It would seem that in the center of Moscow there are cafes and restaurants at every step. However, according to statistics, for example, there are 7 times fewer coffee shops per Muscovite than per New Yorker. Investors are aware of this, so they willingly buy cafes and restaurants. What if you wanted to get out of this business?
Instructions
Step 1
Finding a buyer for a cafe is not a problem. It can be found both independently and through shops selling ready-made businesses. A lot of cafes are sold, so there are sites that specialize in them. But it’s not worth starting with that.
Step 2
The first step should be to contact a law firm for due diligence to assess the legal status of your cafe. For example, how is the land under your cafe decorated? It is better to clarify this and other similar points immediately, before the transaction. Cafes with legal problems are harder to sell.
Step 3
After such a check on the condition of the cafe, the law firm usually advises the owner on how to remedy legal problems. If you do this, then the cafe can be sold faster and more expensive.
Step 4
The next step is to evaluate the cafe. It is usually carried out by specialists with experience in the restaurant business, since cafes and restaurants have their own specifics. Some people mistakenly believe that a cafe is just a room with tables and equipment. In reality, when you sell a cafe, you are selling both loyal customers and suppliers, and possibly a well-located building or the right to lease that building with land.
Step 5
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 may decide that it will not be so tasty anymore, so go to look for another place for a business lunch and get-togethers with a cup of coffee.
Step 6
Most of the cafes are limited liability companies - LLC. This means that the transaction itself will be formalized as an agreement for the sale and purchase of shares in an LLC. It should be remembered that such an agreement, according to the law, must be concluded in a notarial form. Typically, a law firm is also hired to prepare and enter into such a contract.
