Time to Sell Your Braintree, Massachusetts Restaurant?

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

Contemplating starting a different Braintree, Massachusetts restaurant, relocating, or even slowing down. No matter the reason, selling a Braintree, Massachusetts restaurant can be way more difficult than you may realize. This is because it takes thoughtful preparation and a solid strategy to successfully get out with enough proceeds for all the sweat you’ve put into it.

Necessary Steps to Consider in Selling Your Restaurant

You can either decide to hire a Braintree, Massachusetts restaurant broker to help you in selling your Braintree, Massachusetts restaurant or do the task on your own. Whether considering selling your Braintree, Massachusetts restaurant on your own for the first time or with a restauarant broker, here are some steps you can expect.

#1 Put Together all Important Paperwork

This is an important initial step to take when you commence the process of offering your Braintree, Massachusetts restaurant.

The required documents may vary from state to state--even in Massachusetts, but below is a list of a few generalized 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 drawings
• Financial statements and other important financial documents

Corbett Restaurant Group comes with expertise to assist you in the sale of your Braintree, Massachusetts restaurant. Call today for a no strings attached consultation at (888) 266-5182.

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

Also, compiling these documents allows you to see your Braintree, Massachusetts restaurant through the lens of a buyer. This provides you a clear picture of the Braintree, Massachusetts restaurant you're selling. Furthermore, it allows you to show if there are any areas you'll have to address.

#2 Put Your Financials in Order

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

Showing your financial records to possible buyers may help clear any doubt they may have concerning your Braintree, Massachusetts restaurant.

These financial records can include:

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

Also, make sure you have duplicate copies of all of these records. This can make it easier for you to send the information to possible buyers.

In addition, as the seller, you have to disclose information including debts, owed taxes, expected repairs, etc. Failure to inform a buyer about these things could create legal issues for you if a buyer later on discovers these ommissions post signing the deal.

#3 Organize the Details of Your Commercial Lease

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

For this reason, it may advisable to talk to your landlord regarding your plan to sell your Braintree, Massachusetts restaurant and to potentially extend your lease.

#4 Appraise Your Restaurant

Buyers and investors will most likely request an detailed evaluation of your financials, whether favorable or not, this will help them evaluate the true value of your Braintree, Massachusetts restaurant.

This will be in your best interest to make sure that you augment sales and make a reduction in your expenses to build your cash flow planning to sell your Braintree, Massachusetts restaurant.

The average time it may take to sell a Braintree, Massachusetts restaurant is 6 months. Within those six months, there is a lot you can do to strengthen your profit and cut several costs, and therefore increase the worth of your Braintree, Massachusetts restaurant.

Also, 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 will assist you in estimating the overall value of your Braintree, Massachusetts restaurant. Understanding the overall value will help you come up with a selling price.

#5 Make Your Restaurant Look Better

The first impression of your Braintree, Massachusetts restaurant can go a long way in helping you attract potential buyers. Alternatively, if the general aesthetic of your Braintree, Massachusetts restaurant does not appeal to buyers, they could take a pass without consideration.

To prevent this from happening, everything in and out of your Braintree, Massachusetts restaurant must be clean. Landscaping and a clean parking area can help create curb appeal for prospective buyers.

Spot-free windows, polished door handles and a clean floor are other simple items that would help create a memorable first impression.

Additionally, you should ensure that all your equipment is in satisfactory condition. If your equipment is not functioning, it might send the message that you are in a hurry to pass a bad deal to the buyer.

Non-functional equipment may rouse doubt about your financial status and production abilities. It could even dampen the morale of your employees, which in turn, 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 Braintree, Massachusetts restaurant.

#7 look for Braintree Buyers

Marketing to prospective buyers can be time-consuming and often requires specialized skills and a certain level of expertise. This may demand that you hire an experienced Braintree, Massachusetts restaurant broker to help. The professional Braintree, Massachusetts restaurant broker will have recommendations for saving time & money for attracting more potential buyers. However, if you make the decision to take on this task yourself, you will need to carry out appropriate advertising. You can offer your Braintree, Massachusetts restaurant on business websites and tell family and friends about your intentions to market for sale your Braintree, Massachusetts restaurant.

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

#8 Be Ready

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

You will never know when a buyer could visit your Braintree, Massachusetts restaurant. Some buyers might even come in as customers just to perform some research before contacting you.

#9 Sell Your Braintree, Massachusetts Restaurant

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

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

This agreement includes details such as the selling price of your Braintree, Massachusetts restaurant, assets and equipment and inventory value.

Choosing a Braintree, Massachusetts Restaurant Broker

Although attempting to sell your Braintree, Massachusetts restaurant on your own can be an exhilarating endeavor, it can also be very 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 experience to stand out against the competition while attempting to attract buyers.

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

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

Contact a Braintree, Massachusetts Restaurant Broker

Deciding to sell your Braintree, Massachusetts restaurant through a Braintree, Massachusetts restaurant broker has several advantages. First, however, you need to select the best Braintree, Massachusetts restaurant broker to help you in selling your Braintree, Massachusetts restaurant.

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

Braintree Zip Codes We Support: 02184, 02185