What should I have ready on my end for first warehouse lease?
Hello, I wanted to get feedback on a good list of items that I should have prepared before I reach out to a broker to begin my search for our first warehouse lease.

Background: We are a new online clothing company with 2 years of tax returns and are looking to expand into a small warehouse lease. We do not have business credit. 

What should I have in place on my end before I start working with a broker and landlord? Do LL look at profits or more so consistent revenue numbers? Are they more concerned of financials or a full on business plan? 


Thank you!
[{"id": "htagh5z", "text": "Pro forma, 2 years PNL and balance sheets, a LOC if you can get one. Revenue &gt; profit, LLs just want to see your company isn\u2019t seasonal/cyclical and won\u2019t default 8 months in. \n\nAlways more concerned with financials. They want to ensure you can secure a lease. You may be asked to sign a personal guarantee or put up an enhanced security deposit to help secure your contract.\n\nIf a broker recommends you sign a PG, congrats, you now know exactly who NOT to work with. A good broker will get you a \u2018best and final\u2019 w/o a PG, so at least you\u2019ll know what it\u2019s gonna take.\n\nDepending on your needs, be looking at incubator warehouse space or flex term space. Credit not as important and shorter terms offer greater flexibility.", "replies": [], "depth": 1}, {"id": "htb6hp6", "text": "Have your financials ready and prepared, as well as what your story is. Depending on how much the lease commitment will be (on both sides), I would expect LL to want a personal guarantee but that can be negotiated. Keep in mind that from LL\u2019s perspective, they care most about your ability to pay rent for the entire term and to not be left holding the bag.", "replies": [{"id": "htc05y3", "text": "Going off this, if you weren't comfortable signing a PG - I've negotiated a higher security deposit to substitute the PG. This depends on who the LL is (institutional LL vs mom &amp; pop LL) some owners can be more lenient than others. Just a thought...Goodluck with the search.", "replies": [], "depth": 2}], "depth": 1}, {"id": "htbiq31", "text": "How many square feet? If you\u2019re sub 5k and looking at flex, it may be easier than larger true distribution spaces. \n\nEntity docs, ownership org chart are also useful.", "replies": [], "depth": 1}]