A commercial lease can be quite lengthy in time, and as a physical document. As I mentioned earlier, starting with a strong Letter of Intent and proposal will have helped determine negotiation points early on, so drafting and negotiating the lease can be an easier process. It will still probably take a few months, after which you should have a lease that’s ready to review and sign. We were so excited to get our lease after what...
Read MoreWow, has it been a crazy few months! We started the process of looking for locations a while ago, had found a great location, but what took some time was the due diligence process to make sure we’d actually be allowed to follow our plans through on the space before we sign the lease. Now that pre-lease due diligence has been cleared through, we can finally move forward into the process of drafting and negotiating the lease!...
Read MoreOur original idea has always been to start our coffee shop from square one with our own concept and vision… but there was the one time we almost bought a coffee shop. I had no idea where to start in the variables to consider with this decision, but for the short time period this option was available and running through our minds, I gathered some insight for future reference. These basic and introductory points are a good...
Read MoreStorytime! Sometimes I hold off on posting things that come up in this process while we’re in the midst of them, because it’s hard to describe your thoughts when you’re caught up in the whirlwind of things. It helps for the dust to settle and then look at it with a clear perspective, so I suppose now is a better time than any to tell you about the one time we almost bought a coffee shop! Know this post is less...
Read MoreI don’t know how starting a coffee shop normally goes, but this part [post-location find/pre build-out] has been the most complicated so far! I now understand why there aren’t a lot of online resources to prepare you for the technicalities of opening up a shop. They tell you the basics to look out for, and the importance of contacting the permit/licensing authorities involved, but how do you prepare for things you’re...
Read MoreI should be updating you guys more, but lately it feels we’re a bit in limbo throughout the process as we’re in between steps, still awaiting answers, and figuring different things out! I’ll be sharing more in the future, but in the meantime there are so many uncertainties so you’re waiting, because we’re waiting. =] But, I do have an update to share: we’ve found a space we’re interested in!...
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