In r/smallbusiness, a highly upvoted thread centers on a thriving drive-thru coffee shop being forced to close due to lease nonrenewal, with practical advice on negotiating time, legal structure, and winding down safely.
Closing a thriving business because our lease won’t be renewed
I’ve found out that it won’t be, and I have 8 weeks to vacate our property.
Approach the owner, or ideally the Buyer - and ask if you can stay until they really need you gone.
Developers need time to secure a new tenant and/or get whatever permits they need. It can take as long as 2 years.
The best way to close the business depends on the legal structure. You should talk to your accountant or tax preparer about how to best protect yourself.
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