Thursday, November 02, 2006

11/01/2006 New Retail Store open

Well, We got everything wrapped up with the remodel and got the new retail store open. Everything is going great with it so far and sales have exceeded expectations. The remodel took way to long and went over budget, but was worthwile after all. The local town constantly comments on how great it looks and how it has helped improve the towns appearance. The property is cashflowing nicely and the remodel has significantly increased the buildings value. In teh next few weeks one of the main tenants will be remodeling their entire section and replacing all of the windows and doors for their area. This remodel has inspired them fixing up their area, which in turn will again increase the value of the building. Now onto the next project, which will be selling off some land I have to raise cash for building a home for resale in a high end neigborhood in Duluth, MN. I will update you as that project gets started. Hopefully my mumblings are of some value to encourage you in your endeavors or the learn from my mistakes.