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Leasing a Business

  • 21-07-2011 8:12pm
    #1
    Rafa1977
    Closed Accounts Posts: 400 ✭✭


    Hi folks my other half is looking to take over the lease from a business, probably local cafe or newsagent. She has seen a small cafe that would be ideal as it is local. Am just wondering how she needs to go about things, as she is new to all this, and I personally have'nt a clue. She has worked as assistant manager in a resturant for last few years, and has a fair idea how to run a restaurant and manage people, etc, but in terms of running a business she hasn't a clue, but tells me otherwise!. Am just wondering if anyone can offer advise in where she needs to start, and if she needs to go through the same legal requirements as if she was starting a new business, thanks.


Comments

  • #2
    antoinolachtnai
    Registered Users, Registered Users 2 Posts: 9,815 ✭✭✭antoinolachtnai


    It might sound very cruel, but I'd say the best thing is to be very careful. The newsagent business is over. What's more, the business that came after it, convenience, is being crushed for many participants. Cafes? You really need to know what you are doing to turn around a cafe or restaurant. Who is going to lease you an existing high quality site if you don't have a lot of track record? There is a lot more to it than managing staff and running things. It's all positioning, marketing, financing and everything else.

    Being 'local' does not make a cafe ideal. A cafe is a business, not a lifestyle choice, unless you are already wealthy enough to take such a big risk just to have a way of life. The only thing that makes a cafe 'ideal' is if it can turn over at least six grand a week and you can make a solid income from it. Work out for yourself how busy it needs to be to make that work.


  • #3
    Rafa1977
    Closed Accounts Posts: 400 ✭✭Rafa1977


    antoinolachtnai wrote: »
    It might sound very cruel, but I'd say the best thing is to be very careful. The newsagent business is over. What's more, the business that came after it, convenience, is being crushed for many participants. Cafes? You really need to know what you are doing to turn around a cafe or restaurant. Who is going to lease you an existing high quality site if you don't have a lot of track record? There is a lot more to it than managing staff and running things. It's all positioning, marketing, financing and everything else.

    Being 'local' does not make a cafe ideal. A cafe is a business, not a lifestyle choice, unless you are already wealthy enough to take such a big risk just to have a way of life. The only thing that makes a cafe 'ideal' is if it can turn over at least six grand a week and you can make a solid income from it. Work out for yourself how busy it needs to be to make that work.

    No you are not cruel, this is the kind of advice that I need, as I say I am not involved in any of this and have no backround. Thanks.


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