Restaurant sale and purchase agreement

2 Reviews
Select support levelCompare
Recommended

Document overview

This is a comprehensive purchase and sale agreement for a restaurant business, pub or entertainment venue (such as a nightclub or comedy venue), where the business sells food and drink for consumption on premises.
Compliant
Compliant with the latest law in
  • England & Wales
  • Scotland
Document propertied
Document properties
  • Length:28 pages (4000 words)
  • Available in:
    MsWordMicrosoft Word DOCXApple pagesApple PagesRTFRTF
watertight guarantee
Backed by our watertight guarantee

If the document isn’t right for your circumstances for any reason, just tell us and we’ll refund you in full immediately.

writing in plain english
Written in plain English

We avoid legal terminology unless necessary. Plain English makes our documents easy to understand, easy to edit and more likely to be accepted.

Notes
Guidance notes included

You don’t need legal knowledge to use our documents. We explain what to edit and how in the guidance notes included at the end of the document.

email
Support from our legal team

Email us with questions about editing your document. Use our Lawyer Assist service if you’d like our legal team to check your document will do as you intend.

Update
Up to date with the latest law

Our documents comply with the latest relevant law. Our lawyers regularly review how new law affects each document in our library.

About this document

This is a sale agreement for a business that produces and serves food and beverages on premises. It is likely to be used most commonly for the sale of a restaurant business, but it could also be used for the sale and puchase of a pub, bar or entertainment venue such as a nightclub or comedy club.

Specifically, the agreement deals with:

  • business premises: whether the seller owns the freehold of the property where the business operates, or rents. This sale agreement includes provisions for the transfer of premises by sale or lease to the new owner in both cases.

  • a premises licence or a club premises certificate to serve alcohol.

  • arrangements for the transfer of staff employed in the running of the business.

  • sale of stock that is likely to include food and drink, and also commercial kitchen equipment, tableware and drinks ware.

The purchase price may be apportioned among the assets to assist in tax planning.

Use throughout the sale process

You can use this template agreement throughout the sale process: initially during negotiations to remind you what may be important to you; then as the basis of a heads of terms document that sets out the key terms; and then in full as a final sale and purchase agreement.

It is usual for the buyer to produce the sale document because that allows them to set their terms that the seller must accept. However, if the seller wants to set the initial negotiating position, they might suggest that they write the contract.

For the sale of business assets, not shares

This type of sale agreement is also known as an asset puchase agreement. That is because what is being sold are the assets of the business. If the business operates through a limited company, you might consider instead selling or buying the shares of the company. For a company sale, see our sale agreements for companies section.

Warranties

Warranties are statements as to the condition of the subject matter where the condition cannot be ascertained easily by the buyer otherwise. For example, you might have a warranty that there is currently no litigation threatened against the business.

Warranties are an important tool within a business sale because if the seller can be shown to have given a warranty that later is shown to be untrue, then they have broken the contract and the buyer can seek damages to put right what is wrong.

This template includes 73 warranties relevant to the sale of a food and beverage retail business from which you can choose which you want the seller to give. If you are the seller, you might use these to help inform what the buyer might require and choose whether you are willing to give them (or draw attention to them).

Contents

As with all Net Lawman documents, at the end of the restaurant purchase and sale agreement template we provide extensive notes, in plain English, that guide you as to how to edit it.

The contract contains the following sections:

  • Interpretation
  • Agreement for sale
  • Purchase price
  • Items to be delivered at completion
  • Completion
  • Stocks
  • Debtors
  • Creditors and liabilities
  • Value Added Tax
  • Warranties by the seller
  • Future activities
  • Guarantor
  • Communications
  • Miscellaneous matters
  • Jurisdiction

Warranties cover

  • Assets
  • Stocks
  • Accounts
  • Employees
  • Suppliers and customers
  • Licences, consents and passwords
  • Insurance
  • Joint ventures and partnerships
  • Statutory restrictions
  • Litigation
  • Seller’s activities
  • Contracts
  • Defective products and service liabilities
  • Properties
  • Leasehold properties
  • Freehold properties
  • Intellectual property
  • Internet domain names
Sample restaurant sale and purchase agreementSample page from the restaurant pub or bar sale agreement
Click to View Sample

CallTalk to us about this document

We are happy to answer any questions you have. Arrange for us to call you.

Recent reviews

Great Service
22 April 2022
The three documents (all contracts) I have downloaded have all been comprehensive yet concise, precise, and clear. Having decided to use these to save £‘000s in fees from solicitors who, no doubt, use their own templates, I’m very happy to be an advocate for Netlawman and their mission to ‘commoditise the law’. Brilliant, thank you! Oh, and the follow up service has been great too, thank you Rashid!
Simon Rushton
Great Service
11 August 2013
Service was excellent and Net Lawman email a follow up. I decided to purchase the document as there was a guarantee to refund if it wasn't suitable. It was exactly what we needed and the contents was excellent for the purpose of a Business Offer and Agreement. I would definitely recommend Net Lawman to friends because of the document quality.
Nigel Smith
Review of the Australian version

Choose the level of support you need

Document Only

Complete the document template yourself using our guidance notes
£94.80
(incl VAT)
  • ok This document
  • okDetailed guidance notes explaining how to edit each paragraph
Recommended

Lawyer Assist

Support from our legal team during and after editing
193 Reviews
£394.80
(incl VAT)
  • ok This document
  • okDetailed guidance notes explaining how to edit each paragraph
  • okUnlimited email support - ask our legal team any question related to completing the document
  • ok
    Review of your edited document by our legal team including:
    • reporting on whether your changes comply with the law
    • answering your questions about how to word a new clause or achieve an outcome
    • checking that your use of defined terms is correct and consistent
    • correcting spelling mistakes
    • reformatting the document ready to sign

Bespoke

Drafted for you, to your precise requirements
from
£1,000.00
(incl VAT)
  • okA document drawn just for you to your exact requirements
  • okPersonalised service provided by an experienced solicitor
  • okFree discussion before we provide an estimate, for you to ask questions and for us to understand your requirements
  • okTransparent fees - a fixed fee for the basic work, a fixed hourly rate for new or changed instructions, and no charge for office overheads or third party disbursements
  • okCareful and thorough consideration of your circumstances and your consequent likely practical and legal requirements
  • okProvision of options that you may not have considered with availability for discussion
  • okHelp and advice woven into the fabric of our service so that you can make the best decisions
© 2000 - 2024 Net Lawman Limited.
All rights reserved