4 Things to Know Before Relocating Your Business
Relocating your business can be a big change, but it can also be an exciting chance to set yourself up for future growth and success. Before you start searching, make sure you’ve considered these factors.
Choosing the right location for your business can improve your brand visibility, boost staff satisfaction, and help your business grow. Alternately, the wrong location can restrict your operations and place unnecessary pressure on your budget.
Here’s what you should think about:
Budget
The most important factor is your budget. Make sure the property you’re considering fits comfortably within your business’s financial plan. Think beyond rent and factor in outgoings, fit-out costs, and operational expenses. Also consider whether leasing is the best option for you, or if owning and occupying might be a more viable long-term solution.
Location
Your new location needs to work for your business. Will it be convenient and accessible for both clients and staff? Will it improve your visibility and brand presence? These questions are crucial in determining whether a potential site is the right fit.
Infrastructure
Access to quality infrastructure and amenities is a must in today’s workplace. Consider proximity to public transport, parking, and surrounding services like cafés, gyms, or childcare. These not only benefit your staff but can also attract more clients and customers from the area.
Size
Finally, make sure the space isn’t just right for your business today but will also support future growth. Ask yourself, “Will this space still suit us in five years?”
A well-planned relocation can set your business up for success, but it requires careful thought and forward planning.
If you’re thinking about relocating your business, Civium has the most diverse range of leasing options in the ACT.
