It isn’t uncommon for many businesses to get their start in the comfort of someone’s home. In fact, some of the world’s biggest companies, like Amazon and Google, started out of a garage. However, like all successful businesses, growth is inevitable.
If you are a small business owner or entrepreneur (whichever hat you choose to wear), doing your homework is essential in finding the right property for you. For instance, expect the unexpected, especially when it comes to budgeting. Leave room for costs related to new signage, equipment, legal fees, employees, and so on.
Nevertheless, while finances are important, you want to be able to communicate on the same level as your commercial realtor. After all, the space and location will have an enormous effect on your new business. Knowing commercial real estate terms and lingo is one thing, but knowing which questions to ask of your realtor and potentional landlord can be the difference between being a happy tenant and an unhappy one.
Get the answers to the following questions to better help you decide on the best space and location for your business.
Some of those questions can be:
- Does the building need any repairs?
- Is the facility consistent with the image you’d like to maintain?
- Does it meet your layout requirements?
And the questions continue!