Ready to Sell Your Fleming Island, Florida Restaurant?

Following years of labor, you have decided to sell your Fleming Island, Florida restaurant

Considering starting a different eatery, moving, or even slowing down. No matter the reason, selling a Fleming Island, Florida restaurant can be a lot more complicated than you may think. Thats because it takes thoughtful preparation and a solid strategy to successfully walk away with enough proceeds for all the time you may have put into it.

Necessary Steps to Take in Selling Your Restaurant

You can either make the decision to hire a Fleming Island, Florida restaurant broker to help you in selling your Fleming Island, Florida restaurant or take on the task yourself. Whether considering selling your Fleming Island, Florida restaurant on your own for the first time or with a restauarant broker, here are some tasks you can expect.

#1 Put Together all Necessary Documentation

This is a necessary first step to take when you commence the process of marketing your Fleming Island, Florida restaurant.

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

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

Corbett Restaurant Group has the experience to help you in the sale of your Fleming Island, Florida restaurant. Call today for a no-obligation business review at (888) 266-5182.

It's probably smart not to show the majority of these documents to a possible buyer right away. But, you may want to have them ready because you will certainly require them during the sales process.

Also, compiling these documents allows you to see your Fleming Island, Florida restaurant through the lens of a buyer. This provides you a clear picture of the Fleming Island, Florida restaurant you're offering for sale. In addition, it allows you to show if there are any concerns you will have to address.

#2 Get Your Financials in Order

Your financial records are a crucial detail of selling your Fleming Island, Florida restaurant. That’s the reason you should strive to have your documents complete and well organized.

Showing your financial documents to prospective buyers could aid clear any hesitations they might have concerning your Fleming Island, Florida restaurant.

Your financial records could include:

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

Also, ensure you have duplicate copies of all of these records. This can make it easier for you to transmit the information to prospective buyers.

Also, as the seller, you have to disclose information such as debts, owed taxes, planned repairs, etc. Failing to inform a buyer regarding these things could create legal issues for you if a buyer later discovers these ommissions post signing the deal.

#3 Gather the Details of Your Commercial Lease

In the process of preparing to sell your Fleming Island, Florida restaurant, you need to review of your commercial lease. It could be devestating if, after securing a buyer, your lease hinders you from sealing the deal.

For this reason, it could be advisable to have a discussion with your landlord regarding your plan to sell your Fleming Island, Florida restaurant and to possibly extend your lease.

#4 Have Your Restauarant Appraised

Buyers and investors could request an in-depth evaluation of your financial records, whether favorable or not, this helps with estimating the value of the Fleming Island, Florida restaurant.

It is therefore in your best interest to ensure that you increase sales and reduce expenses to build your cash flow planning to sell your Fleming Island, Florida restaurant.

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

Also, 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 could assist you in deriving the probable worth of your Fleming Island, Florida restaurant. If you understand the overall value this could help you determine a selling price.

#5 Make Your Restaurant Look Awesome

The appearance of your Fleming Island, Florida restaurant could go a long way in helping you bring potential buyers. Alternatively, if the overall look of your Fleming Island, Florida restaurant does not look good to buyers, they might take a pass without a second look.

To prevent this from happening, everything in and out of your Fleming Island, Florida restaurant must be cleaned and maintained. Manicured and a clean parking area may help create curb appeal for potential buyers.

Clean windows, polished handles and a neat floor are also simple things that would help create a unforgettable initial impression.

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

Faulty equipment may rouse doubt about your financial situation and output abilities. It may even dampen the mood of your employees, and in turn, 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 Fleming Island, Florida restaurant.

#7 look for Fleming Island Buyers

Searching for potential buyers can be time-consuming and often requires specific skills and a certain level of experience. This may require that you hire an experienced Fleming Island, Florida restaurant broker to help. A professional Fleming Island, Florida restaurant broker will have recommendations for saving time & money for attracting more prospective buyers. However, if you make the decision to take on this project alone, you will need to create appropriate advertising. You can market your Fleming Island, Florida restaurant on listing websites and tell family and friends about your intentions to market for sale your Fleming Island, Florida restaurant.

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

#8 Be Prepared

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

You never know when a buyer could visit your Fleming Island, Florida restaurant. Some buyers may even come in as customers just to perform some research before contacting you.

#9 Sell Your Fleming Island, Florida Restaurant

This is the final action to take after a successful negotiation with a buyer. This stage involves the presentation of the important documentation to complete the transaction. The documentation will likely 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 aspect of the contract.

This agreement includes details such as the selling price of your Fleming Island, Florida restaurant, items and equipment and inventory value.

Choosing a Fleming Island, Florida Restaurant Broker

Although attempting to sell your Fleming Island, Florida restaurant on your own can be an exhilarating project, it could also be quite risky, especially for first-timers.

The fact remains, if you're looking to get the most from of the business deal, you need some level of expertise to stand above and against the competition while attempting to find buyers.

Experience is also vital during negotiations with potential buyers. This is when an experienced Fleming Island, Florida restaurant broker is recommended. A Fleming Island, Florida restaurant broker has the resources, experience and strategy needed to easily take on the task of marketing for sale your Fleming Island, Florida restaurant. Additionally, a restaurant broker will liekly help you sell faster and for more money.

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

Contact a Fleming Island, Florida Restaurant Broker

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

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

Fleming Island Zip Codes We Support: 32003, 32006, 32073