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That is one of the best things about our community. We have real small business owners coming on here asking their questions while also sharing their own experiences as to what has and what hasn't worked for them.
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Thank you very much, this is all helpful!!
I've been wanting to lease space to operate and run my cake business and have made a big small step towards doing so. There is a storefront in my area that is available and looks to be a perfect location to set up my cake studio so I inquired about the space and made an appointment to view it with the landlord! I have no idea what is all involved in leasing commercial real estate and did quite a bit of research on the different types of leases offered etc. and I'm feeling a bit discouraged and overwhelmed! I feel like I have things ready to go as far as business plan, license, clients, marketing etc. but when it comes to actually leasing a space I'm in a whole new world! I just want a space I can make and sell my cakes out of! What should I do? Do I need a lawyer? Should I not negotiate lease terms on my own if I happen to like the space? What about financing, when and where do I go for financing (bank, credit union)? My credit score is excellent but will I have issues securing a loan because I'm a sole proprietor and this is all new for me?? I'm in NYC and need a little help and direction. Thank you.