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RyanGMW

Breaking My Lease To Grow My Business...

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Hey Everyone...

I'm in the position to move my shop to a bigger, better location. I'm at 24 months into my 36mo lease. I rent 3200sq ft in a 20k sq ft building that has been vacant until now. The new tenant is a video arcade with a snack bar. Not a good fit for my high-line German auto shop...

I have the chance to rent a shop that is 4500 sq ft with 5 bay doors and a glass showroom for my show car and waiting area, right in downtown on a main street. I have needed more space over the past 8 months and my business is growing very quickly right now. I think this space could be just what I need.

 

Any pointers on how to break my lease? I was the only one here when I moved in, now with this new tenant coming I lose my highway frontage signs and will have no right to the parking spaces out front of my shop, its first come-first served. The kind of crowd this business attracts is also a huge downside for me...

One bargaining chip is my landlord is about to pay $15k to have the power meter split so I'm on my own and the rest of the building is for the other tenant. If I leave now, he won't have to spend that money and the other tenant may take over my space too if they can use it for storage or whatnot...

 

Any input is greatly appreciated!

Ryan G.

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