I am looking into moving into shop space for the first time.
I recently found a possible spot near by that is available for rent.
Can you give me any advice on things to look for in a space as well as questions to ask?
This particular place is just an empty space from what I can tell (only seen it from the outside windows). So I would prolly have to bring in equipment, furniture etc. (and actually if you have any input on that, Id love to hear it!)
Thanks!!
Most commercial spaces will charge a percent of your sales or a percent of sales over a certain amount. I'd get ALL the terms and conditions clear up front.
It's not been my experience that the building owner takes a percentage of sales. You rent a storefront and pay a set amount each month, just like renting an apartment. Utilities may be part of the rent or separate. The worst part for a business, is having to bring the store up to code and footing the bill. These expenses - plumbing, gas lines, floor, walls, etc., it's usually all your responsibility.
Think about all the equipment you'll need, measure the space, find the gas and water lines, draw a floor plan, and check with your licensing agency to see what is necessary. Good luck.
Most commercial spaces will charge a percent of your sales or a percent of sales over a certain amount. I'd get ALL the terms and conditions clear up front.
Yep I ran into this in my town. Bummer
A percent of sales?!? I've never heard of that other than at the farmer's market I did one year. Are you kidding me?! That's crazy...
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