When every business owner sets up their first premises, the thought of owning a second building is perhaps quite far down the list. This is because the amount of hard work that needs to be put into the first building can seem endless, whether it be furnishing, growing your stock or developing a customer base. In fact, you may be so caught up in the running of your business that you might actually not notice that purchasing another building could be of great benefit to your business.
Whether you’re a cafe, barber, bookstore, the purchase of a new property requires the help of a commercial property lawyer. Take a look at Andrew Lee Property Lawyer’s three signs that your business needs a new building.
You’re Always Busy!
Perhaps the most blatant and obvious sign that your business could do with a second location is by how busy you are. Particularly for cafes and barbers, if the waiting time starts to creep up then this perhaps shows that you cannot cope with the influx of visitors. Although this correlates with success, it’s also important to remember that busyness can also be a deterrent for potential customers. If your business is known for being busy and inaccessible, then customers might be enticed to visit other alternatives that are quieter. As a result, having a second shop means you satisfy more customers.
Turning Away Customers
If your business is becoming too busy, this might mean that you actually have to turn away costumes because you cannot accommodate them. This can be a detriment to your business as it might deter them from visiting again. Also, if you ever find that the quality of your services isn’t as good because you’re rushing to get more customers in, then this is perhaps a good sign to have two locations.
Overworked Staff
Even if your business is doing really well financially, this doesn’t mean that you should neglect the morale of your staff. If you notice that your staff are becoming burnt out because of how busier you are, then it might be good to have another building so you can share out the workload more evenly. Staff morale is a key contributor to customer satisfaction, so it’s important that you consider this at all times.
When it comes to your business, location is vital. If you’re looking to expand your business by owning a second property, then Andrew Lee Property Lawyers are the perfect company to give you a helping hand. Our commercial conveyancing solicitors have a wealth of experience and knowledge under their belt, meaning that we can help you every step of the way when purchasing a property. To find out more about the commercial property conveyancing services that we offer, then get in touch with our team today!
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