Buying a Pub, Restaurant or Licensed Property,
Takeover Day Check List.
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This Checklist covers a large area of Taking over a Business. As no two situations are the same, only the basic position is outlined. The answers do not provide a complete or authoritative statement of the law, nor do they constitute legal advice by the author. The information provided is only a snapshot: it does not create a contractual relationship nor does it form part of any other advice, whether paid or free.
This Check List is made on the assumption that anyone taking a freehold, lease or a tenancy will have been fully briefed by their Solicitor on their responsibilities within the constraints of the lease and the lists are for guidance and assistance in the taking over of a normal licensed or catering business, it is also useful Guide for taking over any small Business.
The requirements of taking over a Licensed Business are considerably more than an average Business, like a Retail Shop or small Trading Business, the information may appear excessive, but as a Check List it is invaluable, the exceptions are very specialised Businesses where the specialist requirements may or will not be covered.
In addition always use a Lawyer specialising in Commercial Property, it can be a minefield. Click on MORE for the latest version.
Allergens have been identified as a potential catering problem Read More
Scores on the Doors an essential for all businesses involving Food Hygiene, Read More
Energy Performance Certificates and M.E.E.S.
Credit and cash Flow More
FAQ’s on running a Business More
Questions you need to ask the Landlord, they also cover Tied Leases More
Note:- Everyone buying a commercial property, especially a lease should have a Schedule of Condition, to validate the state of condition PRIOR to the handover date. If there are outstanding wants of repair or decoration, then either the Landlord or the previous Lessee is responsible, if it is left until a later date, no action can be taken without documentary proof agreed with the Landlord or his Agent.
We have not listed disabled facilities, but it may arise in certain circumstances, they should have been covered in the survey or legal enquiries.
If you find anything that you consider should also be listed, please email us at email@example.com ,we appreciate your input, if it will help others.
The views expressed are not necessarily the editors and www.buyingapub.com accepts no responsibility for them, we do try to avoid offensive or litigious statements being made. They are written by concerned professionals in the industry who feel that these issues should be raised to ensure that all licensees are made fully aware of many hidden pitfalls.
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