A former client of mine was a successful franchisee who preferred to lease his store locations. However, when he couldn’t find an acceptable location to lease, he purchased a building that met his needs. This happened to him twice.
When he couldn’t lease or purchase a suitable location, he was forced to purchase land and construct a building for his business. This also happened to him twice.
He therefore had four buildings in his portfolio that he didn’t want to own, but needed to for the sake of opening stores in certain markets.Read More