Find the perfect business space: 5 points to consider

Finding the right area can be one of the most difficult tasks for any entrepreneur or entrepreneur. But with a little planning and preparation you can do a lot of stress research. Read on for five things to consider when choosing your business premises.

Size is important

When you consider the size of your premises, it is usually best to start small. Try to find a job that suits your needs at the moment, but it gives you the opportunity to grow as your business grows over the next few years. This is best when choosing larger pieces that can be heavy and expensive at the moment. One option that needs to be considered is a common office area. An increasingly popular option for business owners and small businesses could make you rent a space designed specifically for sharing or negotiating with another small business to share the cost of a property. Renting a hot-desk is another great option when you start. There are many hot desks in Ireland, including AIB-backed Skibbereen Ludgate Hub and Galway PorterShed.

Place, place, place

The location of your business is important for a variety of reasons and can vary widely depending on the type of business. For example, if you are a retail store, you need a location that is frequented by many customers. But if you are not customer focused, then you can find your business in a quieter and less expensive area. You also have to consider your employees. An area with too much or too little traffic will have difficulty finding and retaining employees, which could have a long-term impact on your company’s growth potential. Finally, the photo raises another problem. Think about how the environment will affect your appeal to customers, customers and potential investors.

Count the costs

Undoubtedly, the financial cost is the main concern when selecting your premises. First, you have to decide if you rent or buy. Renting is an attractive option when you start because it does not require a lot of initial work. However, if you want to stay in one place for a while, renting out in the long run may not be the best option. And do not forget that your rent or mortgage is not the only expense associated with the property; You also have to consider your various overheads, including stamp duty, insurance, security and utilities. Before concluding a rental agreement, you are completely satisfied with the general terms and conditions offered – including the duration of the rental agreement, the legal rights and the existence of a termination clause.

Legal obligations

Before you carry out a real estate transaction, you must consider your legal obligations. This may include obtaining a building permit so that the premises can be used for your type of business and to ensure that your building or office complies with health and safety regulations and fire safety regulations. , If your business is open to the public, you must also take action to make your facilities accessible to people with disabilities. You must also be aware of noise limits – in some areas, deliveries or production activities can only take place between specific times – and plan for proper disposal.

start search

If you have selected the properties of your ideal property or your ideal property, it may be useful to create a list that clearly describes your needs. When you write this specification document, you make a distinction between “need-to-haves” and “nice-to-haves,” which gives you some flexibility in your search. You can then provide the information sheet to a real estate agent acting on your behalf so that he can provide you with a list of properties that meet your needs. Also contact the local council or works council. In some areas, grants or incentive schemes may be available that you can use.

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