How to Find the Perfect Location for Your Business

September 09, 2019 Blog

Suggestions from the Team at the Business Insurance Center

Setting up the first or additional locations for your business takes careful consideration and planning. When you are in the middle of caring for customers, overseeing production, and managing employees, it might be easy to sign a lease on the first place that looks good. Avoid making a costly mistake by taking your time to research and view different properties.

When you find the ideal spot, contact your helpful broker at the Business Insurance Center to obtain a commercial property insurance policy. We will sit down and discuss the options that best suit your needs and your new location. We can even review your existing policies and offer a tailored plan to fill in any gaps.

6 Tips to Find Your Next Business Location

One of the first thoughts that may come to mind is “location, location, location!” While that is true, there are other factors to consider, such as:

  1. What kind of space do you need? Are you a graphic designer? If so, a home office may be suitable. Are you a manufacturer of wheels? Then you probably need a large building in a commercial space.
  2. How accessible will it be for customers and employees? If your shop has little space for parking, then your customers may feel disscussed from coming to your location. Additionally, finding good employees may be hard if they have to pay for parking or have to walk a few blocks in inclement weather.
  3. Will it be an attractive place for future investors or buyers? Take a moment to think big. If you plan on building your business with the possibility of selling it, then you want to consider if the location will be attractive to a buyer.
  4. Can you afford this area? Think about the rent. Is it so high that you will have to raise your prices to break even? Are the taxes also high in this area?
  5. What type of zoning is it situated in? Many cities have strict zoning ordinances. You will want to make sure your enterprise falls within the requirements before you sign a lease.
  6. Are there anchor stores that will draw in traffic? Finding a place near an established, complementary business can mean foot traffic overflowing to your business.

After you have found the perfect spot, ensure all your bases are covered with the correct insurance policies, such as general liability, commercial property, and workers compensation.

Protect Your New Location with Commercial Property Insurance

Grow your business with peace of mind when you seek out professional assistance from the team at Business Insurance Center. Our experienced brokers can prepare a commercial property quote to protect your buildings, signs, equipment, computers, and inventory. For more than 30 years, we have served small business owners with their commercial insurance needs. Give us a call today!

Request a quote online or call (888)-585-0511 and speak with a knowledgeable and experienced broker at the Business Insurance Center. We have a 24/7 call center to serve you and an online Live Chat operator. We serve the entire United States.

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