When selling a bar/liquor store is a commission paid on personal property & liquor license?

In Selling Property - Asked by sue a. - Dec 2, 2013
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Answer(s)

Mohsen S.
Broker/Agent
Atlanta, GA

what is your listing agreement say ?
Is the sale including the Real Estate or not otherwise based on the Goodwell and may be the inventory or according to your agreement.

Dec 2, 2013
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Diego J.
Broker/Agent
Manhattan, NY

Unless it is stated in the lease that it is transferable at the time of sale.

Dec 9, 2013
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Shawn S.
Broker/Agent
Denver, CO

At Sanborn and Company, we sell bar and restaurant businesses exclusively. Of course the listing agreement spells out what the broker commission is, how its calculated and when paid, but generally speaking commission is paid on all transferred assets, tangible and intangible, except inventory. We don't take commission on the inventory because its usually a rather small amount, is paid at cost back to seller by buyer, is paid outside of closing, and is constantly changing up to the day of closing. We don't pick the seller's pocket with what amounts to very little money. Its bad business.

Feb 13, 2014
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