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How do you open a shop?

  • I am confused about how to open a shop or even take over and existing shop. If an empty shop is advertised to let, does this mean that I only pay the rent for the shop, or does it mean that I would have to buy the lease for the shop? If a shop is an existing business and up and running, and the owner of the lease wants to sell, could he/she not just let the shop, like a sub-let? Finally, is it cheaper to rent a shop, assuming that you don't have to buy the lease, than it is to buy an existing shop/business? It seems like I could buy a lease on an existing shop for, say, £60k, and still pay rent on top of that, OR I could rent an empty shop and start from scratch. Any ideas please? Many thanks.

  • Answer:

    i would start with an empty shop so that you could do everything your own way and you wouldnt have to buy someone else's buisiness from them

David B at Yahoo! Answers Visit the source

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open the doors! now!

doitnow

Just open the door and walk in!!!! Sorry, I wanted to get the stupid answer out of the way before someone else said it.

footynutguy

An organisation I work for has 3 shop-front premises. One is rented from a commercial estate company on a 7 year contract which does not carry an automatic right to renew and is subject to rent reviews. A second is rented directly from the freeholder (a housing association) and the third is sub-let from an organisation that has a lease from the Council. Each has annual payments to make. If you are taking over an existing business then you will be charged for the stock and fittings. If empty then you will have to buy theese yourself. Check the Business Link website - I think you need some of their business planning tools/advice

Ian M

if it is to let, its just rent, you don't bu the lease he could just sub let, but maybe he doesnt want to! it depends on the size of the shop and the profitability of the business! actually opening your own shop is different in every country! tell me where you are from (and what state, if applicable) and i might be able to tell you more!

Vive l' Éire!!!

Good question. I've been toying with the idea myself but need advice. I'll read your answers and see if anyone knows. Hey you don't live near Ipswich Suffolk do you? Because I'd gladly join you. This time next year, we could be millionaires!! lol.

Jackass

With the Key !

lunaenlondon

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