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 may make it easier for you to send the information to possible buyers.

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

#3 Organize the Information On Your Commercial Lease

In the process of preparing to sell your Apopka, Florida restaurant, you must find out the terms of your commercial lease. It could be devestating if, after securing a buyer, your lease ends up preventing you from sealing the deal.

For this reason, it could be advisable to have a discussion with your landlord regarding your plan to sell your Apopka, Florida restaurant and to potentially extend your lease.

#4 Appraise Your Restaurant

Buyers and investors could request an in-depth evaluation of your financial records, whether favorable or not, this helps with estimating the value of the Apopka, Florida 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 planning to sell your Apopka, Florida restaurant.

The estimated time it may take to sell a Apopka, Florida restaurant is six months. Within the six months, there are many things you can do to strengthen your profit and reduce various costs, and therefore strengthen the worth of your Apopka, Florida restaurant.

Also, 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 could aid you in coming up with the probable value of your Apopka, Florida restaurant. Understanding the overall value will help you determine a selling price.

#5 Make Your Restaurant Look Awesome

The first impression of your Apopka, Florida restaurant will go a great distance in helping you bring potential buyers. Conversely, if the overall look of your Apopka, Florida 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 Apopka, Florida restaurant must be cleaned and maintained. Manicured and a clean parking lot may help create curb appeal for potential buyers.

Clean windows, polished handles and a clean floor are other simple things that could help create a great first impression.

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

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

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

#7 Search for Apopka Buyers

Looking for prospective buyers can be time-consuming and often requires specific skills and a certain level of experience. This may require that you hire a professional Apopka, Florida restaurant broker to help. The professional Apopka, Florida restaurant broker will offer recommendations for saving time & money for drawing in more potential buyers. However, if you make the decision to handle this task by yourself, you will need to carry out proper advertising. You can list your Apopka, Florida restaurant on business websites and tell family and friends about your plans to market for sale your Apopka, Florida restaurant.

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

#8 Be Ready

If you decide to sell your Apopka, Florida restaurant yourself, or with a a Apopka, Florida restaurant broker, you should always be prepared. Be prepared to show your Apopka, Florida restaurant to potential buyers at all times.

You never know when a buyer could visit your Apopka, Florida restaurant. Some buyers might even visit as customers just to perform some research before reaching out to you.

#9 Sell Your Apopka, Florida Restaurant

This is the last action to take following a successful negotiation with a buyer. This stage involves the presentation of the necessary paperwork to complete the deal. The paperwork will likely start with the Asset Purchase Agreement.

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

This document includes details including the selling price of your Apopka, Florida restaurant, items and equipment and inventory value.

Choosing a Apopka, Florida Restaurant Broker

While attempting to sell your Apopka, Florida restaurant on your own can be an exhilarating project, it can also be quite risky, especially for first time sellers.

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

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

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

Contact a Apopka, Florida Restaurant Broker

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

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

Apopka Zip Codes We Support: 32703, 32704, 32712, 32768, 32776