All, I am currently negotiating to buy the location I operate out of.
To offset the increase in monthly overhead I have decided to rent
out extra parking spaces behind my building to local merchants. I
know what these spaces will command. I have also been approached by
an individual who does jewelry appraisals who is looking for a place
to office. I have a 150sq ft office room that would work great. He
will need to share some of my equipment such as safe space, phones,
steamer and ultrasonic.
I have no Idea how to determine what is a reasonable lease rate. Do
I simply determine What my monthly overhead is and charge according
to what percentage of the space he will be using ?
I am excited about the prospect of having an in house appraiser. I
believe it will help me add one more layer of professionalism to my
growing business. I also imagine it could only increase traffic.
But, I don’t want to sell myself short either.
Any thoughts on this dilemma would be appreciated.