Letter: Everything, Yes Everything, in Business is Negotiable

Dan Heredia, Dana Point

In February 1988 I opened my first business, a retail lingerie store (Fatal Attraction Lingerie & More) on Pacific Coast Highway and Crystal Lantern, paying $2.25 a square foot. Five years later and facing the first recession, I moved the store to the Blue Lantern Plaza, paying .95 cents a square foot, plus I was given tenant improvement money.

Dana Point at the time was an entrepreneur’s dream. Not only could you start a business, you could also reside in the small little beach town and raise a family like I once did.

I became active from the beginning with the Dana Point Chamber of Commerce and a couple of years later with the city of Dana Point and the different commissions that were created to address the problems facing the mom-and-pop business district.

With the power of networking and marketing, my business survived for 16 years before selling in 2006. One of the reasons to sell was because the yearly increase of the lease. During these 16 years, I attempted to buy vacant lots or buildings which to this day remain vacant—and I notice more vacant buildings and store fronts. The owners of these properties hung on for the right price. Some of the owners I originally contacted have passed on.

Being an entrepreneur isn’t easy, especially if someone decides to open a retail business let alone a restaurant.

Two decades later, big money is coming into town with over-developed projects, which, if approved, will make this once small quaint beach town and harbor look like Hermosa, Redondo, Huntington and Newport Beach if the city isn’t careful.

I hope the city’s economic development manager realizes that whatever retail and restaurant plans for the future in relationship to any development that the leases are reasonable and affordable so the mom-and-pop businesses can return and prosper.

Otherwise, Dana Point may become the white elephant of south Orange County. As the saying goes in business; everything is negotiable.

, , , , ,

One Response to “Letter: Everything, Yes Everything, in Business is Negotiable”

  1. Paul
    July 28, 2014 at 11:07 am #

    Sitting at Starbucks outside tables last night we observed the traffic going north. Imagining it turned into two way traffic with one lane each way it was easy to foresee the bottle neck that is coming. What about the Starbuck’s patrons that spill out into the street? Put bikes and pedestrians in this debachle and we have a recipe for disaster. Pacific Coast Hwy? One lane each way? Who is responsible for this absolute failure? I can see the future with people saying, “We used to go to Dana Point but it’s such a traffic snarl we stay in Newport and Laguna”.

Leave a Reply

Leave your opinion here. Please be nice. Your Email address will be kept private.