If you’re thinking about selling your hotel or guest house you’re at the start of what will be an intensive and emotional journey. You’ll have put your heart and soul into growing and running your business. It can be a real wrench, then, to let it go, particularly if you live on the premises.
On top of this, being faced with the mountain of legal and commercial considerations necessary to transfer ownership can be overwhelming.
Whatever your reasons for moving on – whether it be family reasons, retirement, or time to tackle a new business venture – it pays, then, to seek legal advice from a solicitor who specialises in business transfers, is familiar with the particular quirks of your industry, and can guide you through the complex sale process with the minimum amount of stress.
Truelegal: Specialist solicitors acting for Sellers of Hotels and Guest Houses
Unlike most other solicitors, we specialise solely in business transfers and the associated transfer of commercial property. And, being based in the beautiful South-West, it’s perhaps not surprising that a large proportion of our clients are involved in the hospitality industry. In particular, we’ve acted for many sellers of hotels and guest houses on our door-step, as well as further afield across England and Wales.
We are familiar with the particular challenges faced by hotel and guest house owners wishing to sell – including the complexity of transferring premises combining residential and commercial use – and will give you no-nonsense, practical advice to help ensure a trouble-free sale.
Initially, we will work with you to audit the legal and commercial health of your hotel business so that you can be confident you’re presenting it in the best possible light to maximise its value.
We will then guide you through the sales process, help ensure a smooth handover of premises, equipment and stock, goodwill, supply contracts and staff, and negotiate the raft of warranties and indemnities essential to secure a clean exit and protect you from any post-completion liabilities.
What’s more, because we know that legal costs are always a worry, once we’ve chatted through your requirements we’ll give you a fixed price quote for our work.
Make a free enquiry
The sooner we become involved in the process of helping you to sell your Hotel or Guest House the more likely it is that your sale will be successful, so please contact us today.
Our full contact details can be found on our Contact Us page.
We look forward to hearing from you.