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The headache of retail expansion

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Running Time: 10:13

Date: 01/10/2024

Retailers that are looking to open to new shopfronts are being hamstrung by huge construction costs and a lack of builders.

Business is going so well for Dr Vivek Eranki's Cosmetique that he is planning to open 30 new beauty, injectables and laser hair-removal clinics across the country in the next 12 months. The problem is construction time and costs are blowing out. He says he prefers buying a property, rather than leasing, as it reflects well on a balance sheet and he can plan a lot easier because he knows what the expenses will be.

  

Topics: Financial Management


Dr Vivek Eranki, Cosmetique