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Choosing the Right Location for Your Retail Business

Location, location, location. Now that you’ve chosen Worthington for business, it’s time to look at available storefronts or land for retail development. ENTREPRENEUR magazine suggests these questions to help you decide on the best retail location.

  1. Is the facility located in an area zoned for your type of business?

  2. Is the facility large enough for your business? Does it offer room for all the retail, office, storage or workroom space you need?

  3. Does it meet your layout requirements?

  4. Does the building need any repairs?

  5. Do the existing utilities – lighting, heating and cooling – meet your needs or will you have to do any rewriting or plumbing work? Is ventilation adequate?

  6. Are the lease terms and rent favorable?

  7. Is the location convenient to where you live?

  8. Can you find a number of qualified employees in the area in which the facility is located?

  9. Do people you want for customers live nearby?

  10. Is the facility consistent with the image you’d like to maintain?

  11. Is the facility located in a safe neighborhood with low crime rates?

  12. Is exterior lighting in the area adequate to attract evening shoppers and make them feel safe?

  13. Are neighboring businesses likely to attract customers who will also patronize your business?

  14. Are there any competitors located close to the facility?

  15. Is the facility easily accessible to your potential customers?

  16. Is parking space adequate and available?

  17. Is the area served by public transportation?

  18. Can suppliers make deliveries conveniently at this location?

(Source: www.entrepreneur.com)

 

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