Ready to Sell Your Deltona, Florida Restaurant?

After years of labor, you have decided to sell your Deltona, Florida restaurant

Considering starting a new eatery, relocating, or maybe slowing down. Regardless of the reason, selling a Deltona, Florida restaurant can be way more complicated than you might realize. This is because it takes thoughtful preparation and a solid game plan to successfully get out with enough money for all the labor you’ve put into it.

Important Steps to Consider when Selling Your Restaurant

You may either make the decision to hire a eatery broker to guide you in selling your Deltona, Florida restaurant or do the task yourself. If you are considering selling your Deltona, Florida restaurant on your own for the first time or with a restauarant broker, you should follow these steps.

#1 Gather any Important Documentation

This is an important first step to make when you begin the process of selling your Deltona, 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 find helpful to have on you:

• A list of your assets
• Lease documentation
• 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 Deltona, Florida restaurant. Call today for a no-obligation business review at (888) 266-5182.

You certainly do not want to reveal all these documents to a potrntial buyer right away. But, 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 Deltona, Florida restaurant through the lens of a buyer. This provides you a clear image of the Deltona, Florida restaurant you are offering for sale. Furthermore, it allows you to identify whether there are any concerns you will have to take care of.

#2 Put Your Financials in Order

Your financial documents are an important detail of selling your Deltona, Florida restaurant. This is the reason you should make an effort to make these documents accurate and organized.

Offering your financial documents to potential buyers could aid clear any hesitations they might have concerning your Deltona, Florida restaurant.

These 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 can make it easier for you to send the documentation to potential buyers.

Likewise, as the seller, you have to disclose information such as debts, owed taxes, prospective repairs, etc. Failure to inform a buyer about these things can create legal issues for you if a buyer later discovers these ommissions after sealing the deal.

#3 Put Together the Information On Your Commercial Lease

While preparing to sell your Deltona, Florida restaurant, you need to understand of your commercial lease. It could be disappointing if, after securing a buyer, your lease hinders you from sealing the deal.

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

#4 Have Your Restauarant Appraised

Buyers and investors may request an in-depth evaluation of your financials, whether favorable or not, this will help them evaluate the value of the Deltona, Florida restaurant.

It is therefore in your best interest to make sure that you augment sales and reduce expenses to build your cash flow before trying to sell your Deltona, Florida restaurant.

The average time it may take to sell a Deltona, Florida restaurant is 6 months. Within those six months, there are many things you can do in order to increase your profit and slash several costs, and thus strengthen the worth of your Deltona, Florida restaurant.

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

This may assist you in coming up with the probable worth of your Deltona, Florida restaurant. When you understand the overall worth this could help you come up with a selling price.

#5 Make Your Restaurant Look Awesome

The first impression of your Deltona, Florida restaurant will go a long way in helping you bring potential buyers. Alternatively, if the general appearance of your Deltona, Florida restaurant does not look good to buyers, they might pass over immediately.

To prevent this from happening, all things in and out of your Deltona, Florida restaurant must be clean. Landscaped and a clean parking area can help create curb appeal for potential buyers.

Clean windows, polished handles and a presentable floor are also small items that could help create a memorable first impression.

Additionally, you should ensure all the equipment is in top condition. If your equipment is not functioning, it may send the message that you're hurried to pass a bad deal to the buyer.

Non-functional equipment could raise doubt about your financial situation and output capabilities. It can even lower the morale of your staff, and in response, negatively affect your output and effect your profit and loss statement.

You should appear credible in order to build the confidence of potential buyers concerning purchasing your Deltona, Florida restaurant.

#7 Search for Deltona Buyers

Marketing to potential buyers is time-consuming and often requires specialized skills and a certain level of expertise. This may demand that you hire an experienced Deltona, Florida restaurant broker to help. The professional Deltona, Florida restaurant broker will offer recommendations for saving time for attracting more prospective buyers. However, if you decide to handle this task yourself, you will need to create appropriate advertising. You can offer your Deltona, Florida restaurant on listing websites and tell family and friends about your plans to sell your Deltona, Florida restaurant.

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

#8 Be Prepared

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

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

#9 Sell Your Deltona, Florida Restaurant

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

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

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

Choosing a Deltona, Florida Restaurant Broker

While attempting to sell your Deltona, Florida restaurant on your own can be an exciting project, it can 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 some level of expertise in order to stand above and against the competition while attempting to attract buyers.

Experience is also vital during negotiations with prospective buyers. This is where an experienced Deltona, Florida restaurant broker is recommended. A Deltona, Florida restaurant broker has the resources, expertise and strategy required to easily take on the task of marketing for sale your Deltona, Florida restaurant. Additionally, a restaurant broker will liekly help you sell quicker and for more money.

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

Contact a Deltona, Florida Restaurant Broker

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

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

Deltona Zip Codes We Support: 32725, 32728, 32738, 32739, 32764