Choose the right location for your business premises

D2N2 logo

D2N2

Your business premises can make or break your business, the location should be convenient for your customers, employees and suppliers - without being too expensive. You should weigh up the advantages and disadvantages of location when deciding on a business property.

Budget - Your rent or mortgage payment will not be your only monthly bill – various overhead costs will inevitably drive up your payments. Before making a final decision, you should fully investigate the property’s utility rates, along with local business taxes, insurance premiums, and security costs.

The Look and Space - Appearances are always important in business. However, your property must also be able to meet your specific requirements. You should also assess whether the building is large enough for your purposes, from parking to operations, try to choose a property which can absorb your growth.

Operating Legally - There are a number of legal issues to consider when choosing a new business location. The building complies with all legal regulations – from fire and ventilation, to heating and space. Are there any waste disposal issues? Will your suppliers be able to unload products easily, or are there local time constraints?

Location, Location, Location - Your ideal location will depend entirely on the nature of your business. If you rely on passing trade, you should look for premises in an area of high footfall. However, companies which need a lot of storage space should consider an out-of-town location. The location of your enterprise can determine whether you succeed or fail, so do your research, take your time and make sure it is the right choice.

Your premises should help you to operate effectively without excessive costs. You should avoid being tied to premises that might not suit you in the future. Different options suit different businesses. By taking into account all the relevant factors, including legal issues, you can identify suitable premises at a location that meets the needs of your business, your customers and your staff.

Fill in this form to ask the D2N2 Growth Hub for help


Terms and conditions

By clicking submit you are agreeing to our terms and conditions and to receive future updates.

We collect personal data for the purposes of responding to your request made via the web site. To help provide the service to you we may need to pass your details to delivery partners. We may wish to contact you to monitor the quality of our service.

Related Events

NBV

Nottingham Urban Starting in Business Programme

  • 16th August 2022
    10:00am - 2:00pm

Location
Online
View event

BIPC

Business Support Surgery

  • 17th August 2022
    9:30am - 5:30pm

Location
Beeston Library, Foster Avenue, Beeston, NG9 1AE
View event

Community Renewal Fund

Influencing and Collaboration

  • 17th August 2022
    9:30am - 12:30pm

Location
The Bridge Skills Hub, Worksop, S80 1DT
View event

Nottingham Trent University

Digital Skills for Fashion and Textiles

  • 17th August 2022
    10:00am - 4:00pm

Location
Summit Centre, Kirkby-in-Ashfield
View event

Events

NBV logo  

NBV

Nottingham Urban Starting in Business Programme

16th August 2022
10:00am - 2:00pm

Location
Online

Book now

Case Studies

Victory Design Ltd  

Victory Design Ltd

Victory through investment

Read more

News

Nottinghamshire Entrepreneur beat the odds and Secured £15,000 to Bring Vibrant Performances to Corporate Events  

Nottinghamshire Entrepreneur beat the odds and Secured £15,000 to Bring Vibrant Performances to Corporate Events

Nottinghamshire entrepreneur Thomas Wyman has secured a £15,000 Start-Up Loan

Read more
Nottinghamshire LED Lighting Company Secures RLS Investment as it looks Towards a Bright Future  

Nottinghamshire LED Lighting Company Secures RLS Investment as it looks Towards a Bright Future

Sandiacre-based Laystone Electronics Limited has received funding to create two new jobs and safeguard 13 existing roles.

Read more

More from D2N2

D2N2 Priority Sectors

D2N2 has identified eight ‘Areas of Economic Focus’
Read More

Incubation Units

These are spaces often linked to Universities, Colleges or other organisations that may offer flexible ‘easy-in-easy-out’ lease agreements.
Read More

Life Sciences

D2N2 is home to over 200 medical technology firms. Demand in the life sciences sector is being driven by new...
Read More

Low Carbon

Employment in the low carbon economy in D2N2 is thought to be amongst the highest of all LEP areas....
Read More

Book an Appointment with an Adviser

Your business is unique but the challenges you face aren’t, we can help get you through them.

Our free and impartial support is delivered by experienced, expert business advisers, giving you the right advice at the right time for your business.

Contact us today to access a wealth of support, events, business growth programmes and expert advice.

Anthony Byrne
Account Manager
Image of Anthony Byrne