Hi,
I would like to start a small bakery franchise in NorCal (not in the Bay Area). Now I have two options. One is buy an existing store that already has kitchen equipments and sink that I can use for my own business. Or I would lease a space that doesn’t already have a kitchen and I need to do the built out myself. I can’t decide which one would be more cost effective? I know the existing store is trying to sell for 100K, I could try for a lower offer. How much exactly will a built out of a complete kitchen cost?
There is a process for locating a new retail store.
First step is to determine if the trading area has enough unmet demand to support another store.
If it does, next step is to estimate the amount of sales you can expect to capture.
The amount of sales is then used to determine how much store (i.e. SF, parking spaces, etc.) you need to service this demand.