What is an EPC?
All commercial businesses that go to market for sale are legally required to have a commercial Energy Performance Certificates. The Energy Performance Certificates (EPC) gives prospective buyers or current tenant’s information about the energy efficiency of the building that they are contemplating buying or renting. To produce an EPC, factors such as wall, roof & floor types, glazing, insulation, lighting, ventilation, boiler and air conditioning systems will be assessed. Once all this has been taken into account, a grade will be given from A to G. The energy rating is based on the carbon emissions that a building is likely to produce and lasts for 10 years. The Certificate includes recommendations on ways to improve the property’s energy efficiency to save money and help the environment. Potential buyers may consider the energy efficiency of the building as part of their decision to buy the business or lease the property.
Why do I need an EPC?
Energy Performance Certificates and the law As part of the United Kingdom’s commitment to preventing global warming, the UK has pledged at an EU directive, to reduce its CO2 emissions by 20% by the year 2020. The law governing EPC’s is the Energy Performance of Buildings (Certificates and Inspections) (England and Wales) Regulations 2008. As of the 6th July 2012, changes to the law state that all commercial businesses that go on the market for sale or to let are required to have a Commercial EPC. As the seller of the business, you are responsible to have applied for an EPC within 7 days of Veritas Business Sales marketing your business, with a further 21 days to obtain the Energy Performance Certificate. Noncompliance with the Commercial EPC legislation can result in a penalty to the seller of up to 12.5% of the rateable value of the property, with a minimum of £500 and a maximum of £5,000; this is in addition to the cost of a compliant Commercial EPC.
How do I get an EPC?
As a client of Veritas Business Sales, we are able to arrange for an Commercial EPC to be undertaken at a time that suits you and your business. At Veritas we are extremely customer focused and want to make this as stress free an experience as possible for you. You’ll then have the peace of mind that as your business transfer agents we have all the information in one place, making the whole process much quicker and smoother for you. HomeAbout UsAll ListingsSold GalleryTestimonialsEPCsNewsContact Us
Restaurant Sales Increase
Veritas Business Sales have been at the forefront of increased activity in Coffee shop, Restaurant, Cafe and Sandwich Bar business sales over the past 12 months. Warwickshire has been the biggest hotspot with most activity in Royal Leamington Spa. Completions to include Warwick St Kitchen, Something Nice, Spa Town Coffee and Bunters. We have another classic Vintage Tea Rooms called Vinteas which is sold subject to contract and due to complete on 5th January 2018.
teachers numbers increase for first time buyers
A close second is the heavily reliant tourist town and birthplace of William Shakespeare that being Stratford Upon Avon. Completions to include, Haviland’s, McKechnie’s, Vesuvio Café and HR Coffee & Catering. Warwick has been a little quieter only seeing the completion of Café Scoopz and sold subject to contract is B B’s Kitchen which is due for completion on 8th January 2018. West Midlands has completed sales on Scoffs (Edgbaston), Love2Lounge (Kings Heath), Manteli’s (Kings Norton Green), Jolly’s Kitchen (Shirley), Smoode (Knowle), Cardamon Kitchen (Kings Heath) and La Delicia (Balsall Common). Worcestershire completions include Ermi’s Café (Droitwich Spa), with under offers to include The Spinning Wheel (Droitwich Spa), Ollies Eatery (Redditch) and Scoff’s (Worcester). Other areas to see completions were The Butter Cross Tea Rooms (Market Drayton), Curveside Bistro (Leicester), Ragamuffins in (Falmouth), Graze Deli & Pasty Company (Newquay), Dough sandwich Bar (Cardiff), Oggy Oggy Pasty Company (Falmouth), The Shell Bar (Falmouth), Earth & Water (Penryn) and The Galley Chippy (Truro).
Other areas to see under offers are Create Arts Café (Falmouth), The Port & Starboard Fish & Chip Restaurant (St Columb, Cornwall), Martha’s Tea Rooms (Newquay), The Cod End (Newquay), The Chippy (Newquay) and Pecks Bar (Truro). Interesting statistics reveal that 85% of the purchasers in this sector are first time buyers looking for a lifestyle change. Teachers looking to leave their profession due to increased workloads are top of that list. So, if you are looking to purchase a business in the food sector, contact Veritas and let our market knowledge place you in good stead for that all important business purchase. We can arrange commercial finance if needed and advise on a process of government-backed funding.