Tip #65: Will the building lease help or hurt the sale of the business?

Tip 63 - Justifiable Price

Will the building lease help or hurt the sale of the business?

One of the big questions that is quickly asked by a buyer are the lease terms of the space that the business occupies. Buyers will look at the lease based on their future plans for the business. Can the lease be transferred to a new owner or could a new owner move out quickly if desired? Are the lease terms favorable or possibly objectionable? Business owners who may be looking to exit their business at some point, must try to anticipate the impact on prospective buyers before ever signing a new lease.