Property Leasing Focus
When EB Brands (UK) was looking to make substantial cost savings, it immediately looked at its property costs as part of a wholesale 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 clearly unnecessary and, understandably, the lease on the smaller unit was terminated.
Therefore Sharon agreed to Expense Reduction Analysts 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 find out more about how ERA helped EB Brands, including results, savings and more details from the client, download the full case study now.
“Expense Reduction Analysts were able to both prevent us from potentially incurring unnecessary ongoing future costs but also providing us with a huge saving.”