Are You Ready to Sell Your Agawam Town, Massachusetts Restaurant?

Following years of sweat equity, you have decided to sell your Agawam Town, Massachusetts restaurant

Contemplating opening a different eatery, moving, or even slowing down. Regardless of the reason, selling your Agawam Town, Massachusetts restaurant can be a lot more complicated than you may think. This is because it takes thoughtful preparation and a solid game plan to successfully walk away with enough money for all the labor you may have put into it.

Necessary Steps to Take when Selling Your Restaurant

You can either decide to hire a eatery broker to guide you in selling your Agawam Town, Massachusetts restaurant or do the task yourself. Whether considering selling your Agawam Town, Massachusetts restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Gather the Important Documentation

This is a necessary initial step to make when you start the process of offering your Agawam Town, Massachusetts restaurant.

The required documents may vary from state to state--even in Massachusetts, but the following is a list of some general documents you may find helpful to have prepared:

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

Corbett Restaurant Group comes with experience to assist you in the market for sale of your Agawam Town, Massachusetts restaurant. Call today for a no-obligation business review at (888) 266-5182.

You certainly do not want to show all these documents to a possible buyer first day. But, you may want to have them on hand because you will eventually need them during the sales process.

Also, putting together these documents lets you see your Agawam Town, Massachusetts restaurant through the lens of a buyer. It gives you a clear picture of the Agawam Town, Massachusetts restaurant you're selling. Furthermore, it allows you to show if there are any concerns you will need to take care of.

#2 Put Your Financials in Order

Your financial records are a crucial detail of selling your Agawam Town, Massachusetts restaurant. That’s the reason you should strive to have your documents accurate and organized.

Showing your financial documents to possible buyers may help clear any hesitations they may have regarding your Agawam Town, Massachusetts restaurant.

The financial records could include:

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

In addition, make sure you have hard copies of all of these documents. This may make it easier for you to send the records to potential buyers.

In addition, as a seller, you must disclose information including debts, owed taxes, prospective repairs, etc. Failure to inform a buyer regarding these items could create legal issues for you if a buyer later discovers these liabilities post completing the deal.

#3 Put Together the Information On Your Commercial Lease

In the process of preparing to sell your Agawam Town, Massachusetts restaurant, you need to review of your commercial lease. It could be devestating if, after attracting a buyer, your lease hinders you from sealing the deal.

For this reason, it could be advisable to talk to your landlord concerning your plan to sell your Agawam Town, Massachusetts restaurant and to potentially extend your lease.

#4 Have Your Restauarant Appraised

Buyers and investors could request an detailed evaluation of your financial records, whether favorable or not, this will help them estimate the true value of the Agawam Town, Massachusetts restaurant.

It is therefore in your best interest to make sure that you increase sales and make a reduction in your expenses to build up your cash flow planning to sell your Agawam Town, Massachusetts restaurant.

The average time it may take to sell a Agawam Town, Massachusetts restaurant is six months. Within the six months, there are many things you can do in order to increase your profit and slash several costs, and therefore increase the value of your Agawam Town, Massachusetts 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 will help you in estimating the probable worth of your Agawam Town, Massachusetts restaurant. When you understand the overall value this could help you come up with a selling price.

#5 Make Your Restaurant Attractive

The appearance of your Agawam Town, Massachusetts restaurant can go a great distance in helping you bring potential buyers. Conversely, if the general aesthetic of your Agawam Town, Massachusetts restaurant does not appeal to buyers, they likely take a pass without consideration.

To avoid this from happening, all things in and out of your Agawam Town, Massachusetts restaurant must be cleaned and maintained. Manicured and a clean parking lot can help create curb appeal for prospective buyers.

Spot-free windows, polished door handles and a presentable floor are other simple items that can help create a unforgettable first impression.

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

Faulty equipment could raise doubt about your financial capabilities and output capabilities. It may even lower the morale of your employees, which in turn, negatively affect your productivity and effect your profit and loss statement.

You should look credible in order to build the confidence of prospective buyers regarding buying your Agawam Town, Massachusetts restaurant.

#7 look for Agawam Town Buyers

Searching for potential buyers can be time-consuming and often requires specific skills and a certain level of expertise. This may require that you hire a professional Agawam Town, Massachusetts restaurant broker to help. The professional Agawam Town, Massachusetts restaurant broker will have recommendations for saving time for drawing in more potential buyers. However, if you decide to take on this project yourself, you will need to create proper advertising. You can list your Agawam Town, Massachusetts restaurant on listing websites and let your family and friends know about your plans to sell your Agawam Town, Massachusetts restaurant.

As you will probably come across competition when trying to sell your Agawam Town, Massachusetts restaurant, you need your restaurant to stand out.

#8 Be Prepared

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

You never know when a buyer will visit your Agawam Town, Massachusetts restaurant. Some buyers may even visit as customers in order to carry out some research before reaching out to you.

#9 Sell Your Agawam Town, Massachusetts Restaurant

This is the remaining action to take after a successful negotiation with a buyer. This stage involves the presentation of the necessary paperwork to finalize the contract. The documentation often begin with the Asset Purchase Agreement.

You may need your attorney’s help in drafting this document. Working with an attorney is recommended to make sure the Asset Purchase Agreement covers every aspect of the transaction.

This agreement includes details such as the selling price of your Agawam Town, Massachusetts restaurant, items and equipment as well as inventory value.

Choosing a Agawam Town, Massachusetts Restaurant Broker

While attempting to sell your Agawam Town, Massachusetts restaurant on your own can be an exciting project, it can also be quite risky, especially for first-timers.

It's true, if you're looking to get the most from of the business deal, you need some level of expertise to stand above and against your cometitors while attempting to attract buyers.

Expertise is also vital during negotiations with potential buyers. This is where an experienced Agawam Town, Massachusetts restaurant broker comes in. A Agawam Town, Massachusetts restaurant broker has the resources, experience and strategy required to easily take on the task of selling your Agawam Town, Massachusetts restaurant. Additionally, a restaurant broker can help you sell quicker and for more money.

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

Contact a Agawam Town, Massachusetts Restaurant Broker

Deciding to sell your Agawam Town, Massachusetts restaurant through a Agawam Town, Massachusetts restaurant broker has many advantages. First, however, you need to select the best Agawam Town, Massachusetts restaurant broker to assist you in selling your Agawam Town, Massachusetts restaurant.

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

Agawam Town Zip Codes We Support: 01001, 01030