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Here's a checklist tomake this critical decision • Business climate in community • Proximity to target market • Adequacy of utilities • Access to supplies, materials • Type and cost of lease • Relation to competitor locations • Adequacy of police and fire protection services • Estimate of site quality 10 years from now • Provision for future expansion
Need assistance in locating a site? Help is available from: • Realtors specializing in commercial and industrial property. • Your bank or insurance agent. • The Chamber of Commerce in your area.
Physical Facility
Buy, build, or lease? Buying or building involves a large cash outlay and may also limit future relocation. Leasing may be the best course of action.
Major considerations: • Zoning: Any exemption or change needed? • Remodeling: Are building and use permits required? • Added Costs: How much repair or remodeling is necessary? • Lease Terms: What are the options to renew or cancel? • Rental: How determined? How about subletting? • Size: Is there room for future expansion? • Storage Capacity: Is it enough? • Parking: Enough? • Insurance: Consult your agent. |