Agreement For Purchase And Sale Of Restaurant Including Its Bar Business, Liquor License And Real Estate printable pdf download

Agreement For Purchase And Sale Of Restaurant Including Its Bar Business, Liquor License And Real Estate

Agreement for Purchase and Sale of Restaurant including its

Bar Business, Liquor License and Real Estate

Agreement made on the ___ day of __________, 20___, between _________________

of (street address, city, county, state, zip code), referred to herein as Seller, and

______________, a corporation organized and existing under the laws of the state of

______________, with its principal office located at (street address, city, county, state, zip

code), referred to herein as Purchaser.

Whereas, Seller owns certain premises located at (street address, city, county, state, zip

code), which real property is more particularly described as follows:

(legal description of real property)

Whereas, Seller also holds a valid liquor license issued by (the Department of Alcoholic

Beverage Control), License No. ___________, with respect to the restaurant, which includes a

bar, (hereinafter sometimes called Restaurant Business) conducted by him on the described

premises under the name of (name of business).

Whereas, Purchaser desires to buy from Seller, and Seller desires to sell to Purchaser, the

described Restaurant Business, real property as well as the liquor license now held by Seller,

together with the fixtures, stock-in-trade, good will and equipment subsequently set forth.

Now, therefore, for and in consideration of the mutual covenants set forth in this

Agreement, the parties agree as follows:

Purchase and Sell.

Seller shall sell to Purchaser and Purchaser shall purchase from Seller the described real

property together with the buildings and improvements erected on the property, the Restaurant

Business located on said real property, said Liquor License No. _________, the Restaurant

Business’ name and all the trade and good will of the Restaurant Business, and the stock-in-

trade, furniture, fixtures and equipment of the Restaurant Business as shown in the inventory

attached to this Agreement and marked Exhibit A.

II.

Purchase Price.

The total purchase price to be paid by Purchaser to the Seller for the liquor

business, real and personal property, and the assets and license described in this contract shall be

$_______________ . Such purchase price is allocable as follows:

 Liquor license

$_____________________

 Furniture, fixtures and equipment

$_____________________

 Liquor and related stock

$_____________________

 Real property, including building

$_____________________

 Business name and good will

$_____________________

The purchase price is payable in the following manner:

Agreement For Purchase And Sale Of Restaurant Including Its Bar Business, Liquor License And Real Estate