Originally Posted by
MassCommuter
The shop was in a prime location and I'm sure the lease/rent was sky high.
I'm surprised there are so many businesses with decades long leases.
I'm a little independent here, but I would have tried as hard as possible to buy the business location long ago. My brother has been building a small business. And, bought a chunk of bare land near a new shopping center/movie theater that was being put in. Not right next to it, but close enough that the business development was quickly spilling over to his area. And now that will be his for the rest of his life, and it is possible his children would want it in the future.
Of course transferring assets from parents to children isn't without issues.
And, then there is the question of working every day of one's life when one is sitting on a pot of gold.