Leasing A Business: How?

Top_Banana_2

I am in the process of researching the possibility of leasing a business, such as a newsagents or convenience shop. I cannot afford to buy a business so renting seems the best option.

The question is- where can I find businesses advertised in my local area (West Midlands)? I've looked around online but no websites seem suitable.

Do such websites exist?

Thanks.

Debt_Free_Chick

Daltons Weekly is the usual place

paulwf

http://www.businessesforsale.com/ (over 1,000 newsagents currently listed)

http://www.shopproperty.co.uk/index.aspx for empty units

You also can't beat doing some legwork and walking round town, you'll soon see who the main property agents are from the boards that are up in the high st.

buyandsellabiz

Try the Daltons Business website (website of Daltons Weekly). They have around 1,300 newsagents for sale listed.

motorguy

Top_Banana wrote: »

I am in the process of researching the possibility of leasing a business, such as a newsagents or convenience shop. I cannot afford to buy a business so renting seems the best option.

The question is- where can I find businesses advertised in my local area (West Midlands)? I've looked around online but no websites seem suitable.

Do such websites exist?

Thanks.

Be very careful. Newsagents and cornershops arent the gold mine they once were. Ask yourself why there are so many for sale.

I'm not sure about leasing the business, though i know often you can lease the premises?

jexygirl

When you buy a lease, its usually for the buisness / goodwill / fixtures and fittings, that is usually what you are effectively buying. On top of that you will normally pay for stock at valuation.
You then pay rent on the "bricks and mortar" as you buy the right to operate from the premises, but still have to pay rent on it.
I also agree on them not being as popular as they once were, and the hours are usually very very long. If you are keen on a corner shop, I would probably look at one with a post office, as they bring in a definite "salary" too.
Good luck