1. Location Location Location

2. Which Way Should I Go?

3. Need Help in Making Travel Plans
What are all the questions you would need to ask in order to know . . .
“Which Way Should I Go?”

4. Which Way Should I Go?
How do the questions we asked about my travel plans relate to those questions that would need to be addressed for where to locate a business?

5. In this Section of Your Business Plan
Factors that influence site selection
Different factors to consider for type of business
Service vs. Retail vs. Manufacturer
Information on where to locate
Determining to lease or buy
Trends in location
Layout and interior design of business

6. For Tomorrow Worksheet- Article- Preliminary Thoughts on Location
Entrepreneur Magazine
Location, Location, Location
Identify key points
Due Tomorrow

7. Options for Site Selection
Two options
Lease
Buy
Why might a person rent (lease) an apartment?
Why might a person buy a home?
Why might a business lease a site?
Why might a business buy a site?

8. To Lease or To Buy Buying a Space Advantages Tax Benefit
Develop equity
Disadvantages
Initially a large expense
Locked into a location
Added expenses

9. To Lease or To Buy Commercial Lease What do we call the following?
Owner/manager of the property
Leasing agreement
Person leasing
What is generally covered on the lease?

10. Types of Leases Gross Lease Net Lease Percentage Lease
Landlord covers everything from the
rent paid by the tenant
Net Lease
Tenant would have additional expenses after rent, such as taxes, heat, etc.
Percentage Lease
Most common
Rent + % of sales
Anytime this may be good?