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Considering Leasing my Shop8/15
I have a nicely equipped shop located in Walker Louisiana. The shop consist of a 2100 st ft insulated shop and approx 1 acre of land. Equipment includes Tables Saw ,Planer , 3 sharpers (3hp ) older 36 in powermatic sander and a f90 altendor , small line borer and blum hinge machine and 3hp air compressor. The recent flooding around my area has overwhelmed me. Thousand of houses flooded in the area .My lead guy just moved out of state and for helpers im been short handed for a while Any feed back on what I should ask per month. I will leave the leagal stuff to an attorney .I just trying to decide what to do.
bear with my grammer I have a lot going on
First, I'm very sorry to hear that the flooding has affected you. A crisis is a poor time to make long term decisions. I suggest you wait a little longer before deciding what you want to do. Your lead guy leaving is a double whammy.
Doesn't this flooding present an opportunity for your business as people rebuild? I know it's not a good thought to profit from others misfortune, but~.
Finally, what exactly are you leasing. Space and equipment? Or a customer base and leads? If you don't want it, why would anyone else?
Good luck and I hope you find a positive outcome to all this.
I appreciate your reply. Suggesting that i wait is good sound advice. I was considering leasing the complete shop. As far a leads go the phone rings 1 per hour now and I'm sure that will change. As in who would want it ? With an estimated 80 thousand homes flooded in a within 10 miles I would guess anyone who is not as old and overwhelmed as I am that has the knowledge and ability to run a cabinet shop but does not currently have one. I guess my question is more suited to a real estate site. i was just thing someone on the site may have some knowledge on lease values.