There isn’t just one way to run a business, but no matter which method you choose to operate, all business owners have to consider their bottom line. That said, what works for one company might not be in the best interest of another in the long run. The same goes when deciding between buying vs leasing real estate for your company.

While in some instances, the assumption of opting to lease as a start-up and buy as an investor is optimal, there are other nuances to consider when deciding between buying vs leasing real estate. There are pros and cons to either approach, each suited to certain situations. Here are some of the different factors to consider before taking the next step in growing your business:

Available Resources

Before making a serious investment, it’s crucial to first consider the current available funds a company has access to. A mom-and-pop business can’t financially operate in the same way as a multinational without hurting their business. In terms of buying vs leasing real estate, some companies will benefit from the smaller overhead cost of leasing a property, while others will be able to accommodate the investment for future returns.

Instead of making a large initial investment, a small to medium enterprise can benefit from leasing prime commercial properties in business districts without burdening their overhead. Leasing property in curated communities can allow businesses to flourish around their ideal market – and being within arm’s reach of residential neighborhoods helps them become go-to establishments for those who live nearby.

Alternatively, even a startup with access to more financial resources can consider buying vs leasing real estate, seamlessly creating additional sources of income for their business. This kind of venture can generate additional profit by leasing out portions of their property and offering services to tenants, while simultaneously building equity over time. Once they outgrow their space, they can either take over the whole property or relocate while generating income from the property they own. 

Duration of Use

While the thought of owning commercial real estate is enticing, determining the stage your business is in can define the difference between buying vs leasing real estate. Most companies eventually outgrow their initial workspaces, so leasing commercial property might benefit business owners in the early stages of their development. 

On the other hand, some companies are primed and well-suited to take root and establish their own permanent base of operations. If a company is looking to buy commercial real estate, it’s crucial to deal with reputable developers knowledgeable about the history and trends of a property’s location. This will allow the business to maximize the future returns of owning commercial real estate.

Control of property

While there may be a lower overhead cost when leasing property, grand innovations are subject to the approval and terms of your landlord. The level of dynamism your business operations require can help you decide between buying vs leasing real estate. Moreover, if your company operations necessitate periodic upgrades or renovations outside of your lease agreement, any permissible changes you make to increase the property’s value will ultimately benefit the landlord in the long run. 

One privilege of leasing real estate is the ability to move into a ready space and delegate the responsibility of handling property repairs. For newer companies that prefer to focus on their core operations, this is well worth the low overhead.

Securing permits and licenses, and shouldering the property’s maintenance and upgrades are all duties that fall on a property owner. While there are substantial responsibilities to managing real estate, landlords are also the ones poised to reap substantial gains.

Meanwhile, buying a property presents prime long-term opportunities for businesses that plan ahead. For enterprises that are looking to expand and establish permanence in a particular district with a steady market from nearby residential neighborhoods, buying their own real estate offers them flexibility in their business plans, allowing them to position themselves favorably in the long run.

As with any business strategy there are pros and cons to opting for either buying or leasing real estate. Considering these broad factors serves as a good initial baseline when determining what strategy works best for your situation. Whether you’re evaluating your options as a start-up or as an established company, a proper assessment of your situation can be advantageous for your company’s bottom line. 

Make The Smart Choice

If you’re considering expanding your business in the fast-developing City of Smiles, Rockwell Center Bacolod, with its signature sophistication at the heart of the business district, offers a unique opportunity. It presents a streamlined combination of residential and commercial real estate, providing multiple avenues for businesses to grow or expand, whether they decide to buy or lease real estate properties. Additionally, Rockwell Center Bacolod provides a range of commercial lots with varying sizes, ensuring that you have diverse options tailored to your specific needs and preferences.

Make the right choice for the future of your business and contact us here for more information.

THE 2023 Namit Namit Food Festival (NNFF) is happening this weekend at the Rockwell Center in Poblacion, Makati City. For those who were not able to join the MassKara Festival in Bacolod City last month, their cravings for authentic inasal will be satisfied by three big brands that are participating in the NNFF: Bacolod Chicken Inasal, JT’s Manukan Grille and Inasalan sa Dalan.

This three-day festival also features Negrense foodie favorites such as Manolo’s by Chef Manny Torrejon; Mit-Namit Food Hub by Silay City-based Sir & Ma’am; Pat-pat’s Kansi, the Ilonggo version of Batangueños’ bulalo beef soup; Ereñeta-Manoloto Chorizo de Bacolod; Grem’s Deli; Quan Delicacies; Elsie’s Diner; flavored piayas from Fresh Start; Marissa’s Artisan Ice Cream & Pies; and the iconic century-old El Ideal Bakery.

Negros Island has a rich culinary heritage that fuses Indigenous flavors with Spanish, American and Chinese cuisines. This unique blend of cultures has given rise to a diverse food scene in the province of Negros Occidental, known as the “Sugar Bowl of the Philippines,” because of its vast sugarcane plantations.

As an ingredient, sugar plays a significant role in the Negrense cuisine — with sugarcane and its by-products often used in various main dishes, pastries and sauces. Many restaurants and eateries in Negros source their ingredients locally, ensuring freshness and promoting sustainable farm-to-table practices.

Now on its second annual edition, the NNFF at Power Plant Mall’s Hidalgo Driveway is co-presented by Rockwell Land Corp. and Sugarsmiles Philippines Management Inc. (SPMI) in partnership with San Miguel Beer and The Keg BGC. It celebrates the Cinco de Noviembre holiday in Negros Occidental commemorating the short-lived Republic of Negros established by Generals Juan Araneta and Aniceto Lacson in 1898-1899.

With over two decades of experience in creating holistic lifestyle centers all over the country, Rockwell Land is bringing its signature touch to the “City of Smiles” through Rockwell Center Bacolod. The 30-hectare mixed-use development will have residential properties, office buildings, retail establishments and 80 percent open space catering to a wide variety of lifestyles.

SPMI is an all-Negrense company that produces coffee table books, community magazines, industry publications and special events. Its name is derived from Sugar & Smiles: The Negrense Legacy Beyond 2020, a 320-page book about Negros Occidental that has won international awards in Toronto, Canada, and Bali, Indonesia. Festivals and trade fairs are likewise part of SPMI’s portfolio, including the Sugar & Smiles Festival in Bacolod and the NNFF in Makati.

MagBoracay launch

An online magazine was launched by SPMI last month in the Philippines’ beach capital, Boracay Island. Simply titled MagBoracay, the quarterly publication is aimed at highlighting the transformation of the island into a sustainable tourist destination after its six-month closure and rehabilitation five years ago. The launch coincided with the fifth anniversary of the island’s reopening on Oct. 26, 2018.

In its maiden issue, the magazine’s cover story places the spotlight on Bulabog Beach and its new brick road that redefines accessibility to the island’s previously neglected eastern seaboard. Bulabog has lately become a must-visit area for overseas and domestic travelers who used to prefer staying along white beach in western Boracay. Water sports like kiteboarding and windsurfing are popular in Bulabog due to its location on the windy side of the island.

Not many people know that Boracay’s three barangay (villages) — Yapak, Balabag, Manoc-manoc — belong to the local government unit (LGU) of Malay municipality in mainland Aklan province. Malay’s incumbent mayor, Frolibar Bautista, is profiled in the “LGU Matters” section of MagBoracay, while another section called “Only in Malay” spotlights the Motag Living Museum as the first interactive living museum in the Philippines.

To reach a wider audience, the print edition of MagBoracay will be released by SPMI during the NNFF’s opening cocktails tonight. Expected to attend are city officials of Makati and the newly elected members of Poblacion’s Barangay Council. Visit www.MagBoracay.com for the magazine’s digital version and find out why Boracay has maintained its top ranking among the best islands in the world.

For more information, please visit Rockwell Center Bacolod.

Article taken from: https://finex.org.ph/2023/11/10/a-celebration-of-negrense-flavors/

If there’s one thing Negros Occidental is known for aside from its sugarcane, it has to be the delicious cuisine that comes from its farmlands and seas.

“Namit” is an Ilonggo word for yummy food, and Negrense cuisine is one of the nation’s best in terms of richness in flavor.

Metro Manilans who missed last month’s MassKara Festival in Bacolod City have another opportunity to experience the best of Negrense cuisine through the Namit Namit Food Festival at Rockwell Center in Poblacion, Makati City, Friday to Sunday, November 10-12, organizer Benjie Torre said.

Three popular inasal brands are participating in this three-day festival: Bacolod Chicken Inasal, JT’s Manukan Grille, and Inasalan sa Dalan.

Other Negrense foodie favorites that are featured in the 2023 edition of Namit Namit Food Festival are Manolo’s by Chef Manny Torrejon, Pat-pat’s Kansi, Ereñeta-Manaloto Chorizo de Bacolod, Grem’s Deli, Quan Delicacies, Elsie’s Diner, Fresh Start, Marissa’s Artisan Ice Cream and Pies, Mit-Namit Food Hub, and the iconic century-old El Ideal Bakery.

Now on its second year, the Namit Namit Food Festival at Power Plant Mall’s Hidalgo Driveway is co-presented by Rockwell Land Corp. and Sugarsmiles Philippines Management Inc. in partnership with San Miguel Brewery and The Keg BGC.*

For more information, please visit Rockwell Center Bacolod.

Article taken from: https://digicastnegros.com/best-of-negrense-cuisine-in-makati-nov-10-to-12/#google_vignette