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In this episode, Mike Allen and Matt Lofton evaluate property values and location choosing for automotive repair shops. Matt gives tips on assessing both leasing and purchasing options, saying it's important to look at environmental inspections to avoid costly site contamination issues. Together, Mike and Matt break down how to quickly run the numbers on a new shop – from demographic analysis and competitive research to calculating realistic revenue projections based on shop capacity.

Timestamps:
00:00 Choosing a Business Location is Crucial

05:27 Building Investment Due Diligence

07:56 Renovation Challenges and Parking Plans

12:48 Commercial Property Appraisal and Inspections

15:35 Soil Testing and Abatement Costs

18:59 "Essential Due Diligence for Buyers"

23:33 Creative Lease Negotiation Strategies

24:39 Lease Agreements with Conditional Terms

28:33 Impact of Gentrification on Leases

32:17 Landlord Intentions and Investment Strategy

35:36 Local Demographic Analysis Strategy

37:39 Assessing Location Viability

43:43 Competition and Location Assessment

45:49 Maximizing Building Productivity Feasibility

50:13 "Rent Budget and Growth Constraints"

52:33 Managing Building Costs and Overheads