Description
Business for sale – Restaurant complex in Sumy
Sale of an operating business in the city center. The restaurant complex has been successfully operating for 18 years. The enterprise is designed for more than 450 seats. The team consists of 30 people at the moment.
Detached two-storey building. Area: 950 m2. Electricity: 280 kW
Price: $950,000
Details can be clarified by sending a letter with questions of interest.
How to quickly sell a restaurant?
Always be ready
Whether you are hosting your restaurant yourself or with a broker, be prepared to always show your restaurant to potential buyers. Since the customer can visit you without warning, this means that the restaurant must be clean, fully stocked and well run, no matter the day or time. You never know when a customer might come in to see. I also remind my customers that any customer in a restaurant can actually be a customer who does some research before contacting you.
Once a buyer is found
At this stage, if you have found a buyer and the negotiations were successful, the last step will be the paperwork required to complete the transaction. The paperwork usually starts with an Asset Purchase Agreement. Your lawyer must prepare this document for you. All components of the sale are detailed in the Asset Purchase Agreement. Items such as the sale price, conditions, a complete list of equipment, the quantity and value of the inventory that you will have at the time of closing. Also, any contingencies associated with the transfer of the lease from your landlord and of course the deadline for closing the deal. Whether you work with a business broker or sell on your own, in all cases, I recommend that you bring in your lawyer to ensure that the Asset Purchase Agreement covers all the different aspects of the transaction.
Our services
Proriat Hospitality Partners – effective management and guarantee to restaurants’ and hotels’ profitability. Learn more about our solutions and services: www.proriat.com
Proriat Real Estate – turnkey solutions in selecting the best HoReCa premises. Commercial real estate catalog and sale of ready-made business: www.proriat-realestate.com
Proriat Franchise Development – brand development, attracting partners, franchisees, and opening new restaurants. Franchise catalog on the website: www.proriat-franchise.com
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