It’s essential to start the business sale process with a clear idea of what you’re looking for in a property to ensure that your needs are met, although the level of interest between business buyers will vary based on property use.
Where one party may use business property to simply put a physical address to a name, another party may use business premises as a vehicle to attract and serve customers, such as a fish & chips shop, post office, or kennel/cattery. Buyers will search for specific building specifications as this can mean the difference between operating a successful business with scope for growth, or a shopfront that lacks ambition.
For example, a Fish & Chips takeaway will vary to a Fish & Chips restaurant as it will have less open floor space and a sub-post office property will have fewer features than a main post office, which is why every detail must be explored.
As such, if the business property falls short of your requirements, you may decide to take the capital investment required to improve the property into consideration and negotiate the sale price with the business seller.