November 17, 2019  
 
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Selling an Afghan Restaurant

Your Afghan 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.

Today's Afghan restaurant buyers tend to be more skeptical than most about the nation's economic outlook.
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There is no simple way to sell a business. But the most prepared Afghan restaurant sellers are achieving fair market value and more for their companies through persistence and the application of sound selling techniques.

Sale Preparation Timeframes

There are no effective shortcuts for selling an Afghan restaurant. Buyers want to see growth trends, healthy profits and other variables that increase the likelihood of long-term success. Additionally, prospective buyers usually request documentation that allows them to understand the business's daily workflows and operational strategy. Since all of this takes time and effort, a Afghan restaurant can rarely be ready for the marketplace in less than six months. A more likely scenario is that it will take more than a year to create the conditions necessary to receive the maximum sale price.

Legal Considerations

There is no way around the requirement to hire professional legal assistance when you sell your Afghan restaurant. Competent legal counsel ensures that the sale documents are in proper order. Furthermore, a good lawyers provides the counsel necessary to navigate the tax and liability issues that surround a business sale. We recommend hiring an attorney early in the process to gain insights about the legal consequences of various sale outcomes.

Dealing with Tire Kickers

If you haven't sold a business before, prepare to be overwhelmed by tire kickers -- seemingly interested buyers who lack the capacity, ability or desire to actually purchase your Afghan restaurant. As a seller, it's important to separate the tire kickers from the serious buyers as soon as possible. Each tire kicker is an investment of time and energy that could be poured into finding a more qualified prospect. If you aren't sure what to look for in a serious buyer, ask your broker for advice. Never provide detailed information about your Afghan restaurant until the prospect has been qualified as a serious buyer.

More Info on Business Transitions and Related Articles

Given your interest in exit planning and in Afghan restaurants, you might find these additional resources to be of interest.

Selling Part of a Business

Marketing an Afghan Restaurant

How Much Is My Business Worth?


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