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Archive for 'Leases and Selling the Business' Category

Leases: A Cautionary Tale

By Hoke - Last updated: Friday, August 6, 2010

If you have decided to sell the business, why renew the lease? You have an “excellent” relationship with the Landlord. Here is a not so uncommon cautionary tale. Ready to retire, the Seller put his excellent, very profitable, key location retail business on the market. The Business was valued at about $600,000. He reasoned that […]

The Month to Month Lease can be Problematic

By Hoke - Last updated: Thursday, July 22, 2010

The value of a month to month lease depends upon the disposition of the Landlord. A Landlord who values a new long-term tenant will be pleased to issue a favorable new lease. An opportunistic Landlord may attempt to dramatically raise the rent or add tough conditions thereby reducing the sales value of the business and […]