Now that you've come up with a list of promising communities for your business, it's time to find out what is available. Using the right real estate agent - someone you can trust and who really knows the market - will be a big help, as will your own common sense and attention to detail. A solid accounting model will help to narrow your choices effectively - shopping malls can provide a visible profile and lots of foot traffic, but will the higher rent fit into your budget? When the time comes, a lawyer can advise you on negotiating the lease to make sure you're getting the most favorable terms.
There are many factors to consider regarding each available location, and much will depend on the specific nature of your business.
Here are some important general questions to keep in mind:
- Is the area zoned for the type business you want to open?
- Will you be able to establish a good working relationship with the landlord?
- Is the neighborhood safe?
- Is the facility itself in good condition? Will repair work be necessary?
- Does the facility have the right layout? If you need to expand, will you be able to?
- Will there be enough parking for your customers? Is public transportation nearby?
- Are there any local business organizations that will help with marketing?
A lot of hard work and careful consideration goes into finding the right location for your small business, and it may be tempting to devote your energy to more creative tasks like developing a logo or fine-tuning your product selection. Keep in mind, though, that none of those details will matter if your customers can't find you or your rent is more than you can afford. Put in the time and the effort now to find the best location and give your business the strong start it deserves.
For more information on business locations, check out entrepreneur.com and morebusiness.com.
Source : http://www.nydailynews.com/news/money/step-by-step-guide-finding-location-business-article-1.372087