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Making Quick Sale of Fast Food Restaurant in Markham


The city of Markham has established itself over time as the high-tech capital of Canada. Markham city has been able to attract more that 16 high-tech companies establishing it title as the top high-tech city in Canada. Other than this Markham city has been termed as the fastest growing municipality in Ontario. With a population of more than 300,000 people of diverse cultural and educational backgrounds, Markham offers a wide range of opportunities for investment in business. This city is also rich with a diverse and highly educated labor force that ensures continued growth. Markham has more than 400 headquarters of companies and industries this can be attributed to the well defined transport and communication systems.

Investing in Markham can be a very lucrative investment especially if you are looking to venture into the food industry. Selling fast food restaurants can be due to many reasons some financial and others personal but if you are going to sell your fast food restaurant you should know how to sell it right. It is crucial to note that selling a restaurant is majorly based on the asset value. Furniture, Fixtures, Equipments, licenses and permits are some of the factors you will consider while pricing your business. The other factor that may affect pricing will be location. Fair pricing always attracts hordes of potential buyers and increases possibilities for sale.

Secondly the sale of a fast food restaurant in Markham will be easier if the potential buyers see potential for profits in the near future. Having a clear and simple documentation of profit and loss statements, income statements and expenses will be very important in making quick sale. Listing down employment contracts and any outstanding liabilities will ensure that the buyers are making informed choices while purchasing. Good records can help you make quick sale at higher sale price than calculated asset value.

Everyone loves a good story, so you should not deny potential buyers the chance to hear your story. Give potential buyers a story of how you started the business, operating experience, the obstacles and reasons for making the sale. Most importantly if you have a fast food restaurant for sale in Markham, keeping your business running at peak conditions is important. Employees should be courteous and well-informed. Similarly the whole restaurant area should be appealing clear of clusters and dirt. Disgruntled employees and untidy surroundings can be an instant deal breaker with potential buyers.

If you are selling your fast food restaurant and you have a lease agreement for the premises. Check the terms and expiration date and share this information with potential buyers so that they know how to handle the lease. Last but not least, contracting a restaurant broker will go a long way in expediting sale of your business. Commercial property brokers have the experience and tact to know what will work and how to ensure it works. The will advertise on the best website to ensure your business gets maximum exposure with relevant people.

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Nav Sidhu
Homelife Maple Leaf Reality Ltd. Brokerage
Phone (905) 456-9090
Address 80 Eastern Ave Brampton
Brampton, Ontario
Canada L6W 4K6