What Level is Your Design Business?

Power Talk Friday – Alice Seale – Thinking About Leasing or Buying a Studio Space?

Episode 57 of A Well-Designed Business®

Welcome to another Power Talk Friday! My guest today is Alice Seale, who has over 30 years entrepreneurial experience as a realtor in the retail design industry. She is the founder of Seale Realty Advisors in the Dallas area. Alice has co-authored the book, Winning Ways in Real Estate. She has great advice for entrepreneurs. Join us!

What you’ll hear in this episode:

  • Alice’s path to real estate in retail design
  • What to look for in a realtor
  • How a design center is born and developed
  • The mix of wholesale and retail
  • How Alice spots the trends in “pop-up” design centers
  • Rent or buy? How do you decide?
  • Alice tells you what questions to ask up front
  • HVAC—why you MUST pay attention!
  • Watch expenses on taxes and insurance!
  • Consider leasing with an option
  • Ask for any accommodations up front
  • Find a realtor who has YOUR best interests in mind
  • Why renting is a good option to start out in business
  • Know what’s going on in your city and its development
  • How to know when it’s the RIGHT time to purchase
  • How to ask your landlord to “put some skin in the game”
  • Make a wish list of renovations and negotiate adding value to the property
  • Establish financial relationships early: Be a PERSON at the bank and not just an account number!
  • Consider obtaining a letter of credit instead of paying a large security deposit
  • Why Alice recommends that you have a female banker

Get all the details from Alice here: http://windowworks-nj.com/alice-seale

What Level is Your Design Business?