Q: What can I do to help sell my restaurant?
A: You can cooperate fully with us and with any other professionals involved in the transaction. A buyer will want up-to-date financial information; you or your accountant must make current information available. If you decide to use your own attorney for the closing, be sure the firm is familiar with the business closing process, understands the real estate laws in your state, and can participate in the closing on short notice.
Generally, you and the buyer will want to close the sale quickly, usually within a few weeks, unless there is a delay in obtaining an alcohol or other license. You want to avoid closing delays, especially those caused by an attorney’s failure to prepare closing documents or inability to attend the closing.
The common goal of everyone involved in selling your business should be to get the best price and terms available in the marketplace and to close the sale as quickly as possible. That’s certainly our goal. We work for you, and we need your cooperation to handle your business interests in the most efficient and effective way possible.
We hope these answers have helped you. If you have additional questions, please call one of our offices for answers.