Sell a Business Tips
Selling a Sushi Bar
Selling a sushi bar doesn't happen overnight. It takes a deliberate process to get top dollar for your company.
Waiting for better economic times to sell your company? That's a common anthem in the small business community.
Many business owners don't know that sushi bars are still a hot commodity, to the extent that sellers have properly prepared them for the marketplace.
Equipment and Inventory Concerns
It's incumbent on buyers to commission their own appraisal of your sushi bar's inventory, equipment, and physical assets. Your appraisal should occur before you put your business on the market. A professional appraisal is a necessity because it gives you the information you need to negotiate a sale price. During your appraisal process, you should also note the condition of your assets. Cost-effective repairs can then be made before your list your sushi bar.
Brokerage Benefits
There are many reasons why hiring a broker makes sense in sushi bar sales. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. Second, a good business broker is a master at confidentiality locating sushi bar sale prospects and guiding sellers through negotiations. Typical brokerage rates (a.k.a. success fees) run 10% of the final price - an expense that is usually recouped through a higher sales price and less time on the market.
Economic Considerations
When you sell a sushi bar, there are a number of variables you need to consider. Many would-be sellers are laser-focused on economic indicators, anxiously awaiting the perfect time to list their companies. But at Gaebler, we advise our business partners to look beyond simple economic data when determining whether it's the right time to sell a sushi bar. Rather than watching the economy, we recommend watching buyers and tailoring your business to meet their investment expectations. When it comes to selling a sushi bar, successful sales sales often boil down to the business itself - not the economy.
Share this article
Additional Resources for Entrepreneurs