|Published:||Oct 05, 2010 3:48 AM EDT|
|Updated:||Oct 05, 2010 12:48 AM EDT|
LEHIGH ACRES, Fla. - The foreclosure crisis hasn't only hit homeowners in Southwest Florida; businesses are also feeling its effects.
A hair salon in Lehigh Acres has been forced to relocate not once, but twice because their shopping plazas were foreclosed on.
Elsa Cora's "Fresh Cuts Hair Salon" started as her mother's dream in 2008, but the reality of a bad economy made owning a small business a nightmare.
"The struggle is more than we thought it was going to be," Cora said.
Cora says the salon's first location off Lee Blvd. never even got off the ground, after the plaza they picked went into foreclosure.
They tracked down another plaza off Colonial Boulevard in Fort Myers, only to face the same result a few months later.
"We established our business there, later I found out it went into foreclosure."
While some signs remain, Cora says lease terms under the building's new owner didn't work to stay. Unwilling to completely quit, she moved the business again.
"If we all stop and think what the risks are, would we really take them. Sometimes you just have to put the risks aside and just go for it."
Many of her clients and employees didn't follow the salon to Lehigh Acres. Cora's mother even stepped aside as a co-owner, though she works for the salon as a stylist.
Cora is confident the American dream is still out there.
"The drive keeps me going. I want this to work. I want to show her it can be done, we shouldn't give up."
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