Fixtures and Fittings

Fixtures and fittings must be listed. Ensure that there are no outstanding finance, hire purchase or lease deals. Hopefully, the fixtures and fittings are in a good state of repair and certain things that are essential to the business are not removed after your first visit. Frequently you visit a business for sale and see all sorts of interesting furniture, equipment etc. You then find that all the good stuff is not on the inventory. The vendor says that they were his personal belongings and that he is not selling those items. When you viewed the premises and these items were in the bars or public rooms or there was some new equipment in the kitchen, there was no mention about them not being included when you agreed a price. To remove them is sharp practice. Sadly, you are too busy to pick up on these points and your solicitor has the inventory and has no knowledge that certain items have been omitted. Make sure that you clarify anything interesting or valuable is included in the sale. If need be, photograph everything, everywhere. If you have a digital camera, the chances are the vendor will immediately tell you all the things that are not included.

Alliance Online Catering Equipment – suppliers of Pub and Bar Equipment to the UK trade.

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