Ensuring Buyers are Qualified
The first choice in the process of dealing with prospective buyers for your restaurant involves screening inquiries from individuals who respond to your restaurant-for-sale ads. Be ready: Many sale consultants will tell you that nine out of ten individuals who respond to sale advertisements will never make a buy. They will also tell you that many people who do respond simply do not have the qualifications or capabilities to purchase the restaurant being offered.
- Some are tire-kickers who are simply interested in what kinds of opportunities are available.
- Some are competitions masquerading as buyers in order to collect intelligence.
- Some are what those in the industry call “sharks” that are looking for sellers who look too concerned to sell and that may be prepared to accept rock-bottom prices.
- Your broker’s job is to separate the powerful bets from all of the others.
Many sale consultants will tell you that nine out of ten individuals who respond to sale advertisements will never make a buy.
If a legitimate purchaser expresses an interest, we have the potential buyer complete our electronic non-disclosure agreement (NDA) online. The following are advantages of ensuring buyer inquiries are screened by us for you:
- The non-disclosure agreement provides the following information on each buyer: Buyer’s name, contact number, confirmed email address, complete address, quantity of liquid cash available to invest and net worth.
- Minimize potential litigation: The non-disclosure agreement contains a clause that you haven’t independently audited or verified the information that you’re providing to the purchaser.
- Focus on running your restaurant: Weeding out unqualified buyers permits you to focus on running your company, which will ultimately help optimize your selling price.
- Professional and confidential approach: Our consistent and professional strategy often makes buyers feel more comfortable and might result in a quicker sale.
After the buyer has been prescreened, they receive the Business Summary, which is an specially tailored advertising package based on your restaurant. If they’re considering reviewing your Company Summary, buyers then schedule a meeting with you to further discuss your restaurant.
The process for every business is unique. To acquire a personalized proposal please get in touch with us today.
