I’m endlessly amused by the list of symptoms at the end of prescription drug commercials. Watching gracefully aging actors skipping blithely through a meadow with a 🦋 butterfly net, or 🎨 oil painting in a sun-streaked garage studio juxtaposed with the voiceover listing (as quickly as physics and the law allow) the list of dire and bizarre side effects always makes me chuckle. I’m not alone - Kristen Wiig and Bill Hader memorably spoofed these commercials on SNL in 2014… which was four lifetimes ago, yet the joke still works.
I’ve wondered why these commercials exist at all when, most of the time, the side effects get more airtime than the benefits of the drug. You’d think that ⚠️ warning...
Mindset is everything, right? And without a doubt, your mindset when it comes to finding and negotiating your brick-and-mortar lease is key.
Over the last few years, we’ve observed two different approaches that remind us of two deeply unpleasant bureaucratic experiences. What are these experiences? They’re going to the DMV, and going to court.
We know it sounds a little ridiculous, but go with us here, because you know we love a leasing metaphor, and we think this one works even if you’ve only been to court on TV.
So as we were saying…
In some ways, visits to court and the DMV are very similar:
They both have vending machines
The both require a lot of boring paperwork
The...
Some of the most successful Pedal Retailers are called to open their businesses because they can’t find what they’re looking for anywhere else. District Champagne, Pirouette Cafe and Wine Shop, Merry Pin, and Jurisdiction Clothing all spring to mind. They knew there was demand for their business because they felt it themselves, and when they couldn’t take it anymore, they took action to create what was missing.
Jill Adams’ Pink Moon is one of these businesses that simply had to be born. As a Bethesda mother of three young children, Jill was painfully aware of her (and her friends’) struggle to find time and space to prioritize mental and physical health with a community of other mother...
One of my great fears in life (besides clowns) is being suddenly thrust into a talent competition. I’m not a singer, I don’t play any instruments, and while my dance floor skills are excellent, my training came from the 1994 Bat Mitzvah circuit, so not exactly Julliard.
I have, however, realized that I do have some very specific…abilities?...that sometimes elicit responses like an “oh, wow, that’s cool.” Since you’re dying to know, I’ll share:
🍺 I’m very good at identifying the alcohol content of beers by taste
🥃 I can quite accurately determine the volumetric measurement of a liquid in a container by sight
🎤 I have near perfect accuracy in picking the “wrong” horse, so to speak. P...
Dear Pedal,
There is a space in my neighborhood that has been vacant for, no joke, probably four years at this point. Definitely since before the pandemic. Season after season I watch the “For Lease” signs in the window fade and age, and it doesn’t look like there’s anything happening.
So, my question is this – why wouldn’t the landlord lower the rent to make the space attractive rather than just let it continue to sit vacant? It is seriously killing me… this space could be the home to some awesome local business instead of the nothing/ eyesore it currently is.
Yours truly,
Thoughtful Neighbor
Well, hi, Neighbor, and thanks for your excellent question. Here at Pedal, we get differ...
I (Abby) do not have any tattoos. This will come as a surprise to many, who are surely thinking “but she SO cool and edgy. So counterculture! She really makes redlines seem punk rock.” 👩🏻🎤
I do, however, have a number of retail real estate truisms that would come in handy if I ever DID have them tattooed on my body. Chief among them? “EVERYTHING IS NEGOTIABLE”
As we negotiate our deals, Pedal Retailers learn this is true. Pedal Retailers save $115,000 on average per lease – and that’s just just the tip of the iceberg.
✅ Need three months free after you open to ramp up sales? Let’s ask for it.
✅ Need short term parking out front for online order pickup? Let’s ask for it.
...
We hear about it every day from start-up retailers. They call a “for lease” sign, have a (usually) pleasant conversation with the landlord’s broker, and then…nothing. Calls, emails and prayers all go unanswered.
They’ve just disappeared and left a specter of anxiety and dashed hopes. What in the flying phantasm?!
This is usually when the haunted house in your brain kicks into full gear…
😱 Did they think my business concept was stupid?
😱 Do they think I’m an idiot who can’t pull this off?
😱 Am I such an obvious loser that their k
...You know how the saying goes...
💯 Good
⏱️ Fast
🤑 Cheap
You can pick two.
The internet is undecided (shocker!) about the original attribution of the phrase we’ve all heard in some form or another. While we might not know who first spoke this into office decor legend, we know that it’s true…especially when it comes to retail real estate.
💯 + 🤑
Looking for a good space that’s also cheap? It won’t come fast, because spaces like this are hard to find, and negotiations take a long time.
🤑 + ⏱️
Looking for a cheap space that lets you open up shop next month? You’re not going to get a good spot in a prime retail area.
💯 + ⏱️
Looking for a good retail space that lets y...
