Are You Buying or Selling a Café or Restaurant?

If you’re buying or selling a café or restaurant, you need a properly drafted business sale agreement that complies with the applicable law in your state of operation. A good business lawyer will be able to prepare or advise on a contract for the sale of your business, to ensure that business sale agreement properly sets out what is being transferred (including equipment, stock, and intellectual property rights), any conditions on the transaction, and what’s to happen with the practicalities of handing over a business in the hospitality industry, like ongoing supply contracts, employees and liquor licenses.

If you are buying or selling a restaurant or cafe business, there are many potential traps you need to be careful of. Imagine buying a restaurant, but not having the liquor license to sell the fantastic wine you bought as part of the sale. Or purchasing the café of your dreams, thinking everything was included, but later learning the kitchen equipment was leased and the lease agreement is in arrears.

Working with a good business lawyer, who is aware of these potential traps, will save you time, stress and money, allowing you to get on with what you do best.

The team at LegalVision have experience in business sale transactions across all Australian states, including the sale of franchise business. They know all about cafes and restaurants and what makes them tick. Offering flat fees and quick turnaround times, they are the perfect choice when looking for a lawyer to prepare your sale of business agreements. To get in touch, just call us on 1300 544 755 or fill out the form for an obligation-free consultation and fixed-fee quote.