How to Pick the Right Location for Your Commercial Building

When analyzing the potential success of your business, there are so many factors to take into consideration—such as the actual placement of your building. The location of your commercial building will have an immense impact on the performance of your business; making or breaking your revenue goals. Amicon Construction is here to help you pick the right location for your commercial business.

Convinence

Proximity to others should be a key component when determining where to build your business’ location. A convenient location will be advantageous to suppliers, buyers, and employees, alike. Having a location close to customers can ensure frequent traffic toward your business. Along with happy customers, you want to be close to employees and suppliers. Accessibility to labor and other necessary resources are important to the success of your business.

Pricing

Choosing the right location can be challenging depending upon your budget. When searching for the right location, consider all finances. This includes taxes, fees for infrastructure, and any type of recurring payment. Understand that different cities and counties have varying property and local taxes. Search for a location that fits all of your desired criteria involving associated costs. This may require separating needs from wants, and doing what is financially best for your business.

Locate the Competetion

If you plan on placing your commercial building in a high traffic zone, you may want to locate any existing competition in the surrounding area first. Depending on what kind of business you are running, competition can be a good or bad thing.

Some companies may want to place their location near competitors for reasons such as comparison shopping. On the other hand, competition may deter your potential sales and profitability. Plan to structure a competitor analysis before finalizing your business’ prospective location.

Consider the Needs of the Business

All of your business needs must be taken into consideration in order to determine where you will place your commercial building. How much space do you need in your company building? How many parking spaces should be provided for employees and clients? Whether you are planning an office space, retail space, or resturant, these are essential questions to ask.

Each type of business will have different business needs that need to be met—from revenue to customer satisfaction, to employee retention rates.

Amicon Has Your Best Interest in Mind

Choosing the location for your business is a big step toward the journey of success. We understand your wants and needs in regards to construction and building your ideal commercial building.

Amicon is an industry-leading contracting and construction management firm that will bring your vision to reality. Contact us online or call us at 305-573-8030.

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