Busy street corner? High traffic counts? Lighted intersection? AM or PM side? …or do you have a destination business that can thrive virtually anywhere? Everything matters when you are trying to make your business accessible to your customers.

Too expensive and your Profit & Loss statements may look terrible. Too cheap and you may end up with a dud property. Balancing cost is imperative to making your business model work.

How long do you need your new space? Do you want to reduce the risk of a long-term commitment? Can you afford to relocate in the future? Do you need stability and protection against rising costs in the future? Getting your time commitment right can help avoid future risk.

Who are your ideal neighbors that enhance your business prospects? Who are your competitors that can diminish or eat into your sales? Choose your neighbors wisely.

Can I reuse an existing space? Will a landlord offer substantial Tenant Improvement Allowances to offset build out costs? Is the permitting or construction process difficult which could potentially delay opening and the start of business revenue? Construction costs add to your full life cycle costs and impact the viability of your business.

Will a potential space support my operational needs or drive excess operational costs? Will an ideal space help reduce other cost areas to include labor, material, or storage? Space acquisition can be a first step in long-term business operations.