Identify the actual relationship between the property and operations, including ownership, occupancy and business requirements. A combined sale and retaining the property while selling the operation create different outcomes.
Occupancy costs must appear consistently when assessing the business and the real estate. Separating assets may have consequences beyond the negotiation and requires case-specific professional analysis. Compare the whole position left with you: cash, property, ongoing obligations and relationships. The decision should reflect both operational viability and the owner's objectives, rather than treating property and business as automatically inseparable.