Building Your Own Store vs. Renting or Buying Space
by Carrie Hinkel on November 12th, 2007
Many retail businesses struggle with the decision of whether to build their own store from the ground up, or buy an already existing store or rent space. Unlike homeownership, where it’s almost always advantageous to buy, for business it really depends on several factors. Each of those options could be the better choice, depending on a business’s situation. Building Your Own Store First, let’s talk about building your store. For a small business just starting out, this may not make the most sense. First, the down payment (as much as 20%) could certainly be put to better use for a... Read more »