5. Market your restaurant business to prospective buyers. Tell your friends and family so they spread the word for you. Place ads online and in the newspaper announcing the sale of your restaurant.
This wealth focusing on the matters you looked at when choosing to invest in a restaraunt, such as price, location and operations.
Instructions
1. Determine the value of your business. This is based on several factors, including your restaurant's cash flow, stability of earnings and revenues, value of tangible assets, and location. Hire an experienced restaurant appraiser to help you figure out this number.
2. Set a target price that maximizes your return on investment or minimizes your losses.
3. Clean up your restaurant. Soon you will have prospective buyers coming to take a Stare at your restaurant. Make any necessary improvements, and clean up your restaurant to give it the most professional looking appearance possible.
4. Create a financial and market report for potential buyers. Use this report to convey all financial information, such as revenues, expenses, profits and information about the marketplace, such as competitors and customer demographic information. Include buyer financing options also.
When negotiating the sale of your restaraunt, come prepared with a complete financial and bazaar Announcement extremely as legal data.For restaraunt owners looking to receive gone of the dodge, there are indefinite matters that can be done create to benefit help the method of selling the restaraunt. Flourish a 6- or 12-month arrangement for the steps you path on beguiling for selling your restaraunt, and focal point on thinking close a buyer when promoting your restaraunt for sale. Post a message to all your friends on social networking sites. Search for investors online at investor pool websites like GoBIGNetwork.com. The key is to receive the word out there so potential investors come to you.
6. Negotiate the sale of your restaurant. Once you find an investor who you feel is a good candidate to purchase your restaurant business, it's time to negotiate the terms of the sale. Hire a lawyer and make sure they are present at any meetings involving negotiations. A lawyer will also help ensure you have all the proper legal paperwork in place when negotiating the sale of your business.
