Purchase Iconic Restaurant, Nantucket, MA

Murphy PC represented the purchaser of an iconic restaurant in the historic district in Nantucket.  We negotiated and documented the letter of intent, asset purchase agreement and related transaction documents, an assignment, amendment and consent between purchaser, seller and landlord, the intellectual property transfer agreement, including the name, trademark, and menu, and closing documents.

We addressed early access, guaranty indemnification, lien release and closing issues between the purchaser, seller and landlord, and liquor license transfer issues between seller and the liquor licensing board.  We worked with the seller’s counsel, landlord’s counsel, and local licensing counsel to successfully complete this transaction.

Our client is an experienced restaurateur operating several taverns and fine dining restaurants in Massachusetts.

Murphy PC is a business law firm based in Boston, Massachusetts providing legal services to a diverse client base throughout the region. We represent individuals and all forms of business entities in a variety of industries, including residential and commercial real estate, and hospitality and retail services, in transactions, including project development, acquisitions and sales, joint ventures, financing, leasing, design and construction, and title and escrow services.