If your looking to rent a retail space know deals are still good out there .Let me tell you all about it .
Started about two mths ago when I decided that I would go back in business again after having a shop for 7yrs the best thing and the most challenging thing I have ever did in my career I started a wholesale & retail bakery well when the market for the housing started to effect everything .It hit me that I had to do something .I built up a good business with 16 employees and sales almost $800,000.Its like everything in life you want more.
So it started over getting a call one day from a sales men working for another very large Baking company well, long story short the large company became one of my largest clients with over 1900 accounts daily .We started things in stages(as another bakery was supplying to them and they were not happy with there performance) first I got some 1/4 of accts to see if we could handle the volume As i had already built up my own client base, within a month we had half ,then in 3 mths we had it all I thought this couldn't come at a better time as hotel ,restaurants ,country clubs were ALL slowing down in payment 30day turned into 60 plus days some going out of business and not getting payed but the new customer was paying every 7-14 days great for cash flow .
As time went on they ask what do you think about merging together as one I thought about it for a long time going back and forth about certain things well we did it ,this was a company that was in business for over 50yrs my thought behind it all was that they would support me in a way of growing the pastry they had Sales staff (20),40 trucks etc.. knowing there was still so much of there customer base that still did not have pastry sales well after being with this company for just about a year they decided that they would change things up with my product line like danish for example we made it the old fashion way with butter and did our own folds( the best) well we were up to about 120 plus slabs every 4-6 days they contacted a company out of Canada to make the slabs & the snails .
We started with the product the owners wanted and I wasn't a fan but remember that is what I signed up for to listen to a boss again 3 owners all brother at that they would play with the butter percentage to get it to look the same but a lot cheaper but to me the taste just wasn't there anymore because the butter went down to 10-15% way to low if you want to taste butter.
They got pallets in and also a long story short the customers were pissed off and started to drop off (do to the different flavors ) that would also effect there bread business they had for over 50 plus years
It's to bad they only look at the bottom line money! Don't get me wrong I want to make money but I also want to feel great about what I put out just increase the price for quality .So I could go on and on with more stores but i just want to say to all Pastry Chefs ,bakers,keep doing what your doing because believe me there is no machine that can do what a true pastry maker can do.
I'm still with the company as I travel and go to the Key West,Naples,Orlando,and most of south Florida ,sounds great but when you love what you do everything else just look,feels like life is just passing without a purpose or meaning yes the one great thing out of all this is I have more time at home most nights and weekends off ( really un heard of in this industry) but again the trade off in this industry ?? I have seen alot at a young age (I just turned 37) business open,close,marriages falling apart,divorce but I can say this I didn't just dream about it I went after it "that is living"because you step out of your confort zone .
So as I have been looking at new locations again it is interesting first place was $8 per sq ft and 1 mth free rent wholesale ware house after looking around more I decided I would go retail again but a great location better than the last place I had and yes it is true location ,location- pay a little more and you will have a better chance as more customers are pulled in by other businesses
Well retail jump to $18-83 per sq foot depending on were you want to be. I like the $35 dollar range but it don't stop there ,their is cam to pay another 5 - 9.75 sq ft and more in some places well I really like one location but it needs a build ( around 25,000.00 better than the last one 198,000.00)out I looked around and found another place just down the street already built out the funny thing it is as soon as I new that there was another location I started to negotiate better so I have been back a forth for almost two mths to include build out cost ,more free rent I have landed just for not rushing 8 mths free rent and in a very busy plaza I do have one other location that I am also looking at.
At the end of the day just be true to your self ,are you happy and if not change it because no one will do it for you even if it is in baby steps.You have one chance in life there are no do overs.
remember think like pennies you make pennies
think like dollars you make dollars
getting late will talk more later hope you like talking real life.
Edited by pastryev - 5/11/11 at 9:02pm