Just Elementary, Inc. » Commercial Leasing
Negotiating Commercial Lease Rate & Terms
Let’s face it, this is the time to negotiate or renegotiate your commercial, retail or industrial lease. The primary metric motivating landlords is the vacancy factor. Across the board, from retail to industrial, vacancy rates are high, which means landlords have more and more spaces to fill and keep occupied. Of course, this is a factor of an economic dip and your business is likely suffering a decrease in revenues from the boom times. But, … Read entire article »
Filed under: Commercial Leasing
Fully Improved Kitchen Space For Lease
Here is another low cost, simple entry business opportunity. It is a former Asian Fusion restaurant with full hood and grill located in a retail shopping center anchored with a grocery store and RITE AID pharmacy. Located in Colton, CA. This built out restaurant space is 3,100 sq ft and features a full hood and grill, 2 separate restrooms, plenty of dining space. For an appointment to tour the facility, contact us @ 323-213-9193 or … Read entire article »
Filed under: Business Opportunity For Sale, Commercial Leasing
Condemnation Clauses for Commercial Leases
The Condemnation clause is an often overlooked clause in negotiating a commercial lease. Even though it rarely comes in play, it is well worth negotiating just in case to protect the many years of blood, sweat and tears a lessee/business owner has put in to the business. A condemnation clause dictates how compensation to the property owner is allocated to the tenant(s) at the property in the case that the property is seized via eminent … Read entire article »
Filed under: Business Tips, Commercial Leasing, Landlord, Negotiation
Leasing Second Generation Restaurant Space – Saving Time & Money
Eating Someone else’s leftovers doesn’t sound like the greatest of deals. But, when it comes to your money, you’ll have to figure out if you want to buy an existing business ( e.g. leftovers), or make something new from scratch. Should you buy an existing business? Should you start a new business? That depends on you and the team you are going into business with. There is a Right and Wrong answer for you. We will layout some points for you to consider to help you make an informed decision that will feel, well, Just Elementary! Reasons to Buy: You want an established track record and proven business model. You will be open for business the day you take possession. Trained employees in place with a seller to offer additional buyer training. Reasons to Start: You have your own … Read entire article »
Filed under: Business Opportunity For Sale, Business Tips, Commercial Leasing, Negotiation
Five Rules for Negotiating Commercial Leases
Your Bottom Line, is it important to you? Yes, ok, then let’s see where you can increase it. Occupancy cost is typically the first expense item we review as Commercial Brokers are at Just Elementary, Inc. Every business has a physical cost to exist and occupy space, even virtual businesses (think server space). For those business owners that lease the space that their business occupies, this post will cover Five basic Rules to negotiating or … Read entire article »
Filed under: Business Tips, Commercial Leasing, Landlord, Negotiation, Real Estate Tips, Renegotiation
Is My Industrial Business Lease Good or Bad?
Simple Things to consider whether your lease is friendly to your business, or is it holding your business back from growth and great profits and your lifestyle growths. Number 1, the occupancy cost. Simply put, this is the lease rate, plus NNN charges including other cost variables such as transportation costs and operational efficiencies. Ideally, the occupancy cost would be as low as possible. Given the fact that Industrial properties are not the ideal ‘outside investor’ type properties, the only major factor affecting real estate prices and lease rates is the health of the economy. In this recessionary market, most local industrial markets have seen lease rates plummet with skyrocketing vacancies. This means Industrial property prices have plunged and availabilities are high. So the good news is that you can attempt … Read entire article »
Filed under: Commercial Leasing, Landlord, Negotiation, Real Estate Tips, Renegotiation
Applying for a Lease
Here are some basic rules to keep in mind when applying for a lease of a commercial property. #1. Have a Business Plan. This is much easier if you are buying an existing business. If not, Be prepared to justify all the things you make up in the business plan. #2. Have a Credit Report Ready. The landlord wants to know if you have a habit of making payments on time. Because if you don’t, they’ll know that they are setting themselves up for trouble. If you do have blemishes on your credit report, well, ask yourself why. If the reason is good, such as lost a job or unforeseen medical bills, then write a detailed explanation and INCLUDE it with the Credit Report when submitting a package to the Landlord. If … Read entire article »
Filed under: Commercial Leasing
Archives
- March 2015
- February 2015
- January 2015
- December 2014
- November 2014
- October 2014
- September 2014
- August 2014
- May 2014
- April 2014
- March 2014
- February 2014
- January 2014
- December 2013
- November 2013
- October 2013
- September 2013
- August 2013
- July 2013
- June 2013
- May 2013
- April 2013
- March 2013
- February 2013
- January 2013
- November 2012
- October 2012
- September 2012
- August 2012
- July 2012
- May 2012
- April 2012
- March 2012
- February 2012
- January 2012
- December 2011
- November 2011
- October 2011
- September 2011
- August 2011
- July 2011
- June 2011
- May 2011
- April 2011
- March 2011
- February 2011
- January 2011
- December 2010
- November 2010
- October 2010
- September 2010
- August 2010
- July 2010