Are You Ready to Sell Your Eustis, Florida Restaurant?

Following years of sweat equity, you have made the decision sell your Eustis, Florida restaurant

Considering starting a new Eustis, Florida restaurant, moving, or even retiring. Regardless of the reason, selling a Eustis, Florida restaurant can be way more complicated than you might think. Thats because it takes thoughtful preparation and a solid game plan to successfully get out with enough proceeds for all the sweat you’ve put into it.

Important Actions to Take when Selling Your Restaurant

You can either decide to hire a eatery broker to guide you in selling your Eustis, Florida restaurant or do the task on your own. If you are considering selling your Eustis, Florida restaurant on your own for the first time or with a restauarant broker, here are some steps you can expect.

#1 Put Together any Important Paperwork

This is a necessary first step to take when you begin the process of selling your Eustis, Florida restaurant.

The required documents may vary from state to state--even in Florida, but below is a list of some generalized documents you may need to have prepared:

• A list of your assets
• Lease contract
• 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 Eustis, Florida restaurant. Call today for a no-obligation consultation at (888) 266-5182.

You probably do not want to reveal the majority of these documents to a prospective buyer first day. But, you should have them at hand because you will eventually require them during the sales process.

Also, putting together these documents allows you to see your Eustis, Florida restaurant through the lens of a buyer. This provides you a clear picture of the Eustis, Florida restaurant you're offering for sale. Furthermore, it allows you to identify if there are any loopholes you'll have to address.

#2 Get Your Financial Records in Order

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

Offering your financial records to potential buyers may help clear any doubt they may have concerning your Eustis, Florida restaurant.

The financial documents could include:

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

In addition, ensure you have hard copies of all of the records. This can make it easier for you to transmit the documentation to prospective buyers.

Also, as a seller, you have to disclose information such as debts, owed taxes, expected repairs, etc. Failing to inform a buyer regarding these items can create legal issues for you if a buyer later on discovers these ommissions post completing the deal.

#3 Gather the Information On Your Commercial Lease

In the process of preparing to sell your Eustis, Florida restaurant, you must find out the terms of your commercial lease. It would be devestating 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 Eustis, Florida restaurant and to potentially 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 helps them estimate the value of your Eustis, Florida restaurant.

It is therefore in your best interest to ensure that you augment sales and make a reduction in your expenses to build your cash flow planning to sell your Eustis, Florida restaurant.

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

Also, when it comes to your assets, you'll to understand the depreciation involved. Everything depreciates, so it’s a good idea to individually value your assets.

This could help you in estimating the probable worth of your Eustis, Florida restaurant. Understanding the overall value will help you determine a selling price.

#5 Make Your Restaurant Look Awesome

The first impression of your Eustis, Florida restaurant will go a great distance in helping you attract potential buyers. Alternatively, if the general appearance of your Eustis, Florida restaurant does not appeal to buyers, they likely pass over immediately.

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

Spot-free windows, polished door handles and a clean floor are also simple things that can help create a unforgettable initial impression.

Furthermore, you should make sure that all your equipment is in top condition. If your equipment is not working, it might convey the message that you're hurried to pass a bad deal to the buyer.

Faulty equipment could raise doubt about your financial status and output abilities. It can even dampen the morale of your employees, which in response, negatively affect your productivity and effect your profit and loss statement.

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

#7 Search for Eustis Buyers

Searching for potential buyers can be time-consuming and often requires specific skills and a certain level of expertise. This may demand that you hire a professional Eustis, Florida restaurant broker to help. A professional Eustis, Florida restaurant broker will come with recommendations for saving time & money for attracting more prospective buyers. However, if you decide to handle this task alone, you will need to carry out proper advertising. You can market your Eustis, Florida restaurant on business websites and tell family and friends about your plans to sell your Eustis, Florida restaurant.

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

#8 Be Prepared

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

You will never know when a buyer will visit your Eustis, Florida restaurant. Some buyers might even come in as customers in order to perform some research before contacting you.

#9 Sell Your Eustis, Florida Restaurant

This is the remaining action to take following a successful negotiation with a buyer. This stage involves the presentation of the important paperwork to complete the deal. The paperwork will usually begin with the Asset Purchase Agreement.

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

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

Choosing a Eustis, Florida Restaurant Broker

While trying to sell your Eustis, Florida restaurant on your own can be an exhilarating project, it can also be very risky, especially for first-timers.

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

Experience is also vital during negotiations with potential buyers. This is when an experienced Eustis, Florida restaurant broker is needed. A Eustis, Florida restaurant broker has the resources, expertise and strategy required to easily take on the task of marketing for sale your Eustis, Florida restaurant. Additionally, a restaurant broker will liekly help you sell faster and get you a higher sale value.

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

Contact a Eustis, Florida Restaurant Broker

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

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

Eustis Zip Codes We Support: 32726, 32727, 32735, 32736, 32757, 32784