Are you interested in selling your restaurant? If so, it is vital for you to determine the value of your restaurant. Let me help you out every step of the way here at Frank Pupo - Restaurants For Sale Vancouver. http://www.vancouverrestaurantbrokerage.com
There are many restaurants for sale in Vancouver, BC. Determining the value of your restaurant will help you find a buyer and get a fair price for your establishment.
The appraisal of a restaurant's value are broken down into four primary components:
The Area – Is your restaurant getting a significant amount of foot traffic? Do you have a solid lease in place? Is the contract price cost effective and is there enough time on the lease for the buyer? This is an important area where you should be assertive. You must make certain that the lease has fair terms and is valid for the extended time.
Presentation – The presentation will always be associated with restaurants for sale. The performance of the kitchen, dining area, and outside will influence the appraisal. A rundown restaurant usually means that there is a problem with profitability. Restaurants for sale Vancouver with a rare appearance stands a greater chance of being sold.
It is also important for you to have a professional website for your restaurant. This will be one less thing the new owner has to be concerned about. An active Facebook presence will leave a deep impression on prospective buyers. If your Facebook page has only two hundred likes, it will create serious concerns within the mind of potential customers.
Financials – This can be a complicated situation if you have two sets of books. If the purchaser is getting financing for the deal, the appraisal will lower because the revenue and profit reported to the ATO will be lower. This is the main reason why seasoned restaurant buyers verify figures and ask for a two-week trial. These two measures help them check the actual state of the business.
Management – Restaurants for sale with established management will have more value because the buyer is getting an asset that is generating revenue. People typically show less interest in restaurants without management because they pose a greater challenge. The prospective buyer is not interested in inheriting a headache.
Frank Pupo - Remax Central Realty
#1 - 5050 Kingsway
Burnaby, BC V5H 4C2
Call Me Anytime!
Cell #: (604) 803-1559
Office #: (604) 433-2211
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Vancouver Restaurant Brokerage
Restaurant Brokers Vancouver
Vancouver Restaurant Broker
Restaurants For Sale Vancouver BC
Vancouver Restaurants For Sale
