How We Help You Find Your Ideal Click IT Store Location
At Click IT, we understand that making the right selection of a store location has a direct effect on the Franchise owner's financial future.
Very few Franchisors identify this importance until it’s too late, if ever. At Click IT, we believe that the Real Estate Locations and their economic qualities are not only the heartbeats of life and death for our franchisees but are the single biggest contribution to revenue and profitability.
Therefore, in May 2021, we entered into an exclusive agreement with FGP Commercial Leasing (FPG) and have assigned all of Click IT's real estate functions over to these experts who know and understand this most important aspect of franchising. With their expert assistance, together we will guide and direct our new franchise owners so that they make the right selection of where to locate their Click IT store.
Statistics show that even great Franchise owners who end up opening in poor locations will overspend in their startup stage. They then will operate for years paying too high a rent, and the result can ultimately be their failure and worst yet, the slow death of the Franchise system as a whole. At Click IT, we decided to not let this be our fate by finding and then partnering with the best at what they do, FGP Commercial Leasing.
There are high-level strategic understandings, critical and factual information that is needed in order to find the best new store location. The beginning phases are critical and require a committed working partnership between Click IT and FGP.
Franchise real estate is a completely different discipline than commercial real estate. The process improvements in franchise real estate will become apparent as a new franchise is brought through our process developed with FGP Commercial Leasing.
To find the perfect space for your new Click IT store, we use many available web portals.
What We Look For:
Space Requirements: 750 to 1,600 Square Feet
Cost per Square Foot: $8 to $35 triple net (depending on quality and traffic)
Landlord: A friendly owner who is willing to work with you and will give your free months of rent and a build-out allowance. Remember the 3 "Ns": Negotiate, negotiate, and negotiate. Finding a space that has already been built out, an old Subway store with a counter, for instance, will save money.
Below are the minimum demographic data we look for within a 5-mile radius, when selecting a location:
- 60,000 residents or greater
- 3,000 businesses or greater
- $65,000 Medium household income
- $175,000 average housing unit value
- 5,000 automobile passages per day
NOTE: In May 2021, in order to provide the best possible expertise in commercial real estate to our new franchise owners, Click IT entered into a partnership with FGP Commercial Leasing.
Who Is FGP Commercial Leasing?
FGP Commercial Leasing specializes in partnering with a narrow niche of first-time franchisees in securing the highest quality location, lowest start-up costs, and monthly rent. FGP has secured over 1,000 locations in 32 years. They have partnered with first-time and multi-unit franchisees, and you will be the beneficiary of our collective experience.
Their team of specialists will work in tandem with Click IT to deliver high-powered technology using advanced site search tools, which we believe makes the search and selection of our franchise owner's space an exact science. Click IT and FGP will shortlist our top 15 sites we've found that match our criteria, inside the franchise owner's territory. Then, together we will narrow down this list to the 5 top sites. After this exercise, our franchise owner then will execute an effective and precise walkthrough of each one of these top spaces.
This critical walkthrough stage is the “transition point” at which start-up capital is either saved or given away. FGP's role as the senior negotiator is to assess the condition of property and interior pictures and schedule a transparent pre-letter-of-intent conference call with all parties. This allows us to listen first-hand to find out how much capital can be saved with the art of this seasoned negotiation expertise.
Please visit their website at www.fgpcl.com to gain deeper insight into their core values and structured workflow.
To begin the process of protecting the quality of our franchise owner's location, retaining the lowest startup costs, and finding a sustainable monthly rent, please read each of these high-level strategic articles listed below, with an emphasis on the Temperament Article, followed by Franchisee References.