Right Time to Sell Your Greenacres, Florida Restaurant?

After years of hard work, you have decided to sell your Greenacres, Florida restaurant

Considering opening a new Greenacres, Florida restaurant, moving, or maybe slowing down. No matter the reason, selling a Greenacres, Florida restaurant can be a lot more complicated than you might realize. Thats because it takes careful preparation and a solid strategy to successfully get out with enough profit for all the labor you may have put into it.

Important Actions to Take when Selling Your Restaurant

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

#1 Gather the Important Paperwork

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

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

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

Corbett Restaurant Group has the expertise to help you in the sale of your Greenacres, Florida restaurant. Call today for a no-obligation consultation at (888) 266-5182.

It's probably smart not to reveal the majority of these documents to a prospective buyer first day. But, you may want to have them at hand because you will certainly need them during the sales process.

In addition, compiling these documents allows you to view your Greenacres, Florida restaurant through the lens of a buyer. This gives you a clear picture of the Greenacres, Florida restaurant you are selling. In addition, it helps you identify if there are any areas you'll have to address.

#2 Get Your Financials in Order

Your financial documents are an important aspect of selling your Greenacres, Florida restaurant. That’s why you should make it a priority to have these documents accurate and organized.

Showing your financial records to prospective buyers could help clear any hesitations they might have concerning your Greenacres, Florida restaurant.

Your financial records may 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 these records. This can make it easier for you to transmit the information to potential buyers.

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

#3 Organize the Details of Your Commercial Lease

While preparing to sell your Greenacres, Florida restaurant, you need to review of your commercial lease. It would be devestating if, after attracting a buyer, your lease ends up preventing you from sealing the deal.

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

#4 Get An Appraisal For Your Restaurant

Buyers and investors may request an detailed evaluation of your financial records, whether favorable or not, this helps with estimating the true value of your Greenacres, Florida restaurant.

This will be in your best interest to ensure that you increase sales and reduce expenses to build your cash flow before trying to sell your Greenacres, Florida restaurant.

The average time it may take to sell a Greenacres, Florida restaurant is six months. Within the six months, there are many things you can do to increase your profit and slash various costs, and thus increase the value of your Greenacres, Florida restaurant.

In addition, when it comes to your assets, you need to understand the depreciation involved. Everything depreciates, so it’s best to individually estimate your assets.

This may help you in deriving the overall worth of your Greenacres, Florida restaurant. Understanding the overall value will help you determine a selling price.

#5 Increase Curb Appeal

The first impression of your Greenacres, Florida restaurant will go a great distance in helping you attract potential buyers. Alternatively, if the overall aesthetic of your Greenacres, Florida restaurant does not look good to buyers, they might take a pass without consideration.

To prevent this from happening, everything in and out of your Greenacres, Florida restaurant must be clean. Landscaping and a clean parking lot may help create curb appeal for potential buyers.

Clean windows, polished door handles and a clean floor are also small things that can help create a great initial impression.

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

Faulty equipment can raise doubt about your financial status and production capabilities. It may even dampen the excitment of your staff, 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 potential buyers concerning purchasing your Greenacres, Florida restaurant.

#7 Search for Greenacres Buyers

Searching for prospective buyers can be time-consuming and can require specialized skills and a certain level of experience. This may demand that you hire a professional Greenacres, Florida restaurant broker to help. The professional Greenacres, Florida restaurant broker will offer recommendations for saving time for drawing in more potential buyers. However, if you make the decision to handle this project yourself, you will need to carry out appropriate advertising. You can market your Greenacres, Florida restaurant on listing websites and let your family and friends know about your intentions to sell your Greenacres, Florida restaurant.

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

#8 Be Prepared

Regardless if you decide to sell your Greenacres, Florida restaurant yourself, or through a Greenacres, Florida restaurant broker, you should always be ready. Be ready to show your Greenacres, Florida restaurant to potential buyers at all times.

You'll never know when a buyer could walk into your Greenacres, Florida restaurant. Some buyers might even come in as customers in order to carry out some research before reaching out to you.

#9 Sell Your Greenacres, 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 finalize the deal. The paperwork will usually start with the Asset Purchase Agreement.

You should have your attorney’s expertise in creating this document. Involving an attorney is recommended to make sure the Asset Purchase Agreement covers every aspect of the transaction.

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

Choosing a Greenacres, Florida Restaurant Broker

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

It's true, in order for you to achieve the most from of the business deal, you need some level of expertise to stand out against your competition while trying to attract buyers.

Experience is also vital during negotiations with potential buyers. This is where an experienced Greenacres, Florida restaurant broker is recommended. A Greenacres, Florida restaurant broker has the resources, expertise and strategy required to easily take on the task of selling your Greenacres, Florida restaurant. Additionally, a restaurant broker will liekly help you sell quicker and get you a higher sale value.

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

Contact a Greenacres, Florida Restaurant Broker

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

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

Greenacres Zip Codes We Support: 33413, 33415, 33463, 33467