Advice to companies to choose their commercial premises
During the creation of a company, the question of the commercial premises inevitably arises. To this end, several elements must be taken into consideration in order not to make a mistake in the choice of the premises and risk compromising the launch of the professional project. To guide you, here are the essential criteria for choosing a commercial space.
Choose the ideal location for your commercial space
First and foremost, you must ensure the proper location of your store . To do this, start by making sure that the planned activity is in line with the type of neighborhood where the premises will be located. It is necessary to take into account the type of population as well as their way of life. In short, you need to be sure that the type of business will quickly blend into the background and attract customers.
Next, you need to evaluate the competition and study the proximity to other commercial activities. The golden rule is to position yourself close to the business in order to improve the visibility to future customers. Indeed, when passing by their usual business, people will certainly notice your premises which will make them want to take a look at it.
That said, be careful that the location is not too close to other people’s locations either. This could be detrimental to the neighboring business. But above all, the latter must already have a loyal customer who has been devoted to it for many years.
Thus, the best solution will be to find a frequented location, but which will not disturb and will not be too close to the neighboring businesses.
Finally, the chosen location should be easily accessible to employees, suppliers and the public in particular. For this, it is best if it is located near public transportation and has ample parking space.
Buy or rent a commercial space ?
As a company manager, you must be able to find the right strategy to adopt in this case on the choice of the premises. Should you become a landlord or should you look for a commercial space to rent? ?
On the one hand, leasing is the ideal alternative if you are the manager of a small business. In this way, you will be able to enjoy greater freedom and change your premises as you wish, which is essential in the context of the development of the company where the number of employees is increasing and more space is needed to accommodate them. In short, it will be much easier for you to move your business. Moreover, this will save you the formalities related to the transfer which are not at all a small matter.
Not to mention the tax benefits that will result, because of course, you will be able to deduct all the rents paid in order to minimize the tax rate.
On the other hand, you should know that buying is the best way to build up an estate. You will be free of all obligations and responsibilities related to the commercial lease such as the regular increase of the rent or the damage suffered in case of sale of the premises. Nevertheless, this requires a considerable budget that young companies do not necessarily have. Note that there are three options for acquiring a commercial space.
You can buy it either through the company, or in your personal name or through an SCI. In the first case, you will have the possibility to enhance the value of the property in case of eventual transfer. In addition, the premises will automatically be included in the company’s assets. And don’t forget about the guarantees in case you have serious problems. In the second case, i.e. the purchase in your own name, the advantages will be personal since you will be able to replenish your personal assets and get richer thanks to the rental.
Finally, for the purchase via the SCI, it will allow to differentiate the patrimony of the company from the other types of goods. And as owners of shares, you can be both owner and tenant of the premises at the same time.
Think about the layout of the business premises
Another equally important point: the layout of the business premises. In general, you must study the configuration and the surface of the premises to make sure that it is adapted to the type of activity envisaged. Also, take a look around the store and check that it will be able to accommodate and store all the goods for sale.
The height of the ceiling, the shape and the size of the premises are also key factors that should be carefully controlled. For example, if you plan to sell lighting fixtures or systems, a high ceiling would be more practical for the placement of the light sources for sale. In addition, take into account the possible work to be done on the premises. It is best if the store is still in very good condition and requires little maintenance and renovation.
It would save you substantial additional costs in maintenance and repair over the long term.
In addition, the external appearance of the business premises is very important. It can also have a direct impact on the image of your company and therefore on the turnover. This is why it is important not to neglect the decorative aspect of your storefront. It is best to have a large window display that will make customers want to visit the interior of the store.
But above all, think about a model of corner window which will bring cachet to your premises and will allow at the same time to have a good angle of view on its interior.
Finally, don’t forget to decorate your store properly in order to make it more attractive to passengers. As it is often the first impression that counts, the decoration must be neat, uncluttered and reflect your personality. In this context, do not hesitate to add a small personal touch, chic and modern.
The good news is that there are many customization ideas available to you. It is only a matter of taste and budget.