Can you negotiate with your current landlord?
A: Not very flexible. Got them down from a 5yr to 3yr but that's it. Wasn't getting a better deal for a 5yr, just a longer commitment.
Are you a retail-type storefront with less sophisticated clients that would not know where/how to find you?
A: Not a retail storefront. Most are 1040 clients. As far as sophisticated? Hard to say. Some of the smartest people can be some of the dumbest too.
How much is the move going to cost you in $ and aggravation (movers)?
A: Cost I think will be minimal as most of the current furniture stays. I'll have to purchase new furniture, but it'll just be a reception and main office area.
Is the new place that much less attractive?
A: The new building is on a busier more recognizable street compared to where I'm at. My current office probably looks nicer and roomier but the layout sucks. I have two empty offices. I've tried renting them out but haven't had any luck. I also have to be careful who I rent to as I have personal information to guard.
How much in foot traffic or visibility does the current location compare to the new location and how much of the 75% new clients were a result of the location?
A: Not much traffic or visibility at either location. 75% of the new clients are a result of the current location but that's because they followed the prior preparer I acquired from to the current location.
How much more do you want to/need to grow?
A: Not looking to add staff at this point but that could change. Plan on continuing with the same type of client and looking to grow the asset management side. I can generate a decent income with just tax preparation and asset management.