Selling Your Restaurant Just Like a Broker
As exciting as it may be to sell your restaurant in VIC, NSW, QLD, SA, NT, TAS, WA or ACT and embark on a new venture in life, it can sometimes be difficult to let go and move on from the things you spent so much time and effort on. It is always recommended that you work with your Accountant, even prior to the actual sale of your business, to know what your responsibilities and obligations will be.
With a little motivation and some more information, selling a restaurant in anywhere Australia will be a piece of cake for you. Just remember that there are many ways to go about advertising your restaurant for sale, whether it be listing your business through a broker or selling it yourself with the help of No Agent Business.

Fresh new style
Firstly, regardless of what you are advertising, the same rules always apply when it comes to the presentation and the quality of your product. In this case, if you’re planning on selling your business, you must first make sure that it is in the best condition possible. It’s worth spending the time, as even a little rearranging and dusting up around the place can really bring the restaurant to the next level. However, it is also important to realise that while the presentation and wow factor may first draw in potential buyers, it isn’t enough to secure a sale. To keep your buyers interested, your restaurant must be impressive in its establishment, organisation, and financial success. Be prepared to show interested buyers some figures, such as your financial sheets and number of sales, to convince them that your restaurant is what they’re after.

Value your restaurant and set a price
It is important to know the ins and outs of your business; all the benefits, as well as disadvantages of the restaurant, from location to any potential liabilities. Make sure you know what makes your business tick, but also what makes your restaurant special and different from the rest. Knowing this will give you an idea of the value of your business. In order to set a price for your restaurant, there are a few ways you can value it: Consult with your accountant Organise a professional valuation (this can sometimes be costly) Discuss the possible price with a marketing company with experience, such as No Agent Business Setting a price is a crucial aspect when selling your restaurant, as you want to do justice to your business by not setting a price that is too low, while making sure that the price isn’t so high that it won’t sell. Like all aspects in life, balance is imperative for success. It is estimated that you will sell your business for approximately 1 to 3 times the amount of your net profit. Factors that may also impact this price are: Location Competition How well established the restaurant is How many days and hours your restaurant is active Repeat business Online Exposure Delivery options (the restaurant’s relationship with Menulog, Uber Eats or other…)
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commission saved in 12 months

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20318
sold since 99
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