Decided to Sell Your Barnstable Town, Massachusetts Restaurant?

After years of hard work, you have made the decision sell your Barnstable Town, Massachusetts restaurant

Considering starting a different eatery, moving, or maybe slowing down. Regardless of the reason, selling a Barnstable Town, Massachusetts restaurant can be a lot more complicated than you may think. Thats because it takes careful preparation and a solid strategy to successfully get out with enough proceeds for all the time you may have put into it.

Important Steps to Consider in Selling Your Restaurant

You can either make the decision to contract with a Barnstable Town, Massachusetts restaurant broker to assist you in selling your Barnstable Town, Massachusetts restaurant or do the task on your own. If you are considering selling your Barnstable Town, Massachusetts restaurant on your own for the first time or with a restauarant broker, here are some tasks you can follow.

#1 Put Together any Necessary Documentation

This is an important initial step to make when you start the process of marketing your Barnstable Town, Massachusetts restaurant.

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

• Gather 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 has the experience to assist you in the market for sale of your Barnstable Town, Massachusetts restaurant. Call today for a no strings attached business review at (888) 266-5182.

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

Also, compiling these documents allows you to see your Barnstable Town, Massachusetts restaurant through the lens of a buyer. It gives you a clear picture of the Barnstable Town, Massachusetts restaurant you are selling. In addition, it allows you to show if there are any areas you will need to take care of.

#2 Get Your Financial Documents in Order

Your financial documents are a crucial aspect of selling your Barnstable Town, Massachusetts restaurant. That’s the reason you should make it a priority to make these documents accurate and well organized.

Offering your financial documents to possible buyers could help clear any doubt they might have regarding your Barnstable Town, Massachusetts restaurant.

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

In addition, as a seller, you have to disclose information such as debts, owed taxes, deferred repairs, etc. Failure to inform a buyer regarding these things could create legal problems for you if a buyer later discovers these ommissions after closing the deal.

#3 Organize the Information On Your Commercial Lease

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

For this reason, it is advisable to talk to your landlord regarding your plan to sell your Barnstable Town, Massachusetts restaurant and to possibly extend your lease.

#4 Get An Appraisal For Your Restaurant

Buyers and investors will often request an in-depth evaluation of your financials, whether favorable or not, this helps with estimating the value of your Barnstable Town, Massachusetts restaurant.

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

The average time it takes to sell a Barnstable Town, Massachusetts restaurant is six months. Within those six months, there is a lot you can do to strengthen your profit and cut various costs, and therefore strengthen the worth of your Barnstable Town, Massachusetts restaurant.

In addition, 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 may assist you in estimating the probable value of your Barnstable Town, Massachusetts restaurant. When you understand the overall worth this could help you determine a selling price.

#5 Increase Curb Appeal

The first impression of your Barnstable Town, Massachusetts restaurant could go a great distance in helping you bring potential buyers. Conversely, if the general curb appeal of your Barnstable Town, Massachusetts restaurant does not look good to buyers, they likely take a pass right off the bat.

To avoid this from happening, everything in and out of your Barnstable Town, Massachusetts restaurant must be cleaned and maintained. Manicured and a clean parking lot could help create curb appeal for potential buyers.

Clean windows, polished handles and a presentable floor are also simple things that can help create a great first impression.

Furthermore, you should ensure that all the equipment is in satisfactory condition. If your equipment is not working properly, it may convey the message that you're hurried to pass a bad deal to the buyer.

Faulty equipment also raises doubt about your financial capabilities and production abilities. It could even lower the excitment of your staff, which in response, negatively affect your output and effect your profit and loss statement.

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

#7 Search for Barnstable Town Buyers

Looking for potential buyers can be time-consuming and can require specific skills and a certain level of experience. This may require that you hire an experienced Barnstable Town, Massachusetts restaurant broker to help. A professional Barnstable Town, Massachusetts restaurant broker will come with recommendations for saving time for attracting more potential buyers. However, if you decide to take on this project yourself, you will need to create proper advertising. You can list your Barnstable Town, Massachusetts restaurant on business websites and tell family and friends about your plans to market for sale your Barnstable Town, Massachusetts restaurant.

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

#8 Be Ready

Regardless if you decide to sell your Barnstable Town, Massachusetts restaurant yourself, or with a a Barnstable Town, Massachusetts restaurant broker, you should always be prepared. Be prepared to show your Barnstable Town, Massachusetts restaurant to potential buyers at all times.

You'll never know when a buyer will visit your Barnstable Town, Massachusetts restaurant. Some buyers might even come in as customers in order to perform some research before contacting you.

#9 Sell Your Barnstable Town, Massachusetts Restaurant

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

You should have your attorney’s expertise in drafting this document. Working with an attorney is recommended to ensure the Asset Purchase Agreement covers every detail of the contract.

This agreement includes details including the selling price of your Barnstable Town, Massachusetts restaurant, assets and equipment and inventory value.

Choosing a Barnstable Town, Massachusetts Restaurant Broker

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

It's true, if you're looking to get the most from of the business transaction, you need some level of experience to stand above and against the competition while trying to find buyers.

Expertise is also vital during negotiations with prospective buyers. This is where an experienced Barnstable Town, Massachusetts restaurant broker is needed. A Barnstable Town, Massachusetts restaurant broker has the resources, expertise and strategy required to easily take on the task of selling your Barnstable Town, Massachusetts restaurant. Additionally, a restaurant broker can help you sell quicker and at a great price.

With the assistance of a Barnstable Town, Massachusetts restaurant broker, you can focus your undivided attention on operating your Barnstable Town, Massachusetts restaurant and rest assured with the knowledge that a professional is in charge of selling your Barnstable Town, Massachusetts restaurant.

Contact a Barnstable Town, Massachusetts Restaurant Broker

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

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

Barnstable Town Zip Codes We Support: 02601, 02630, 02632, 02634, 02635, 02636, 02637, 02647, 02648, 02655, 02668, 02672, 02673, 02675