5 top tips for choosing the right business premises

As your business expands, finding the right premises becomes crucial. The ideal space can enhance productivity, impress clients, and provide room for future growth. Here are five key considerations to guide your decision:

1. Evaluate your current space

Begin by assessing your existing premises. Is the area overcrowded? Are storage solutions adequate? Can the space accommodate future hires? Understanding these factors will help determine if a move or reconfiguration is necessary. 

2. Define your requirements

Clearly outline what you need from a new space. Consider location, size, budget, and facilities. Think about proximity to clients, suppliers, and transport links. Also, factor in amenities like parking, meeting rooms, and accessibility features. 

Read our article on harnessing the purple pound to understand the business benefits of being accessible to disables customers.

3. Consider future growth

Choose premises that not only meet current needs but also allow for expansion. Flexible lease terms or spaces with room to grow can save time and costs in the long run.

4. Understand the costs

Beyond rent, account for additional expenses such as utilities, maintenance, insurance, and business rates. Ensure these align with your budget to avoid financial strain.

If your move will require external financing, understand the types of funding available, or get free support to become investment-ready with our free programme for scaling businesses.

5. Seek professional advice

Consult with property experts, legal advisors, and financial planners. They can provide insights into lease agreements, zoning regulations, and potential incentives or grants available for businesses in certain areas. Contact us to get free guidance from a Business Adviser on who to speak to.

Making an informed decision about your business premises is vital for sustainable growth. For further support with your business expansion, contact us today. You may be eligible for grants and support programmes that will help you achieve your business ambitions.