Leases can make or break the sale of a business!
The lease terms of the business space can be a major consideration for a buyer. For example, a retail business with a long term lease on a good location can be attractive.
But a long term lease on a business needing more space to grow could be a detriment. Or there can be concerns for an expiring lease when the landlord might demand a large increase.
When it comes time to negotiating a new lease, business owners must carefully think through the timing of their plans for exiting their business.