Small business saves $6,000 per year

We had the opportunity to work with a business owner that was looking to make better use of the money they spend on rent by purchasing a small industrial bay. The business was spending approximately $13.00 per sq. ft. on rent (not including operating costs) and was able to purchase a unit in a warehouse for $9.00 per sq. ft. The business was paying almost $1,900 per month in rent and by purchasing the unit the mortgage payment is almost $1,400 per month. A savings of $500 per month and the business is building equity as the mortgage is paid down and the property value rises over time. The business has been operating for more than 10 years and expects to operate for at least another 10 years which means that they are now making better use of the money being spent to have a location. If you own a business and are interested in understanding the options your business might have, please email dylan@bridgecap.ca for more information or visit www.bridgecap.ca/dylan

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