Whether or not you’re from Philadelphia, it should be well noted that it is one of the more famous cities in our country. The city itself is rich in History and carries its significant weight of history since the dawn of The American Revolution and the birth of our country. Famous tourist sites including the Liberty Bell, Independence Hall (Where the Declaration of Independence was written), The Betsy Ross House (The woman responsible for our nations first flag) and my personal favorite, The Rocky Steps all bring one very important thing that is important for every major city in America.
Tourist bring with revenue and economic flow, sometimes new idea’s through conversation to help flourish the industry even further. All because someone Mr. and Mrs. Whoever wanted to take a trip and visit somewhere, right? Why Philadelphia or any other city in the county that has Historical venues, an interesting night life and world class Philly Cheese Steak Sandwiches. So you’re an entrepreneur and want to open up a business and take advantage of what “The City of Brotherly Love has to offer”. You’re going to need a piece of Commercial Real Estate. Somewhere that you can set up shop and make some money. As most folks are in the business of making money know that location is usually everything. Unless you’re somewhere outside of the city and you need to be on point if you want people to come to you. Outside of the city you’re sure to pay less for you’re purchase or lease or rent or what have you. But ultimately inside the city is where you’re going to want to be. Also be ready to be open for business several hours a day just like http://www.liveloveathome.com/blog/philadelphia-commercial-real-estate/.
What are you selling, what are you’re advertisements? Are you an inspiring florist? Do you have you own recipe for a great craft beer? Think you can make a better Cheese Steak Sandwich than some of the locals? Some great places to go for research are obviously Google is a great start for searching anything but it’ll refer you to websites like www.loopnet.com, www.wework.com, www.showcase.com, and www.zillow.com to get you started. You’ll need you’re financing in order and it would behoove you to have an understanding of the city, the demographic and locations of whats going on there on a daily or nightly basis. You’re licensing to serve food and alcohol will need to be up to date and approved by Philadelphia county
After doing some research of my own www.bizfluent.com seemed to have the straight forward answer about opening a business inside of Philadelphia County. Say if you’re opening a bar, club or some other nightly venue. You’ll need to coordinate with them along with you’re commercial real estate agent. biz fluent.com will give the basics of where you can open you’re establishment, how you acquire you’re licensing and what licenses need to be obtained before getting different ones. Such as you’ll need to acquire a liquor license through the county, but if the county is maxed out on license’s because they only permit 1 license per ever 3,000 residents of the county. You do have the option to buy out another license from a competitive venue that may be shutting down. Also, you can not purchase a license to serve food until you have obtained you’re liquor license. That will set you back $300.00 at the time of receiving the license but if you have a good location then selling more than $300.00 a night worth of food and drink and watching tourist be merry is well worth it.
Do your homework, in what ever venture you wish to pursue. Understand what a demographic is and know what it is before you dive in. Contact a Commercial Real Estate agent, and don’t be afraid to ask questions, lots of questions. If you don’t fell like you can trust them or if something is off. Its ok to refer to another agent. Research the local laws and licensing, city ordinates and zoning regulations are a must. Your agent can tell you everything you need to know.