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Jun. 27 2007 at 11:09 PM
No Photo Posted by: sdlewis
I am starting to seek out commercial warehouse space to lease.

What advice do fellow entrepreneurs have to offer?
Jun. 28 2007 at 12:30 AM
Raisecapital02 Posted by: Raisecapital02
How much warehouse space are you looking for? Just like any lease, you have to make sure the lease works for you. Are you going to be delivering from this space, and will trucks be dropping product off to ship. Will you be there all the time? Raise Capital in 90 Days Online
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Jun. 28 2007 at 8:33 AM
tikki50 Posted by: tikki50
check on insurance rates, and double check the agreement for what your responsible for in the lease. He who gets greedy like a pig, gets slaughtered like a hog.
Jun. 28 2007 at 10:14 AM
No Photo Posted by: sdlewis
Thank you for your reply Raisecapital02 and tikki50.

tikki50 - Thank you. I am adding your suggestions to my list.

Raisecapital02 - Well the size so far is looking to be around 7K sq ft. I would like a larger one but I am trying as hard as I can to keep start-up costs low due to not having any money at this point.

We will need to move product in and out of the location.

My business with be receiving surplus IT equipment from clients who have hired us to either recover as much capital from the equipment via remarketing or proper disposal via recycling and selling components on the secondary market.

I am interested if fellow SuN members have any suggestions to be aware of.  Any experiences that if done over again you would do differently. I am reading as much as I can on the subject of commercial leasing and will eventually move forward but am doing what I can to be informed.

Thanks again.
Jul. 09 2007 at 6:55 PM
nevadascul Posted by: nevadascul

Hi  Sdlewis ,

 

First, I would make sure you needed to lease a warehouse as apposed to using a third party warehousing operation.  It’s vastly cheaper to pay somebody with and existing warehouse to handle your warehousing needs than to lease a warehouse.  It depends on the volume of merchandise you are moving.

 

If you do lease a warehouse, have a knowledgeable real estate agent review the lease.  Commercial lease are not like home lease.  Maintenance clauses for example, need to specify who is responsible fro both inside and outside maintenance.  One person I know leased a facility.  When the roof started leaking after the first rain storm, that person found out their lease agreement did not cover outside repairs.  Nor did the lease cover damages to the product from the water that leaked in.

Goals are attainable at any age. It just seems to take longer the older we get.
Jul. 10 2007 at 1:00 PM
No Photo Posted by: sdlewis
Thanks nevadascul!

I will use your advice.
Steven Lewis
------------
“Do or do not... there is no try.” - Yoda
Jul. 18 2007 at 2:41 PM
No Photo Posted by: jgeorgie33
I'd like to hear some more info on this topic, too. I want to rent a studio space to have more of a place to work out of.

I'm thinking I'd want about 700-1000 sqft and I have about $1000-$2000 a month to spend. Is that even feasible? If I'm not running a business, will I still need to pay for insurance and CAM? Are there any other fees which I don't know about?

Thanks!


Edited by: jgeorgie33 - Jul. 18 2007 at 2:41 PM
John George
merchant services
Jul. 18 2007 at 4:02 PM
nevadascul Posted by: nevadascul

Hi jgeorgie,

 

First, what do you need the space for?  Are you just processing transactions or shipping product?  Have you considered sharing an office with someone?  Many businesses in the Vegas area lease an office space in an existing business.  All the tenants in this arrangement pay for the receptionist and upkeep of the common areas in the office.  They also have free use of the conference rooms and meeting rooms within the main office area.  This is a much cheaper and faster way to setup an office.  

 

If you are shipping a limited amount of product, you could also share an office with someone with a compatible business.  This arrangement might also drive additional business your way.  Or, you could have a 3rd party warehouse (public warehouse) handle your product and shipping needs.  You would ship them your product to warehouse.  When you get an order for product, you fax the order to the warehouse.  Their staff would handle everything else.

 

As far as insurance, you always need insurance.

 

Goals are attainable at any age. It just seems to take longer the older we get.
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