Location
Lease or Buy Space
Equipment & Supplies
Location Part 2
100
A section of land that is zoned for industrial businesses only.
What is an industrial park?
100
The person who pays rent to occupy space owned by someone else.
Who is a tenant?
100
The merchandise a business sells to its customers.
What is inventory?
200
Areas that suffer from lack of employment opportunities.
What are enterprise zones?
200
The person who owns and rents out buildings or space.
Who is a landlord?
200
Companies that sell products and services to businesses.
What are vendors?
300
They are often called strip malls and consist of 3 to 15 stores.
What is a neighborhood shopping center?
300
Occurs when the landlord pays building insurance and the tenant pays rent, taxes, and any other expenses.
What is a net lease?
300
Predetermined level of inventory that signals when new stock should be ordered.
What is the reorder point?
300
generally one of the cheapest rental facilities because they are of basic construction with few frills
What is a warehouse?
400
Workers from downtown offices and professional businesses may shop at your business on their breaks or on their way to and from work.
What are downtown areas?
400
The tenant pays rent each month for the space occupied, and the landlord covers all property expenses for that space.
What is a gross lease?
400
An estimate for how much you will pay for the merchandise or service.
What is a quote?
400
located just outside of shopping centers or far away from other businesses. Depend on drive by traffic.
What is a stand alone store?
500
area from which you expect to attract customers
What is a trade area?
500
tenant pays a base rent each month, and the landlord also receives a percentage of the tenant's revenue each month.
What is a percentage lease?
500
JC Penney, Kohl's, Sears, Wal-Mart
What are anchor stores?
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