Updated 01/27/2012 06:26 PM
Small business owners cash in on low-cost leases
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RALEIGH — Small business owners in Downtown Raleigh are cashing in on some lucrative leasing opportunities.
At the same time, owners are managing to find a creative way to open their doors without the hefty cost of overhead. It is a proof the economy is on the road to recovery.
“We started online, and the website started to grow, and eventually we wanted to open up a physical space,” said owner of “mxmcty” Laura Richardson.
In the last six weeks three businesses have opened in Downtown Raleigh's Carter Building and more are on the way.
“Who can afford to put aside $30,000 to $40,000 to own a boutique? This is by far the best capital that I've ever invested in,” said owner of The Head 2 Toe Boutique Melissa Solis.
A building that's traditionally been an art gallery is now home to several small businesses, and with leasing costs as low as $400 per month, the dream of someone owning their own company can now be a reality.
From records to clothing and make-up applications. The venue has something to satisfy anyone's style.
“You only live once. You've got to try and really go after your dreams,” said owner of In The Groove Records Richard Rollins.
The Carter Building has been in Raleigh's Glenwood South district for more than 60 years. It houses the studios and businesses of more than 75 professionals.