Retail

Retail Property to Rent

It doesn’t take a property genius to work out the high street is currently in decline but the out of town retail sheds are also taking a battering in the current tough economic climate with big retailers like Halfords and Carpetright giving severe profit warnings, so what is the outlook for potential retailers before committing to a retail property to rent?

Who will fill these A1 (the use class for high street retail)spaces?   There seems to be little shortage of A3 (restaurant and pubs) and A4 (hot food takeaway) with outlets like Subway often opening 4 -5 outlets in one medium sized city alone.   Starbucks has had to reinvent itself from the top downwards in order to stay ahead of the countless designer coffee outlets and Costa Coffee is snapping on its heels.  Have coffee houses reached saturation or is there still potential for high street low cost retail property to rent? Read the rest of this entry »

Buying a convenience store

Buying a convenience storeConvenience stores are lucrative businesses and although the market is dominated by the big boys like Co-Op, Tesco Express and Sainsburys Local, there are still plenty of independents operating under the Spar and Londis trade names.  So there are good opportunities for buying successful existing businesses in prime locations.

What should the buyer being looking for if buying a convenience store as a going concern for sale?

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Dominic Beeton, Solicitor
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