Highland Park, Illinois: Frontline Real Estate Partners knows purchasing a first retail spot can be daunting. Frontline outlines a list of expert tips to help all new buyers purchase with confidence and knowledge.
Know the business and the budget. When looking to purchase a retail space, think about how much room is needed. If the business will grow in the future, remember to also budget for remodeling and renovations. Laying this groundwork allows potential buyers to plan for unexpected expenses.
Location is key. Think about the community to be served, employees, customers and caveats to safety and security when entering or leaving the building. Also, consider the amenities the establishment will offer to customers and the staff.
How much time will the owner occupy the business location? Know the hours of occupation, distance from home and if a landlord or manager would need to be on duty at times in place of the owner.
Understand the stipulations of the lease or the buyout contract. If starting out in a lease, there may be a set number of years required for holding the lease. Seeking the legal advice of a real estate attorney is beneficial to achieving peace of mind before signing on the dotted line. Frontline Real Estate Partners can help with this entire process.
For more information about buying or selling commercial real estate in Chicago, visit the website at the Frontline Real Estate Partners or call 1-847-780-8065.
About Frontline Real Estate Partners: Frontline Real Estate Partners acts as a strategic real estate advisor for traditional real estate, bankruptcy or restructuring situations. The team also acts in a principal capacity to acquire certain assets. Frontline is committed to clients and demonstrates this commitment through experience, professionalism and sophistication. With special expertise, the Frontline team is able to evaluate real estate options quickly and provide timely and accurate feedback.
Company: Frontline Real Estate Partners
Address: 477 Elm Place
City: Highland Park
State: IL
Zip code: 60035
Telephone number: 1-847-780-8065
Email: info@frontlinereparteners.com
