Negotiating Your Lease
In This Chapter
Your monthly rent will be your most stable overhead cost, a reliable cost that can help maximize profit. Most commercial leases are for 10 years, with two 5-year renewal options. Locking in a rent that isn’t more than 6 to 7 percent of sales is essential for financial success.
In Chapter 5, you learned the equation to use to see if you can make a good profit in a space. Now we’ll help you negotiate a good lease ...