Durham Business Broker

About Durham Business Broker

For businesses that operate from leased space, whether the existing lease can be assigned to a new owner, what the landlord's role is in approving any such assignment, and how much time remains on the lease relative to what a buyer might want, all represent considerations that can affect a sale. A lease with significant time remaining and terms that a buyer finds acceptable represents a more straightforward situation than a lease that is nearing its end, has terms a buyer finds unfavorable, or where the landlord's approval for assignment introduces an additional step and potential point of negotiation into the overall deal. For sellers throughout Durham County operating from leased locations, understanding the terms of their lease, including any provisions related to assignment or change of ownership, and discussing this aspect of their situation early in the sale process, helps ensure this consideration is addressed as part of the overall deal rather than becoming an unexpected complication later.