Selling Your Business with Freehold Property
It’s a badge of success for a business owner to also own their business premises. When the time comes to sell your business, it’s worth considering the merits of selling the business and the property together. In this case, the whole can be greater than the sum of the parts!
A business with property included is highly attractive to certain buyers for several reasons:
- Demonstrates successful prior business performance.
- Overcomes the risk of losing tenure at the conclusion of the lease.
- Removes uncertainty of future market or end-of-lease rent increases.
- Allows more control over site usage, e.g., subletting.
- Attractive to business buyers who may not have the demonstrated experience to get lease transfer approval.
- For existing businesses in the same/similar industries, the premises can be suitable to add their operations as well, leading to reduced overheads.
MMJ is in the unique position of being a team of business sales specialists within an award-winning Commercial Real Estate agency. As a result, we can provide accurate business and commercial property appraisals and have access to an active database of potential business buyers also looking for commercial property.
We have successfully negotiated multiple businesses with freehold sales from $1m to $6m in industries as diverse as manufacturing, childcare, and supermarkets. With the demand running high for commercial property, and in particular industrial freehold opportunities, now is the perfect time to take your business and freehold property to market as a package.
If you are a business owner with freehold property keen to find out a fair market price for your assets, we can assist with a customized business and property appraisal.
