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Brian has it right. Though he did mention if you negotiate the Electrical and A/C into your lease, you will save huge $$ for start up costs. I just did this with the store I am building right away.
They included 600 amp three phase and 20 tons of A/C in the lease to my spot. That could have cost me 50K or better if I did that myself.
Personally, If I didn't have two stores pretty much paid off already to help "float' the new one until it gets established, I wouldn't stand a chance as it is grim in the beginning. Having two other stores for promotion helps too.
I think getting into this business now without a true recipe from a hugely successful set up is suicide. I would never start over in this business. I was just lucky enough to scrape by for many years to pay stuff off and now it is starting to come alone. Even though expenses keep going up on other things and keeping clients gets harder and harder.
I think I would rather open a laundry mat somedays. At least I understand the electrical. |
May I ask then what your opening expenses were? If Brian "has it right" you spent $300,000 to open after your electrical and air was paid for by landlord?