How to Sell a Restaurant Business in Ottawa
In the capital of Canada, Ottawa, the business of restaurants is considered very profitable as people prefer eating in restaurants and cafes due to their busy schedule. This ultimately increases the purchasing trend of restaurants. If you are looking to sell your restaurant business, there are a number of things that should be done in order to get the best price. Many businessmen are generally interested in owning a restaurant in Ottawa which makes the selling process easier. However, the process should be done through a proper channel. The article discusses some of the important steps in selling a restaurant business in Ottawa.
Instructions
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1
Evaluation of the business
The property is estimated on the current market value however the brand name or the business is evaluated through professional experts to find out the exact value of the complete business. While selling a restaurant business, the first step is to evaluate your business through the Business Valuators.
Some of the business valuators in Ottawa are listed below.
(a) Bateman Valuation Inc
(b) Dubroy James R Ltd
(c) Welch LLP -
2
Deciding a price to advertise
After evaluating the market value, the price of the restaurants should be decided considering the cost and equipment that will go along with the place. -
3
Advertise Online
After deciding the price, one way of selling the business is to advertise online on different social networking websites and forums.
Click here to advertise your restaurant ad on one of the best online website for Ottawa and throughout Canada. -
4
Sell through a Broker
The easiest way to sell your restaurant is through a broker. This will enable you to shift all the burden and hassle of the selling process on the shoulders of the professionals.
(a) Murphy Business Ottawa
(b) BMS Business Intermediaries
(c) Bendale Property Management -
5
Sort the best deal
After receiving the offers from the brokers or online from people interested in your restaurant, the important step is to scrutinize those options and select the best deal. -
6
Prepare Paperwork
The final step in selling a restaurant business is to prepare required paperwork to make the transaction. In order to that, the guidance from the leagal advisor will be required.
Here are two renowned legal advisors in Ottawa.
(a) Brazeau Seller LLP
(b) Morisawa De Koven
