However, if Caledonia has owned a previous leasing site and business is moving. It will be smart for them to go ahead and buy some property. They will be able to save in the long run with owning instead of leasing, because this location will be considered a long term. While owning the site, doing renovations to the building will never be an issue. You will not have to go through the hassle of a third party to the store/ property up to standards to the market. There is already a process with getting permits pulled and getting construction sites up to code.
Depending on the overall move that Caledonia wants to go in will have to be based off of their initial plan on getting more property. As mentioned there are many different pro’s and con’s on why either leasing or buying can be considered an