Owning the location where you do business gives you a massive edge over those who don’t. Today, the UK has two million commercial buildings nationwide. Instead of paying rent, you either pay a mortgage or pay nothing at all.
Purchasing a freehold business is highly desirable among entrepreneurs, which is why these types of businesses often move off the market quickly. If you’re looking to own one of these businesses in your preferred sectors, there’s never been a better time to consider your options.
At CoGoGo, we support you in finding the latest freehold companies for sale. If you’re ready to launch the process, check out the latest listings on our platform
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Why invest in a freehold business?
Rental costs can act as an enormous cash flow drain on your business. Today, average commercial rental costs have reached £94 per square foot. By owning a freehold firm, you avoid these costs entirely.
Some of the reasons to invest in these types of businesses include:
- Complete control over your premises.
- Total flexibility to change your property as you see fit.
- No service charges.
- Capital appreciation, making your location an asset.
- The potential for extra streams of income.
- Independence from any third party.
Buying a freehold vs. a leasehold business
Controlling the freehold on your business property means you own both the building and the land underneath it. You are the sole owner, and you’re not required to worry about what a landlord or landowner says. That level of control and flexibility enables you to develop your company as you see fit.
It’s true that the upfront costs of one of these companies are higher. However, the fact that you have an asset on the books means you’re benefiting from capital appreciation, which can pay dividends in the years to come.
Entrepreneurs with capital always stand to gain more from a freehold firm vs. purchasing a leasehold business, which is why, if you’re serious about jumping into entrepreneurship, this is the way to go.
Finding freehold businesses for sale online
Where can you find freehold business opportunities you can trust?Smart investors utilise multiple channels to uncover great deals and identify the opportunities others miss. Popular channels for finding freehold companies for sale online include:
- Business brokers.
- Dedicated marketplaces, including CoGoGo.
- Sales directories.
- Social media.
- Online marketing efforts.
- Offline marketing.
Leveraging your personal network of business contacts is also worthwhile. The truth is, many of the most lucrative business opportunities are conducted privately, meaning they never reach the open market.
In the meantime, find out what freehold business opportunities are available now, or learn more by getting in touch with CoGoGo to speak to one of our experts.
