Phone 0418 129 299
pflynn@icpg.com.au
Hidden Leasing Costs - NJuly 2023
It is interesting to note that after salaries, the second highest business cost are the rental costs for leasing a premises. In many cases the total cost of occupancy over the term of a proposed lease, is not fully understood, or calculated.
Various additional costs such as outgoings, parking, fitout costs and make good, together with leasing incentives, are not factored into the decision making and evaluation process. Accurate budgeting will reduce risk, and save time and money.
The most appropriate financial analysis to use when considering leasing a property is to establish and compare 'whole of lease' term costs.
If you are thinking of moving, then now is a great time to plan the move, to ensure the best outcome for your business, money and reducing risk in the process. This will give you peace of mind, and the confidence to make an informed decision.
Peter Flynn
Strengths:
Strategic, Communication, Achiever, Futuristic, Positivity
Peter enjoys business and investing, and everything that comes with it, especially forming and nurturing key relationships.
Previous experience with BHP Superannuation Fund, UniSuper and Lonsec Research.
Qualifications - Graduate Diploma in Applied Finance and Investment. Diploma in Valuations. Fellow of the Australian Property Institute (API) and the Financial Services Institute of Australia (FINSIA). Guest Lecturer at RMIT University.
Business Network International Member (BNI). A worldwide business network in over 70 countries. Previously Vice President of BNI Manningham, Melbourne Chapter, with a turnover of around $3.0 million p.a. of business amongst members.