Profitable Niche Market Exit Plans
Selling an Oriental Restaurant
Your Oriental restaurant is a tangible reminder of the passion and dedication you've invested in your entrepreneurial career. But the hard work isn't done yet. Before you can make a graceful exit, you will have to invest yourself in your business sale.
Selling an Oriental restaurant isn't as simple as listing a power tool on eBay. These days, the business-for-sale market is a hostile place for inexperienced and uninformed sellers.
There is no simple way to sell a business. But the most prepared Oriental restaurant sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.
Laying the Groundwork
In addition to improving profitability and market share, planning the sale of your business will require you to think about how you will present your company to buyers. Professional business brokers understand buyers and know how to properly communicate an Oriental restaurant to the marketplace. Specifically, brokers can advise you about the preparation of financial statements and other documents buyers expect to see in a premium Oriental restaurant opportunity.
Brokerage Benefits
A good broker can offer several benefits to business sellers. Right out of the gate, brokers know how to help their clients properly prepare their businesses for a sale. More importantly, brokers have the ability to identify serious buyers and maintain confidentiality throughout the sale process. 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.
Buyer Identification
It's difficult to predict where the buyer of your Oriental restaurant will come from. Avoid pigeon-holing your search to a single buyer category. Many sellers achieve success by listing their Oriental restaurants in multiple channels. Sellers should also recognize the value of promoting their sale in trusted business networks, carefully balancing the need for confidentiality with the promotional potential of their contact base.
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