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April 27, 2015
Unless you have a lot of capital, or partners backing you, you should research both types of businesses (Yoga studios and Cafes). As you probably know by now, you have an option to lease, rent, or buy commercial property. With that said, you may want to determine if it is worth your investment to lease, buy, or rent. In each case - there are advantages and disadvantages. You might also want to consult with the local planning boards to find out about any building, fire, electrical, and handicapped - codes and ordinances. The reason I mention this is because buying a building, that has to be brought up to code, can be quite costly. If you are going to lease or rent, you can pass on the cost of upgrading for local codes, as long as you make the potential landlord aware that you are not willing to pay to bring the space up to code. Let me know if you have any other questions.
All the best.
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