Brooklyn Business Purchase & Sale Lawyer

Business Purchase and Sale Attorney Serving Brooklyn, NY

Buying or selling a business in Brooklyn involves significant legal complexity, from valuation and due diligence to contract drafting and regulatory compliance. Whether you are acquiring a restaurant in Williamsburg, purchasing a retail operation in Park Slope, buying a professional practice in Downtown Brooklyn, or selling a manufacturing business in Sunset Park, the transaction requires careful legal structuring to protect your interests and minimize risk.

Our firm represents buyers and sellers of Brooklyn businesses across all industries. We handle asset purchases, stock acquisitions, due diligence, purchase agreement drafting, non-compete agreements, and closing. We also advise on the tax implications of different deal structures and coordinate with accountants and lenders to ensure a smooth transaction.

Our Lower Manhattan office is accessible from Brooklyn via the 2, 3, 4, 5, A, C, F, or R trains. Schedule a free consultation to discuss your business purchase or sale.

Business Purchase and Sale Services for Brooklyn Clients

Asset Purchases vs. Stock Acquisitions

Brooklyn buyers acquiring restaurants, retail locations, or creative businesses typically prefer asset purchases to avoid inheriting unknown liabilities from the seller's entity. In an asset purchase, the buyer acquires specific business assets such as equipment, inventory, customer lists, intellectual property, and the right to use the business name. In a stock acquisition, the buyer purchases the seller's ownership interest in the business entity itself. Each structure has different implications for liability exposure, tax treatment, and contract transferability. Our firm advises Brooklyn buyers and sellers on the structure that best serves their goals.

Due Diligence Review

Brooklyn business acquisitions require close examination of lease terms, as commercial rents in neighborhoods like Williamsburg, DUMBO, and Park Slope significantly affect profitability. We also review supplier contracts, employee obligations, and any pending litigation. Our due diligence process identifies risks before you commit to the purchase, giving you the information to negotiate price adjustments, representations and warranties, or indemnification provisions that protect your investment.

Purchase Agreement Drafting and Negotiation

Brooklyn business sales in the restaurant, retail, creative, and professional services sectors require purchase agreements that address the specific risks and conditions of the deal. Our firm drafts and negotiates purchase agreements covering purchase price and payment terms, asset allocation, representations and warranties, indemnification obligations, closing conditions, and post-closing adjustments. Every provision is tailored to the specific transaction rather than pulled from a generic template.

Business Valuation and Price Allocation

The allocation of purchase price among different asset categories affects both the buyer's depreciation deductions and the seller's tax treatment. Brooklyn business sales in the restaurant, retail, creative, and professional services sectors benefit from thoughtful price allocation that reflects actual asset values and optimizes tax outcomes. Our firm works with your accountant to structure the allocation and document it properly in the purchase agreement.

Non-Compete and Transition Agreements

In Brooklyn's competitive market, a well-drafted non-compete prevents the seller from opening a similar business in the same neighborhood and drawing away the customer base you just purchased. We also draft transition services agreements that require the seller to assist with customer introductions, vendor relationships, and operational knowledge transfer for a defined period after closing.

Regulatory Compliance and Closing

Brooklyn business sales may involve transfers of liquor licenses, food service permits, DOB permits, or professional licenses that require agency approval. We coordinate these transfers to avoid gaps in operating authority. At closing, we ensure all documents are properly executed, funds are transferred, and the buyer has clear title to the purchased assets or ownership interests.

What Brooklyn Business Buyers and Sellers Should Know

Brooklyn's business sale market is driven by the borough's rapid commercial growth and high demand for established operations in neighborhoods like Williamsburg, Park Slope, DUMBO, Bushwick, and Crown Heights. Restaurant and bar sales are particularly active, but retail, professional services, and creative businesses also change hands regularly. Buyers should understand that Brooklyn commercial leases carry significant value, and the ability to assign the lease to a new owner is often the most critical element of the deal.

Sellers of Brooklyn businesses should be prepared for buyers who conduct thorough due diligence, particularly around financial records, lease terms, and employee obligations. Incomplete or disorganized records can delay or kill a deal. Having your financials, tax returns, and contracts organized before listing the business significantly improves your negotiating position.

Brooklyn businesses that hold liquor licenses face additional complexity in a sale. The SLA transfer process takes time and requires careful documentation. Planning for this early in the transaction prevents closing delays.

Why Brooklyn Clients Choose Agarunov Law Firm

Agarunov Law Firm represents buyers and sellers of Brooklyn businesses across all industries and deal sizes.

• Experienced in asset purchases, stock acquisitions, and business sale closings
• Thorough due diligence that identifies risks before you commit to the deal
• Purchase agreements tailored to your specific transaction, not generic templates
• Accessible from Brooklyn via 2, 3, 4, 5, A, C, F, or R trains
• Licensed in both New York and New Jersey for cross-state business transactions

How Our Business Purchase and Sale Process Works

• Step 1: Consultation. We discuss your transaction goals, the target business, and the proposed deal structure. This consultation is free.
• Step 2: Letter of Intent. We draft or review the letter of intent that outlines the key deal terms, including purchase price, structure, and timeline.
• Step 3: Due Diligence. We conduct a comprehensive review of the business's financials, contracts, leases, licenses, employees, and liabilities.
• Step 4: Purchase Agreement. We draft and negotiate the purchase agreement, including representations, warranties, indemnification, non-compete provisions, and closing conditions.
• Step 5: Closing. We coordinate the closing, ensure all documents are properly executed, and confirm that funds and assets transfer cleanly to the new owner.