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This is key to securing financing and to understand what you’ll need in a commercial space. Invest PGH has a partnership with Chatham CWE to assist you in developing a strong plan.

It's important to know how much you'll need to open your doors, and how you'll secure those funds. Don't forget to consider rent, build-out, and fixtures that you'll need. We call these considerations "Sources and Uses."

· How many enrolled children are required to meet your revenue goals?

· How many square feet do you need to serve those children?

· What are the zoning and permitting requirements for the space?

· Do you have an architect to assist in the buildout and compliance for PA State requirements?

· Is your space accessible (ADA compliant)?

· What is your timeline to secure the space?

· What is your timeline to gather the funding needed for your space?

· Do you have an architect to assist in the buildout and compliance for PA State requirements?

· How long is the lease term? A commercial lease term is usually three to five years and the term of most loans will be the same length.

· Who is responsible for the realtor’s commission? Typically the landlord’s realtor pays all commissions due for securing a tenant.

· Does the rent include utilities and other taxes and fees? This is referred to as a triple net lease. You should consider those costs in your budget, business plan and projections.

· Does the rent increase year to year? If so, consider those costs in your budget.