Getting the most out of your lease [video]
Site selection is one of the most critical elements of future-proofing your franchise business, but once you’ve found the perfect site, how can you be sure you are making the most of your lease?
First-time business owners are often eager to lock in a good deal, couple that with pressure from the prospective landlord and the complex document can be quickly overlooked.
Before signing anything, take the time to critically analyse the lease document. Certain clauses will inevitably dictate the outcome of your franchise business’ profitability, operating expenses and repayment efforts.
Together with Andrew Grima, principal at Coleman Greig Lawyers, Inside Franchise Business is shedding some light on the important aspects of a lease that all franchisees should take note of.
Here’s our guide to getting the most out of your lease.