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.
 Michael Marks, creator of Toons ‘n Tips, is a Certified Business Intermediary (CBI) and has over thirty-six years of business experience and ownership. He is a licensed real estate broker in the state of Colorado and has been selling businesses for over eighteen years. Michael has taken up cartooning as a hobby in recent years and has found that by using those skills, along with his extensive business experience, he has been able to create the Toons ‘n Tips drip marketing service for clients all over the country. Find out more about Michael at www.toonsntips.com. |