When it comes to finding the right commercial property, Kelowna Business Brokers has got you covered. As a leading commercial real estate firm in Kelowna, we can easily help you create a shortlist of properties that meet your wants and needs. From there, it’s a matter of helping you decide which one offers the best fit. To do so, there are many factors to consider carefully. One of the most important factors to consider is the location of the property.
Savvy investors and business owners know that one does not simply choose to invest or set up shop in a commercial building that “seems nice”. There are many aspects of a property’s locations that should be taken into account before you finalise your purchase. Some of these include:
Type of Business
What kind of business will you be setting up? The property you choose to invest in should be able to meet the needs of your business. For example, a particular property may be perfect for setting up a sports equipment shop, but a poor choice to set up a restaurant.
You should also choose a location that would be convenient for your customers/clients. After all, making your business accessible and convenient for your customers leads to better sales. For example, it would be a good idea to set up a restaurant near popular tourist attractions in Kelowna.
Enterprises in the Area
Take a quick look down the street and around a few blocks. What kinds of businesses are open in the area? If you want to open a hair salon in a street that already has five salons, you’re better off looking for another place to set up shop. Consider how nearby businesses may affect your own business.
Customers and even your employees want to know that they are safe inside your place of business. This is especially true for businesses that are open 24/7. Be sure to check the crime rates and overall security of the area you plan to open your business in. Speaking to fellow business owners in the area should also give you a good idea of what it’s like to do business there.
If you are having trouble deciding, do not hesitate to consult a member of our team. We can help you find a suitable location for your business thanks to our extensive property listings. Give us a call or fill out the form at the bottom of your screen and we’ll get back to you as soon as possible.