We are back on risk and uncertainty . If there is one thing a potential business owner does not like it is risk. Anything to alleviate or minimize risk for a new business or venture creates value in a potential business owner or their representatives eyes. A retail business can do no better than a good location to maximize traffic and sales. Whether this be a gas station or a retail clothing store to be in a high traffic area will create more sales. This is the law of statistics. Okay so what is the big tip here everyone knows this? Well the trick most business owners usually overlook is not to forget to mention that they have a good location it is to have pinned down that location with a long term lease so as to avoid undue risk such as losing that great location. When you get ready to sell your business negotiate with the landlord for a long term lease.

Check into local ordinances of what else could be placed on your location in case their is a downturn in the product or service you carry. As a pilot instructor friend of mine use to say always look for a place to land in case that engine quits.

When pursuing a potential location check with the local municipalities. many keep traffic pattern records and quantity of traffic. This is a great sales tool for a business owner to enhance the value of their business in a buyers eyes.  - Chris -