For some business owners, purchasing the premises from which they operate can provide benefits, such as increasing the overall value of the business while providing more certainty in the big picture.
What are some of the benefits of owning premises?
There are plenty of other benefits to owning premises such as not wasting money on potential refurbishments. There are disadvantages too though, such as potential interest rate rises as we’ve seen in the past months which can make your payments higher, or if you need to move owning premises could take longer to sell, be more costly and overall complicated
To assess the right choice, research should be done properly to figure out how to reduce costs on potential business rates, security systems in place, and accessibility for parking, deliveries, and staff. ASC’s commercial brokers provide further help and clarity on the potential property ownership availability and in securing the right finance for your purchase. We often hear clients mention they don’t know the avenues available to them and often don’t ask for finance, so get in touch with your local ASC office for more details.