I live in a small town east of Toronto. The area has been developing like crazy and there has been many new homes and schools built in this area. recently, they built a new plaza with 6 commercial units and a Sobey's grocery store. This plaza is surrounded by 3 schools in walking distance. 1 high school directly accross the street. Perfect location.
I contact the people leasing the units and find out they're asking $9 per sq ft/ a year. the unit is 792 sq ft which comes to $7,128 a year. $594 a month
so the lease, hydro, insurance... I would be looking at under $1000 a month
I figured if I had all the games on free play and charged $3 an hour I would only need 15 kids a day to cover my costs. realistically I would get much more business than that. there's literally nothing else around here and all these kids have nowhere to go.
here's where it all fell apart. Apparently Sobey's grocery store does not allow Flea Markets, Arcades, or Adult stores to be built in the same plaza as them. it's one of their conditions in their leasing agreament. it goes against their parent company beliefs.
I was pretty dissapointed when I found that out, however I'm looking for a new spot in my town. I don't expect it to be a very profitable business, and it is not my main income, but I wanna do it. I think even in this day, the arcade business can survive if the location is right and the lease is affordable.
thoughts? am I crazy? lol
I contact the people leasing the units and find out they're asking $9 per sq ft/ a year. the unit is 792 sq ft which comes to $7,128 a year. $594 a month
so the lease, hydro, insurance... I would be looking at under $1000 a month
I figured if I had all the games on free play and charged $3 an hour I would only need 15 kids a day to cover my costs. realistically I would get much more business than that. there's literally nothing else around here and all these kids have nowhere to go.
here's where it all fell apart. Apparently Sobey's grocery store does not allow Flea Markets, Arcades, or Adult stores to be built in the same plaza as them. it's one of their conditions in their leasing agreament. it goes against their parent company beliefs.
I was pretty dissapointed when I found that out, however I'm looking for a new spot in my town. I don't expect it to be a very profitable business, and it is not my main income, but I wanna do it. I think even in this day, the arcade business can survive if the location is right and the lease is affordable.
thoughts? am I crazy? lol


