LARSEN RETAIL
User Representation
Note, some of the below clients were served by participants prior to their involvement at Larsen Commercial
CLIENT
TASKS
Virginia Heritage Bank
Gainesville, VA
Branch acquisition
Challenge:
- Locate and negotiate for a new branch location in the Gainesville area
Solution:
- VHB retained Larsen Commercial to locate a prime location need the "right" potential clientele
- Larsen located sites & narrowed the list
- Negotiated new lease at Heritage Hunt
Virginia Heritage Bank
Chantilly, VA
Branch acquisition
Challenge:
- Locate and negotiate for a new branch location in the Chantilly, VA
Solution:
- VHB retained Larsen Commercial to locate a prime location need the "right" potential clientele
- Larsen located sites & narrowed the list
- Negotiated new lease at Lafayette Business Park
Red Hot and Blue
Herndon, VA
New Restaurant Location
Challenge:
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Locate ‘trophy’ location for high visibility and traffic location in Northern Virginia
Solution:
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Red Hot and Blue retained Larsen Retail to find a new, prime (trophy) location
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Larsen located approximately 20 suitable opportunities over a twelve week period
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Larsen negotiated the letter of intent and the lease achieving a ‘better deal’ than the owner had expected
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Larsen retains a future assignment to locate the next Red Hot and Blue location for this franchisee
Kumon
Math and Reading Ctrs
McLean, VA
Fairfax, VA
Potomac, MD
Silver Spring, MD
Laurel, MD
New Locations
Challenge:
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Find retail locations for franchised Kumon Math and Reading centers in locations above
Solution:
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Kumon corporate and several Kumon franchisees retained Larsen Retail to find a new locations to relocated existing facilities
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Larsen located approximately five to eight suitable opportunities for each location within a period of two weeks after receiving the assignment
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Larsen Retail qualified all prospective tenants with Larsen Retails Lease Application and submitted same to landlords
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Larsen negotiated the letter of intent and the leases achieving, with each tenant receiving a landlord-provided turnkey buildout
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In one instance Larsen Retail negotiated the purchase of office condominium(s) for a franchisee
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Larsen retains a future assignment to locate the future Kumon locations in the greater DC market
Kavenchy Salon and Spa
Arlington, VA
New Locations & Start-Up Business
Challenge:
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Find a first-class retail location for a start-up business owner in Arlington, Virginia
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Review and edit owner’s business plan to ensure the owner’s financing was sufficient for the project; discovered planned and bank-committed financing was insufficient
Solution:
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Assisted owner as business advisor to meet with lender to expand credit facility
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Successfully negotiated with lender on owner’s behalf to reduce guaranty requirements
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Created sources and uses of startup fund requirements
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Revised owner’s business plan to be suitable for lenders and landlords – creating a viable “package” for a business entity that lenders and landlords would find appealing
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Located approximately five suitable opportunities immediately
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Negotiated the letter of intent and the lease, including working with the tenant’s counsel to close the lease. Received nine (9) months of free rent plus a landlord cash contribution of $22.50 psf
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Recommended architect and managed design process
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Recommended multiple general contractors, supervised bidding process and recommended approval of the eventual general contractor
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Managed general construction process through opening
Zips Dry
Cleaning Franchise
Dumfries, VA
New Location Financing
Challenge:
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Owner had been turned down by four (4) lenders. The owner needed assistance securing financing for this venture.
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Owner had been turned down by four (4) lenders. The owner needed assistance securing financing for this venture.
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Larsen Retail reviewed and edited the owner’s business plan to ensure the owner’s financing was sufficient for the project; discovered planned and bank-committed financing was insufficient
Solution:
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Larsen Retail reviewed, edited and revised the owner’s business plan to ensure the owner had a viable “package” for a business entity that lenders would find appealing
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Assisted owner as business advisor to meet with lenders known personally to Larsen Retail
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After introductions to four (4) lenders, owner received three (3) offers for financing
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Successfully negotiated terms with chosen lender on owner’s behalf