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Omid Mostafavi , OMO Homes
19 followers -
Real estate professional, buying and selling property in GTA
Real estate professional, buying and selling property in GTA

19 followers
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Are you looking to buy in Heart of North York, you want to be close to Yonge St, Close to All amenities. , best location, Call us to arrange showing this Great property today-presented by Omid MOSTAFAVI, Top producer, Award winner (2015-2018)

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Selling a restaurant, especially one currently in operation is a complex project, but preparing to sell the restaurant can be fairly straightforward for the owner. Below are five essential steps every owner needs to take before and during the sales process to ensure they get the very best price for their restaurant.

Focus on curb appeal

Before putting the restaurant on the market, make sure that anyone who passes by or walks in is impressed with the cleanliness and upkeep.

If you have any grass or landscaping elements on your property, make sure they’re trimmed and kept clean of debris. Consider filling out any flower beds or shrubbery and removing any plants that seem to be struggling.

Keep trash and debris out of sight of the entrance, and consider brightening up the entrance with appropriate decorations and perhaps a new coat of paint.

Pay special attention to your signage as well. Even if the new owners change the name and take the sign down, a clean and brightly lit sign in good repair adds to the perceived value of the restaurant they’re considering purchasing.

Organize your financials

According to professional business owners, one of the most common reasons businesses – including restaurants – fail to sell or sell for less than they’re worth is because the owners’ financial records are inaccurate, incomplete, or poorly maintained.

While you may be perfectly fine keeping track of your bills on a spreadsheet and paying your employees with cash out of the register, a prospective buyer is going to want to see detailed, confirmable figures, preferably in standardized formats like a balance sheet and/or profit and loss statement.

So, be sure to formalize your financials at least 6-9 months before putting the restaurant up for sale and be fanatical about documenting every single penny that comes in and goes out.

Keep the legalities up to snuff

Another important factor that most prospective buyers will be concerned about when considering your restaurant is the current state of the lease, the appropriate permits on the property and equipment, the liquor license (if appropriate) and the resultsmost recent health inspections.

Basically, they want to make sure that what they’re purchasing is in good working order and won’t require immediate expense when it’s time for them to reopen. Or, if spending is going to be required, they want to be able to figure the cost into the sale.

Organized records are again the key here, along with preplanning to ensure that inspections are done on a timely basis and any recertification or permit renewals are handled on schedule.

Marketing for the right buyer

Once you’re ready to put the restaurant on the market, unless you have a buyer already lined up who’s likely to follow through, your best bet is to list the restaurant through an experienced business broker. You could also use a listing service like BusinessesforSale.com, or combine the two methods.

The point is that simply handing a “for sale” sign in the window is unlikely to attract the right buyer within a reasonable amount of time. Tapping into the depth of experience and connections that a professional business broker or listing service can offer can make all the difference.

Negotiating like a pro

As is necessary for the sale of any business, selling your restaurant is going to end up with some form of negotiation. .

Your part, in this case, is providing all necessary

Ready to sell your business? You can sign up for a 20 day free trial and find out who's interested in your business here.

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نکات مهم برای خرید خانه در کاناد که خریداران و مهاجران جدید باید مطلع باشند
ده نکته برای خرید خرید خانه در تورونتو،
#خرید خانه در تورونتو

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Choose The Best Team,
Win the First Try ,
We are York Reign Experts, Aurora, Newmarket. Georgina,...
Call us for quick market evaluation
4164001239

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Sold 100% of Asking Price, Congratulation to our Clients
if you are thinking to sell just call us today and see our tremendous job

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How many properties sold in Newmarket in January 2018? Market just Started!!   Buyers are looking for new inventory please contact us if you are  thinkg to sell . 

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خانه زیبا - با قیمت مناسب قابل توجه هریداران محترم

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WHAT IS YOUR EXPECTATION TO INTRUDUCE A REAL BUYER OR SELLER TO US? WHCIH KIND OF REWARD YOU LIKE? WHAT WOULD YOU LIKE TO BE?
جایزه ما به شما بابت معرفی یک خریدار یا فروشنده واقعی ملک چیست؟ شما چه انتظاری دارید؟ برای اگاهی بیشتر لینک زیر را مطالعه کنید شاید شگفت زده شوید
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