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For over a year now we have been negotiating on a piece of real estate about a block from our current shop...well today we closed on it and it is now OFFICIALLY OURS!
We already have plans and a bid to build a 3000 square foot building and expect to occupy 2000 of it and lease out the other 1000. But now are thinking of adding another 1000 square feet and leasing out two spaces.We have a year to get all this going and have already been approved for our construction loan.
Since we are now well into the constructioon season around here we may look at a few more bids before committing...in any case if anyone is interested I am thinking about keeping a log on all this and posting it here so others can see what you need to go thru to accomplish the task...What do you think??? any interest?
Oh boy, oh boy, oh boy I can't believe we pulled this one off!
------------------ Monte Jumper SIGNLanguage/Norman.Okla.
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Congratulations Monte! Hhhmmmmm....suppose you'll be needing some ball willows to plant around the outside,eh? Don't worry, you'll get yer tree one of these days!
Happy building, Karen & Jeff
------------------ Karen Stein 639 E. 3rd Ave. Mesa, AZ 85204
We are not human beings on a spiritual journey. We are spiritual beings on a human journey." -Stephen Covey
Posts: 336 | From: Chiricahua National Monument, Az | Registered: Nov 1998
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Congratulations Monte & Pat!!! After seeing Fred's new shop I'm really curious to see what you come up with! I think the idea of a posting a log would be great also! Meanwhile, give some thought to the guest rooms Steve asked about & have you decided where to put the pool table?
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Congratulations Monte!!!!!!!..I hope every stage of the construction goes according to plan (Yeah, right, like THAT is gonna happen!)
I am happy for you...Any new venture is a venture down a new avenue! And when you are too old to venture down a new avenue then it is time to hang up the gloves. Monte, yer obviously still young enough to take a wander!!
Good on ya!!!!!!!
------------------ Dave Grundy AKA "applicator" on mIRC "stickin' sticky stuff to valuable vessels and vehicles!" in Granton, Ontario, Canada 1-519-225-2634 dave.grundy@quadro.net www.quadro.net/~shirley
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Congrats Monte, more real estate taxes to pay. Seriously, we have had good luck over the years having a large shop and being able to rent out part to help pay the tarrif. I suggest plan the building then plan your space. Most shops fit well into most any rectangle and getting those leasable spaces ready is a great asset to fund both the building and the dream shop. Good luck getting a contractor who will build what you want and not what he thinks you want or need. Take enough time there to be sure you understand each other and the rest is easy. Have fun. Judi says hey and congrats too.
------------------ Kent Smith Smith Sign Studio Greeley, Colorado, USA kent@smithsignstudio.com
Posts: 1025 | From: Estes Park, CO | Registered: Nov 1998
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Congratulations Monte & Patsy. Hopefully, your new tenants will be the type that'll compliment your business as well. Have you given any thought to what kinds of businesses that might work out well that way, or those that you might consider to be undesirable?
A friend of mine built a small commercial plaza recently, and a chemical disposal service wanted to rent space. His lawyer advised him against having this sort of tenant, unless the tenant was willing to also provide a significant bond up front. The reason was, if this sort of tenant should go bankrupt, or default on the rent, it could cost mega-bucks to legitimately dispose of unknown types of chemicals. Just another thing to consider when you become a landlord.
------------------ Ken Henry Henry & Henry Signs London, Ontario Canada (519) 439-1881 e-mail kjmlhenry@home.
Some days you get to be the dog....other days, you get to be the fire hydrant.
great monte! all your Oirish friends will have a place to crash, rent free
we're still renting both home and studio in one but at the moment houses here are gone crazy.
all the best with it. maybe you should post a picture of what it looks like before you go to town on it.
------------------ 'To be born once is natural, To be born twice, now that's a miracle. ------------------------------------- From the sometimes sunny south of Ireland,
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Congratulations Monte!!! Just be reaaaal careful in choosing the contractor, otherwise you will wind up pulling all your hair out and getting an ulcer! Great idea leasing out 2 spaces!
------------------ Si Allen #562 La Mirada, CA. USA (714) 521-4810 ICQ # 330407 "SignPainters do It with Longer Strokes!"
Brushasaurus on Chat
Gladly supporting this BB !
Posts: 8831 | From: La Mirada, CA, USA | Registered: Nov 1998
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GREAT NEWS! YOU ALL DESERVE IT!!! SOMEDAY I HOPE TO DO THE SAME. I CAN'T WAIT TO COME BUG YA IN THE NEW SHOP. I GUESS I BETTER COME SEE THE OLD SHOP FIRST!
CONGRATULATIONS TO YOU BOTH!
------------------ Justin Booher Vital Signs, Inc. Edmond, OK 405/348-7227 "Custom Hand Crafted Signage!"
Posts: 33 | From: Edmond, OK U.S.A. | Registered: May 1999
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Congrats Monte, I agree with Si about choosing a contractor, and would like to add that you will always need more money than you think, because there will be cost over run and changes somewhere along the way, ask for more than you think you will need for the job.
Nothing worse than running out of money before completion, and besides if there is any money left over, use it for the "Party"....
Just like to mention that I got second place in the "International Stuffed Cabbage Contest" in Budapest two years ago... Some "Polok" got first place only because his mother was one of the judges, and no one complained because she used to compete in Russian roller derby.
Albeit, cooking is my favorite hobby and I would attend your celebration.
Kurtzman Norwalk, Ct.
------------------ Creative communication since 1959
Conference with a planner and find out how much development they will allow. Also find out if there are certain things you could do that have any grants or reduced fees or reduced permit fees or percs. Sometimes a low cost apartment adjoining might prove a tremendous asset.
I'd also want to ask some similar questions to my banker. They might feel better about lending for you do maximize the property potential. Bankers have simple programs and formulas to project the details of different scenerios over a time span. You could see the long and short term differences of two, three, four or five units.
What you're doing is most likely going to be your retirement income, so do all you can without over exyending yourself.
The city could probably give advice about healthy business mixes that properly attract customers that feed each other. If not, the US Small Business Administration has info.
Have fun! This venture sure sounds exciting.
------------------ The SignShop Mendocino, California "Where the Redwoods meet the Surf"
Oh, for the faith of a spider! He begins his web without any thread.
Posts: 6806 | From: Mendocino, CA. USA | Registered: Nov 1998
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Congrats on your new endeavor! It would be interesting to go on your journey as you do.. keep us posted. What a good idea to share and this way paving the way for us too.
"to give a man a fish you feed him for a day, to teach him how to fish, you feed him for a lifetime"
------------------ Deb Creative Signs
Posts: 5373 | From: Loves Park, Illinois | Registered: Aug 1999
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Way to go Monte! I'm considering myself to take on more space for screen printing, it means more money but that's the cost of doing business. Maybe one of these days I can build my own shop as well.. CONGRATS! Neil
------------------ "Keep Positive"
SIGNS1st. Neil Butler Paradise, NF
Posts: 6277 | From: St. John's NF Canada | Registered: Mar 1999
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