It is received wisdom that the high street is dying. Customers are no longer going to bricks-and-mortar shops, and instead are buying almost everything online. Big chains have been able to move increasing amounts of their products onto their websites, but smaller businesses simply don’t have the resources to do this, and they are losing out. In 2018, almost 2,500 stores disappeared from the UK’s top 500 high streets, resulting in the loss of over 50,000 jobs. Covid-19 restrictions haven’t been helping of course, but even without those shopping online is much more convenient, and can be cheaper, right?
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But when it comes to high value business assets like an 