Your New Business Location
Business location is a crucial aspect of a successful business. You need to consider it very carefully before entering into a lease agreement. For instance, you need to understand the importance of parking for your customers, as well as public transport. For your business you need to ensure that the foot fall is promising for your type of business. You need to check all amenities of the property. This could include easy access for people with limited mobility who will use your new facilities as staff members or customers.
You will likely have specific criteria for your business location. For instance, if your business is a cafe or restaurant, you will need to consider reasonable access for your customers as well as staff. You are wise to keep wheel chair access at the top of your list. Public transport is another priority, even more important than parking, but if at all possible, include parking in your business location criteria. Consider also delivery restrictions. Your suppliers will need to be able to deliver goods.
Ask yourself what you need from your business. What standards do you want to promote, which will reflect your own standards and also your brand. Check the area and see if other businesses complement your own. A high market restaurant wouldn’t attract customers who keep away from low budget commerce areas. Think about what your customers like to see and which areas they’re likely to visit.
Get specialist local knowledge and do as much research as possible about the area. Check both in geographic terms as well as the community of the area. What are the residents like? Will they appreciate a business like yours? Will they need your product? What are the business rates like in the area? And are rents especially high? All of this will seriously impact on your business even before you begin to trade. If your business is small, you might be eligible for small business rates rebate. A commercial leasing solicitor can advice you on this. Please call one of our commercial leasing solicitors for an informal discussion. SG
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