Buying or Selling a Restaurant

  • Buying or Selling a Restaurant

Buying or Selling a Restaurant in New Jersey

Legal Counsel for the Hospitality Industry: Lakewood to Atlantic City

Owning a restaurant is often a dream fueled by passion, but the reality of the New Jersey hospitality industry is complex. With a high failure rate in the first five years, success depends on more than just a great menu—it requires a rock-solid legal foundation.

At Riviere Advocacy Group, we represent buyers and sellers throughout Ocean and Atlantic Counties, including Lakewood, Toms River, Brick, Egg Harbor Township, Atlantic City, and Galloway. We ensure your transaction is handled with the “cool and collected” precision required to protect your investment.

For Restaurant Buyers: The Due Diligence Recipe

Don’t let the excitement of a new venture blind you to hidden risks. Our legal team helps you audit the business history and operations before you make an offer:

  • Liquor License Transfers: Navigating the complex NJ municipal requirements for “Person-to-Person” and “Place-to-Place” transfers.

  • Lease Negotiations: We negotiate restaurant leases to ensure the terms, renewals, and “good guy” guarantees protect your future.

  • Bulk Sale Act Compliance: Protecting you from the seller’s unpaid state tax debts.

  • Equipment & Inventory: Verifying that all kitchen equipment is owned outright and not subject to hidden liens.

For Restaurant Sellers: Protecting Your Exit

When it’s time to sell, your goal is a clean exit with maximum value. We assist with:

  • Financial Attestation: Structuring the deal so you aren’t held liable for future performance.

  • Employee Transitions: Managing the transfer of essential staff and employment agreements.

  • Escrow Management: Ensuring funds are held correctly to cover any post-closing contingencies.

Contact our experienced NJ restaurant attorneys today to secure your hospitality transition.