For many small businesses, the lease for the businesses location is as important or sometimes more important than the Buy/Sell Agreement itself. 

The lease relationship is important for several reasons.

Most businesses have their good will, their public recognition, tied to their location. If not allowed to stay in that location, they can loose most if not all of the value of the business. Also, your location often has leasehold improvements, sometimes very expensive, which cannot feasible or legally be transferred to a new location if you are required to move. The lease term and option(s) are critical to the value of the investment and must be in place before finalizing a deal to purchase a business. It is also common to commit to a lease with rents far exceeding the purchase price of the business.

There are many issues in a lease which can be negotiated and which will significantly affect the bottom line or even the ability of a business to survive. In lieu of a lease, sometimes Buyers prefer to buy the commercial location and we assist Buyers and Sellers in such transactions.