Starting a business, opening up a store, expanding and growing are all exciting things. A lot needs to be done, a lot happens.We grow, we learn, we discover, we face fears on many levels, we take the plunge and suddenly we are signing leases, getting into contracts, inspecting the premises, looking up what being a covenantor means, finding money to put down on a bank guarantee, discussing what incentives will be part of the lease and deciding on whether an option could have been thrown in.
Suddenly you find yourself in the deep and murky territory of leasing. The land of landlords and tenants, shop sizes and locations, shopping centres and strips, the list goes on and on. It is a land where having a map and some guidance can make or break the journey.
Retail leasing is a highly complex, specialised area that requires professional expertise and advice.
Remember that the average retail store will cost well in excess of $1 million for a five year lease including fitout, rent and other charges.
So before you sign your life away, talk to the retail experts who can help you make your retail journey a successful one.