BusinessesForSale.com has helped sellers find suitable buyers for over two decades, and our case studies seek to narrate those valuable experiences.
This case study, however, takes a unique turn. Oliver is the owner of a premises located in Fulham, which offers a configured building best suited for beauty and health services.
Over the years, it has seen a succession of different tenants running Thai massage businesses.
Oliver explains that his experience is not a typical scenario of advertising a business for sale and exiting it. He is rather the possessor of a unit that searches for new tenants.
“The shop is set up with six treatment rooms. Using a standard retail agent, you’d likely receive enquiries from someone who wants to build a restaurant, hardware store, or café”.
The building’s tall ceilings, exposed brick walls and tranquil atmosphere is congruous with the health and beauty industry, and Oliver explains that he wants the premises to continue representing this market.
“On BusinessesForSale.com, you can advertise that it is a health and beauty business, or a massage business, and target that specific market of buyers or tenants. That means I get enquiries from people who are interested in the way the space is configured”.
Finding a tenant for a premises can be a strenuous task, especially if you’re looking for someone who will preserve the established structure and operations.
It is not a risk-free pursuit. Tenants may not fulfil an agreement, or they may not be the right fit. Having a flexible approach to renting out a location requires resources to effectively manage these risks, and Oliver found BusinessesForSale.com a worthwhile platform to do this.
“I found BusinessesForSale.com much more useful in finding tenants, in comparison to retail property agents. I’ve had traditional ‘for sale’ boards outside the shop before, and on each occasion, I’ve sold it through BusinessesForSale.com. I’ve used the platform at least three to four times to advertise and ‘sell’ the business to a tenant”.
Oliver says that BusinessesForSale.com’s advertising structure is a helpful prompt for both sellers and buyers. A buyer (or in this case, a prospective tenant) can identify that a premises is configured and set up the way they want it, allowing Oliver’s flexible renting approach to succeed.
Oliver’s advice for those looking to sell a business:
1) Often, advertisements for a premises for sale will include how big the space is. For example, 1500 square feet. It’s difficult to visualise that without going to the location. Providing clear photos and a floor plan are key considerations when advertising your business for sale.
2) Being available to arrange viewings is very important. It demonstrates that you are serious about the arrangement, and that you want the process to conclude.
Oliver’s case of accessing tenants through BusinessesForSale.com demonstrates the platform’s ability to foster unique user needs. Whether you are looking to sell your business, searching for tenants or potential buyers, or simply browsing our marketplace, BusinessesForSale.com can offer you personalised support!