Emma Sturgis https://www.cjmlaw.com.au 2m 446 #retail
The views of this article are the perspective of the author and may not be reflective of Confessions of the Professions.
Are you looking to open a retail shop but don’t know where to begin with finding the perfect commercial space? Don’t worry, we have you covered. Here are some tips on how to find the right storefront for your business.
Do Your Research
Before you start searching for physical locations, do your research. Consider what type of location and neighborhood would be ideal for your business, and what type of customers you want to attract. Knowing this will help narrow down your search and make it easier to find that perfect spot.
Check Out Local Listings and Signage
Once you have an idea of where you want to look, get out there and explore! Check out local listings and signage in neighborhoods that match the criteria that you identified during your research. This is a great way to get a feel for the area and can help narrow down the list even further by providing more information about each potential location.
Look at Online Listings
Online listings are also a great way to find potential storefronts. Sites like Craigslist, LoopNet, Zillow, etc., allow you to browse through hundreds of listings in just minutes! You can filter them according to size, price, location, amenities—you name it! This gives you more control over your search process so that you can find exactly what you need without wasting time looking at unsuitable options.
Read the Lease Carefully
Once you have narrowed down your options, it is important to read the lease carefully before signing anything. Make sure that all of the terms are clear and that they meet your needs. Additionally, ask questions if there is something you don’t understand—better to be safe than sorry. Get yourself familiar with typical commercial leases so you know what to look for.
Be Ready to Negotiate
Finally, be ready to negotiate with landlords. It never hurts to try and get a better deal or special stipulations included in the agreement. You may even be able to lower fees or include additional amenities (such as signage) at no extra cost. Do not be afraid to talk with landlords and make your case for why you are the perfect tenant for their space.
Finding the perfect commercial space for your retail shop doesn’t have to be a daunting task. By doing some research upfront about what type of area or customers would be ideal for your business and utilizing online listings or local signage, you can quickly narrow down your search and find a space that fits all your needs. With these tips in mind, finding the perfect spot for your new retail shop should be relatively painless!