Whether you’re a budding entrepreneur or established business owner, there may come a time when you need to acquire a new location for your company. Depending on the type of company you are running, your business location will need to meet certain needs.
For instance, does the building have adequate storage space for stock? Is it customer-friendly? Another factor you must consider is the location you are in, and here’s why;
If the building you are looking at is isolated, then it could be exposed to criminal activity. Criminals are less likely to operate in areas where security is tight, police are nearby and there is always a lot of activity.
If you plan to hold valuable stock and equipment on the premises, then this is certainly something that is worth taking into account. You may want to negotiate new safety features, like upgraded security cameras, into your lease.
How accessible are the premises? Is there a highway nearby? Are there public transport links for your workers who do not drive? For your business to remain successful, you need to ensure that people, both customers and staff can get there without issue.
You should also think about whether there are adequate parking spaces on-site. Customers may be put off by having to park somewhere that is not within a short walking distance.
Acquiring a commercial property can be a significant expense, but if you consider the factors above, it can be a profitable investment. If you have any questions about the law regarding commercial real estate, it may benefit you to reach out to someone with relevant experience.