Last week we started our usual Monday morning meeting by asking our summer interns for their thoughts on our trip to Dallas for The Boutique Summit now that we’d all had time to let the Diet Coke leave our systems. 

Intern Ollie remarked that the most notable moment from our trip was during the closing party when Abby and I tag-teamed a conversation with an important contact. We hadn’t expected this encounter and we hadn’t prepared at all; so when we executed a perfectly timed, super sharp elevator pitch it looked (and felt) like we were telepathically communicating.

It was fun to hear that the moment made such an impression, because when it was happening, it really did feel like Abb...

When things aren’t coming together on a deal, we revisit the “BLTS” with Pedal Retailers to figure out where we can flex. As a reminder, the “BLTS” are the four fundamental pillars of your real estate criteria - budget, location, timing and space criteria. Most of the time, we flex on location and start to look at a different or broader mix of neighborhoods. Sometimes, we flex on the budget or space criteria, but it’s rare that we flex on timing. 

When it comes to flexing on timing, Emily, owner of District DabbleLab, could teach a master class.

First, here’s the background on District DabbleLab…

Bethesda native Emily started District DabbleLab in 2019 out of her basement as...

Last weekend I went to Charlottesville for a 30th birthday party. This party, for which I gladly drove two and half hours each way, wasn’t for a dear friend or family member — it was for a business. Not just any business…one of my most favorite retail businesses, Scarpa, a truly one-of-a-kind women’s boutique.

I worked at Scarpa during my last years in college and for a couple years after. I’ve told you many times before that I grew up in a retailing family, so if I was born with the kindling, it was my time at Scarpa that struck the match that lit my bonfire of love for retail.

Scarpa came into being in 1994 when a burgeoning architect in her early twenties, Amy Gardner, recognize...

📞“Alexis, guess what?! We got the space! It’s yours!” 

That phone call was one of the highlights of my time at Pedal. It’s not often that we’re in suspense over whether we’ll “win” a deal definitively, but that’s how it went for Fedwell, Alexis Starkey’s neighborhood farm-to-table comfort food concept.

The experience was all the more amazing because of how close it came to not happening at all. Alexis’ road to finding her dream space was long, winding, and quite literally tragic at times. Nothing ever felt certain.

And yet, here I was, letting Alexis know that she’d 🥇 beaten out two established restaurant concepts for a rare second-generation space right in her own neighborhood, ...

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...

I wrote a recent newsletter about why business plans written by a ghostwriter-for-hire, or AI, or anyone-but-you are a big ‘ol waste of money. To recap - they’re generic and boring and make you look lazy, which is absolutely not the look you need when you’re walking the red carpet of retail leasing, so to speak. 

A business plan that doesn’t paint you in the most flattering light is embarrassing, but if that’s not enough to dissuade you from hiring someone to write your plan for you, there’s an even scarier issue with ghostwritten plans: they lack the specific information YOU need to find the right space, negotiate the best deal, and actually plan for successful operations…you know,...

Partnerships of all kinds are tricky, and we learn this fact of life young.

My daughter, Alice, went from an S+ to an S on “cooperates well with others” on her third grade report card this past trimester, and when I asked her about it, she said, “that’s because SARAH was my partner!”

Reality Show Candy GIF by Children's Miracle Network Hospitals

By the time we’re starting our own businesses, we’ve experienced challenging partnerships (both professional and romantic) many times over, and we know what qualities to look for in a potential business partner. But opening and running a business throws real challenges at even the most simpatico partnerships, and you know what can REALLY ...