Right Time to Sell Your Weymouth Town, Massachusetts Restaurant?

Following years of sweat equity, you have made the decision sell your Weymouth Town, Massachusetts restaurant

Contemplating starting a new Weymouth Town, Massachusetts restaurant, relocating, or maybe retiring. No matter the reason, selling your Weymouth Town, Massachusetts restaurant can be a lot more complicated than you might think. Thats because it takes careful preparation and a solid game plan to successfully get out with enough money for all the labor you may have put into it.

Important Actions to Take when Selling Your Restaurant

You may either think to hire a Weymouth Town, Massachusetts restaurant broker to guide you in selling your Weymouth Town, Massachusetts restaurant or do the task yourself. If you are considering selling your Weymouth Town, Massachusetts restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Gather all Important Documentation

This is an important initial step to make when you commence the process of offering your Weymouth Town, Massachusetts restaurant.

The required documents may vary from state to state--even in Massachusetts, but the following is a list of a few standard documents you may be requierd to have at hand:

• A list of your assets
• Lease contract
• 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 Weymouth Town, Massachusetts restaurant. Call today for a no-obligation consultation at (888) 266-5182.

It's probably smart not to reveal all these documents to a prospective buyer day one. However, you may want to have them on hand because you will eventually require them during the sales process.

In addition, compiling these documents allows you to view your Weymouth Town, Massachusetts restaurant through the lens of a buyer. This gives you a clear picture of the Weymouth Town, Massachusetts restaurant you are selling. In addition, it allows you to identify whether there are any loopholes you will need to address.

#2 Put Your Financial Records in Order

Your financial records are an important aspect of selling your Weymouth Town, Massachusetts restaurant. This is why you should strive to make these documents accurate and well organized.

Offering your financial records to potential buyers may aid clear any doubt they might have regarding your Weymouth Town, Massachusetts restaurant.

These financial records can include:

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

Also, ensure you have duplicate copies of all of the documents. This can make it easier for you to transmit the records to prospective buyers.

Likewise, as the seller, you have to disclose information including debts, owed taxes, deferred repairs, etc. Failure to inform a buyer regarding these things may create legal issues for you if a buyer later on discovers these liabilities post closing the deal.

#3 Gather the Information On Your Commercial Lease

While preparing to sell your Weymouth Town, Massachusetts restaurant, you must find out the terms of your commercial lease. It could be disappointing if, after attracting a buyer, your lease hinders you from sealing the deal.

For this reason, it may advisable to have a discussion with your landlord regarding your plan to sell your Weymouth Town, Massachusetts restaurant and to possibly 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 value of your Weymouth Town, Massachusetts restaurant.

This will be in your best interest to ensure that you increase sales and reduce expenses to build your cash flow starting to sell your Weymouth Town, Massachusetts restaurant.

The average time it takes to sell a Weymouth Town, Massachusetts restaurant is 6 months. Within the six months, there are many things you can do to increase your profit and reduce various costs, and thus increase the worth of your Weymouth Town, Massachusetts restaurant.

Also, 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 assist you in deriving the overall value of your Weymouth Town, Massachusetts restaurant. When you understand the overall value this could help you determine a selling price.

#5 Make Your Restaurant Look Good

The first impression of your Weymouth Town, Massachusetts restaurant could go a long way in helping you attract potential buyers. Conversely, if the overall curb appeal of your Weymouth Town, Massachusetts restaurant does not appeal to buyers, they might take a pass without a second look.

To avoid this from happening, all things in and out of your Weymouth Town, Massachusetts restaurant must be clean. Landscaped and a clean parking area could help create curb appeal for potential buyers.

Spot-free windows, polished door handles and a clean floor are other simple things that could help create a great initial impression.

Additionally, you should ensure all your equipment is in satisfactory condition. If your equipment is not functioning, it may convey 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 can even dampen the mood of your staff, which in response, negatively affect your productivity and effect your profit and loss statement.

You should look credible in order to build the confidence of potential buyers concerning buying your Weymouth Town, Massachusetts restaurant.

#7 Search for Weymouth Town Buyers

Looking for potential buyers is time-consuming and often requires specific skills and a certain level of experience. This may demand that you hire an experienced Weymouth Town, Massachusetts restaurant broker to help. A professional Weymouth Town, Massachusetts restaurant broker will offer recommendations for saving time for drawing in more prospective buyers. However, if you decide to handle this task by yourself, you will need to create proper advertising. You can offer your Weymouth Town, Massachusetts restaurant on listing websites and let your family and friends know about your intentions to sell your Weymouth Town, Massachusetts restaurant.

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

#8 Be Ready

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

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

#9 Sell Your Weymouth Town, Massachusetts Restaurant

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

You may need your attorney’s assistance in drafting this document. Involving an attorney is recommended to make sure the Asset Purchase Agreement covers every aspect of the contract.

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

Choosing a Weymouth Town, Massachusetts Restaurant Broker

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

It's true, in order for you to achieve the most from of the business transaction, you need a higher level of expertise in order to stand above and against your competition while trying to attract buyers.

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

With the help of a Weymouth Town, Massachusetts restaurant broker, you can focus your undivided attention on operating your Weymouth Town, Massachusetts restaurant and rest easy knowing that a professional is in charge of selling your Weymouth Town, Massachusetts restaurant.

Contact a Weymouth Town, Massachusetts Restaurant Broker

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

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

Weymouth Town Zip Codes We Support: 02188, 02189, 02190, 02191