- Details
- Written by Patrick O'Healy
A part of the American dream is to be our own boss. Entrepreneurship is part of the DNA of being an American. We also have dreams of retiring and doing some of the things that building our independent businesses have precluded us from doing while we were building our businesses. We want to travel, volunteer, enjoy our hobbies, play with our grandchildren, and read all the books on the shelf we did not have time for. We want to be comfortable and have freedom to make choices. But will we? Is Social Security enough for those who have owned small businesses to retire on? How much capital does it take to retire, and is it easy to invest it in a manner that insures our life style when we are not working? What will your small business be worth when you are ready to retire? Do you have a succession plan that insures it will be viable into the future? If you do, then it is likely you will have the income to continue your lifestyle and give you choices, and Social Security will simply be a medium to bolster you financially. But, what if your business, like many others, is mostly dependent upon you and your family members to sustain value? In that case, your business may be saleable, but only if you come with it. While you get a chunk of cash, how will it be reporting to someone else and still be lashed to the rail? If you had visions of retiring on the proceeds of the sale and the sale is dependent upon your continued participation, how does that work?
Add a comment- Details
- Written by Patrick O'Healy
As background, for over a decade, SBA financing has been available for small business people to use purchasing buildings to occupy. We have observed the market for owner occupied buildings increase in value far beyond any other type of real estate.
Add a commentRead more: How can it be Cheaper to Purchase a Building than to Lease with 10% Down?
- Details
- Written by Patrick O'Healy
I was a guest at ProVisors meeting this morning in Irvine, CA. Scott Robertson spoke about Branding and how customers make decisions. His talk was informative, and interesting. Who knew that Proctor and Gamble invented the concept and that all their products are “branded” in a manner to make them unique, recognizable and a part of every home in America.
Add a comment- Details
- Much of our business is focused upon what other good brokersWe lease and sell property representing landlords and tenants. If you have a good broker in your area that serves you well, you should continue using your proven service provider. If their practice is area specific in an area where you are located, all the more reason to continue using their services.
- What differentiates OCRS from 99% of the brokers at other commercial companies is that a portion of our practice is consultingA few examples of our consulting services are as follows:
Read more: O'Healy Commercial Real Estate Services Practice Focus
- Details
Helping You Avoid Pitfalls and Uncover Economic Opportunities
Selecting space for your organization and successfully negotiating an acceptable lease are complex, time-consuming tasks that are full of potential pitfalls. The pitfalls only multiply if you undertake the process on your own, without the benefit of an experienced commercial real estate professional serving as your tenant representative.
Hiring a tenant representative who acts on your behalf can eliminate many of the hassles in site selection and negotiation. It can prevent potentially disastrous missteps. And it can cut much of your real estate expense. More importantly, aligning yourself with an experienced tenant rep can turn up real economic opportunities and help turn your space into a strategic asset.
Add a commentRead more: Tenant Representation in the Commercial Real Estate Industry