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Sunday, April 6, 2014

Business perfect location: Points to consider

Some questions to consider and study in choosing business locations,

  1. Is the facility located in an area zoned for your type of business?
  2. Is the facility large enough for your business? Does it offer room for all the retail, office, storage or workroom space you need?
  3. Does it meet your layout requirements?
  4. Does the building need any repairs?
  5. Do the existing utilities-lighting, heating and cooling-meet your needs, or will you have to do any rewiring or plumbing work? Is ventilation adequate?
  6. Are the lease terms and rent favorable?
  7. Is the location convenient to where you live?
  8. Can you find a number of qualified employees in the area in which the facility is located?
  9. Do people you want for customers live nearby? Is the population density of the area sufficient for your sales need?
  10. Is the trade area heavily dependent on seasonal business?
  11. If you choose a location that's relatively remote from your customer base, will you be able to afford the higher advertising expenses?
  12. Is the facility consistent with the image you'd like to maintain?
  13. Is the facility located in a safe neighborhood with a low crime rate?
  14. Is exterior lighting in the area adequate to attract evening shoppers and make them feel safe?
  15. Will crime insurance be prohibitively expensive?
  16. Are neighboring businesses likely to attract customers who will also patronize your business?
  17. Are there any competitors located close to the facility? If so, can you compete with them successfully?
  18. Is the facility easily accessible to your potential customers?
  19. Is parking space available and adequate?
  20. Is the area served by public transportation?
  21. Can suppliers make deliveries conveniently at this location?
  22. If your business expands in the future, will the facility be able to accommodate this growth?

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