Are You Ready to Sell Your Aventura, Florida Restaurant?

Following years of hard work, you have decided to sell your Aventura, Florida restaurant

Considering starting a different Aventura, Florida restaurant, moving, or maybe retiring. Regardless of the reason, selling a Aventura, Florida restaurant can be a lot more difficult than you may think. Thats because it takes thoughtful preparation and a solid game plan to successfully walk away with enough profit for all the labor you’ve put into it.

Important Steps to Take in Selling Your Restaurant

You may either make the decision to hire a Aventura, Florida restaurant broker to help you in selling your Aventura, Florida restaurant or take on the task yourself. If you are considering selling your Aventura, Florida restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Put Together any Business Paperwork

This is an important initial step to make when you commence the process of selling your Aventura, Florida restaurant.

The necessary paperwork may vary from state to state--even in Florida, but below is a list of a few standard documents you may need to have prepared:

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

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

It's probably best not to reveal all these documents to a possible buyer day one. However, you should have them at hand because you will certainly need them during the sales process.

Also, putting together these documents allows you to view your Aventura, Florida restaurant through the lens of a buyer. This gives you a clear picture of the Aventura, Florida restaurant you are selling. In addition, it allows you to identify whether there are any loopholes you will have to address.

#2 Get Your Financial Records in Order

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

Showing your financial records to potential buyers could aid clear any doubt they may have regarding your Aventura, 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 documents. This can make it easier for you to transmit the documentation to possible buyers.

Likewise, as a seller, you must disclose information such as debts, owed taxes, planned repairs, etc. Failing to inform a buyer about these things can create legal problems for you if a buyer later discovers these ommissions post sealing the deal.

#3 Gather the Information On Your Commercial Lease

In the process of preparing to sell your Aventura, Florida restaurant, you need to review of your commercial lease. It could be disappointing if, after attracting a buyer, your lease hinders you from closing the deal.

For this reason, it is advisable to talk to your landlord regarding your plan to sell your Aventura, Florida restaurant and to potentially extend your lease.

#4 Appraise Your Restaurant

Buyers and investors will most likely request an in-depth evaluation of your financials, whether favorable or not, this will help them estimate the value of your Aventura, Florida restaurant.

It is therefore in your best interest to ensure that you increase sales and make a reduction in your expenses to build up your cash flow starting to sell your Aventura, Florida restaurant.

The estimated time it may take to sell a Aventura, Florida restaurant is six months. Within those six months, there are several things you can do to increase your profit and slash various costs, and thus strengthen the value of your Aventura, Florida restaurant.

In addition, with regards 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 overall worth of your Aventura, Florida restaurant. When you understand the overall worth this may help you come up with a selling price.

#5 Make Your Restaurant Look Good

The first impression of your Aventura, Florida restaurant will go a long way in helping you bring potential buyers. Alternatively, if the general appearance of your Aventura, Florida restaurant does not look good to buyers, they could pass over without consideration.

To avoid this from happening, all things in and out of your Aventura, Florida restaurant must be cleaned and maintained. Landscaped and a clean parking area could help create curb appeal for prospective buyers.

Clean windows, polished handles and a neat floor are also small things that would help create a great first impression.

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

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

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

#7 look for Aventura Buyers

Marketing to prospective buyers can be time-consuming and often requires specialized skills and a certain level of expertise. This may demand that you hire a professional Aventura, Florida restaurant broker to help. The professional Aventura, Florida restaurant broker will offer recommendations for saving time & money for attracting more prospective buyers. However, if you make the decision to handle this task yourself, you will need to create proper advertising. You can offer your Aventura, Florida restaurant on listing websites and let your family and friends know about your intentions to market for sale your Aventura, Florida restaurant.

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

#8 Be Ready

Regardless if you decide to sell your Aventura, Florida restaurant yourself, or through a Aventura, Florida restaurant broker, you need to always be ready. Be ready to show your Aventura, Florida restaurant to potential buyers at all times.

You'll never know when a buyer will walk into your Aventura, Florida restaurant. Some buyers might even come in as customers in order to carry out some research before contacting you.

#9 Sell Your Aventura, 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 complete the deal. The paperwork will likely start with the Asset Purchase Agreement.

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

This agreement includes details including the selling price of your Aventura, Florida restaurant, items and equipment as well as inventory value.

Choosing a Aventura, Florida Restaurant Broker

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

The fact remains, in order for you to achieve the most from of the business transaction, you need a higher level of experience in order to stand above and against the cometitors while trying to attract buyers.

Expertise is also vital during negotiations with prospective buyers. This is where an experienced Aventura, Florida restaurant broker is recommended. A Aventura, Florida restaurant broker has the resources, experience and strategy needed to easily take on the task of marketing for sale your Aventura, Florida restaurant. Additionally, a restaurant broker can help you sell faster and at a great price.

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

Contact a Aventura, Florida Restaurant Broker

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

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

Aventura Zip Codes We Support: 33160, 33180