If you’re just about to start your own business, you’re probably already under a lot of stress. Thinking about the property and specifically, warehouse location can also be extremely stressful – but thankfully, we’ve got you covered.
In this article, we’re going to look at a few key tips to look at so that you can find the best warehouse location for you – one that really works for your business. Finding the right premises for your business can make a big difference to your future success and growth, so it’s not a decision you should be taking lightly. Let’s have a look at some tips:
What can you afford?
This is the first and often most important factor that you need to look at when choosing your warehouse location – what can you afford? You might want or need a specific site or location, but does your budget stretch that far? Often, the best locations are those that are more expensive, but that isn’t always the case – so you need to weigh up a few options as well as looking at alternatives.
If you decide that a specific location really is right for your business, you might need to pay a bit more than you think – or take out an extra loan. Make sure you’ve calculated what a certain location is worth to your business compared to how much it costs, and worked out if this makes sense financially.
Where do you need to be close to?
The location of your warehouse is obviously important for the logistics of your business, so this is something else that needs to be looked at closely. Can you take deliveries and ship products easily and affordable? Is it close enough for clients to visit regularly? These are all important factors that need considering. You’ll also want to be in a location that’s close enough for both you and your employees to get to work in good time.
Is the premises big enough?
If you need to store a lot of goods, you’ll obviously need a bigger warehouse. This can affect the location you choose, as some built-up areas can only support smaller buildings. For this reason, you might want to consider an out-of-town option if that extra space is really important.
What’s security like?
If you’re storing a lot of valuable stock, you’ll need to make sure security is good in your area. If it’s a high-crime location, you might want to think again. You might also want to check what additional security measures are available in the area.
Can you expand if necessary?
If you decide that you need more storage space, will it be easy to expand in your current location, or will you have to find another site? You might think space is enough for now – but ideally, you’ll want your business to grow – so it might not stay that way. The warehouse building design itself might also affect your ability to expand, so this is something you’ll need to look at.