If you have been growing your business for several years from home, now may be the time to start looking for a business premises. This is a major decision for most entrepreneurs, as it can often have a detrimental impact on the business’ overall success.
Choosing a premises may seem like an easy task initially, however, there are many points that you need to consider in order to avoid making a wrong decision. It’s important to think of the long term when choosing the most suitable business premises so that you don’t have to relocate in the near future.
In this guide, we’re going to have a look at some of the best tips on how to find the best premises for your business.
1. Location
If you rely on customers and clients physically visiting your premises, you need to think carefully about the location. Depending on the nature of your business, you may rely greatly on passing traffic, which is where a town centre location may be the most beneficial option for you. If, however, you are selling products predominantly online, you may find it more advantageous to be located next to motorways for delivery purposes. It would also be highly advisable to research whether there are any competitors located nearby, as this could affect your business’ performance.
2. Appearance
Appearance isn’t everything, but if you’re hoping to directly attract customers and clients to visit your premises, you need it to be visually appealing. Think about the kind of impression you wish to give to your visitors, and this may help you narrow down the search of properties on the market.
3. Space for expansion
If you’re hoping to expand your business in the near future, it would be in your best interests to find a property that has plenty of land for building. However, before making any long-term plans, you’ll need to find out if there are any planning restrictions in place, as this may affect how you’re allowed to use and develop the premises.
If restrictions are flexible, you may wish to expand by adding extra office space, workshops or even warehouses in which to store equipment and products. This doesn’t have to be costly – you can think about adding bespoke steel industrial buildings onto your premises, which are custom-made to suit your requirements and can withstand rust for approximately 25 years.
4. Budget
One of the most obvious points to consider when choosing a business premises is having a budget and sticking to it. It would be disastrous if you chose somewhere that works well but leaves you cash-strapped before you have even started on your new venture. There may be occasions when you’ll have to negotiate on the price to ensure you get the premises you’re hoping for, so always make sure you have a final figure in mind that you’re willing to pay before you make any decisions. In doing so, you will cut out a lot of time and effort spent searching for your ideal premises.
