How to chose a location for a business

What factors should I know about when choosing a site for my business?

There’s a tried-and-true adage that floats around in the field of commercial real estate: location is everything. It sounds simple, but choosing the right site for your business is anything but.

Choosing the right type of real estate for your business depends on a variety of factors:

LOCATION

Consider accessibility, visibility, and the surrounding neighbourhood. Accessibility doesn’t just mean that the building adheres to accessibility standards. Depending on the concept, think about how you will personally approach the location. For example, if you anticipate working on-site often, is the distance to travel and commute time convenient for you?

Of course, a prime location is difficult to determine these days. Following COVID-19, it’s a landlord’s market out there, with Alberta and Ontario considered the toughest markets. Salespeople used to generate additional interest by telling prospective landowners that they have other clients looking at the same property, when in reality, there was no one else. Today, however, there are likely three other franchisees vying for the same site as you. If you would like to read the entire article written by our associate Joel Friedman for Franchise Canada Online Publication please follow the link: https://cfa.ca/franchisecanada/factors-when-choosing-a-site/

Contact Southbrook Business at 1 844 832 4999 today and find our how we can help you find success in the franchise business. At the moment, Southbrook Business represents several National Franchises looking to partner with qualified prospects to open multiple franchise units in Canada. We Buy. We Sell. We Grow Businesses and Franchises!