Leasehold vs freehold

[shiningfaery]

Hi all,
I am doing some research for my business plan and am looking at property for my salon. I was looking at established salons for sale and there was some selling on leasehold which I know is renting and others which where freehold which I know is buying. If you have a bricks and motar salon my questions are

which did you choose and why?
Did you need to find finance to help?
How did you go about getting finance?

I like the idea of purchasing a freehold business as it makes its more mine like buying a house, but maybe I am wrong. Can anyone share their experience on this.

Thanks in advance for any help.

 

[Red Fox]

Gosh no replies. How did you get on with it all as I’m in similar position with regard to finance. I realise it’s nearly 4 years on! X

 

[Noodle]

Gosh no replies. How did you get on with it all as I’m in similar position with regard to finance. I realise it’s nearly 4 years on! X

We may never know unfortunately, as the OP has been absent since 2016.

 

[Red Fox]

Good of you to let me know thanks.