Saturday, March 5, 2011

Business Update: Contract Signing

First thing to look for when setting up a business is location. So yesterday, we signed the leasing contract for the place that I was talking about in my last two posts. It was a simple, no further ado signing and payment of initial rental payment.

I was glad that the owner was approachable and was even giving advice on what to put on the establishment to maximize our income. And we were thinking of the same things as for the store concept. Hehe. Am I business minded already?

Anyway, they would clean and fix the place first before giving us the keys so we can start doing our own renovation/beautification according to the shop needs. There would be a sub-meter for the electricity which is good because we would only pay for what we had consumed unlike other commercial places that there is a fixed charge. Water supply is not a problem also.

So, all in all, I think it was a nice place with a nice lessor.

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