Many times in the operating cycle of a retailer, it’s necessary for various lease terms to be renegotiated. These could include; use clause changes, downsizing, term extensions, or financial modifications. Location3 has the expertise and ability to renegotiate these lease terms with institutional and local/regional ownership.
Location3 was retained by Healthy Spot during an asset sale to examine all leases in the current operating portfolio. After a comprehensive review, a select group of stores were targeted for lease renegotiation, including term extensions, use clause modifications, and rent restructuring.
At the end of this process Location3 was able to reduce occupancy costs chainwide in an amount exceeding $1.6M over a several year operating period.
Website Link: www.healthyspot.com
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