xkayla_herex
Xamyx
So i am having abit of a dilemma at the moment, I am currently renting a beauty salon I have been here for 5 years now and was supposed to re-new my lease in April just gone.
My landlords (I have two landlords) kept putting the renewal of my lease of kept making excuses such as loosing paper work and having to start again etc. then he accidentally added me into an email where one landlord said to the other that the buyer has asked to hold fire on the completion of the lease (meaning mine)
Turns out my landlords are looking to sell- they own four shops in a row including mine and have been trying to get permission to rebuild our shops and put flats on top. Planning permission has been denied so many times they have decided to give up but are not looking to sell to me or other shop owners but someone who will buy all and is a developer (I've looked the buyer up and This man seems to work on behalf of people finding premises for them his clients are companies like sainsburys, wickes etc so my guess is maybe he's going to buy our properties and something else will be built)
I have approached a shop a few doors up from mine who own their building and are looking to sell (my landlords buyer has also been intrested in buying this but not sure if he has offered enough or she said he hasn't for back to her) I went and looked inside and it needs a lot of work it's a hairdressers so isn't set out for a beauty salon and because of the shape it's going to be difficult and exspensive to do. Also the asking price is quite expensive too as she's selling it as if she would sell it to a hairdresser so If I want it I'm going to have to buy the buiness too.
Sorry too make this topic so long but my question is what do you think I should do;
Buy the hair salon even though it will cost loads initially to do up and may not look as good as I would want it to. I have a good client base who are local so don't really want to move too far so this one is ideal location.
Or do I risk staying at mine, and hope they don't want to knock our shops down or don't get planning permission for it? Ive worked out that if the new buyer is looking to turn our shops into something else by time they get planning permission and for the actual sale to go through it will give me at least another year left at my salon so am I just to stay put see what happens and if I loose my shop and can then find somewhere else or go mobile?
What would you do I would really appriciate any advice as this is really troubling me.
My landlords (I have two landlords) kept putting the renewal of my lease of kept making excuses such as loosing paper work and having to start again etc. then he accidentally added me into an email where one landlord said to the other that the buyer has asked to hold fire on the completion of the lease (meaning mine)
Turns out my landlords are looking to sell- they own four shops in a row including mine and have been trying to get permission to rebuild our shops and put flats on top. Planning permission has been denied so many times they have decided to give up but are not looking to sell to me or other shop owners but someone who will buy all and is a developer (I've looked the buyer up and This man seems to work on behalf of people finding premises for them his clients are companies like sainsburys, wickes etc so my guess is maybe he's going to buy our properties and something else will be built)
I have approached a shop a few doors up from mine who own their building and are looking to sell (my landlords buyer has also been intrested in buying this but not sure if he has offered enough or she said he hasn't for back to her) I went and looked inside and it needs a lot of work it's a hairdressers so isn't set out for a beauty salon and because of the shape it's going to be difficult and exspensive to do. Also the asking price is quite expensive too as she's selling it as if she would sell it to a hairdresser so If I want it I'm going to have to buy the buiness too.
Sorry too make this topic so long but my question is what do you think I should do;
Buy the hair salon even though it will cost loads initially to do up and may not look as good as I would want it to. I have a good client base who are local so don't really want to move too far so this one is ideal location.
Or do I risk staying at mine, and hope they don't want to knock our shops down or don't get planning permission for it? Ive worked out that if the new buyer is looking to turn our shops into something else by time they get planning permission and for the actual sale to go through it will give me at least another year left at my salon so am I just to stay put see what happens and if I loose my shop and can then find somewhere else or go mobile?
What would you do I would really appriciate any advice as this is really troubling me.