I have a business idea which will initially start up online, but to make maximum sales needs a retail lease.
I have been looking at leases in my area and for the size I need it would cost approx 35,000 per anum. My initial staff costs would only be 20,000 per anum. Obviously there are other costs involved such as retail fit-out and bills for light and heat etc...but im just wondering what do I have to do to go about obtaining this lease? What do I need for a bank to approve me a business loan? Does one need a lot of savings? Can you use the equity on your house?
I have been looking at leases in my area and for the size I need it would cost approx 35,000 per anum. My initial staff costs would only be 20,000 per anum. Obviously there are other costs involved such as retail fit-out and bills for light and heat etc...but im just wondering what do I have to do to go about obtaining this lease? What do I need for a bank to approve me a business loan? Does one need a lot of savings? Can you use the equity on your house?