Choosing the right commercial property isn’t simply a matter of it ticking the right boxes for your current position. You must also allow room for your business to grow.
So what is the answer?
The first thing you need to do is make a realistic assessment of where your business is today. How many people do you employ? How many visitors attend your premises in each week? How much equipment do you use in the day-to-day running of your company? Whether you run an office, a warehouse, a shopfront, or a workshop, you need to know how big you are and how that translates to square footage.
Now it’s time to take a good hard look at your business plan – particularly your projections for the next five years. Again, you want to provide a figure for that business in terms of floorspace. This is your mid-term goal – one that is likely to be substantially bigger (and more expensive) than the location you’re in now.
Nobody expects you to jump straight to your ideal premises of five years’ time. You’d be left with a building that was only half-used and which you almost certainly couldn’t afford. Likewise, staying in the same property you are in at the moment is ludicrous. There’s nowhere to add new staff, stock, or equipment. The solution is simple: choose a property that falls halfway between the two. You get double the benefits and half the problems. For a time, whilst you’re recruiting, you have more room to play with, but not so much that you regret the decision. You have a comfortable work environment, but still with plenty of room for growth.
In today’s digital world, much of our business is conducted online. Therefore, it is less important than ever where you hang your corporate hat. Changing locations every two or three years to allow for natural and sustained growth is a smart business decision. This is what makes leasing a commercial property such a shrewd decision for an up-and-coming business. That flexibility and versatility promotes growth and expansion.
Here at Centaur Properties, we have several commercial and industrial properties available that can assist with the growth of any-sized business. Get in touch with us today on 0151 525 5569 to discuss the latest availabilities, or to arrange a viewing.