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MarijuanaBusinessNews.Com
Marijuana Club Startup Guide

Store Lease

You will probably need to pay the first and last month’s rent on your commercial space. Remember also that a lease is a long-term commitment. Make sure it is a place you want to be. 

Note: It is not a good idea to try to fool your landlord about what you are doing. You wll do better in the long run if you are honest with your landlord about your business.

We all know that the Internet has made it easier to research the commercial real estate listings. There are a growing number of sites with information on commercial property for lease or sale, including offices, warehouses and retail space. But brokers warn that it's difficult for an entrepreneur to find a comprehensive list of commercial property listings without becoming overwhelmed by the options. 

Where to look for your business's new location:

  1. Search the Internet: Scope out web sites specific for your city and area and specializing in commercial property listings for lease or sale.
  2. Newspaper/Local Publications: Daily newspapers and weekly business publications, as well as the Wall Street Journal, continue to list commercial properties.
  3. Consider hiring a commercial real estate broker: These professionals know the market and have access to subscription-only commercial property listings.
  4. Surf broker sites:  Commercial brokerages make it easy to search their listings, although you'll see only the properties they're listing
  5. Look off the beaten path: Auction sites, auctioneers and even Craigslist offer properties for lease and sale.
  6. Flexibility about property types: Be flexible about propert types, sometimes so-called office space can be set as a retail storefront. Warehouse space can be used in some cases.  

Prices

In the San Fernando Valley you can expect to pay between $1.25 per square foot up to $5.50 per square foot and up. Rates are per month.

In West Hollywood you can expect to pay from $2.00  up to $15.00 per square foot per month and up.

Space: Varies per location as small as 150 SQ FT to 15,000 SQ FT or larger.

Type of Locations:  Some are designed for free standing store front retail and mini-mall store fronts, and others are designed more like office retail space. Look for locations that are somewhat prebuilt to what you will need. For example, many clubs are located in what were formerly offices for doctors, dentists, and chiropractors. These offices are usually pre-built with a waiting room and a window where clients can be checked in. In the right office, you may not need to do much more than add your security systems and repaint.

Type of Lease:  Month-to month, yearly and multiple years.

Some Helpful Links:

http://losangeles.craigslist.org/

http://loopnet.com/

http://www.business.com/popular/retail_properties_for_lease

http://www.comercialproperty.org/

http://www.CoStar.com/CommercialRealEstate

http://www.remax.com/commercial/index.aspx

 

 

 

 

 

 

 

 

 

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