There was an interesting article in the news over the weekend, suggesting that profits at some businesses were under pressure from a combination of the strong pound and a need to maintain price competitiveness [BBC Business News]. So how does a business minimise costs and ensure that it is as efficient as possible?
In so many cases, one of the most significant costs any business incurs relates to the property they occupy – a necessity for almost every type of commercial enterprise. The reality is that the right property on the right terms can make the difference between success and failure but negotiating or simply understanding the terms of a modern lease can be a daunting task, even for seasoned business people; for a new venture it becomes almost impossible. And once you’re signed up and committed to that lease, what happens if your circumstances or requirements change? How do you cope if the property is no longer big enough, or your you need to relocate to be nearer your suppliers or customers? What happens if you want to retire or sell the business? Food for though, certainly.
However, there is an answer. Here at Oldfield Smith & Co chartered surveyors, our highly qualified staff have years of practical experience in sourcing the right property for your business, on the right terms, balancing flexibility with security. We take time to listen to your needs and then offer objective advice on the options. Of course we have one of the largest selections of commercial property in the area and are adding to this constantly, bringing our applicants even greater choice. But our service goes well beyond this and we can help locate your perfect property with access to many “off market” opportunities and an unrivaled network of contacts.
In the last few months we have successfully negotiated the sale of a business as a going concern, with the tenant being released from the lease and a new agreement granted to the purchaser. We have also helped to source a new property for an applicant looking for a very specific business opportunity and have relocated an existing business to new premises at a lower rent. We are currently giving strategic advice to a number of companies who need larger premises to expand and are also assisting with the sale of strategic sites for development.
Whatever your business and whatever the size, we can help ensure that your property works for you. So before you commit to any new letting, call us and see how we can help. You wouldn’t buy a car without an MOT, or a house without a survey, so why run the risk with potentially your biggest business asset before taking advice from a professional? At Oldfield Smith, we don’t just employ a Chartered Surveyor – our entire practice is regulated by RICS so you can be assured that we operate to the very highest standards. We offer a free initial consultation with no charge and no obligation so there is nothing to lose, but we could save you a small fortune!
For further information or a informal chat, call Bernard Smith FRICS today on 01825 762222 and let us show you how we can help your business to grow and adapt.
