Greetings to all,
Anyone who has any experience in the skilled art of negotiating a lease agreement for a retail business, I would greatly appreciate your assistance. Information is as follows: I am looking to establish my business, but not quite sure of the nuances of the negotiation process. I`ve heard about CAMS, price per square foot, Insurance and even a percentage of profits to the landlord. But haven`t heard much about the marquis or advertising sign, completion of buildout (drywall). I`d guess I`d do my own painting, carpeting and electrical wiring. I am in southern California, and have been finding the price range averaging at or about 2.00 to 3.00 per square foot. I am looking to obtain approximately a 2200 sq ft facility. Since this is my first store I am trying to keep my overhead low, but at the same time give myself the best chance at success.
If you have any experience in negotiating for a commercial lease, I`d greatly appreciate your assistance. Thanks