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Choosing the right business premises: Key considerations and tips

Choosing the right business premises

Selecting the appropriate business premises is a pivotal decision that can significantly impact your company's operations, costs, and growth potential. 

Whether you're starting a new venture or expanding an existing one, Boost Scale to Thrive business adviser Joe Twigg outlines some essential factors to consider:

Space and layout

The size and layout of your premises should accommodate your current operations and allow for future expansion. Consider the internal and external aesthetics, as they can influence your business's image and appeal.

Facilities and comfort

Ensure that the premises provide adequate facilities for both employees and visitors. This includes amenities like lighting, bathrooms and kitchen areas, which contribute to a comfortable and productive work environment.

Utilities and permissions

Check the availability of essential utilities such as power, water, and drainage. Additionally, ensure that the premises have the necessary planning permissions for your business activities.

Access and parking

Convenient access and parking are critical for both customers and deliveries. Ensure that the location is accessible, including considerations for disabled access, an important consideration for compliance and customer service.

Flexibility and long-term plans

Choose a location that offers flexibility, allowing you to alter or expand the space as your business grows. Aligning your premises with your long-term business goals can help avoid costly relocations and disruptions.

The location of your premises can greatly influence your success. Think about these factors when you are deciding where to base your business:

  • Passing Trade: Essential for retail businesses, high footfall areas can increase visibility and sales.
  • Competitors: Proximity to competitors can be advantageous or challenging, depending on your business strategy.
  • Transport links: Good accessibility for employees, customers, and suppliers is crucial.
  • Local amenities: Proximity to essential services like banks, post offices, cafes and restaurants can enhance convenience for employees and customers.

By carefully evaluating these factors, you can make an informed decision that aligns with your business's operational needs, budget, and long-term goals. This strategic approach will help you secure a premises that supports sustainable growth and success.

About the author

Joe Twigg   Business AdviserWith over 12 years' experience of running a diverse business, Joe Twigg has developed a knowledge base across operations and sales, mergers, acquisitions and integrations, transformation and change projects and continuous improvement. 

As a Boost business adviser, Joe advises businesses on Boost's Scale to Thrive programme. He helps businesses recognise and remove obstacles that may stifle future growth and enjoys guiding businesses to help maximise their potential through unpicking what makes them special and understanding their challenges. 

If you’re looking to grow, scale or start your business, use Boost; Lancashire’s Business Growth Hub. We offer a range of funded business support services. Call our Business Support Helpdesk on 0800 488 0057 to find out more or complete our enquiry form.

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