Monday, August 4, 2008

"Pipe Dream" becoming a reality

Finally, some good news on the Chad Torp front.

First, it looks like my germ of an idea has grown into a full-fledged virus.. or, better analogy, my acorn of an idea has turned into a mighty oak.

The owners of the Chesterton property, the one I've had my eye on for a few months now, have agreed to lease their space to me so I can open a second Alta Coma Typewriters location!! We still have to hammer out the details, like final price and move-in date, but they were more than eager to take me on as a renter.

Second, KZMO radio has agreed to let me out of my advertising contract at the 6-month mark, meaning I don't have to advertise for a full year. Hooray!

Okay, faithful readers, I know what you're thinking. Why is he leasing the property instead of buying it, like his grandfather did at the Alta Coma location? And why is he calling the Chesterton location "Alta Coma Typewriters?"

To the first question, the owners simply wanted too much money on a purchase. I won't say how much, but it was in the 7-figure range, and none of those figures were cents! So I'll pay them a set amount each month on a year-to-year lease contract, and then we can renew and renegotiate each year. Sounds fair. I just need to come up with the extra money for the rent, AND I'll have to pay for a new employee. If there's anyone within the sound of my words who knows everything and more about typewiters, let me know and you've got the job!

To the second question, it's really not final that I'll call it Alta Coma Typewriters. The family name is so well-known in town, but maybe not elsewhere. I assume, though, that the name Chesterton Typewriters was already taken many years ago, so I obviously can't use a competitor's name. I am open to debate on that one, but for now, it's Alta Coma Typewriters (Chesterton branch).

It's an exciting time for yours truly. I just hope I can find the cash to make it work. A nice inflow of customers would REALLY help right about now! (hint, hint!!).