During the consultancy review, it became apparent that the lease break terms for both EB Brands’ warehouses were extremely restrictive, and unless extreme caution was exercised, the company would not be able to serve notice early as had been planned.
Property Leasing Focus
When EB Brands (UK) sought to achieve substantial cost savings, it immediately scrutinised its property costs as part of a comprehensive cost review. Occupying both a 47,000 sq ft warehouse and retaining a second 32,000 sq ft sub-let property beyond a lease break was manifestly unnecessary and, understandably, the lease on the smaller unit was terminated.
Therefore Sharon agreed to ERA Group undertaking a one-day consultancy to produce a report and action plan to help the US parent company see the best way forward. During the consultancy review, it became apparent that the lease break terms for both EB Brands’ warehouses were extremely restrictive and unless very careful, the company would not be able to serve notice early as had been planned.
To ascertain more about how ERA assisted EB Brands, including results, savings, and further client insights, download the full case study now.
"ERA Group were able to both prevent us from potentially incurring unnecessary ongoing future costs but also providing us with a huge saving." [Sharon Beddall - UK Finance Director, EB Brands]
