Renting commercial premises - this thing called YIELD

[chatmonkey]

Hey everyone, been having a browse around for the last couple of days, have to say it's great to come across other people facing similar stresses and problems!

I'm trying to start a business with a friend and we're gonna need to rent a retail premises. We saw something we liked and made initial enquiries just to get an idea of how it works, and found that you're treated like a bunch of jokers if you're not a big national chain

Anyway, will revisit that when we're ready, trying to put together a plan at the mo and need to do some costings.

Can anyone explain the idea of yield in renting premises? Am I right in thinking that it's a percentage of your profits or turnover or something that landlords ask for in addition to the rent? Is this standard? What's a good figure and what's a rip-off?

Thanks a lot!