Commercial Real Estate | Tomarchio Enterprises

When to Consider a 2nd Location for your Business

Are you looking to build upon the success of your business's original location? Expanding your business by opening a second location can bring additional profits, new customers, and extra prestige. However, these benefits come with additional risks. Take some time to analyze a few key things before considering opening your second location. Are There Better Alternatives? Has your business truly outgrown its first location? There are less expensive alternatives for businesses that haven't truly maxed out their current markets. These include things like: Increasing staff Opening an online store Diversifying inventory Targeting new audiences If [...]

How to Lease Commercial Real Estate

Looking for your next commercial space in Seaford, DE? Looking for a commercial space can be a tiresome and tricky process. There are a lot of different steps involved and a lot of things that you should consider. To help you with this process we wanted to take some time today to talk about how you can lease your next Seaford, DE property. Review Your Business The first thing you should do is take stock of your business and all of your needs. You'll have to figure out exactly how much space you need, who [...]

What a Good Location Can Do For Your Small Business

“Location, location, location!” You've heard it before, but it bears repeating that your retail store's location will significantly affect how well your business does. In fact, the number one rule in commercial real estate is that location can make or break a business. Let's break down this rule and learn more about how your small business can benefit from the right location. Customers Can Easily Find You Even with the technology of Google Maps and other navigation applications, we still find a way to get lost every once in a while. The right location for [...]

New Year’s Resolutions for Your Retail Store in 2020

With the new year right around the corner, it's time to start thinking about ways to improve your retail store's reputation and grow your business. Here are some things to consider doing for your retail store in 2020. Rearrange Your Store Has your store had the same layout ever since its grand opening? It's time to consider switching things up. There are numerous floor plans that you can use to arrange your merchandise and both pleasantly surprise your customers and increase sales. Something that you need to consider when deciding on a new floor plan [...]

3 Signs It’s Time to Move Your Retail Store

There's a lot that goes into running a retail business, and it can be difficult to keep on top of everything. If you've noticed a downturn in business, then you may be thinking about moving. Here at Tomarchio Enterprises, we've been providing our commercial retail real estate services to Maryland for years, and we wanted to take some time today to talk about a few signs it's time to move your retail store. Sign #1: Decreases in Foot Traffic Any successful company knows the minimum amount of sales they need to make, and the minimum [...]

Are There Special Considerations for a Commercial Lease?

When you're looking for a commercial space, you surely already have a lot to think about. You want to find a place where your business can truly grow and thrive, and you want to feel comfortable with the lease terms so that you can settle in comfortably to your new location. Let's take a look at the most important things to consider when leasing a commercial property. Length of the Lease Your lease terms will establish the length of time you are legally allowed to occupy the commercial property. While residential properties have lease terms [...]

Considerations for Leasing Office Space

When you're looking for your next office space, there are a lot of things that you need to consider. This is going to be a big decision, and you want to get it right. After all, you don't want to have to seek out another office space to lease in a couple of months. Here at Tomarchio Enterprises, we've been assisting the good folks of Seaford, DE with office leasing for a while now, and we've learned a good bit. We wanted to take some time today to talk about some of the different things [...]

What Makes a Strong Anchor Store?

Every good shopping mall or strip mall has a great anchor store. The ones that don't have one tend to not last for too long, and that's why it is crucial to have one. An anchor store is a major store, usually a large retail chain or grocery store, that serves its mall by driving customers to the smaller stores. When looking to lease a commercial real estate space, the first thing you should look to is the anchor store, but what makes a good anchor store? What Kind of Traffic Does the Store Bring [...]

3 Reasons to Lease a Retail Space

When it comes to finding a retail space for your business, you have the option to either buy or lease real estate. Many business owners love the idea of owning their business location outright, but there are more benefits to leasing than you may realize. Here are a few of the best reasons to lease a retail space for your business. Reason #1: It's Less Expensive Buying a retail space requires much more from you than leasing. Most business owners must take out a loan and finance their purchased property, and typical SBA loans require [...]

Common Questions About Commercial Real Estate

Whether you're in the process of purchasing a commercial property or are considering acquiring a physical location for your business, there are a few things you should be aware of. Here's how to ensure you're best prepared for the business adventure that awaits. Q: How much space do I need for my business’s commercial property? A: The general rule for commercial real estate space is leasing about 250 square feet per employee. However, the type of business you conduct and the services you offer greatly contribute to this number. If your business requires a waiting [...]