Time to Sell Your Levittown, New York Restaurant?

Following years of sweat equity, you have made the decision sell your Levittown, New York restaurant

Considering starting a new eatery, moving, or maybe slowing down. Regardless of the reason, selling your Levittown, New York restaurant can be a lot more complicated than you may realize. This is because it takes careful preparation and a solid strategy to successfully exit with enough proceeds for all the labor you’ve put into it.

Necessary Actions to Consider in Selling Your Restaurant

You can either make the decision to hire a Levittown, New York restaurant broker to assist you in selling your Levittown, New York restaurant or take on the task yourself. If you are considering selling your Levittown, New York restaurant on your own for the first time or with a restauarant broker, you can expect these steps.

#1 Gather the Necessary Documentation

This is a necessary initial step to make when you start the process of marketing your Levittown, New York restaurant.

The required paperwork may vary from state to state--even in New York, but the following is a list of a few standard documents you may need to have prepared:

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

Corbett Restaurant Group has the expertise to assist you in the market for sale of your Levittown, New York restaurant. Call today for a no-obligation business review at (888) 266-5182.

It's probably smart not to show all these documents to a potrntial buyer right away. But, you may want to have them on hand because you will certainly need them during the sales process.

Also, putting together these documents lets you see your Levittown, New York restaurant through the lens of a buyer. It gives you a clear image of the Levittown, New York restaurant you're selling. In addition, it allows you to identify whether there are any areas you'll need to take care of.

#2 Get Your Financial Documents in Order

Your financial documents are an important aspect of selling your Levittown, New York restaurant. That’s why you should make it a priority to make these documents accurate and organized.

Offering your financial records to prospective buyers could help clear any doubt they may have concerning your Levittown, New York restaurant.

These 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 soft copies of all of the records. This will make it easier for you to send the documentation to potential buyers.

Also, as a seller, you must disclose information such as debts, owed taxes, planned repairs, etc. Failure to inform a buyer regarding these things can create legal problems for you if a buyer later discovers these ommissions post completing the deal.

#3 Gather the Details of Your Commercial Lease

In the process of preparing to sell your Levittown, New York restaurant, you need to understand of your commercial lease. It could be devestating if, after securing a buyer, your lease hinders you from sealing the deal.

For this reason, it may advisable to talk to your landlord concerning your plan to sell your Levittown, New York restaurant and to possibly extend your lease.

#4 Get An Appraisal For Your Restaurant

Buyers and investors will often request an in-depth analysis of your financials, whether favorable or not, this helps with estimating the value of your Levittown, New York restaurant.

This will be in your best interest to make sure that you augment sales and reduce expenses to increase your cash flow before trying to sell your Levittown, New York restaurant.

The average time it takes to sell a Levittown, New York restaurant is 6 months. Within the six months, there are several things you can do in order to strengthen your profit and reduce several costs, and thus strengthen the value of your Levittown, New York restaurant.

Also, with regards to your assets, you'll to understand the depreciation involved. Everything depreciates, so it’s best to individually estimate your assets.

This could aid you in coming up with the probable worth of your Levittown, New York restaurant. Understanding the overall value will help you determine a selling price.

#5 Make Your Restaurant Look Good

The first impression of your Levittown, New York restaurant could go a long way in helping you attract potential buyers. Alternatively, if the overall curb appeal of your Levittown, New York restaurant does not look good to buyers, they might take a pass immediately.

To avoid this from happening, all things in and out of your Levittown, New York restaurant must be clean. Manicured and a clean parking area may help create appeal for prospective buyers.

Spot-free windows, polished handles and a neat floor are also simple items that could help create a great first impression.

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

Non-functional equipment may rouse doubt about your financial capabilities and production capabilities. It could even dampen the mood of your staff, which in response, negatively affect your productivity and effect your profit and loss statement.

You should appear credible in order to build the confidence of potential buyers concerning purchasing your Levittown, New York restaurant.

#7 look for Levittown Buyers

Looking for prospective buyers can be time-consuming and can require specific skills and a certain level of expertise. This may demand that you hire a professional Levittown, New York restaurant broker to help. A professional Levittown, New York restaurant broker will offer recommendations for saving time for attracting more potential buyers. However, if you decide to handle this project alone, you will need to carry out appropriate advertising. You can show your Levittown, New York restaurant on listing websites and tell family and friends about your intentions to market for sale your Levittown, New York restaurant.

As you will likely run across competition when trying to sell your Levittown, New York restaurant, you need your restaurant to stand out.

#8 Be Prepared

Whether you decide to sell your Levittown, New York restaurant yourself, or with a a Levittown, New York restaurant broker, you need to always be ready. Be ready to show your Levittown, New York restaurant to potential buyers at all times.

You'll never know when a buyer could visit your Levittown, New York restaurant. Some buyers may even visit as customers just to perform some research before contacting you.

#9 Sell Your Levittown, New York 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 often begin with the Asset Purchase Agreement.

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

This agreement includes details such as the selling price of your Levittown, New York restaurant, assets and equipment and inventory value.

Choosing a Levittown, New York Restaurant Broker

While attempting to sell your Levittown, New York restaurant on your own can be an exhilarating project, it can also be quite risky, especially for first-timers.

It's true, in order for you to achieve the most out of the business deal, you need some level of expertise to stand out against the competition while attempting to find buyers.

Expertise is also vital during negotiations with prospective buyers. This is where an experienced Levittown, New York restaurant broker is needed. A Levittown, New York restaurant broker has the resources, expertise and strategy needed to easily take on the task of marketing for sale your Levittown, New York restaurant. Additionally, a restaurant broker will liekly help you sell faster and for more money.

With the help of a Levittown, New York restaurant broker, you can maintain your undivided attention on operating your Levittown, New York restaurant and rest easy knowing that a professional is in charge of selling your Levittown, New York restaurant.

Contact a Levittown, New York Restaurant Broker

Choosing to sell your Levittown, New York restaurant through a Levittown, New York restaurant broker has multiple advantages. First, however, you need to select the best Levittown, New York restaurant broker to assist you in selling your Levittown, New York restaurant.

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

Levittown Zip Codes We Support: 11714, 11756, 11783, 11793