Who buys shops is one of those questions which is not straightforward to answer.
Although there are many companies which buy commercial property, including shops, many have steered clear of this sector due to the continuous number of retail failures. Peacocks, Woolworth, Barratts and La Senza, to name but a few, have all become insolvent since 2007 and many more have experienced severe trading conditions which has resulted in a large number of store closures. Therefore buying shops is a big risk today very few are willing to take.
Who buys shops? Only those brave enough who possess the expertise to manage properties which fall vacant or are difficult to let. It takes a great deal of skill, experience and knowledge to change a shop into a restaurant, work with a tenant who is struggling to pay their rent, mitigate the out-flows incurred when holding a vacant retail unit and undertake the correct marketing and advertising initiatives to attract the right type of tenant. That is why not many companies buy shops today and those who do will only engage with sellers who are realistic about the value of their shops.
Who buys shops? Sell My Commercial Property does as its principal shareholder has been doing this for over 25 years and really understands this market. We can make instant decisions and proceed to buying your shop in a matter of days. Why not try us?