Selling a restaurant or a bar is a bit more complicated than selling a business in general. Commercial real estate professionals represent a wide variety of property types from office space to retail and warehouse properties, leaving the client without direction as to the nuances of restaurant needs and requirements. I SELL RESTAURANTS AND BARS.com will put together a strategy to make it through the resale efficiently and profitably.
Key elements of selling your restaurant or bar:
A well planned exit strategy.
A complete understanding of the fair market value of your business.
Prepared for sale. Taking care of unfinished business will provide a smooth transition in the sell.
Accurate and current documentation. Your business will receive more consideration by prospective buyers if tems such as financial records, an equipment list, lease agreement and service contracts are readily available and up to date.
A clean and well-maintained facility will attract potential buyers.
A trained and knowledgeable staff that will remain in place after the transition will increase the value of your business to buyers.
When selecting I SELL RESTAURANTS AND BARS.com to be your representative for the sale of your business, rest assure that I have the knowledge and expertise to coordinate a successful transaction for all parties involved. I SELL RESTAURANTS AND BARS.com utilize a full range of advertising venues to maximize exposure. A marketing package is created for each establishment we list for sale in order to have a comprehensive business profile ready to present to any prospective buyers. The most important part will be the personal attention that I will provide......leaving you free to implement plans for your future.
When is the right time to sell?
Often when you contemplate the selling of your business, you're not sure where to start or you wonder if it's the right time to
start at all. There are obvious times to sell such as profit loss, burnout, health reasons, retirement, or a desire to move on. But, sometimes the timing is right when least expect it....
Business is booming
Your reservation list is consistently filled
You have the perfect location
You are staffed with loyal employees
If this is the case....believe it or not, it may be time to SELL your business. It is more enticing for buyers to invest in an established restaurant or bar with great wait staff, a solid menu, and loyal customers already in place. A consistently busy atmosphere will make your place alluring to the buyers and they will pay TOP DOLLAR for it.
Every set of circumstances is different and personal to each individual business owner.
Whatever the reason, I SELL RESTAURANTS AND BARS.com stands ready to assist you through the process.