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RisqueBusiness
Not Registered
Joined: Aug 09, 2006
Posts: 2628
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Thu Mar 01, 2007 7:03 am |
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well, I went to see the location that I checked out on the internet and even though the upstairs did look straight out of a magazine, the guy did excellent work!
The building is a cinder block building that was erected in or around 1950, originally it was a steel sink manufacturing place, it has a huge yard that another building could be put onto or paved for parking if I get that busy.
There are several areas that can be 'added' on to and the building has 3 kitchens, which could be made into 3 small living areas if I needed the income and a nice big square room that has all the washer and dryer hook ups that back up into one of the kitchens, or THAT kitchen can be made into a commercial kitchen, leaving me with the upstairs and I'd have to put a spiral staircase and make bedrooms downstairs...
and the other kitchen can be made into a studio apartment with a large bathroom ( yes the place also has 3 bathrooms..lol
But the downstairs is a wreck!! it needs insulation and sheet rock and it has no AC ( we're in florida!) also...it has well water so I don't know if the township will approve of what I want to use it for...
I can extend the upstairs to make it larger and use the 2 living spaces downstairs for income..
so there is a lot of room for a lot of potential....now, just to convince myself to move my business 11 miles North, still wouldn't have walk by traffic nor would I have storefront...but , whatever money I pay, will be for my "OWN" space...
the highlighted red areas would be changes to be made, the black lines and room names are already there... |
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Pootchi
Forum SuperStar!
Joined: Apr 12, 2006
Posts: 4228
Location: Chibougamau,Qc, Canada
Birthday: Jun 05
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Thu Mar 01, 2007 7:47 am |
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Wow! great opportunity!! Hope everything will work for you!
You deserve your OWN place!!!!
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RisqueBusiness
Not Registered
Joined: Aug 09, 2006
Posts: 2628
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Thu Mar 01, 2007 7:56 am |
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| Pootchi wrote: | Wow! great opportunity!! Hope everything will work for you!
You deserve your OWN place!!!!
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you are very sweet to say that!! thank you for your support!  |
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karensjustdessert
Forum Addict
Joined: Oct 21, 2005
Posts: 635
Location: Jacksonville, NC
Birthday: Apr 27
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Thu Mar 01, 2007 8:02 am |
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What a great opportunity...I think you may have already made your decision.
The big plus is...the money and time you spend will now be for something you OWN, not rent.
And I have no doubt that where you go, your customers will follow. |
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RisqueBusiness
Not Registered
Joined: Aug 09, 2006
Posts: 2628
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Thu Mar 01, 2007 8:07 am |
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| karensjustdessert wrote: | What a great opportunity...I think you may have already made your decision.
The big plus is...the money and time you spend will now be for something you OWN, not rent.
And I have no doubt that where you go, your customers will follow. |
that's what worries me, but..if everything works out...I will be paying the SAME amount monthly but this will be mine!!
all mine...( insert maniacle laughter here.. )
so, off to harass SCORE!! and the SBA |
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cocorum21
Forum Addict
Joined: Sep 04, 2006
Posts: 931
Birthday: Jan 30
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Thu Mar 01, 2007 8:22 am |
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I think that's awesome! I don't really see a downside if you are paying the same amount but you own it. It's great!  |
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jen1977
Forum SuperStar!
Joined: Feb 22, 2006
Posts: 2839
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Thu Mar 01, 2007 1:19 pm |
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It looks great, especially if there is potential for rental income to help you make the payment! Is there any way to add a small storefront to it? |
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RisqueBusiness
Not Registered
Joined: Aug 09, 2006
Posts: 2628
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Thu Mar 01, 2007 1:22 pm |
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| jen1977 wrote: | | It looks great, especially if there is potential for rental income to help you make the payment! Is there any way to add a small storefront to it? |
I'm sure there is...it all just takes money. I just got off the phone a while ago with the SCORE man and he is coming to speak with me Sunday or Monday.
Since the loan will be for property, he can now help me..lol |
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indydebi
Forum Matriarch
Joined: Jul 07, 2006
Posts: 22125
Location: Indianapolis IN
Birthday: Jan 19
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Thu Mar 01, 2007 1:25 pm |
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Risque, if anyone can pull this off, YOU can! I'm in your corner cheering away! |
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JoAnnB
Forum SuperStar!
Joined: Jun 09, 2005
Posts: 7426
Location: Salem, Oregon
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Thu Mar 01, 2007 2:01 pm |
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What a great thing! You at least have an opportunity to ofset some of your overhead, and you have room for help, should you need it.
Best of luck!
edit to add:
And you won't be hassled by security when you want to work late! |
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RisqueBusiness
Not Registered
Joined: Aug 09, 2006
Posts: 2628
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Thu Mar 01, 2007 2:25 pm |
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| JoAnnB wrote: | What a great thing! You at least have an opportunity to ofset some of your overhead, and you have room for help, should you need it.
Best of luck!
edit to add:
And you won't be hassled by security when you want to work late! |
OMG you remember that..lol |
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mkolmar
Forum SuperStar!
Joined: May 19, 2006
Posts: 5512
Location: at the computer
Birthday: Jun 02
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Thu Mar 01, 2007 2:27 pm |
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There is such potential with that building and it would be the same price that your paying now, I can't really see how you can go wrong! 11 miles more for quality cakes isn't that far of a drive. congrats on the new opportunity. |
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RisqueBusiness
Not Registered
Joined: Aug 09, 2006
Posts: 2628
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Thu Mar 01, 2007 2:29 pm |
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We will see..if it's for me then it will happen! |
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mypastrychef
Forum Addict
Joined: Dec 04, 2006
Posts: 582
Location: Shreveport
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Thu Mar 01, 2007 2:41 pm |
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Just think you will eventually own it and it could be your retirement one day. I have moved 3 times and people followed me 16 miles away. Now I will be debt free in 2 yrs and my building is worth 3 times what I paid for it 2 1/2 yrs ago.
You are on the right track even if this turns out to be the wrong property.
And YES!! YOU!! DESERVE!! IT!!!
hahahah
mpc
www.mypastrychef.com |
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nglez09
Forum SuperStar!
Joined: Nov 04, 2006
Posts: 2594
Location: Berkeley
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Thu Mar 01, 2007 5:05 pm |
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Congratulations Risque, I sincerely believe you deserve this and am very happy for you. I wish you well with this new adventure. |
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