Selling Your Cafe or Restaurant

Selling Your Cafe or Restaurant BY http://benchmarkbusiness.com.au/



Business Tips – Selling Your Cafe or RestaurantWebsites are populated with food businesses these days, thatowners want to sell for a myriad of reasons. Some of them arebeing sold at a price that barely covers the fit out cost orreplacement value of the plant and equipment.If you plan for the sale of your café or restaurant, it is possible tomake a profit for the investment you have made both in cash andtime.An important part of running a business is knowing when thetime is right for a sale and what you need to have in place whenthat time is upon you.

Have A Plan To ExitIf you are thinking of selling your café or restaurant in six months, then youneed to have that plan in place prior to now. The biggest mistake people makeis with timing.You have to have an exit strategy in place prior to signing the lease. If you thinkyou can decide to sell and get it done quickly, you will not be maximising yourprice.The lease is critical in the process, the security of tenure will have a huge impacton your price and the sale-ability of your café or restaurant.For a start-up, the owner makes an investment through fit out andestablishment costs. This must be followed by a period of growth during whichthe owner can earn an income.Owners also need to remember that the incoming purchasers will want to earna return on their investment. If the lease does not allow time for them to earna return, the purchase will be unattractive to the potential purchaser.

It’s a numbers game.Finding the right balance between the purchase price, the length of lease and themultiple of annual profit is vital.If you need help with selling your café or restaurant, contact me today and let’s havea chat.Jo-Anne Wilson0403 542 [email protected] for sale quick links:Businesses for sale Gold Coast | Businesses for sale Brisbane | Businesses for saleMelbourne | Businesses for sale Adelaide | Business Brokers Brisbane | BusinessBrokers Gold Coast | Business Brokers Adelaide | Business Brokers Melbourne