A process like choosing a place for rent may take a lot of time to find the appropriate choice for ensuring a
smooth and trouble-free choosing place rent, it is important to agree on the details with the tenant from the
start, and not to be deceived by outward appearances and first impressions of the future tenant. In this article,
we will tell you what you should focus on well while choosing a location for your project
7 factors to check an place for rent
Nature of the project
The nature of the work, the product you provide, the category you target, the space that the project needs to
be implemented in a way that allows the presentation of the product or service provided, and if they are consumer products, the nature of the sales process, whether wholesale (wholesale stores need larger spaces) or by piece
also enters into a factor in choosing a place for rent for your project.
Demography
Choosing a place for rent is often important to retail stores such as clothing, food, etc. The complexity of demographics about these activities lies in the community or region from which you want to win your customers, choosing the price and quality of the product depends on the social and economic segment of the region in
which you want to start your business The heart of the city is not like the hinterland.
Daily movement on the site
When choosing a place for rent location, regardless of whether it is in the city center or outside, ensure that
it is in an area that is frequented by people and has a large daily movement, such as being near a vital facility
or transportation.
Ease of access
Bear in mind how easy it is to reach your premises for all potential groups – customers, employees, and suppliers. Small shipping companies need to get in and out of the place where the goods are delivered quickly; Businesses transporting large trucks need sufficient roads to pass.
If you’re on a busy street, how easy is it to get in and out of cars and have a car park or not? Do the place and
the roads leading to it contain special corridors for persons with disabilities?
7 factors to check an place for rent
Competition
While studying the market and the potential competition, you should pay attention to the places where the
major competitors are located. The competition of a partner that has already existed and has been famous
for years makes the task of emerging projects more difficult and increases the risk of failure unless you are providing a service or product that other competitors do not offer.
Previous experiences
It is not wise to go and open a new restaurant in a place where 5 other restaurants have failed. Ask about
the history of the area and whether the location and surrounding facilities helped previous projects succeed
or where it was a negative factor that led to the failure of previous merchants.
Facilities and cost
The rental cost occupies a large part of the project expenses; so consider not only the budget available at
the time of start but how you can save rent without debt, bearing in mind that the project does not cover
its cost at the beginning.
In addition, the cost of insurance, the guard system, bills, and utilities, so waiting, in the beginning, facilitates
the task of the project owner and makes him freer to develop it instead of entering into problems that you
could have avoided at the beginning.
All this and more you will find in Makanak, what are you waiting for? Contact us now!
Read more: How to choose an office for rent?
