Recent content by turner

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    Landlords rent demand

    Good afternoon, back in Jan i gave my landlord 3 months notice to leave my business premises as per my tennancy agreement. During Feb he asked for the keys back as he has new buyers taking out a 20 year lease. I was told the arrangement was the buyers would pay the outstanding rent for Jan and...
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    Payment Of Rent

    The tennancy agreement doesn't mention the LTA 1954. I know what you mean as at my previous premises i was given a form that meant i chose to opt out but on this one there is nothing. All the keys were given back on a permanent basis at the landlords request. Thanks for your help.
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    Payment Of Rent

    Hi Steve, we only have a copy of the written notice. The landlord wouldn't put anything in writing in terms of the arrangement he made with the new tennant. The 3 month period isn't up yet we vacated after 1.5 months at the request of the landlord.
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    Payment Of Rent

    Good morning, back in Jan i gave my landlord 3 months notice to leave my business premises as per my tennancy agreement. During Feb he asked for the keys back as he has new buyers taking out a 20 year lease. I was told the arrangement was the buyers would pay the outstanding rent for Jan and...
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    County Court Proceedings Notice

    Hi all, i wonder if anyone can give me a bit of advice? I used to run a cafe that was rented on a yearly tenancy basis. During that time one of the machines had a problem and when I telephoned the company for help i was told it was under warranty and someone was sent out. I never received an...
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    County Court Proceedings

    Hi all, i wonder if anyone can give me a bit of advice? I used to run a cafe that was rented on a yearly tennancy basis. During that time one of the machines had a problem and when i telephoned the company for help i was told it was under warranty and someone was sent out. I never received an...
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    Jacket potato shop use class A1 or A3?

    I have heard of spud u like but i have no idea of their profit/loss etc and that is a franchise which isn't something i have knowledge of therefore couldn't comment. I wasn't saying it was a bad idea at all - on a previous post you said you hadn't done any research so thought a bit of input in...
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    Buying Going Concern / Goodwill

    Its a restaurant.
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    Jacket potato shop use class A1 or A3?

    Please don't think i'm raining on your parade as i've never sold jackets only. At my previous cafe we sold a mix, sarnies, toasties, scampi, lasagne, jackets etc, etc. We done on average 50 covers in the 12-2pm window and approx 6% of sales were jackets. Not a lot. They are really cheap to...
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    Buying Going Concern / Goodwill

    An update as requested! I spoke to the landlord today who said that the tennant left 3wks ago (he thought i knew what was going on) but has paid rent up to date. He thinks if i pull out of the deal the tennant will hand back the keys and then he's quite happy to do a deal with me. The agent...
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    Buying Going Concern / Goodwill

    I think my other massive hurdle in the negotiating is the fact that an agent is dealing with it and i'm guessing that the less it sells for the less commission he gets? Never sold anything through an agent so not sure if they get a percentage or flat fee?
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    Buying Going Concern / Goodwill

    Thank you all your help everyone. Definetely going to drop my price. I thought the hardest bit is running the business but buying it seems to be more hassle than i ever thought! My last premises was just on a rental basis so 1st time i have gone through this....never again!!
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    Buying Going Concern / Goodwill

    Thank you both for your replies. In response to Batra Ventures reply the total is 31k with 22k being fixture and fittings and 9k being goodwill. Stock is included in the price and there is no value in the lease as the vendor didn't have one therefore i am taking a new lease (at his...
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    Buying Going Concern / Goodwill

    Can anyone help please? I am buying a business and agreed a price to include fixtures and fittings, goodwill etc. I am at the stage of the contract being ammended on the finer details and have found out today the the vendor has closed the business. Does the price we agreed still stand? If...
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    What is the impression you get from this name?

    This is quite hillarious. I think the 'hob nobs' have finally killed it for me although i don't think i'll tell the owner of the surname about that one!! Thanks a million, i have another one that i keep coming back to that i like but it was everyone else saying to me that hobsons sounded...
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