Restaurant sale purchase agreement

Restaurant, pub or entertainment sale and purchase document a modern and full version with warranty menu of 120 items, includes leasehold transfer and freehold agreement for sale.
Suitable for use in: England & Wales and Scotland
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  • Plain English makes editing easy
  • Guidance notes included
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About this document

This is a comprehensive agreement for the sale or purchase of a pub, restaurant or an entertainment business by an individual, a company or any other organisation.

Note: not suitable for sale of shares in a company. For a company sale, see our sale agreements for companies section.

This document is very comprehensive. Before you select it, you might consider the alternative versions, already tailored to the most common business uses. You might also like to read about the legal aspects of selling your business.

It is usual for the buyer to produce the sale document but there is no reason why the seller should not obtain an advantage by providing the first draft.

Warranties have been used only so far as appropriate to the sale or purchase of a pub, restaurant, or an entertainment business. The drafting notes contain a thorough explanation of how warranties work.

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

As a buyer, you will probably also be buying the property or at least taking over a lease. Many of these agreements include a transfer of a lease and / or an agreement to buy a freehold.

To complete the freehold transfer, you will need to draw a Land Registry transfer form and pay a fee. The solicitors’ monopoly prevents us from helping with this, but a solicitor should charge very little because most of the work has already been done.

We give you more information about these procedures in the drafting notes that come with each document.

Contents

  • Interpretation
  • Agreement for Sale
  • The Purchase Price
  • Items to be delivered at completion
  • Completion
  • Stocks
  • Debtors
  • Creditors and Liabilities
  • Value Added Tax
  • Warranties by the Seller
  • Future Activities
  • The Guarantor
  • Communications
  • Miscellaneous Matters
  • Jurisdiction

Warranties covering

  • 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
Draftsman

This document was written by a solicitor for Net Lawman. It complies with current English law.

 
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