Queens Business Purchase & Sale Lawyer

Business Purchase and Sale Attorney Serving Queens, NY

Queens has one of the most active small business markets in New York City, with transactions involving restaurants, retail stores, medical practices, laundromats, gas stations, and professional service firms. Buying or selling a Queens business requires thorough due diligence, proper deal structuring, and enforceable agreements that protect both parties through closing and beyond.

Our firm represents buyers and sellers of Queens businesses in asset purchases, stock sales, due diligence reviews, purchase agreement negotiations, and closings. We advise on deal structure, liability allocation, non-compete provisions, and transition planning to ensure a clean transfer of ownership.

Our Financial District office is accessible from Queens via the 7, E, F, M, N, or R trains. Schedule a free consultation to discuss your business acquisition or sale.

Business Purchase and Sale Services for Queens Clients

Asset Purchases vs. Stock Acquisitions

Queens buyers acquiring food businesses, retail operations, or service companies generally prefer asset purchases to limit their exposure to the seller's existing debts and obligations. 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 Queens buyers and sellers on the structure that best serves their goals.

Due Diligence Review

Queens business acquisitions require careful review of lease terms, particularly in high-traffic commercial corridors in Flushing, Astoria, and Jamaica. We also examine supplier agreements, equipment condition, licensing compliance, and outstanding obligations. 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

Queens business sales involving restaurants, medical practices, retail stores, and service companies 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. Queens business sales involving restaurants, medical practices, retail stores, and service companies 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 Queens, where many businesses serve specific ethnic communities and neighborhoods, a properly scoped non-compete is essential to prevent the seller from leveraging existing relationships to compete against you. 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

Queens business sales often involve transfers of food establishment permits, liquor licenses, TLC licenses, or professional credentials. We identify required transfers early and coordinate agency filings to keep the deal on schedule. 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 Queens Business Buyers and Sellers Should Know

Queens has one of the highest concentrations of small businesses in New York City, with particularly active markets for restaurant sales, laundromat transactions, medical practice acquisitions, and retail store transfers. Many Queens businesses serve specific ethnic communities, and the customer relationships built by the seller are a significant part of the business's value. Buyers should understand that these relationships require careful transition planning to preserve after closing.

The commercial lease is often the most valuable asset in a Queens business sale, particularly along busy corridors in Flushing, Astoria, Jamaica, and Jackson Heights. Buyers need to confirm that the lease is assignable and that the landlord will consent to the transfer. Sellers should review their lease early in the process to identify any assignment restrictions or recapture provisions.

Queens businesses that import goods or serve international markets may have supplier relationships, customs arrangements, or foreign currency obligations that require specific attention during due diligence and contract negotiation.

Why Queens Clients Choose Agarunov Law Firm

Agarunov Law Firm represents buyers and sellers of Queens 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 Queens via 7, E, F, M, N, 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.