Are You Ready to Sell Your Weston, Florida Restaurant?

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

Considering starting a new eatery, relocating, or even retiring. No matter the reason, selling a Weston, Florida restaurant can be way more challenging than you might realize. This is because it takes careful preparation and a solid strategy to successfully get out with enough money for all the sweat you’ve put into it.

Necessary Steps to Consider in Selling Your Restaurant

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

#1 Put Together any Important Paperwork

This is a necessary initial step to take when you commence the process of marketing your Weston, Florida restaurant.

The required documents may vary from state to state--even in Florida, but below is a list of a few general 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 documents
• Architectural plan
• Financial statements and other important financial documents

Corbett Restaurant Group has the expertise to assist you in the market for sale of your Weston, Florida restaurant. Call today for a no strings attached business review at (888) 266-5182.

It's probably smart not to reveal the majority of these documents to a potrntial buyer day one. But, you should have them ready because you will eventually require them during the sales process.

In addition, putting together these documents allows you to view your Weston, Florida restaurant through the lens of a buyer. This provides you a clear picture of the Weston, Florida restaurant you're offering for sale. Furthermore, it allows you to show if there are any areas you'll need to address.

#2 Get Your Financials in Order

Your financial records are an important detail of selling your Weston, Florida restaurant. This is why you should strive to make your documents complete and well organized.

Offering your financial records to possible buyers could help clear any hesitations they may have regarding your Weston, Florida restaurant.

These financial documents may include:

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

Also, make sure you have soft copies of all of the records. This could make it easier for you to transmit the documentation to potential buyers.

In addition, as the seller, you must disclose information including debts, owed taxes, deferred repairs, etc. Failure to inform a buyer regarding these items may create legal problems for you if a buyer later on discovers these ommissions post sealing the deal.

#3 Put Together the Details of Your Commercial Lease

While preparing to sell your Weston, Florida restaurant, you need to review of your commercial lease. It would be devestating if, after attracting a buyer, your lease hinders you from closing the deal.

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

#4 Have Your Restauarant Appraised

Buyers and investors could request an detailed analysis of your financial records, whether favorable or not, this will help them evaluate the true value of the Weston, Florida restaurant.

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

The average time it may take to sell a Weston, Florida restaurant is six months. Within those six months, there is a lot you can do to strengthen your profit and reduce several costs, and thus increase the value of your Weston, 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 could aid you in coming up with the overall value of your Weston, Florida restaurant. If you understand the overall value this may help you settle on a selling price.

#5 Increase Curb Appeal

The appearance of your Weston, Florida restaurant could go a long way in helping you bring potential buyers. Alternatively, if the general aesthetic of your Weston, Florida restaurant does not look good to buyers, they could pass over without a second look.

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

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

Additionally, you should make sure 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.

Faulty equipment can raise doubt about your financial situation and production capabilities. It may even dampen the mood 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 Weston, Florida restaurant.

#7 look for Weston Buyers

Looking for prospective buyers can be time-consuming and often requires specific skills and a certain level of expertise. This may require that you hire a professional Weston, Florida restaurant broker to help. A professional Weston, Florida restaurant broker will have recommendations for saving time for drawing in more prospective buyers. However, if you make the decision to handle this project alone, you will need to carry out appropriate advertising. You can show your Weston, Florida restaurant on listing websites and let your family and friends know about your plans to market for sale your Weston, Florida restaurant.

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

#8 Be Prepared

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

You will never know when a buyer could visit your Weston, Florida restaurant. Some buyers might even visit as customers just to carry out some research before contacting you.

#9 Sell Your Weston, Florida Restaurant

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

You should have your attorney’s help in creating this document. Working with an attorney is recommended to ensure the Asset Purchase Agreement covers every aspect of the deal.

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

Choosing a Weston, Florida Restaurant Broker

Although trying to sell your Weston, Florida restaurant on your own can be an exciting endeavor, it can also be quite risky, especially for first-timers.

It's true, in order for you to achieve the most out of the business transaction, you need some level of experience to stand above and against your cometitors while trying to attract buyers.

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

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

Contact a Weston, Florida Restaurant Broker

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

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

Weston Zip Codes We Support: 33326, 33327, 33331, 33332