Too many garden centre tenants trading without legal agreements, says First Franchise

First Franchise Garden Centre Services has found that an "alarming" number of garden centres have concession tenants on site that have no agreement in place.

The firm said garden centre concession tenants are also are trading after an agreement has expired and have not reviewed their tenants agreement terms since they were installed.

First Franchise business development manager Richard Lewis said: "All of these can leave garden centres exposed to legal ramifications if not resolved, and not having the right paperwork will affect the overall value of a site. 

"Thus as an owner of a garden centre thinking of selling or even planning for the future, having a secure concession agreement is integral to the business model.

He added: "In addition, in some cases agreements are rolled over with no review of rent and terms so, tenants on site not paying the market value will also have a negative impact on the total valuation potential. Tenants also need secure agreements. Therefore, garden centres should not be concerned about disrupting the status quo."

 


Have you registered with us yet?

Register now to enjoy more articles and free email bulletins

Sign up now
Already registered?
Sign in

Read These Next

Aster

Aster

Brightening up gardens in autumn, these daisies are seen as a gem in the gardener's arsenal, writes Miranda Kimberley.

What are the garden centre trends from the Glee trade show?

What are the garden centre trends from the Glee trade show?

Plastic, peat and glyphosate reduction, one-stop shop suppliers, slug control, shrub replacement, lawn fixing, solar technology and heat-loving plants such as agapanthus were among the top trends at Glee this year.

How is the garden product market responding to renewed pressure on glyphosate?

How is the garden product market responding to renewed pressure on glyphosate?

Shifts are taking place in the market for garden weedkillers in the UK


Follow us on:
  • Facebook
  • LinkedIn
  • Twitter
  • Google +
Horticulture Jobs
More Horticulture Jobs

Horticulture Week Top 100 GARDEN CENTRES 2017

See our exclusive RANKING of garden centre performance by annual turnover plus the FULL REPORT AND ANALYSIS of the market drawing on our garden retail industry-exclusive research

Garden Centre Prices

Peter Seabrook

Inspiration and insight from travels around the horticultural world
 

Read more Peter Seabrook articles

Neville Stein

Business advice from Neville Stein, MD of business consultancy Ovation
 

Read latest articles

PLANT SUPPLIERS GUIDE

Free to subscribers, the essential guide for professional plant buyers
 

Download your copy