Thursday, August 28, 2014

3 Tips: How to find the correct and ideal location for your business

Congratulations, you have made the right decision!

If you are currently looking for the ideal location for your business, you will know that this is a huge decision to make.  Not knowing where to start or which criteria to look out for, may result in business failure. 

Here are 3 important things to consider :

1. The current tenant mix
  • Ask about the current tenant mix in the building you are considering. 
  • Will this mix provide some complementary feet to your business?   
2. Franchises
  • If your business is not part of a franchise then you may want to associate yourself with well-known franchises. 
  • These franchises generally generate feet to the shopping centre from which you will most definitely benefit as a tenant.  
  • It will be highly beneficial for your business if you can rent business premises between two well- known franchises.
3. Retail/office combination
  • Many shopping centres have retail shops on the ground floor and offices on the second floor. 
  • This is a very good combination should you require exposure and accessibility since shopping centres are normally accessible. 
  • The retail/office combination is extremely effective and business can be generated from the feet generated through the retail area.
  • A much more affordable option can generally be found just outside the central business district. You will be able to rent commercial property at a fraction of the price which will most definitely show on your

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