Sale of Restaurant’s Assets

Client: Seller
Industry: Hospitality

A beach bar with an attractive customer portfolio was selling its assets to a private limited liability company incorporated by the buyer, a so-called goodwill and inventory transaction.  In particular the transfer of the lease right, the ‘standing’ arrangements with suppliers, the responsibility for the installation and dismantling and the eventual transfer of the structures posed challenges to the parties in terms of detailing and timing.  Overseeing the procedure Nederhof worked closely together with the lawyers for both sides.