Franchises

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.
Guest Writer
min read
Opinions expressed by Entrepreneur contributors are their own.
The only reason to consider this is if they get great walk-by traffic. Otherwise, you would be better off to buy the data base from the business and incorporate that into you own operations.

Given the nature of the current retail environment -- this option would probably be best for you.

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