Are You Ready to Sell Your Estero, Florida Restaurant?

Following years of hard work, you have made the decision sell your Estero, Florida restaurant

Considering opening a new eatery, moving, or even slowing down. No matter the reason, selling a Estero, Florida restaurant can be a lot more challenging than you might realize. 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 Take in Selling Your Restaurant

You can either think to hire a eatery broker to help you in selling your Estero, Florida restaurant or do the task on your own. Whether considering selling your Estero, Florida restaurant on your own for the first time or with a restauarant broker, here are some tasks you can plan for.

#1 Gather all Business Paperwork

This is a necessary preparatory step to make when you commence the process of marketing your Estero, Florida restaurant.

The required documents may vary from state to state--even in Florida, but the following is a list of a few standard documents you may need to have ready:

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

Corbett Restaurant Group comes with experience to help you in the sale of your Estero, Florida restaurant. Call today for a no strings attached consultation at (888) 266-5182.

You probably do not want to show the majority of these documents to a possible buyer day one. But, you should have them on hand because you will certainly require them during the sales process.

In addition, putting together these documents allows you to view your Estero, Florida restaurant through the lens of a buyer. This provides you a clear image of the Estero, Florida restaurant you are offering for sale. In addition, it helps you identify whether there are any concerns you'll have to address.

#2 Get Your Financials in Order

Your financial documents are a crucial aspect of selling your Estero, Florida restaurant. That’s why you should strive to make these documents complete and organized.

Offering your financial records to potential buyers could assist to clear any doubt they might have regarding your Estero, Florida restaurant.

The financial documents can 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 these records. This may make it easier for you to send the documentation to prospective buyers.

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

#3 Organize the Information On Your Commercial Lease

In the process of preparing to sell your Estero, Florida restaurant, you must find out the terms of your commercial lease. It would be disappointing if, after attracting a buyer, your lease ends up preventing you from closing the deal.

For this reason, it may advisable to talk to your landlord concerning your plan to sell your Estero, Florida restaurant and to potentially extend your lease.

#4 Get An Appraisal For Your Restaurant

Buyers and investors will often request an detailed evaluation of your financials, whether favorable or not, this helps them estimate the value of the Estero, Florida restaurant.

This will be in your best interest to ensure that you increase sales and reduce expenses to increase your cash flow starting to sell your Estero, Florida restaurant.

The average time it takes to sell a Estero, Florida restaurant is 6 months. Within those six months, there is a lot you can do to strengthen your profit and cut various costs, and thus strengthen the value of your Estero, 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 value your assets.

This may help you in coming up with the probable value of your Estero, Florida restaurant. When you understand the overall worth this may help you settle on a selling price.

#5 Increase Curb Appeal

The appearance of your Estero, Florida restaurant could go a long way in helping you bring potential buyers. Alternatively, if the overall aesthetic of your Estero, Florida restaurant does not look good to buyers, they might take a pass immediately.

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

Clean windows, polished door handles and a neat floor are other simple items that would help create a memorable first impression.

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

Non-functional equipment may rouse doubt about your financial situation and output abilities. It can even lower the morale of your employees, 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 Estero, Florida restaurant.

#7 Search for Estero Buyers

Searching for potential buyers can be time-consuming and can require specific skills and a certain level of expertise. This may require that you hire an experienced Estero, Florida restaurant broker to help. A professional Estero, Florida restaurant broker will come with recommendations for saving time for drawing in more potential buyers. However, if you decide to take on this project yourself, you will need to carry out appropriate advertising. You can show your Estero, Florida restaurant on listing websites and tell family and friends about your plans to sell your Estero, Florida restaurant.

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

#8 Be Ready

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

You'll never know when a buyer will walk into your Estero, Florida restaurant. Some buyers may even visit as customers in order to perform some research before contacting you.

#9 Sell Your Estero, Florida Restaurant

This is the final action to take after a successful negotiation with a buyer. This stage involves the presentation of the necessary documentation to finalize the contract. The paperwork will likely begin with the Asset Purchase Agreement.

You should have your attorney’s assistance in creating this document. Involving an attorney helps to make sure the Asset Purchase Agreement covers every detail of the contract.

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

Choosing a Estero, Florida Restaurant Broker

While trying to sell your Estero, Florida restaurant on your own can be an exciting project, it can also be quite risky, especially for first-timers.

The fact remains, in order for you to get the most out of the business deal, you need some level of expertise to stand above and against the cometitors while trying to find buyers.

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

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

Contact a Estero, Florida Restaurant Broker

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

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

Estero Zip Codes We Support: 33928, 33929, 33967, 34134, 34135