Oh my goodness, I’m in such a quandry.
For as long as I can remember I have wanted a shop.
For as long as I can remember this has been a pipedream.
However, the shop I rent shelves in is up for sale - and I have first refusal.
It would be a private sale, and no mortgage as it would mean cashing in a bond.
My heart says yes - it has huge potential, being small, quirrky, local and slightly rundown - it used to be a traditional 2 up 2 down terraced house, so is freehold with a garden and upstairs space…but no kitchen and the toilet is currently doorless and in the middle of the back room downstairs, in full view of the garden
That’s the plus side - the negative side is a distinct lack of (buying as opposed to browsing) footfall.
Although I’m looking on it as more as an investment really, and don’t think it would be a problem to sell on/rent out if it doesn’t work out.
And I wouldn’t keep it as just a gift shop.
BUT…it would be the majority of my capital tied up in the shop and I’m incredibly torn as to what to do.
SO, looking for some input really, negatives and positives, as I love the Folksy community