Published on May 23, 2007
Retail Location Selection and Leasing Strategies Andrew Hetzel, Cafemakers LLC
Retail locations determine the potential success of a business
Suitable sites and leasing conditions create advantages
Intuition and common sense are a gamble
Know where you want to be and why
Develop a location profile for your business
Go where the money is
Identify your customer
Convenience is king
Image is closely tied to location
Analyze the trading area
GIS software maps key data
Time is the measure of distance
Consider quality and characteristics of the population
Consider the cost and availability of store locations
Analyze your competitors' trading areas too
Don't forget about availability of labor
Select the style of site that represents your business
Are you a destination or a parasite?
Identify the size and operational requirements
Isolated stores are adaptable
Business districts offer variety
Shopping centers offer strength in numbers
Everything is negotiable
Landlords balance risk versus dollars
Maintain a positive approach
Set the boundaries of your agreement
Choose an experienced commercial real estate attorney
Letters of intent give you a foothold
Leave nothing to speculation
Have your side draft the lease
Some clauses add tenant value
Choose a term to match your business plan
Renewal clauses hedge your bets
Tenant improvements are your biggest opportunity
Step up rent gives new businesses a break
You can delay rent commencement
Caps put a limit on skyrocketing expenses
Co-tenancy clauses protect you from uncertainty
Beware of clause
CPI rent increases kick you when you're down
Percentage rent makes your landlord a silent partner
Administrative fees can grow unchecked
Continuous operations clauses block your exit
Indemnity goes both ways
Non-disturbance agreements combat subordination
Personal guarantees make you liable
Damage clauses can force you out
Always get notice for default
How do we keep track of all this information?
A good business will not succeed with a bad location
Use the assistance of professionals
Up-front planning can save or make you a substantial return
Every location should be a profitable asset to your business
Andrew Hetzel Cafemakers LLC www.cafemakers.com (808) 443-0290
The Distribution Model recommends the optimal selling location of a vehicle that maximizes the expected proceeds at auction while minimizing the associated ...
Calibrates values to mileage, location, condition and equipment configurations; ... © Copyright 2013, Leasing Strategies, LLC. All Rights Reserved. ...
A location strategy is a plan for obtaining the ... A company's executives and managers often develop location strategies, ... by leasing facilities ...
location-leasing-strategies Retail location and leasing strategies presentation
Growth Strategies. Lead. ... How to Evaluate Your Office Leasing Strategy. ... How to Choose the Right Franchise Location. Leasing an Office ...
Merchandising & Leasing Strategies. Strategic Advisors to the Real Estate Industry: ... on an analysis of the location, competitive retail environment, access,
Posts about leasing strategies written by John Highman. ... Delve into location issues, and then improvement requirements in any property to be leased.
Ob sich eine Immobilie bereits in Ihrem Besitz befindet, beim Gebäudekauf oder beim Neubau: Die Deutsche Leasing hat das passende Finanzierungsmodell.