Ready to take your great idea to the next level? I’ve got you covered.
Launching a business is exciting but challenging. Some people get started in co-working, others kick things off online, and some find themselves living in a workshop that used to look a lot like their home.
When the time comes to take the next steps and open your first, brick-and-mortar location, you need a real estate partner with the knowledge, patience, and skills to guide you to success.
Knowledge is power
As a new business owner, the need to be informed is greater than ever. Your business and your personal finances will be examined under a microscope. The better prepared you are, the better the outcome will be. Not only for your property acquisition but also for your business.
Did you know?
Startups with a comprehensive pitch deck, business plan, and financial projections for the first three years of business have a much higher likelihood of securing a lease than those without.
Ideally, no more than 10% of gross sales should be budgeted for rent payments. Knowing your projections lets you determine how much rent you can comfortably afford without wrecking your cash flow.
A startup is defined as any business with two years or less of business tax returns. Even if you have worked in your industry for many years, your business needs to show financial history. If you don’t have at least three years of business tax returns, you must provide your personal tax returns and, most likely, personally guarantee the lease commitment.
Almost all landlords will require a hard personal credit inquiry before signing a lease with a new tenant. The stronger your financing and business plan, the better — especially if your credit isn’t perfect.
Why do I love working with startups? Because I’ve been there.
A few years ago my journey to becoming a commercial real estate broker began. It wasn’t planned and it wasn’t the direction I thought my life was going at the time.
It started because I was in a place you can probably relate to. I had a business I’d been incubating for about five years as a side hustle. I had been working for the same company for eight years and I was ready to take the leap and venture out on my own. I was good at what I was doing and my flock of loyal customers and followers was growing steadily and organically.
I was brave and energetic, the way most young entrepreneurs are. I was operating out of my home and having trouble separating my personal life from my work, both physically and mentally.
I was ready to open my own storefront, or so I thought. I poured every resource and ounce of energy I had into trying to make it happen. After more than two years, I found myself stressed, exhausted, broke, and still not in the space I had dreamed of.
What I thought was a failure at the time turned out to be the biggest opportunity of my life. My experience opened my eyes to a new path and a new career in commercial real estate. If it sounds like I gave up, I didn’t. I did what we entrepreneurs do, I made it work.
Today, I embrace business owners ready to secure a stellar new property. My approach is based on relatable experience, support, and insight. My mission is to be the resource I needed back then for my clients today. If I knew then what I know now, I would be elsewhere. Instead, my goal is to get you there.
Let’s do this
I’ve designed a suite of tools and resources to help guide you as you take on the commercial real estate process.
Complete the form below. Once you hit submit you’ll be directed to a download that will help you prepare for our first meeting. I’ll be in touch soon to set up a time for us to chat!