Just Elementary, Inc. » Negotiation
Nuts & Bolts to Due Diligence
What are the nuts and bolts of doing Due Diligence on a Business Opportunity? Of course this answer varies from business to business. In this post, we will discuss doing due diligence on B2B (Business to Business, i.e. Non-retail) businesses, such as manufacturers, service businesses and Distribution businesses. Naturally, you need to consult with legal and financial professionals in the process of doing due diligence, and even before you start. This post is informational in nature, … Read entire article »
Filed under: Business Tips, Due Diligence, 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