EP9: How I Turned $40k into an $800k Business: Rent Agreement (Part 2)
Description
In this episode of The Simple Profit Podcast, part 2 of a 3-part series, Tu Le unfolds his journey from a $40,000 initial investment to building an $800,000 martial arts business in just five years. This episode focuses on essential aspects of commercial real estate and business growth, with Tu sharing critical strategies and insights.
Tu dives deep into the significance of rent negotiations and triple net lease terms, highlighting their impact on startup and operating costs. His guidance is pivotal for entrepreneurs seeking to minimize expenses and optimize business performance.
Timestamps:
03:14 The Hidden Costs of Triple Net Leases
04:39 Navigating Build-Out Costs and Landlord Negotiations
07:46 The Power of Smart Lease Terms and Build-Out Strategies
13:35 Rapid Setup and Launch: From Keys to Classes in Days
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