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Originally posted by thetraveller

Hi,

I'd appreciate if i could get some idea about the current rent/lease rates for retail shops in toronto and surrounding areas. I'm planning to open a small shop selling indian goods once we get there.

details would be much appreciated.

thanks CD's.

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This is for your information. You will have to decide where it is that you will prosper in this business that you want to start. One location could be better than the other. Hence the saying "Location, Location and Location" is the slogan of the game.

Just to give you an idea, an area of about 500 - 700 sq.ft will command a rental of about $3000.00 to $4000.00 per month and they would ask you for a lease agreement for a minimum period of THREE years.

Any new business will take time to establish and it could be a minimum period of seven years.

This is just statistics: A Family of two working on the basic wage and making 30,000 dollars annually is considered to be just on the poverty level.

If you are running a business, then, if you do not break even, which will be $80,000 p.a. you will be working for nothing.

To make that sum with a 10% profit, your turnover has to be $800,000.00

If the profit margin is 20%, then it will be about half a million dollars. Or a daily turnover of 2,500 bucks.

Here is some more information for you to read and understand in this field.

http://www.tocommercialrealestate.com/Doing_Business_In_Toronto/page_1685035.html

It is good to know the terms that they use, and what it means to the bottom line.
http://www.gtacommercialrealestate.com/resources.asp

Kijiji : http://toronto.kijiji.ca/f-housing-commercial-W0QQCatIdZ40

Please go through and try and fill one of these applications, just to understand what they are asking from you,
http://www.agreementsetc.com/canadian-commercial-lease/?gclid=CMSdjN7dmJQCFQMIswodv3KxtA

One of the largest firms in the Commercial RE.
http://www.dtzbarnicke.com/
Now their children ALSO have moved into the profession comfortably.

http://www.triec.ca/index.asp?pageid=21&int=newsite/news-media/inthenews/MediaClippings/GlobeMay2807.htm

You get an ides of the malls and the markets here : http://www.torontotourtips.com/shoppingtoronto/toronto-shopping.html

Plan before you start. Think before you leap.

Freddie.