amez1974
03-22-2015, 03:31 PM
I would love to get some feedback.
My husband and I are looking into opening a small ladies boutique in the 1500 sft range. We live in an area with an up and coming Main Street area and we are torn between two locations on the Main Street. We are really torn on these two spots:
Site A is about 23'x85' with additional office space/storage in the back. It is very open with probably 12-15' tall tin ceilings that are painted a horrible color--we would have to pay someone to paint the entire ceiling. It was previously a deli type establishment and the owner would have to remove all the "stuff" for that and then we are left with one large, long room. It is a bit longer then what we could fill with apparel (we have our own funds and don't wish to borrow) We would have to repaint walls/ceiling and build our own fitting rooms as well as create a barrier to cut off part of the back of the store. The floors are the old white tile and would at some point need to be carpeted, hard wood, something. The owner will be replacing the roof on the back area space and plans to create an entire new facade on the front as well as create a stairwell to the upstairs. It was shut up years ago and he has plans to improve the building. We asked him what he wanted in rent and he said he would work with us and to come up with a number :( The lady next door who rents from him in a basically identical set up pays $500 a month. he bought the building a few months ago, so we aren't sure if he is okay with that as an amount or not, but if we made an offer it would be in the $500 range. He is a newer property owner, but the lady who rents the other side has been very happy with him as a landlord.
Site B is 19'x80ish'. This includes the small office and restroom in the back. Overall it is in much better condition--facade has been overhauled already, nice durable carpet, updated paint and lower ceilings, nice woodwork, good lighting. However it has been set up with an office about midway back--it actually has a large door and fancy window in which you can see through. We could remove the door and keep the window open, but it's a permanent structure. A smaller office or storage area in the back would easily convert to fitting rooms. The space is in really nice shape, but is sort of choppy with the extra room and a few nooks throughout. The owner wants $700 for this space and said he can start us with a year long lease. He is an established business owner and owns and rents several Main Street Properties.
A needs a lot more work and $ to get it going and would probably take longer to get into. It does have a nice open floor plan.
B is really move in ready--just the cosmetic stuff we want to change and setting up our stuff. How do you feel about a ladies boutique with a few rooms versus an open floor plan?
Both are excellent locations, good parking, and great store front display windows. Opinions please---we keep weighing the pros and cons, but just can't decide what might be the best!
My husband and I are looking into opening a small ladies boutique in the 1500 sft range. We live in an area with an up and coming Main Street area and we are torn between two locations on the Main Street. We are really torn on these two spots:
Site A is about 23'x85' with additional office space/storage in the back. It is very open with probably 12-15' tall tin ceilings that are painted a horrible color--we would have to pay someone to paint the entire ceiling. It was previously a deli type establishment and the owner would have to remove all the "stuff" for that and then we are left with one large, long room. It is a bit longer then what we could fill with apparel (we have our own funds and don't wish to borrow) We would have to repaint walls/ceiling and build our own fitting rooms as well as create a barrier to cut off part of the back of the store. The floors are the old white tile and would at some point need to be carpeted, hard wood, something. The owner will be replacing the roof on the back area space and plans to create an entire new facade on the front as well as create a stairwell to the upstairs. It was shut up years ago and he has plans to improve the building. We asked him what he wanted in rent and he said he would work with us and to come up with a number :( The lady next door who rents from him in a basically identical set up pays $500 a month. he bought the building a few months ago, so we aren't sure if he is okay with that as an amount or not, but if we made an offer it would be in the $500 range. He is a newer property owner, but the lady who rents the other side has been very happy with him as a landlord.
Site B is 19'x80ish'. This includes the small office and restroom in the back. Overall it is in much better condition--facade has been overhauled already, nice durable carpet, updated paint and lower ceilings, nice woodwork, good lighting. However it has been set up with an office about midway back--it actually has a large door and fancy window in which you can see through. We could remove the door and keep the window open, but it's a permanent structure. A smaller office or storage area in the back would easily convert to fitting rooms. The space is in really nice shape, but is sort of choppy with the extra room and a few nooks throughout. The owner wants $700 for this space and said he can start us with a year long lease. He is an established business owner and owns and rents several Main Street Properties.
A needs a lot more work and $ to get it going and would probably take longer to get into. It does have a nice open floor plan.
B is really move in ready--just the cosmetic stuff we want to change and setting up our stuff. How do you feel about a ladies boutique with a few rooms versus an open floor plan?
Both are excellent locations, good parking, and great store front display windows. Opinions please---we keep weighing the pros and cons, but just can't decide what might be the best!