How is the premium paid when buying a business?

Sebastian

New member
Howdy all,

I'm currently researching how to open a small cafe/restaurant in England.
I have a lot of experience in the food industry, but none whatsoever in buying/selling/renting property!
I recently enquired about a restaurant with a premium of 129,000 pounds, as I thought this could be payable like a mortgage (a deposit, followed by monthly payments), but was then informed the current tenant wanted a lump sum.
Is this always the case, or dependant on the tenant and situation?

Any help much appreciated, ta!
 
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