Sale & Purchase of Businesses
We regularly deal with the Sales and Purchases of the following types of business:
- Restaurants
- Public Houses and other licensed premises
- Hotels
- Off Licences
- Post Offices
- Motor Trades
- Leisure
- Retail
- Health & beauty
- Industrial premises
- Plant Hire
Most business ventures involve property in some form, be it a freehold property or leasehold premises from which the business is conducted. The premises can often be the major asset of a business, or merely the place from which profitable trading takes place. We have considerable expertise in dealing with commercial property.
The terms of a sale or purchase of a business must be clearly defined in the agreement for sale which will normally include warranties by the present owner or restrictions on their future right to compete with the buyer.
It is essential that all property assets and potential issues with regard to Employees, VAT, Stamp Duty Land Tax etc are dealt with before agreements can be exchanged. It is also important that any potential property liability issues are considered such as Asbestos, Fire Safety and Disability Discrimination.
We are able to advise you on the above matters. This ensures that whether as seller or buyer you are aware of your potential future liabilities and obligations which may not be apparent from the nature of the actual business being transferred. Only with full knowledge can you make an informed decision on the proposed transaction.
We take a practical and commercial approach aimed at helping you to complete your transaction promptly on a value for money basis.
For more information on the Sale and Purchase of Businesses contact Rowlinsons Solicitors on 01928 735 333.
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