How to sell a cafe

Video: How to Sell a Cafe - Six Common Mistakes 2024, July

It would seem that in the center of Moscow there are cafes and restaurants at every step. However, according to statistics, for example, one Muscovite has 7 times fewer coffee houses than one New Yorker. Investors are aware of this, so they are eager to buy cafes and restaurants. What if you want to get out of this business?

Instruction manual

Finding a buyer for a cafe is not a problem. It can be found both independently and through company-shops that sell ready-made businesses. There are a lot of cafes for sale, so there are sites specializing specifically in them. But it's still not worth starting with.

The first step should be to contact a law firm to conduct a due diligence procedure to assess the legal status of your cafe. For example, how is the land framed under your cafe? This and other similar moments are best clarified immediately, before the transaction. Cafe with legal problems is more difficult to sell.

After such a check of the state of the cafe, the law firm usually gives the owner recommendations on how to resolve legal problems. If you do this, then the cafe can be sold faster and more expensive.

The next step is to evaluate the cafe. It is usually carried out by specialists with experience in the restaurant business, as cafes and restaurants have their own specifics. Some mistakenly believe that a cafe is only a room with tables and equipment. In fact, when selling a cafe, you are selling both regular customers and suppliers, and possibly a well-located building or the right to lease this building with a land plot.

When selling a cafe, you need to ensure confidentiality, since there is a risk of losing regular customers. Having learned that your cafe is for sale, they can decide that it will not be so delicious anymore, so go off to look for another place for a business lunch and gatherings for a cup of coffee.

Most cafes are limited liability companies - LLC. This means that the transaction itself will be executed as a contract of sale of shares in the LLC. It should be remembered that such a contract by law must be concluded in a notarial form. As a rule, a law firm is also hired to prepare and conclude such an agreement.