Condos for Sale Walled Lake Michigan - Open House

Condos for Sale Walled Lake Michigan

 Come take a look at this attractive property from 12-4 p.m. Sunday April 27, 2008

 This open house is hosted by Karen Greenwood. WWW.theresidentialteam.com

Stanley Commons provides two distinct types of ownership opportunities. This new mixed use development in the heart of Walled Lake, Michigan offers exceptional street level retail, and well appointed residential units for purchase.

These residential Condos are attractively priced. Take a closer look at these options.

Come take a look during the open house. Need directions?

For further information on these residential units please contact:

Karen Greenwood      The Residential Team          Coldwell Banker Schweitzer       248-672-1777 Kgreenwood@cbschweitzer.com

Stanley commons also provides an excellent opportunity for the business user.

This "live work" style development is perfect for the small business looking to own its own space. Commercial and retail units from 600 square feet are available for purchase, making it a great match for business.

For details on these commercial and retail opportunities here in Walled Lake click here.

If you need further assistance with your commercial real estate needs please feel free to contact me James Iodice or visit www.commercialrealestatemichigan.net

Salon For Sale Troy Michigan

Upscale Salon for Sale in Troy Michigan

Exceptional ownership opportunity.

Many times people underestimate what it costs to start a retail business. How much does it really cost to start a salon? Take a look at my blog "So you want to start a salon?" to find out what you will need to consider when starting a salon or other retail business.

Excellent Ownership Opportunity

Completly Renovated High End Salon

     * Will review all interests

     *   6 Styling Stations

     *   3 Wash Stations

     *   Separate Pedicure/Manicure Area

     *   All New Fixtures and Equipment

     *   Fully Stocked

     *   Completely "Turn-Key"

Take advantage, and own your own business. If you have questions on this or any other Commercial Real Estate in Michigan, please contact me or visit Commercial Real Estate Michigan .net

James Iodice

So You want to Own a Salon

Salon Ownership - What are the costs?

Starting or buying a Solon, how does pricing compare?

There are a lot of questions and considerations when starting any business, but there are some specifics that need to be considered when owning or starting a Salon Business.

Following are some considerations to think about when planning your own business.

What is your plan? Are you looking to open a Salon  or a hair cut shop. Either can be a lucrative business choice, but each will require a different look, set of equipment, and client base.

What does it cost to launch  a New Business and a New Location?

Let's take a look at a business with approximately 1,500 square feet, 3-5 cutting stations, 1-2 wash stations, and support services.

The Metro Detroit area is providing some good deals for retail space in this market. Landlords are making aggressive deals and they will require a little more from start up companies with no tenancy record than from those that have leased space before.

Retail spaces are leased on an "as is" basis. That means that the tenant is required to build out the space to their needs. The Landlord only provides the "four outer walls". All the interior finishes need to be completed. These costs generally average about $27 dollars per square foot to complete. That would calculate to total for build out costs of $40,500.00.

 Furnishing your space is next. This is where it is important to have your plan and know to understand your market. Successful hair cut shops utilize more Spartan chairs and stations. These would run from about $5,500 - $9,500.00. Cutting and wash stations suitable for a Salon business will run from $9,500 and up.

Stock and Sale Products. The average salon carries supplies of $7,000 to $8,000 in stock. This is both for use on the client and that is are sold through the store. These costs can vary if you brand your salon. 

Do not forget the business basics. You will need all the necessary office supply products, forms, machines. Business signage on your building can run $3,000 - $10,000, depending on size and style. Many Salons also have a washer and dryer.

Marketing, marketing, marketing!! You will need to get the word out about your new business. There is of course a whole industry devoted to marketing, and the sky is the limit on how much you spend to get your name out.

• Total Costs for a Typical Salon
• Build Out Costs $40,500.00
• Equipment        $12,500.00 (4 cutting, 2 wash, manicure, reception. No pedicure, no additional shelving,)
• Stock               $ 7,500.00
• Office Equip.     $ 5,000.00 (computers, register, phone system and Fax)
• Office Supply    $ 1,500.00 (yearly)
• Signage           $ 5,000.00
• Total               $72,000.00

The purchase of an existing salon will require the capital to purchase the assets, take over the lease, and manage the personnel.  Many existing salons, provide an immediate client base.  An established name, or a business that has already branded itself in the community will shorten start up times, and dramatically reduce start up marketing costs.

I hope this information answers some of the questions on starting a salon business.  Here is an excellent example of a high profile opportunity in Troy, Michigan.

For more information on Michigan Commercial Real Estate please visit: Commercialrealestatemichigan.net

Swimming with Sharks

At first glance, this title conjures up vision of the popular business book of a similar name, or the movie Wall Street. For many our industry is seen to be full of "sharks".

Well, 99.5% of this post has nothing to do with neither sales nor real estate. For those who want a connection skip to the end where I will tie the .5%.

Some years ago I was presented a cool opportunity. While honeymooning with my wife in Bora Bora, we ventured out on a "Shark Feeding Snorkel Tour".  We thought, "This will be great! Hop in a boat, go watch some reef shark feeding, then off for a little snorkeling in the lagoon."

All excited, gear in hand the boat shuttles out to the first stop.  No sooner did the engines stop then the first fin comes cutting through the water in front of the boat. The first mate hops out with a bucket in one hand and a long yellow piece of rope in the other. We are all watching as more and more sharks begin to show up in front of the boat.

In broken English "Ok, get your gear on and jump in".

"Huh??" my wife and I look at each other our eyes as big as plates.

"Oh my" gasps the older couple from Australia as the woman almost feints.

"No cage?" I ask as we jump in the water. At his point the first mate has tied the yellow rope between two coral heads, and is throwing dead fish into the water on the other side.

"No, you hold on to the rope to help keep you underwater. You stay on this side, they will stay on that side."

So there we are, one hand holding our heads underwater, the other trying to snap pictures while 25-30 six foot reef sharks circle around eating fish. They would take a bite, and every so often one would turn look, and start swimming straight at us. Right as it would reach the yellow line, it would veer off and turn around. One of the larger sharks came so fast, and close I flinched, when trying to snap the picture.

That is when it came to me (here is your .5% tie in). These formidable, and potentially deadly creatures, were actually scared of us. I waved my hand at the next shark to come at us, and he shot off  "like a scared rabbit".

Sharks are potentially very deadly, and very dangerous. The qualifier here is potentially. Ever noticed that most attacks occur when someone is just surfing or swimming basically minding their own business? The same holds true for business professionals. Many can be very dangerous, and potentially deadly to a deal, your career or reputation. You need to know and understand when you are in the water with sharks; once you do you can keep an eye out and keep them on their side of the yellow line.

Find out more about commercial real estate in Michigan, leasing and renting office space and retail space, negotiating your lease, or buying or selling retail, office or industrial properties. Commercial real estate in Michigan.

- James Iodice  Commercial Real Estate Michigan.net

7732 Highland Road, Waterford Michigan Retail Space Available

Great Retail Opportunity!

7732 Highland Road, Waterford Township Michigan

Looking for retail space in Waterford or White Lake Michigan? This building has excellent M-59 exposure with great traffic counts.

This free standing retail building would make an excellent match for your business. Excellent Oakland County location close to White Lake, Clarkston and Oakland International Airport.

900 Square Feet.

High Exposure Highland Road Location, with over 40,000 cars per day.

Monument Sign Available. Put your Company Name in front of 40,000 people per day!

Building Sign Available

Large Lot with extensive parking.

Competitive Pricing.

Excellent for Retail, Office and Flex Use.

This property could be made available for sale also.

Please contact me with any questions:

James Iodice

http://www.commercialrealestatemichigan.net/html/exclusive_listings.html

136 South Rochester Road, Clawson, Michigan

Retail for Sale Oakland County Michigan. 

Great Ownership Opportunity!

Looking for retail space in Clawson Michigan? Stand alone building on high profile Rochester Road. This multi use retail building would make an excellent match for your business. Excellent Oakland County location close to Troy and Downtown Royal Oak.

4,700 Square Feet Zoned B-3.

High Exposure Rochester Road Location.

Easy Freeway Access to I-75.

Building Signage.

Competitive Pricing.

Excellent for Retail, Office and Flex Use.

Lease possible. Details(pdf)

Please contact me with any questions

James Iodice

www.commercialrealestatemichigan.net

The 4 biggest mistakes companies make when looking for office space

Big Mistake #4 - No Representation.

You will find nothing more frustrating and unproductive than driving around aimlessly, calling every sign you see. This is also a sure-fire way to end up paying more for your lease. There are more signs up in front of properties than in the past 10 years. Without a clear understanding of which properties have the right space for your needs, you will spend countless hours driving around making cold calls and hoping for a callback. If you do get a callback, what questions do you ask for your specific need? How will the answers compare to your business model and the market?

Big Mistake # 3 - Trying to manage the project yourself with multiple brokers.

Just getting the information (see Big Mistake #4) is hard enough. Herding cats would be easier than trying to coordinate the necessary contact with multiple agents. You need timely feedback and updates. You need consistent information organized to each property. Commercial property tours are set by appointment, with multiple people at each site. Trying to manage multiple agents results in disorganization, inaccurate information, and time wasted. It is important that you have one point of contact to act as your voice, to filter out unnecessary sales pitches and eliminate useless information & options that are not a fit for your business model.

Big Mistake # 2 - Lack of trust and confidence in your agent.

You need to be comfortable with the broker representing you. It is imperative that he fully understands your requirements as well as any limitations, concerns or specifics of your business that impact your property choice. Without that information, your agent will not be able to command the best deal from landlords and owners. Sudden negotiating changes will diminish your position and creates an opportunity for lost time and money. With trust in your broker, these changes will not occur, and you will get the best deal on your commercial property transaction.

Big Mistake # 1 - Looking for commercial real estate with inadequate representation.

To gain the best deal, especially in a down market, you need representation. It is critical that your broker have a complete understanding of the market, and not just the properties the broker represents. Your broker should know and understand the property owners and landlords, and fellow agents and brokers.

Most importantly, if they do not have the expertise for your requirements, they should disclose that to you and work to get you the support you need.

Referrals from other commercial agents and brokers, continued customer referrals and consulting contracts are evidence of my expertise and knowledge of this market. My business is relationship driven, and primarily comes by referral.

Please feel free to contact me to discuss your requirements or current lease. You can find more information on Commercial Real Estate in Michigan on my website http://commercialrealestatemichigan.net .

Go home or stay Active?

As you may have guessed have just joined and am new to this experience.

For those blogging experts (and I have reviewed many of your great tips and advice here) I have a question:

Is the active rain community for professionals, or consumers AND are you blogging here AND on your own personal home pages?

Help I'm blogged down - how does one get to the right info fast?

What a great community, and resource of information. Quite frankly much to much to handle even for someone like me who thrives on information.

I see a lot of great great posts, thoughts, and testimony on the help AR has provided specifically in the area of blogging and increasing exposure through blogs.

Are you long time and expert bloggers, are implementing these strategies on you personal and company websites to gain local and market exposure with the end clients?

Does one write about industry trends, local markets and such here in AR and try to point consumers here, or do you write and comment about the profession here with local market trends and such on the company site? 

This commercial Real Estat'er needs some direction on how to sift through and implement all this into increasing his exposure and business.