Advice to companies to choose their commercial premises

Advice to companies on choosing their business premises

During the starting a business, 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 location 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 business premises

First and foremost, you must ensure the proper location of your store . To do this, start by making sure that the business you plan to start is appropriate for the type of neighborhood in which you will be operating. It is necessary to take into account the type of population and their lifestyle. In other words, you need to be sure that the type of activity will quickly blend in 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 goodwill in order to improve visibility to future customers. Indeed, when people pass by their usual shops, they will certainly notice your place and will want to have a look at it. However, be careful that the location is not too close to other businesses either.

This could be detrimental to the neighboring business. But above all, it must already have a loyal customer base that has been devoted to it for many years. Therefore, the best solution will be to find a location that will be frequented, but that will not be in the way and will not be too close to neighboring businesses.

Finally, the chosen location must be easily accessible to employees, suppliers and the public in general. For this, it is better if it is located near a means of public transport and has a large parking space.

Buying or renting commercial premises ?

As a business owner, you must be able to find the right strategy to adopt in this case on the choice of the premises. Should you become an owner or should you look for a commercial space to rent? ?

On the one hand, renting premises is the ideal alternative if you are the manager of a small company. 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 a more substantial space is needed to accommodate them. In short, it will be much easier for you to move your business.

Moreover, it will spare 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 a business is the best way to build up your assets. You will be free of all obligations and responsibilities related to the commercial lease such as regular rent increases or damages incurred in the event of the 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 commercial premises. You can buy it either through the company, in your personal name or through an SCI. In the first case, you will have the possibility to enhance it in case of eventual transfer. In addition, the premises will automatically be included in the company’s assets.

Not to mention the guarantees in case you encounter serious problems. In the second case, i.e. the purchase in your own name, the advantages will be of a personal nature since you will be able to replenish your personal assets and enrich yourself thanks to the rental. Finally, for the purchase via the SCI, it will allow to differentiate the company’s assets from other types of property.

And as owners of shares, you can be both owner and tenant of the premises.

Think about the good layout of the commercial 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 at the reserve and check that it will be able to accommodate and keep 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 checked. For example, if you plan to sell lighting fixtures or systems, a ceiling of significant height would be all the more practical for the installation of the light sources to be sold.

In addition, take into account the possible fitting out work to be done for the premises. It is better if the premises are still in very good condition and require little maintenance and renovation work. This would save you substantial additional maintenance and repair costs over the long term.

In addition, the exterior 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.

Choose a large window 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 you to have a good view on the interior.

Finally, don’t forget to decorate your store 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, don’t hesitate to add a little personal, chic and modern touch.

The good news is that there are many customization ideas available to you. It’s all a matter of taste and budget.