PRESS RELEASE
29th March 2007---BEGINS---
Property boom reveals no better time to swap your London home for a business
According to BusinessesForSale.com there has never been a better time to cash in your London home for a business in one of Britain’s thriving regions.
A new BusinessesForSale.com survey of over 15,000 businesses for sale revealed that the average price of a freehold business with accommodation in the Midlands, (such as a pub or restaurant) was £366,000 – the same figure quoted for the average cost of a London home.
"It makes perfect sense," says Marcus Markou, BusinessesForSale.com Chairman.
"The boom in property prices makes it even easier for people to pursue their dreams of being an entrepreneur and running their own businesses. For the same price you’d pay for a London home you can buy a small business, with its own accommodation, in the Midlands or elsewhere in the country," he adds.
"Most of these businesses are already profitable so you don’t have to go through start-up hell."
The survey revealed the following average prices for freehold businesses, with accommodation, which included pubs, restaurants, post offices, care homes and convenience stores:
Average Price of a Freehold Business on www.BusinessesForSale.com by region for March 2007
| London | £527,000 |
| South East | £473,000 |
| Midlands | £366,000 |
| North | £390,000 |
| North West | £221,000 |
| South West | £433,000 |
| Yorkshire & Humberside | £355,000 |
| Northern Ireland | £155,000 |
| Scotland | £343,000 |
| Wales | £394,000 |
Examples of what businesses you can buy outside London for less than £366,000 (with accommodation included):
- Classic Yorkshire Bistro
- For £299k, you can buy a fully licensed 19-seater freehold bistro in picturesque Staithes, near Whitby, in North Yorkshire with two-bed accommodation. The business is currently turning over £55k per annum and is profitable.
- Blackpool Hotel
- For £349k, you can buy a 15-bed freehold hotel in Blackpool. This private accommodation comes with three generous sized bedrooms, fully fitted kitchen, dining room and Jacuzzi! The business has sales in excess of £60k per annum.
- Cornwall Gift Shop and Tea Rooms
- For £345k, you can buy three businesses in one: (1) A pottery (three-kilns), (2) A gift shop and (3) tea rooms (24-seats). Included in the sale is a four-bed detached house. This business is located in Helston, Cornwall, near the Lizard Peninsula.
---ENDS---
For further information about this topic, or to schedule an interview with Marcus Markou, Chairman of BusinessesForSale.com, please contact:
- Veronica Newson
- Yellow Bicycle PR
- T: 07801 231312
- E: veronica@yellowbicycle.com
---NOTES TO EDITORS---
- BusinessesForSale.com (www.BusinessesForSale.com) and FranchiseSales.com (www.FranchiseSales.com) is published by Dynamis Plc. (www.Dynamis.co.uk). Dynamis also publish www.BusinessOpportunities.com.
- Dynamis is a privately owned company based in London, UK.
- FranchiseSales.com and BusinessesForSale.com have over 200,000 registered business buyers.
- Over 11,500 new unique users visit the sites on a daily basis. (Certified by ABC ELECTRONIC - January 2006.)