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Is It Smart to Choose a Location That Another Business Quit? -
MAY 11, 2009 | Wall Street Journal | by ROB JOHNSON. Is it
smart to venture into a spot that a previous business abandoned—a spot
that may be carrying a bit of baggage?Investigating the reason for the
last tenant’s exit is essential. Among the right questions: Did new
competition play a role? Did customer traffic in the neighborhood
decline, and why? Are there structural or serious maintenance issues in
the space, and if so can they be corrected before a new lease is signed?
Further, does the location have any negative image from the previous
business that could turn off potential customers?
small_business  real_estate  location  foot_traffic  restaurants  questions  site_selection 
may 2009 by jerryking
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