Sale, Purchase Or Lease Of Licensed Premises

The sale, purchase or lease of any licensed premises raises a number of issues which must be carefully considered in the transaction so as to protect your interests and investment. 

These include:

• Transfer of liquor licenses

• Determining which party holds the gaming machine rights where there is a sale of a hotel

• Special conditions relevant to contracts for sale

• Options

• The value of the business and liquor license

• Compliance issues

• Whether a mortgagee needs to be taken into account and if so what consents are necessary

• Impact of lease clauses