Part of what makes my job so interesting and exciting is the opportunity to work with such unique and interesting businesses. I had the opportunity recently to work with Arthur Rutenberg Homes, the nation’s first franchisor of building companies. I negotiated the lease for them at the Quorum Center Orlando (approximately 3,246 SF at 4201 Vineland Rd Orlando FL 32811). This will be home to their design center showroom. To learn more about Arthur Rutenberg Homes, please visit their website at www.arthurrutenberghomes.com

I just listed a profitable mall restaurant located in one of Orlando’s busiest malls. The owner purchased this food court cafe in September 2007 for Visa purposes. Seller has Visa, owns another business in town and wants to sell this so they may concentrate on the other business. For further information, checkout the Listing Details Here or Contact Us Here

What are the expenses and who is paying for them?

Commercial Leasing can get confusing because often times it is difficult to understand what the expenses are and who pays what (every landlord advertises differently). Some may charge you one set price which includes all the expenses (Full Service/Gross); another may charge you only for base rent and you are to pay for everything else (NNN); others may charge you for a mix in between (Modified Gross); (Either way, you are to pay sales tax—they typically state that in the contract; however, sometimes they will not and assume you understand that you are to pay sales tax). Attached is a list of expenses that you may incur when you sign a lease. It is in your best interest to understand which expenses you are to pay for and which your landlord will pay for.

Commercial Lease and Expenses

• Base Rent
• Real Estate Taxes
• Property Insurance
• Maintenance
• Utilities (electric/water)
• Building Supplied Services (parking, after hours AC, utilities, etc)
• Janitorial
• Additional Services (plant service, pest control, janitorial services, coffee, furniture/art rental, hvac maintenance, general liability insurance, etc.)
• Association Dues (if applicable)
• Sales Tax

• OVER PRICED: The numbers need to make sense to the buyers. I am able to provide backup to make sure the business is not over priced and the numbers will make sense to the buyer.
• POOR RECORDS: The purchase may not be financed due to inadequate books, records or tax returns. There are very few cash buyers. This may limit the Seller to only cash buyers or holding a note.
• POOR MARKETING: Your business must be packaged and marketed professionally in order to show the full value.

Business growth is developed through long lasting relationships. Who do you want to build a relationship with? What product or service can you offer to these new relationships? How can I help direct these relationships to you? Take a couple seconds to introduce yourself and your business: type your website, your line of business/title and help us understand your business and what it offers. One of my goals is to direct business your way, so you can build long lasting relationships and grow your business. I am excited to work togetherJ

My goal for this blog is to share my experiences with you. Let you know what is going on today in the business world. What businesses are coming to town? Which ones are leaving and why? I will also provide tips in regards to Business Sales, Commercial Sales/Leasing, etc. Topics will be categorized for ease of search. If you ever have questions, please do not hesitate to contact me at anytime. Enjoy and I look forward to meeting!