Tuesday, 8 May 2012
Leases can make or break the sale of a business!
The lease terms of the business space can be a major consideration for a buyer. For example, a retail business with a long term lease on a good location can be attractive. But a long term lease on a business needing more space to grow could be a detriment. Or there can be concerns for an expiring lease when the landlord might demand a large increase. When it comes time to negotiating a new lease, business owners must carefully think through the timing of their plans for exiting their business.
Do you have small business questions you would like answered about this article or others? Please visit www.VRWindsor.com or call 519-903-7807.William Sivell is a sales representative of VR Windsor Inc., Business Brokerage; his blog appears every Tuesday.