What You Need
The foundation of your lease analysis is information, most of which is readily available from a variety of sources.
High Quality & Accuracy
High quality and accurate information will of course yield the highest quality and most accurate results. However, by using multiple types of analysis and combining several evaluation methodologies, GEM™ can provide valuable insight even in cases that are unusually difficult to compare.
It can be the difference between business success and failure.
The GEM Lease Analytics™ software depends on four basic types of information:
Info from Lease documents, Lease Disclosure documents, and Rental Statements.
- Business Type (pharmacy, butcher, gifts, etc.)
- Location Type (High Street, Shopping Centre, etc.)
- Shop and Contact Details
- Lease Details (start/end dates, options, shop size, rent, landlord operating expenses etc.)
Info about the retail business being evaluated
- Basic Financial Details for the previous and current years, plus estimates for the future
- Business startup costs (assuming shop is a vacant shell or needs a total refit) and details from the latest full-year Annual Financial statements
Occupancy Cost Benchmarks for the Business Type
- Software includes many publicly available occupancy cost benchmarks, e.g. from the ATO
- Also available from a range of sources such as industry groups, franchisors from listed company Annual Financial Statements eg. AMF Bowling Centres, Coles Supermarkets, etc.
Basic Info about Comparable Leases for shops with the same or similar “Permitted Use”
- Software includes a “Comparable Lease Library” that already contains hundreds of “Comparables” and is growing daily
- Available from similar businesses, lease data sites, government agencies, franchisors, etc.
We’ve designed a value-based pricing model that is based on the annual gross rent paid, so even small retail businesses and landlords can benefit from GEM Lease Analytics™ lease analysis. You find out quickly how the lease stacks up to the current market environment and can take appropriate action.
And since the average lease runs 5 years, your annual cost is a fraction of the price you pay for the analysis – and the peace of mind you get from knowing where you stand is invaluable.