Maximus Rex
New member
You've seen, I've seen businesses that have been in one location for decades suddenly shuttered because the landlord hella raised the rent. This happened to two tobacconists that I used to frequent. The Barclay Rex location on Lexington and 51 closed when lease was up because the landlord tripled the rent, while OK Cigars closed because the building was sold and the owner was going to hella raise the rent.
My question is this, should a business owner fore go buying a home and instead focus on buying the building, (or another location,) his business is in to avoid all of the hassles that come with dealing a landlord, including the potentially losing your income, (or having your revenue stream greatly disrupted,) because you can't afford the rent at the present location?
My question is this, should a business owner fore go buying a home and instead focus on buying the building, (or another location,) his business is in to avoid all of the hassles that come with dealing a landlord, including the potentially losing your income, (or having your revenue stream greatly disrupted,) because you can't afford the rent at the present location?