Pubs, bars, late night venues and restaurants are frequently churning their estates; regularly acquiring
or disposing of individual trading units or portfolios of properties.
Central to our speciality is our “one stop” service for trading asset disposals and acquisitions. Our team of commercial property lawyers is unusual in that they are also well versed in all business issues relating to acquisitions and disposals of going concerns (TOGCs) – for example, TUPE, IT/IP, contract and operational issues. This means they can handle all aspects themselves arising from such transactions, ensuring acquisition and disposal projects will be delivered on time and on budget by lawyers who understand the whole picture. By structuring our service delivery centred on one solicitor, there are also substantial cost savings to be passed on to you.
Substantial volumes of individual pub acquisitions and disposals are handled, involving TOGCs as well as alternative use disposals, conditional on matters such as planning. In addition we handle volume lettings and assignment work for many retail operations, at the same time as all forms of estate management work. This is often viewed as relentless routine work, but we view this as an essential part of our offer. Being tenacious and pushing forward all work flows to completion – with all our of our team taking full ownership – is what we have developed a reputation for. The result is to bring all matters to a satisfactory conclusion as if we were an extension of the in-house team.
Because we are fully conversant with the requirements of the Licensing and Gambling Acts, any estate management and/or acquisition or disposal issues which require knowledge of these Acts can be readily dealt with. Further expertise includes extensive experience of buying and selling distressed businesses, of group restructuring of property holdings, securing concessions for landlords and of buying and selling assets both out of adminstration and out of pre-pack administration.
Ways in which we can help…
Acquisitions, disposals and letting
Disposals of licensed premises for redevelopment and to alternative use