|
New To The Tanning Business Interested or Future Salon Business Owners discuss Topics Here and Ask Questions To The Pros. |
| LinkBack | Thread Tools |
07-28-2006, 09:45 AM | #1 (permalink) |
Join Date: Jun 29 2006 Location: Ma
Posts: 37
Rep Power: 0 | Lease negotiations? the space im looking at is 1200 sq ft, $15 a sq ft, with Triple net lease.. any suggestions on negotiations here? i was thinking of asking for a $10-12 sq ft lease for 2 yrs then another 3 yrs at $15..the first 2yrs lower cause this is a new business and need to get it growing..this this would be reasonable to offer. ? what would u also recommend on neg. for the 1st months rent as this would be my build out month? all suggestion would be great... thanks whit |
07-28-2006, 09:51 AM | #2 (permalink) |
Join Date: Feb 1 2006 Location: Tennessee Age: 62
Posts: 2,077
Rep Power: 103 | Re: Lease negotiations? The only thing that anyone can recommend that will make sense is to know your market. Lease, like everything else in business, is supply and demand. If you are in a strip mall that has 3 empty bays, negotiate for a better deal. If you are in a center that is full and people are lined up behind you to get the spot, not a lot of use in negotiating. Either take it or pass, depending on how it fits your budget and your overall business plan. Sorry I can't offer more specific info.
__________________ Waiting list candidates 96,910 as of July 8 2007 at 4:23pm www.caregivertalk.org online caregiver support group |
07-28-2006, 09:58 AM | #3 (permalink) | |
I love Derf!! Join Date: Apr 5 2006 Location: British Columbia Age: 51
Posts: 447
Rep Power: 18 | Re: Lease negotiations? Quote:
I have got a spot (1340 sq ft) and done the whole buildout in 3 weeks, but I lost 15 pounds and worked my a$$ off. I had to cut a few corners to get it done. I have to go back now and fix some drywall mistakes and finish putting up the crown molding.
__________________ www.islcovetravel.com | |
07-28-2006, 02:48 PM | #4 (permalink) | |
Join Date: Jun 29 2006 Location: Ma
Posts: 37
Rep Power: 0 | Re: Lease negotiations? Quote:
what do u mean by an allowance?? not familiar with it.?? the build out im sure i can do in 2 months with my father in law, he builds houses for a living | |
07-28-2006, 02:54 PM | #5 (permalink) |
Join Date: Feb 1 2006 Location: Tennessee Age: 62
Posts: 2,077
Rep Power: 103 | Re: Lease negotiations? Anything that you do in the buildout is going to belong to the landlord when you leave. See if they will help with some of the expense
__________________ Waiting list candidates 96,910 as of July 8 2007 at 4:23pm www.caregivertalk.org online caregiver support group |
07-28-2006, 03:01 PM | #6 (permalink) |
Join Date: Jan 21 2002
Posts: 2,709
Rep Power: 23 | Re: Lease negotiations? you should negotiate the hold over fees, management fees-- if applicable, CAM caps, and frankly a flat rate lease is far better for you than a graduating lease. JMHO
__________________ [IMG]Avatar locations copied, will not show up as pics.[/IMG] Banned "forever" twice ~ yet I can still post here...:lol: |
07-28-2006, 03:03 PM | #7 (permalink) | |
Join Date: Jun 29 2006 Location: Ma
Posts: 37
Rep Power: 0 | Re: Lease negotiations? Quote:
| |
07-28-2006, 03:05 PM | #8 (permalink) | |
Join Date: Jun 29 2006 Location: Ma
Posts: 37
Rep Power: 0 | Re: Lease negotiations? Quote:
bare with me im new to this.... what are hold over fees, mgmnt fees, etc ? also since he is asking $15 sq ft, try and negotiate for $12? is that reasonable or should i try lower? | |
07-28-2006, 03:08 PM | #9 (permalink) |
Join Date: Jan 21 2002
Posts: 2,709
Rep Power: 23 | Re: Lease negotiations? Unless you have a sweeett lease capped cams, no management fees low hold over fees and renewl option negotiated that 5k build out they might throw in will end up costing you 15k + by the end of your lease. It's like this--- someguy will give you a 25.00 bucks a day for 2 years or give you 1000 bucks right now.. which one would you choose?
__________________ [IMG]Avatar locations copied, will not show up as pics.[/IMG] Banned "forever" twice ~ yet I can still post here...:lol: |
07-28-2006, 03:11 PM | #10 (permalink) |
Join Date: Feb 1 2006 Location: Tennessee Age: 62
Posts: 2,077
Rep Power: 103 | Re: Lease negotiations? Try these sites to learn about lease terminology http://www.firstmartin.com/define.html http://international.syr.edu/knowled...seglossary.htm http://www.cityfeet.com/Tools/Glossa...px?PartnerPath=&
__________________ Waiting list candidates 96,910 as of July 8 2007 at 4:23pm www.caregivertalk.org online caregiver support group |
Bookmarks |
Currently Active Users Viewing This Thread: 1 (0 members and 1 guests) | |
Thread Tools | |
| |
Similar Threads | ||||
Thread | Thread Starter | Forum | Replies | Last Post |
To Lease or not Lease... | jcruz82 | Tanning Salon Management | 7 | 06-13-2006 10:29 AM |
Lease negotiations... | cocotan | New To The Tanning Business | 0 | 07-27-2005 04:09 PM |
Lease Negotiations | cbritt927 | New To The Tanning Business | 10 | 06-12-2005 07:59 PM |
lease negotiations... | cocotan | New To The Tanning Business | 3 | 05-05-2005 10:49 PM |
Signing a lease | Tanmand | New To The Tanning Business | 1 | 03-20-2004 02:04 PM |