Wake North Carolina Contrato de Compra y Venta de Restaurante, incluyendo Negocio de Bar, Licencia de Licor y Bienes Raíces, con Compra para Financiar Parte del Precio de Compra - Agreement for Purchase and Sale of Restaurant including Bar Business, Liquor License and Real Estate, with Purchase to Finance Part of Purchase Price

• Category: Ventas Comerciales - Restaurantes - Convenios
• State: Multi-State
• County: Wake
• Control #: US-00651BG
• Format: Word

Description

This form involves the sale of a restaurant, including its bar business, liquor license and real estate. Seller will finance part of the purchase price by a promissory note secured by a mortgage or deed of trust and a security agreement evidenced by a UCC-1 financing statement. The Wake North Carolina Agreement for Purchase and Sale of Restaurant, including Bar Business, Liquor License, and Real Estate, with Purchase to Finance Part of Purchase Price is a legal document that outlines the terms and conditions for the sale and purchase of a restaurant business, its bar, liquor license, and associated real estate. This agreement is specifically designed for transactions taking place within Wake County, North Carolina. Key terms and provisions included in the Wake North Carolina Agreement for Purchase and Sale of Restaurant include: 1. Parties involved: The names and contact information of the buyer(s) and seller(s) must be clearly stated at the beginning of the agreement. 2. Purchase price: The total purchase price for acquiring the restaurant business, bar, liquor license, and real estate must be stated. In cases where the buyer is seeking financing for a portion of the purchase price, the specific terms and conditions for this financing should be outlined. 3. Assets included: The agreement should clearly specify all assets included in the sale, such as equipment, inventory, fixtures, furniture, and any intangible assets like trademarks or trade names. 4. Liabilities and obligations: The buyer's and seller's responsibilities for existing debts, leases, contracts, and warranties should be outlined in detail. This section ensures that all parties understand their obligations related to the business and its associated liabilities. 5. Due diligence period: The agreement may establish a specific timeframe during which the buyer can inspect the business and its financial records to ensure they are satisfied with the purchase. This period allows the buyer to identify any issues or concerns before finalizing the transaction. 6. Transfer of licenses: Since this agreement includes the transfer of a liquor license, the legal requirements for obtaining this license within Wake County must be followed. The agreement should address the transfer process and any necessary documentation required. 7. Closing process: The agreement will describe the process by which the transaction will be closed, including the date, time, and location of the closing. It should also clarify the allocation of closing costs, such as legal fees, taxes, or title insurance. It's important to note that there may be variations or additional types of agreements for the Purchase and Sale of Restaurant, including Bar Business, Liquor License, and Real Estate within Wake County, North Carolina. Additional terms or provisions may be added depending on the specific circumstances of the transaction or the preferences of the parties involved.

The Wake North Carolina Agreement for Purchase and Sale of Restaurant, including Bar Business, Liquor License, and Real Estate, with Purchase to Finance Part of Purchase Price is a legal document that outlines the terms and conditions for the sale and purchase of a restaurant business, its bar, liquor license, and associated real estate. This agreement is specifically designed for transactions taking place within Wake County, North Carolina. Key terms and provisions included in the Wake North Carolina Agreement for Purchase and Sale of Restaurant include: 1. Parties involved: The names and contact information of the buyer(s) and seller(s) must be clearly stated at the beginning of the agreement. 2. Purchase price: The total purchase price for acquiring the restaurant business, bar, liquor license, and real estate must be stated. In cases where the buyer is seeking financing for a portion of the purchase price, the specific terms and conditions for this financing should be outlined. 3. Assets included: The agreement should clearly specify all assets included in the sale, such as equipment, inventory, fixtures, furniture, and any intangible assets like trademarks or trade names. 4. Liabilities and obligations: The buyer's and seller's responsibilities for existing debts, leases, contracts, and warranties should be outlined in detail. This section ensures that all parties understand their obligations related to the business and its associated liabilities. 5. Due diligence period: The agreement may establish a specific timeframe during which the buyer can inspect the business and its financial records to ensure they are satisfied with the purchase. This period allows the buyer to identify any issues or concerns before finalizing the transaction. 6. Transfer of licenses: Since this agreement includes the transfer of a liquor license, the legal requirements for obtaining this license within Wake County must be followed. The agreement should address the transfer process and any necessary documentation required. 7. Closing process: The agreement will describe the process by which the transaction will be closed, including the date, time, and location of the closing. It should also clarify the allocation of closing costs, such as legal fees, taxes, or title insurance. It's important to note that there may be variations or additional types of agreements for the Purchase and Sale of Restaurant, including Bar Business, Liquor License, and Real Estate within Wake County, North Carolina. Additional terms or provisions may be added depending on the specific circumstances of the transaction or the preferences of the parties involved.

Para su conveniencia, debajo del texto en español le brindamos la versión completa de este formulario en inglés. For your convenience, the complete English version of this form is attached below the Spanish version.