Profit. Profit. Profit. That is all you are buying. When you are looking at potential shops, what you are really looking for is proof of profit. Assess its takings, verify its rent, wages and overheads and see whether you can achieve an acceptable return on investment.
The value of a retail food business is inextricably linked to its profit. Check for valuer drivers such as a long lease on good terms (remember the 6% target for rent) short trading hours, low competition and a simplicity of the business model. Be on the look out for value detractors like demolition or relocation clauses, high rents or a heavy wage book.
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You should seek legal or other professional advice before acting or relying on any of its content.