Wednesday, November 28, 2012

Start Ups:5 Key Questions you should ask suppliers before doing business.

1. What are my payment terms and are they negotiable?
While payments for invoices are often due within 30 days, you can talk to your vendor about getting 60 or 90 days.

Great retail locations - contact Sharp Realty

2. What will my total costs be?
While a supplier might give you a quote for the cost of a product or materials, be sure to ask about other fees. For example, are there delivery fees, fuel surcharges or restocking charges for returns that you must pay?
3. Can you give me a liability insurance certificate? Your suppliers should provide written proof that they have adequate liability insurance in the event that their products or parts malfunction. Get a new copy of the liability insurance certificate each year.

 4. If a product does not sell, are you stuck with it?
You don't want to get stuck with a finished product that flops or the parts and raw materials for a product that doesn't sell. Talk to your suppliers about their return policies. You want to negotiate the opportunity to return unsold products or materials.
 Great Retail locations - contact Sharp Realty
5. Under what circumstance might prices change?  
Ask what determines a change in price. Is it tied to inflation or an industry index? If prices go up, how much notice will you receive?

For great information and retail locations available for lease contact Sharp Realty or follow us on Facebook or Twitter.

Sharp Realty
400 Union Hill Drive, Suite 300 Birmingham, Al 35209

Sunday, November 11, 2012

6 Smart Tips for Leasing Commercial Real Estate.

Securing your first commercial real estate lease can be scary. Below are six point to consider before signing the lease whether as business owner or franchise owner.

  • Evaluate your space needs. Do you plan to grow your business? Your lease term will likely be for many years, so plan accordingly.
Madison Georgia - Retail Real Estate - Sharp Realty.

  • View a lot of properties. Make sure you're comfortable with the price of comparable spaces before making your final decision.
  • Ask about how active the landlord is with advertising and using social media.
    With todays “social” world, most leasing management companies are using social media as a great form of connecting with the public to drive traffic to malls and shopping centers.
  • Look for hidden expenses in the agreement. Charges above your fixed or base rent, like operating expenses, can surprise novices. They may not be in the term sheet, so ask specifically for this information.
Sharp Realty, Birmingham, Alabama
  • Feeling comfortable with the leasing manager is important.
    Because you are going to be working with this person or team for over a year you will want to be comfortable with the leasing manager.
  • Don't review documents on your own. Have a lawyer review the lease.

       For more great tips follow us on Facebook or Twitter.

Sharp Realty
       Phone: 205-879-1995
       400 Union Hill Drive, Suite 300 Birmingham, Al 35209