Hi All,
Looking for some advice from those more experienced than myself.
I am the owner of a hair & beauty salon and I have to move to the US next year with my husbands work. Given the current market I don't think we would get anything like what we put in if we were to sell it so we are thinking of leasing out the salon.
Does anyone know anything about this? Ideally we would look for our current manager to take it on but at the moment we don't even know how to propose the idea.
Does anyone have any advice or info or could answer these questions?
-What is covered in the terms of the leasing?
-how do you figure out what to charge for the lease?
-What are the exit clauses if they wanted to opt out?
-What if they run your salon into the ground and then want out?
Look forward to hearing from you,
Ann
Looking for some advice from those more experienced than myself.
I am the owner of a hair & beauty salon and I have to move to the US next year with my husbands work. Given the current market I don't think we would get anything like what we put in if we were to sell it so we are thinking of leasing out the salon.
Does anyone know anything about this? Ideally we would look for our current manager to take it on but at the moment we don't even know how to propose the idea.
Does anyone have any advice or info or could answer these questions?
-What is covered in the terms of the leasing?
-how do you figure out what to charge for the lease?
-What are the exit clauses if they wanted to opt out?
-What if they run your salon into the ground and then want out?
Look forward to hearing from you,
Ann