With a clearer vision of the future,you will be in a stronger position when you enter renewal negotiations. If you expect a gradual increase in sales, you may want to press for a percentage rent lease. A fixed rent lease might be more practical if you anticipate growing profitability. You will also be better able to judge the merits of a long-term lease vs. a short term lease with options. Volumes have been written about the remarkable achievements of innovative retailers.
Many stories highlight the romance of a new product that sizzles.
Your financial advisor can help you strategize ways to make your retail operation the envy of competitors and the subject of the latest success story. All rights reserved. Co. LLP's Quality Review Committee, works closely with retail businesses. Co. LLP ranks among the 25 largest accounting and consulting firms in the nation. They are headquartered at 415 Madison Avenue, New York, NY 10017.