Buying Premises

To Rent or Buy Your Property? What Small Businesses Should Consider

To Rent or Buy Your Property? What Small Businesses Should Consider

Successful businesses are often faced with the challenge of outgrowing their current premises, and needing to relocate to a larger space. One of the fundamental decisions to be made at this juncture is whether to rent or buy. Securing a property which suits the structure of the business is crucial to its future success. The nature of the business’ requirements and the local market are both factors to give regard to when deciding whether to rent or to buy. However, there are many additional issues to consider. Choosing to rent Many businesses choose to rent their commercial premises due to the fact that there are generally a far greater number of rental opportunities in the market place and a significantly lower amount of upfront capital is required. When a business rents premises, they usu... »

A Guide to Buying Business Premises

A Guide to Buying Business Premises

One of the largest investments your business is likely to make, buying premises is a huge step, but one which can carry significant advantages for the right kind of business. If you have the capital to back it up and are reasonably confident of your firm’s ongoing success, buying a premises can provide you with security of tenure, a lucrative return on your investment, unparalleled flexibility, and more. There are various aspects to consider when looking to purchase a commercial property, and this article will give you the lowdown on what to think about. We cover the advantages and drawbacks of purchasing, how to shortlist and choose the perfect building for you, how to use a chartered surveyor, and more. What are the pros and cons of buying business premises? Before you take the plunge, i... »