Stage 3: Checking the paperwork

Posted by Justin on Mar 7, 2009 in Blogs, business, buying, buying-pubs, English Pub, law, legal, legal-procedure, pub-buying, pub-sale, pub-sales, pubs, selling, solicitor | 0 comments This is where the Buyer’s solicitor can get his (or her) teeth into things: going through the lease (if the pub is leasehold) and the other title documents, checking for defects or problems, raising enquiries about any problems as well as a wide range of other enquiries about the property and the business, and reporting to the Buyer on what is found. It is important that the Buyer and the...
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Stage 2: draft contract

Posted by Justin on Feb 10, 2009 in Blogs, business, buying, buying-pubs, English Pub, legal-procedure, pub-buying, pub-sale, pub-sales, pubs, solicitor | 0 comments If the seller has prep’d his or her solicitor, so that the solicitor has the relevant title documents, getting a draft contract out to the buyer’s solicitor should not be a lengthy process or involve any delay. Selling a single pub is much like selling any other small business, except for the need to deal with the transfer of the premises licence and the fact that the inventory is...
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