Commercial Real Estate Financing
How to Stay on Top When Competition Grows
As a brick-and-mortar CBD store, there’s only so much you can grow. With the Internet sprawling with options, some people chose to take their business there rather than needing to shop in a physical store. Between this and local competition, the store owners were starting to feel the heat.
The idea of moving into the online space came up several times before the owners decided to make the leap. It would end up being a complicated process but could give the brand more business and customers than would ever be possible as a single storefront in one location.
The Price Tag to Enter the Online CBD World
After making the decision to move in a new direction, the biggest question was related to costs. How much would it take to create an online storefront that would impress the denizens of the Internet? It turned out that the number was lower than expected.
For about $75,000, the CBD owners could journey online to share their wares with customers across the country. That seemed reasonable but the owners wanted to find a financing option to avoid dipping too deep into savings.