How to apply

Enquire at The Generator Business Centre

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Position:
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Company name:
Please indicate your interest(s):	Office space Light industrial units Virtual office Conference and meeting room hire
How did you hear about The Generator Business Centre?

 

Licence FAQs

Benefits of a licence over a lease
Flexibility: leases usually involve a long-term commitment and a lengthy legal process - as well as a non-returnable premium to secure the space you want. Licence agreements are much more flexible, asking for no more than a six-month commitment and with no legal fees.

What to expect from a Licence:

• Simple to understand
• No premium, only 2 months deposit and no personal guarantees required
• A straightforward 6 month Licence with the option to stay or move on
• We handle all admin and set up at no extra charge
• No additional charge for utilities, service and maintenance

A Lease… what to expect before you move in:

• An upfront cash premium tying up your capital
• Personal guarantees often required by the landlord risking your home if your business fails
• A prolonged legal process entailing high legal fees
• A long term commitment whatever the needs of your business
• Time and money spent on decoration, carpeting, cabling and connections
• Expenditure of capital and resources on alarm system, heating system and sourcing phone-lines, internet and utilities

A Lease… what to expect after you move in:

• Ongoing expenses and admin time dealing with electricity bills, gas bills, etc....
• Service charges for building repairs, cleaning, maintenance, management, security and insurance as well as lift maintenance, waste collection, reception, fire alarms and safety equipment
• Time and money spent negotiating with the Landlord over rent increases which can often involve legal fees and surveyor’s costs
• Costs incurred in disposing of lease and recovering premium.

Is the Generator Business Centre more expensive than traditional leased office space?

• No - we save you money:
• Why? Because many commercial leases appear inexpensive but the rental figure covers only the space itself not the hidden costs of maintenance, security, decoration, cabling and service charges which usually amount to the same as the lease itself. The Generator Business Centre provides an inclusive licence fee meaning no unexpected costs or hassle for you if the lift breaks down or the windows need cleaning leaving you to concentrate on running your business.
  

The Generator Business Centre
95 Miles Road
Mitcham
Surrey CR4 3FH

Tel: 020 8408 1501

generator@mertonchamber.co.uk

Merton Means Business, including The Generator Business Centre, is a Merton Council Service managed by Merton Chamber of Commerce