Moving A Business

Business By RisqueBusiness Updated 3 Mar 2007 , 4:04am by RisqueBusiness

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RisqueBusiness Posted 1 Mar 2007 , 3:03pm
post #1 of 32

well, I went to see the location that I checked out on the internet and even though the upstairs did look straight out of a magazine, the guy did excellent work!

The building is a cinder block building that was erected in or around 1950, originally it was a steel sink manufacturing place, it has a huge yard that another building could be put onto or paved for parking if I get that busy.

There are several areas that can be 'added' on to and the building has 3 kitchens, which could be made into 3 small living areas if I needed the income and a nice big square room that has all the washer and dryer hook ups that back up into one of the kitchens, or THAT kitchen can be made into a commercial kitchen, leaving me with the upstairs and I'd have to put a spiral staircase and make bedrooms downstairs...

and the other kitchen can be made into a studio apartment with a large bathroom ( yes the place also has 3 bathrooms..lol )

But the downstairs is a wreck!! it needs insulation and sheet rock and it has no AC ( we're in florida!) also...it has well water so I don't know if the township will approve of what I want to use it for...

I can extend the upstairs to make it larger and use the 2 living spaces downstairs for income..

so there is a lot of room for a lot of potential....now, just to convince myself to move my business 11 miles North, still wouldn't have walk by traffic nor would I have storefront...but , whatever money I pay, will be for my "OWN" space...

the highlighted red areas would be changes to be made, the black lines and room names are already there...
LL
LL

31 replies
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Pootchi Posted 1 Mar 2007 , 3:47pm
post #2 of 32

Wow! great opportunity!! Hope everything will work for you!
You deserve your OWN place!!!!
icon_smile.gif

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RisqueBusiness Posted 1 Mar 2007 , 3:56pm
post #3 of 32
Quote:
Originally Posted by Pootchi

Wow! great opportunity!! Hope everything will work for you!
You deserve your OWN place!!!!
icon_smile.gif




you are very sweet to say that!! thank you for your support! icon_lol.gif

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karensjustdessert Posted 1 Mar 2007 , 4:02pm
post #4 of 32

What a great opportunity...I think you may have already made your decision.
The big plus is...the money and time you spend will now be for something you OWN, not rent.
And I have no doubt that where you go, your customers will follow.

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RisqueBusiness Posted 1 Mar 2007 , 4:07pm
post #5 of 32
Quote:
Originally Posted by karensjustdessert

What a great opportunity...I think you may have already made your decision.
The big plus is...the money and time you spend will now be for something you OWN, not rent.
And I have no doubt that where you go, your customers will follow.




that's what worries me, but..if everything works out...I will be paying the SAME amount monthly but this will be mine!!

all mine...( insert maniacle laughter here.. icon_lol.gif )

so, off to harass SCORE!! and the SBA

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cocorum21 Posted 1 Mar 2007 , 4:22pm
post #6 of 32

I think that's awesome! I don't really see a downside if you are paying the same amount but you own it. It's great! thumbs_up.gif

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jen1977 Posted 1 Mar 2007 , 9:19pm
post #7 of 32

It looks great, especially if there is potential for rental income to help you make the payment! Is there any way to add a small storefront to it?

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RisqueBusiness Posted 1 Mar 2007 , 9:22pm
post #8 of 32
Quote:
Originally Posted by jen1977

It looks great, especially if there is potential for rental income to help you make the payment! Is there any way to add a small storefront to it?




I'm sure there is...it all just takes money. I just got off the phone a while ago with the SCORE man and he is coming to speak with me Sunday or Monday.

Since the loan will be for property, he can now help me..lol

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indydebi Posted 1 Mar 2007 , 9:25pm
post #9 of 32

Risque, if anyone can pull this off, YOU can! I'm in your corner cheering away!

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JoAnnB Posted 1 Mar 2007 , 10:01pm
post #10 of 32

What a great thing! You at least have an opportunity to ofset some of your overhead, and you have room for help, should you need it.

Best of luck!

edit to add:
And you won't be hassled by security when you want to work late!

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RisqueBusiness Posted 1 Mar 2007 , 10:25pm
post #11 of 32
Quote:
Originally Posted by JoAnnB

What a great thing! You at least have an opportunity to ofset some of your overhead, and you have room for help, should you need it.

Best of luck!

edit to add:
And you won't be hassled by security when you want to work late!




OMG you remember that..lol

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mkolmar Posted 1 Mar 2007 , 10:27pm
post #12 of 32

There is such potential with that building and it would be the same price that your paying now, I can't really see how you can go wrong! 11 miles more for quality cakes isn't that far of a drive. congrats on the new opportunity.

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RisqueBusiness Posted 1 Mar 2007 , 10:29pm
post #13 of 32

We will see..if it's for me then it will happen!

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mypastrychef Posted 1 Mar 2007 , 10:41pm
post #14 of 32

Just think you will eventually own it and it could be your retirement one day. I have moved 3 times and people followed me 16 miles away. Now I will be debt free in 2 yrs and my building is worth 3 times what I paid for it 2 1/2 yrs ago.

You are on the right track even if this turns out to be the wrong property.

And YES!! YOU!! DESERVE!! IT!!!
hahahah
mpc
www.mypastrychef.com

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nglez09 Posted 2 Mar 2007 , 1:05am
post #15 of 32

Congratulations Risque, I sincerely believe you deserve this and am very happy for you. I wish you well with this new adventure. thumbs_up.gif

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littlecake Posted 2 Mar 2007 , 1:48pm
post #16 of 32

YAY!!!!

i'm so excited for you!!!!

you need to get out of that itty bitty place and get somewhere you can spread out.

gee i wish insulation sheetrock and A/C was all i needed!!! HA HA

plus

it may be the same payment as what your paying now....but not always...that rent is gonna eventually go up.

they've raised my rent twice already!....

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RisqueBusiness Posted 2 Mar 2007 , 1:51pm
post #17 of 32
Quote:
Originally Posted by littlecake

YAY!!!!

i'm so excited for you!!!!

you need to get out of that itty bitty place and get somewhere you can spread out.

gee i wish insulation sheetrock and A/C was all i needed!!! HA HA

plus

it may be the same payment as what your paying now....but not always...that rent is gonna eventually go up.

they've raised my rent twice already!....




actually, no the lease stays the same as it is if I renew for another 3 years, but no matter what...what ever I'm paying will go toward something that is mine!

I can't wait to see how this turns out! This is PERFECT, God willing...I have a seperate living area, it's zoned mixed use..the work area has 2 outside doors I can close the one that acesses from the living quarters ( yeah right...you think I'm not going to sneak in there in my jammies late at night? lol)

I can't wait to talk to the man!!

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ChefAngie Posted 2 Mar 2007 , 1:54pm
post #18 of 32

CONGRATULATIONS!!!

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RisqueBusiness Posted 2 Mar 2007 , 1:56pm
post #19 of 32
Quote:
Originally Posted by ChefAngie

CONGRATULATIONS!!!




Not yet chef! Let's see what happens with the man from Score and the SBA people! and that the location doesn't sell to some God awful business..lol

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tincanbaby Posted 2 Mar 2007 , 2:13pm
post #20 of 32

You should not have any problems with the SBA as long as you can come up with their 10%down upfront monies and credit.

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RisqueBusiness Posted 2 Mar 2007 , 2:19pm
post #21 of 32
Quote:
Originally Posted by tincanbaby

You should not have any problems with the SBA as long as you can come up with their 10%down upfront monies and credit.




thank you for that tip! thumbs_up.gif

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MCook Posted 2 Mar 2007 , 2:20pm
post #22 of 32

I know you don't know me--just a fellow CC member--but I am sooo excited for you. I saw the pictures of the inside from a previous forum and was blown away--it was so cute with tons of potential. Now, looking at the floorplans and the changes you invision, this could be a really nice shop/ living quarters. How convenient!! Could you or friends & family do any of the renovations or work out a trade situation--cakes for sheetrock and/or labor? Also, who or what is SCORE and SBA? Sounds like organizations and people I need to know about for the future if I ever get good enough (and brave enough) to start my own busines.
I will cross my fingers and anything else that this all works out for you!

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RisqueBusiness Posted 2 Mar 2007 , 2:25pm
post #23 of 32
Quote:
Originally Posted by MCook

I know you don't know me--just a fellow CC member--but I am sooo excited for you. I saw the pictures of the inside from a previous forum and was blown away--it was so cute with tons of potential. Now, looking at the floorplans and the changes you invision, this could be a really nice shop/ living quarters. How convenient!! Could you or friends & family do any of the renovations or work out a trade situation--cakes for sheetrock and/or labor? Also, who or what is SCORE and SBA? Sounds like organizations and people I need to know about for the future if I ever get good enough (and brave enough) to start my own busines.
I will cross my fingers and anything else that this all works out for you!




S.C.O.R.E

somthing something something RETIRED EXECUTIVES..( my bad.)

S.B.A. Small Business Administration

they have free business counceling, seminars and training. They won't give you money to start a busines, but they will help you expand after 3 years or to purchase property or equipment...key work is HELP...but it takes forever! lol

there are SCORE chapters in every area, you can go online and check them out...you fill out a form and they hook you up with someone in your area...like a mentor.

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ksimp6577 Posted 2 Mar 2007 , 2:35pm
post #24 of 32

What an exciting opportunity for you, and an amazing space! Good luck!!

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MelZ Posted 2 Mar 2007 , 2:44pm
post #25 of 32

Moving a business is a hard decision to make, but if you can own the property for the same amount as you're currently paying that is such a bonus!

I can't imagine you would lose any of your current customers just because you moved 11 miles away and just think of the new customers you will find.

Sounds like you put a lot of thought and planning into this move. I hope everything works out just they way you want it to. Good Luck in your venture.

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paolacaracas Posted 3 Mar 2007 , 12:26am
post #26 of 32

Risque don't move just jet!!!! I'll be flying to north Miami next week and I WANT TO GO AND VISIT YOU!!!!

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RisqueBusiness Posted 3 Mar 2007 , 12:29am
post #27 of 32

oh pooh..that means I have unpack my boxes now..lol.

Nah..it's going to take a while.......!

did you make your flamenco shoe yet?

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crumbscakeartistry Posted 3 Mar 2007 , 12:36am
post #28 of 32

It sounds like a great oppurtunity for you. The building sounds like it will be a nice investment, esp. since to rent or own is the same price. Just think when you are ready to retire you can rent out the kitchen (which people always need) and have a nice steady income. Good luck and all my best.

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Beckalita Posted 3 Mar 2007 , 12:41am
post #29 of 32

What a great opportunity for you Mara!!! I'll be crossing my fingers for you, even if it does mean you'll be moving farther away from me icon_sad.gif LOL

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tincanbaby Posted 3 Mar 2007 , 3:16am
post #30 of 32

SBA will give you money for start ups IF....
you buy your building/land/ and any equipment that has a life of 10 years or more. If you pass the credit history and if you have 15% of monies for down payment plus your share of closing. If you have done your business for 2 years they will lower the % to 10% down payment.

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