Reports for acquirers of licensed premises
If you are acquiring a business that has the benefit of a permission to carry on licensable activities, then you need to know that once you have completed the purchase, the existing licence will enable you to trade the business the way need to, or that it will be possible to change it accordingly.
In the past, we have encountered situations where a purchaser has assumed that the licence will meet their requirements, only to find that there is an overly restrictive condition or insufficient licensing hours, or in some cases, no licence at all.
At Napthens, we work closely with our commercial property specialists to understand your requirements and to ensure that the existing permissions meet them. We will prepare a report on the licensing position to give you peace of mind, or to ensure that you are proceeding with a purchase on a fully-informed basis.