Even though banks are starting to lend again after an almost complete stoppage during the recession that started in 2008, borrowing money for a renovation or new club can still be a daunting task. For that reason, some club owners are getting funding from landlords because landlords have a stronger motivation to negotiate as they need to rent empty, non-revenue generating space.
Although it is a buyer's market today, landlords still want credit-worthy tenants, especially if they a
Register to view the full article
Club Industry Freemium Content
This content is FREE to access as a registered user on ClubIndustry.com.
Why register for Clubindustry.com? It’s simple and free and here is a sample of what you get:
• The latest breaking news on club operators, manufacturers and vendors, including mergers and acquisitions and financial reports
• Insights from Club Industry editors
• Advice from industry experts on how to improve your business