Ready to Sell Your Winter Garden, Florida Restaurant?

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

Considering starting a new eatery, moving, or even retiring. Regardless of the reason, selling your Winter Garden, Florida restaurant can be a lot more challenging than you may realize. Thats because it takes thoughtful preparation and a solid game plan to successfully get out with enough proceeds for all the labor you’ve put into it.

Necessary Actions to Take in Selling Your Restaurant

You can either make the decision to contract with a Winter Garden, Florida restaurant broker to guide you in selling your Winter Garden, Florida restaurant or take on the task on your own. If you are considering selling your Winter Garden, Florida restaurant on your own for the first time or with a restauarant broker, here are some tasks you can follow.

#1 Put Together the Important Documentation

This is an important first step to make when you begin the process of selling your Winter Garden, Florida restaurant.

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

• A list of your assets
• Lease document
• 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 comes with experience to help you in the sale of your Winter Garden, Florida restaurant. Call today for a no strings attached business review at (888) 266-5182.

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

Also, compiling these documents lets you view your Winter Garden, Florida restaurant through the lens of a buyer. This provides you a clear image of the Winter Garden, Florida restaurant you're selling. Furthermore, it helps you identify whether there are any concerns you will have to take care of.

#2 Get Your Financial Documents in Order

Your financial records are a crucial part of selling your Winter Garden, Florida restaurant. That’s why you should make it a priority to make these documents complete and well organized.

Offering your financial documents to potential buyers may help clear any doubt they may have regarding your Winter Garden, Florida restaurant.

Your financial documents may include:

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

In addition, make sure you have duplicate copies of all of these records. This may make it easier for you to send the documentation to possible 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 items may create legal problems for you if a buyer later discovers these liabilities after completing the deal.

#3 Gather the Information On Your Commercial Lease

While preparing to sell your Winter Garden, Florida restaurant, you must find out the terms of your commercial lease. It could be disappointing if, after securing a buyer, your lease ends up preventing you from sealing the deal.

For this reason, it may advisable to talk to your landlord regarding your plan to sell your Winter Garden, Florida restaurant and to possibly extend your lease.

#4 Get An Appraisal For Your Restaurant

Buyers and investors may request an in-depth evaluation of your financials, whether favorable or not, this helps with estimating the value of your Winter Garden, Florida restaurant.

This will be in your best interest to make sure that you augment sales and make a reduction in your expenses to build up your cash flow starting to sell your Winter Garden, Florida restaurant.

The average time it takes to sell a Winter Garden, Florida restaurant is six months. Within the six months, there are many things you can do to strengthen your profit and reduce various costs, and thus increase the worth of your Winter Garden, Florida restaurant.

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

This may help you in estimating the probable worth of your Winter Garden, Florida restaurant. If you understand the overall value this may help you come up with a selling price.

#5 Increase Curb Appeal

The first impression of your Winter Garden, Florida restaurant can go a great distance in helping you attract potential buyers. Alternatively, if the overall curb appeal of your Winter Garden, Florida restaurant does not look good to buyers, they likely pass over immediately.

To prevent this from happening, everything in and out of your Winter Garden, Florida restaurant must be clean. Landscaped and a clean parking lot can help create appeal for prospective buyers.

Clean windows, polished door handles and a presentable floor are also small things that would help create a memorable initial impression.

Furthermore, you should ensure all the equipment is in top condition. If your equipment is not functioning, it may send the message that you're in a hurry to pass a bad deal to the buyer.

Non-functional equipment also raises doubt about your financial status and production abilities. It could even dampen the excitment of your employees, and 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 regarding buying your Winter Garden, Florida restaurant.

#7 Search for Winter Garden Buyers

Searching for prospective buyers is time-consuming and can require specialized skills and a certain level of experience. This may demand that you hire a professional Winter Garden, Florida restaurant broker to help. A professional Winter Garden, 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 task by yourself, you will need to create appropriate advertising. You can offer your Winter Garden, Florida restaurant on listing websites and let your family and friends know about your intentions to market for sale your Winter Garden, Florida restaurant.

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

#8 Be Prepared

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

You'll never know when a buyer will visit your Winter Garden, Florida restaurant. Some buyers may even come in as customers just to perform some research before reaching out to you.

#9 Sell Your Winter Garden, Florida Restaurant

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

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

This agreement includes details such as the selling price of your Winter Garden, Florida restaurant, assets and equipment and inventory value.

Choosing a Winter Garden, Florida Restaurant Broker

Although trying to sell your Winter Garden, Florida restaurant on your own can be an exciting project, it can also be quite risky, especially for first time sellers.

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 cometitors while trying to find buyers.

Experience is also vital during negotiations with prospective buyers. This is when an experienced Winter Garden, Florida restaurant broker comes in. A Winter Garden, Florida restaurant broker has the resources, expertise and strategy required to easily take on the task of selling your Winter Garden, Florida restaurant. Additionally, a restaurant broker will liekly help you sell quicker and at a great price.

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

Contact a Winter Garden, Florida Restaurant Broker

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

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

Winter Garden Zip Codes We Support: 34777, 34778, 34787