Exit Planning Strategies
Selling a Vietnamese Restaurant
For the right sellers, the business-for-sale marketplace is a friendly environment for Vietnamese restaurant opportunities. There aren't any guarantees, but if you adhere to fundamental business sale concepts, you can likely get a good price for your business.
Market timing is a perennial problem for business sellers.
Are you friend or pho? Sorry for the bad Vietnamese food pun! But, seriously, we are here to help you learn about opening a Vietnamese restaurant. What questions do you have?
If you're ready to move on, now is the right time to sell your Vietnamese restaurant.
Broker vs. No Broker
When selling a Vietnamese restaurant, you have two choices: Hire a broker to facilitate the sale or perform the sale unassisted. Is there a cost associated with hiring a broker? Sure - about 10% of the final sale prices. But a good broker will make selling your Vietnamese restaurant much less painful. A highly skilled broker can compensate for his commission by selling your business for a significantly higher price than you could achieve on your own. But whether you use a broker or not, you may want to list your Vietnamese restaurant on BizBuySell.com and other popular online business-for-sale listing sites.
Economic Considerations
When you sell a Vietnamese restaurant, there are a number of variables you need to consider. Interest rates, spending, inflation, and other variables directly influence how long your Vietnamese restaurant will be on the market as well as its sales price. The truth is that perfect market conditions may never materialize. A much better approach is to focus on the factors that always attract buyers and investors. When it comes to selling a Vietnamese restaurant, successful sales sales often boil down to the business itself - not the economy.
Identifying Serious Buyers
Unfortunately, many of the prospects you will encounter aren't serious buyers. Selling a business is hard enough. You can't afford to waste time on prospects that have no chance of turning their interest into an actual purchase. If you aren't sure what to look for in a serious buyer, ask your broker for advice. It's likely that non-serious buyers will want to know everything about your Vietnamese restaurant during their initial inquires. Avoid releasing details about your Vietnamese restaurant until you have established that they have the financial capacity to make a legitimate offer.
Share this article
Additional Resources for Entrepreneurs