Documents to prepare before listing a restaurant for sale

Lease and all amendments, remaining options, last 12 months of monthly sales, equipment list, and whether the liquor license is transferable. Photos of the hood and kitchen help more than another dining room shot.

A one page rent roll style summary for a single-site restaurant is enough: base rent, NNN estimate, next bump, and assignment language. Buyers should not have to hunt that in a 40 page lease on the first call.