Moving to a new business location often results in loss of productivity and huge chaos. It’s actually even worse than relocating the entire household! If you just purchased a new commercial space and are currently preparing to move, here are some of the things you need to remember.
1. Be proactive.
If it’s time to move, it’s time to move. Waiting too long can eventually lead to a high staff turnover rate, declining customer service, and production mistakes. Don’t wait until your inventory’s piled up in conference rooms! Think proactively about the new commercial property that you want. See to it that the new space you are about to acquire matches your business’ growth plans and present needs.
2. Stick to a budget.
How much are you willing to spend on your new commercial real estate needs? This is one of the most important factors you need to contemplate in taking this huge step. Whether you are buying or leasing a new manufacturing facility or office space, a part of your budget must also cover additional costs beyond the building purchase price and base rent. Prepare an ample amount for moving costs, utilities, maintenance, and insurance.
3. Should you buy or lease a new commercial property?!
Which option will work best for your business and budget? You may want to decide on this before you begin looking for new locations. If you are a new business owner operating on a small working capital or a fast-growing venture with uncertain future office needs, renting is possibly the best option for now. Purchasing, on the other hand, is a better choice for established businesses with bigger capital, and those requiring huge renovations.
4. Research on the best business locations!
Let your budget and nature of your business define the most appropriate business locations. Will this new area be accessible to your suppliers and clients? Are there available parking spaces? Have you addressed zoning issues? Will this new facility or office space give you ample room for growth? Seek your staff’s advice and input on this matter. Visit potential sites with them, and listen to their views.
5. Negotiate.
Negotiate well to get a favorable purchase or lease agreement for a new commercial real estate property. This task is going to be hard for a newbie entrepreneur, so as much as possible, surround yourself with seasoned real estate advisors. Don’t just sign the landlord’s documents. Thoroughly review incidental responsibilities like property taxes, utilities, and maintenance and insurance matters. This also goes with commercial real estate purchases, from environmental and building condition assessments to reviewing vendor documents and requesting title searches.
6. Hire experienced interstate movers.
So you decided to move your business to another state? Las Vegas, perhaps? To make the move smooth-sailing, you need to hire one of the most trusted cross-country movers. This will allow you to relax a bit while overseeing them handle the difficult aspects of an interstate move.
7. Come up with a timeline for renovation.
Create a timeline for the entire transition. Include the time required for moving assets, renovations, buying new equipment, setting up the internet, marketing your new location, and more. Who will be responsible for every task? This process becomes even more complex if you are gearing towards renovating an unconventional workspace (for example a warehouse-to-office conversion project).
8. Get to know your new city!
You can’t just move your business to a new city and work without getting to know your new home. Get to know the entire neighborhood. In addition to that, tour different properties so you can have a better understanding of the area’s market value.
Want to move your business to Las Vegas?
Moving a business to the entertainment capital of the world is a dream for many entrepreneurs. There is no doubt that Las Vegas is an amazing city that offers a fruitful future for many types of businesses.
If you are interested in leasing any properties in Las Vegas Nevada you can reach out to Lovely LaGuerre today at 702-767-2709 or email Lovely@Lovelysellsvegas.com to make an appointment.