Opening a New Retail Location
You may eligible for up to $ 750,000 to open a new location
Contemplating business expansion?
Here are a few issues to consider to help you make your decision easier.
- Can your business be duplicated? Can it run without you? If your presence is critical to your business' success, then don't expect a second location to operate well without you. If your customers do not insist on doing business directly with you, then your business is a good candidate for expansion.
- Is your current location creating a positive cash flow? What are the keys to your current success and can they be duplicated in a new location? For example, are there other specialty shops in the new location that help generate and sustain the traffic of potential customers on which your business relies for its ongoing customer base?
- What changes from your existing location could you implement that could be expected to improve the performance of a second location?
- Who would manage your new location, and are there an adequate supply of qualified potential employees in that area?
- Do you have adequate funding to open a new location? If not, you can get capital to open a new location through a small portion of your current location's VISA/MC sales.
For more information, call 877-600-FUND to speak to a specialist about expanding your business.
