Empowering Small Businesses: Lease to Own
In today’s competitive landscape, it’s not uncommon to hear stories of local businesses being forced to close their doors due to larger, more powerful entities. This narrative struck a chord with Kevin Song, founder of Withco, whose own family experienced the harsh reality of losing their business and home. Determined to prevent others from facing a similar fate, Song embarked on a mission to empower small business owners through his lease-to-own commercial property company.
Withco’s model is simple yet impactful. By becoming the landlord for small businesses, Withco allows owners to gradually build equity in their properties through a structured lease agreement. A portion of the rent is allocated towards a future down payment, ultimately enabling tenants to purchase the building at a predetermined price after five years. This innovative approach not only fosters ownership but also transforms business owners into commercial real estate investors.
The journey with Withco begins with identifying businesses in need of stable space or looking to expand. From there, Withco assists in navigating the path to ownership, offering flexibility and transparency throughout the process. By providing a clear roadmap and financial support, Withco empowers entrepreneurs to secure their future and create generational wealth.
Beyond individual success stories, Withco aims to revolutionize the mom-and-pop commercial real estate market. By bringing sophistication and institutional-grade processes to the table, Withco elevates the industry while ensuring a win-win scenario for all stakeholders involved. Through strategic partnerships and rapid transaction processes, Withco streamlines the path to ownership, unlocking opportunities for both businesses and communities.
With a vision fueled by passion and a commitment to empowerment, Withco has garnered support from venture capital firms and celebrity investors alike. Backed by significant funding, Withco is poised to expand its reach and impact, one small business at a time.
At its core, Withco embodies the belief that small business owners are the best stewards of their properties and communities. By enabling ownership and fostering pride in ownership, Withco not only secures the future of businesses but also cultivates a legacy of success and resilience.
In the words of Kevin Song, “It’s not just about generating cash flow for my business; it’s about the value I’m creating by having more control over my business’s future and therefore building generational wealth for my family or creating a legacy in my community.” Withco is more than a company; it’s a beacon of hope for small businesses everywhere, guiding them towards a brighter and more prosperous future.
