What Happens to Cash When Selling a Business?  

When selling a business, the cash stays with the seller unless negotiated otherwise. Cash is not considered an asset and is considered part of the sale proceeds. This is like selling a car. You keep whatever is in the glovebox unless the buyer agrees to take it.  

Let’s say you sell your restaurant and keep the $50,000 in the business bank account. That $50k goes to you.