Right Time to Sell Your Country Club, Florida Restaurant?

Following years of sweat equity, you have decided to sell your Country Club, Florida restaurant

Contemplating opening a different eatery, moving, or even retiring. Regardless of the reason, selling a Country Club, Florida restaurant can be a lot more challenging than you might realize. Thats because it takes thoughtful preparation and a solid game plan to successfully get out with enough proceeds for all the labor you’ve put into it.

Important Steps to Take when Selling Your Restaurant

You can either think to hire a Country Club, Florida restaurant broker to guide you in selling your Country Club, Florida restaurant or do the task yourself. If you are considering selling your Country Club, Florida restaurant on your own for the first time or with a restauarant broker, you should follow these steps.

#1 Gather the Important Documentation

This is an important initial step to make when you commence the process of marketing your Country Club, 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 prepared:

• Gather your assets
• Lease document
• 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 Country Club, Florida restaurant. Call today for a no-obligation consultation at (888) 266-5182.

You certainly do not want to reveal the majority of these documents to a prospective buyer right away. However, you should have them on hand because you will certainly require them during the sales process.

In addition, compiling these documents lets you view your Country Club, Florida restaurant through the lens of a buyer. This gives you a clear picture of the Country Club, Florida restaurant you're offering for sale. Furthermore, it helps you identify whether there are any loopholes you will have to take care of.

#2 Get Your Financials in Order

Your financial records are a crucial part of selling your Country Club, Florida restaurant. This is the reason you should make an effort to have your documents accurate and organized.

Offering your financial documents to potential buyers could help clear any hesitations they may have regarding your Country Club, Florida restaurant.

These financial documents may include:

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

Also, make sure you have hard copies of all of the records. This could make it easier for you to transmit the information to prospective buyers.

Also, as a seller, you have to disclose information such as debts, owed taxes, deferred repairs, etc. Failing to inform a buyer regarding these items may create legal issues for you if a buyer later on discovers these liabilities after sealing the deal.

#3 Gather the Details of Your Commercial Lease

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

For this reason, it is advisable to have a discussion with your landlord concerning your plan to sell your Country Club, Florida restaurant and to potentially extend your lease.

#4 Have Your Restauarant Appraised

Buyers and investors will often request an in-depth evaluation of your financial records, whether favorable or not, this helps with estimating the value of your Country Club, Florida restaurant.

It is therefore in your best interest to make sure that you augment sales and reduce expenses to increase your cash flow planning to sell your Country Club, Florida restaurant.

The estimated time it takes to sell a Country Club, Florida restaurant is six months. Within the six months, there are many things you can do in order to increase your profit and reduce various costs, and therefore increase the worth of your Country Club, 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 assist you in coming up with the probable worth of your Country Club, Florida restaurant. If you understand the overall worth this may help you settle on a selling price.

#5 Increase Curb Appeal

The first impression of your Country Club, Florida restaurant will go a long way in helping you attract potential buyers. Conversely, if the general appearance of your Country Club, Florida restaurant does not appeal to buyers, they might pass over immediately.

To avoid this from happening, all things in and out of your Country Club, Florida restaurant must be cleaned and maintained. Manicured and a clean parking area can help create curb appeal for potential buyers.

Clean windows, polished door handles and a clean floor are other easy things that can help create a great first impression.

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

Non-functional equipment can raise doubt about your financial status and production abilities. It could even dampen the morale of your employees, which in turn, negatively affect your output and effect your profit and loss statement.

You should appear credible in order to build the confidence of prospective buyers regarding purchasing your Country Club, Florida restaurant.

#7 look for Country Club Buyers

Marketing to potential buyers is time-consuming and often requires specialized skills and a certain level of experience. This may demand that you hire a professional Country Club, Florida restaurant broker to help. A professional Country Club, 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 alone, you will need to carry out appropriate advertising. You can show your Country Club, Florida restaurant on listing websites and let your family and friends know about your intentions to sell your Country Club, Florida restaurant.

As you will probably run across competition when trying to sell your Country Club, Florida restaurant, you need your restaurant to stand out.

#8 Be Prepared

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

You'll never know when a buyer could walk into your Country Club, Florida restaurant. Some buyers may even visit as customers just to perform some research before contacting you.

#9 Sell Your Country Club, Florida Restaurant

This is the final action to take after a successful negotiation with a buyer. This stage involves the presentation of the necessary paperwork to complete the contract. The documentation often start with the Asset Purchase Agreement.

You should have your attorney’s assistance in drafting this document. Working with an attorney is recommended to ensure the Asset Purchase Agreement covers every detail of the deal.

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

Choosing a Country Club, Florida Restaurant Broker

Although trying to sell your Country Club, Florida restaurant on your own can be an exhilarating project, it can also be very risky, especially for first time sellers.

It's true, in order for you to achieve the most from of the business deal, you need a higher level of experience in order to stand above and against the cometitors while attempting to find buyers.

Experience is also vital during negotiations with prospective buyers. This is when an experienced Country Club, Florida restaurant broker is recommended. A Country Club, Florida restaurant broker has the resources, expertise and strategy needed to easily take on the task of marketing for sale your Country Club, Florida restaurant. Additionally, a restaurant broker will liekly help you sell faster and at a great price.

With the help of a Country Club, Florida restaurant broker, you can focus your undivided attention on operating your Country Club, Florida restaurant and rest easy with the knowledge that a professional is in charge of selling your Country Club, Florida restaurant.

Contact a Country Club, Florida Restaurant Broker

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

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

Country Club Zip Codes We Support: 33015