In this tough economy, should I add a second retail/service location?
I currently have a small computer business with one location. We are getting by with a slight profit. However, there is a competitor 12 miles away going out of business and I have the option to get take over that building and phone number.
The landlord is willing to give me a great rate for a month-to-month lease. I have enough working capital for three months if I expand to a second location. Should I take this risk with the bad economy? My business attracts walk ins for PC repair and some b2b customers.