Choosing A Location Based on Your Target Market

A young couple looks into a storefront window with shopping bags and drinks in their hands.

You’ve got a great idea. You’ve got a great business plan. Now, all you need is a great location to see it all come to fruition. 

The Small Business Administration cites that more than 30.7 million small businesses open each year. You may think online sales are king, but for restaurants and retail, brick and mortar stores are vital for success. 

Some retail companies closed stores this year in what’s been coined a “retail apocalypse.” Yet, for every company that closed a store, 5.2 companies opened new locations. 

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Gross And Net Leases: What’s The Difference?

Someone signs a modified gross lease for a commercial real estate property.

Searching for a new business location can be fun. That is until you face the confusing plethora of lease types. Commercial real estate leases will differ depending on the property and the landlord. Gross and net leases are standard property leases that you may encounter as you narrow your search for a location. 

What’s the difference between a gross and net lease? Learn more about these types of commercial leases, so you can decide which is right for you and your business. 

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Before You Sign, Check These 4 Lease Provisions

A commercial lease agreement sits on a wooden table next to a pair of glasses, money, and a pen.

Your business needs a new space, and you’ve found the perfect location. Before you sign on the dotted line, be sure to read your current lease carefully. You may have obligations to fulfill before you can move out of your space and into a new one. 

You should always review your old lease prior to entering a new commercial lease agreement. What provisions, or clauses, are in the lease? What do you have to do to move out? Can your landlord show the property in the meantime? Your lease agreement should provide answers to how you and your landlord will move forward. 

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How To Find The Right Location For Your Business

After finding the perfect commercial real estate property, a welcome sign hangs on the door.

Finding the right space for your business can make all the difference. You need to find a location that’s right for you and your customers. Before you begin to look for a new location, you’ll want to take your space, customer, and budget needs into consideration. Knowing the answers to these three questions can help you find the perfect place for your business.

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