You may have the best franchise in the world, but it will fail if you aren’t in the right location. It is all about placement of your business. Location is important for any type of business, and it is the thing that could make all the difference between a successful enterprise and a failure. There are different types of people looking for properties, such as individual tenants and large franchises that are looking to expand. There are many tips and tricks that you can follow to ensure that you are able to find the perfect location for your business. Commercial and retail leasing can both go a lot smoother if you are able to find the perfect spot with the perfect terms and the perfect landlord (highly unlikely that you’ll get all three, but fingers crossed).
Time is of the essence
And not in the way that you think. You will be making a lot of big decisions in this type of situation. You have to give yourself time to think carefully about these decisions and make the right calls. If you don’t do this, you might rush into a choice and it may be the wrong one. When leasing property in Hong Kong franchises usually start the process at least half a year before the actual leasing begins and they open. If you are enthusiastic enough and provide a sense of security during your meetings with the landlord, you are going to be able to ask them to hold it for you for a period of time. Of course, the process of leasing the property may take longer than you expected, but good landlords will be completely fine with waiting as long as you keep your word.
Don’t let the other team make your decisions
When leasing property in Hong Kongmake sure that you don’t let a realtor who works for the landlord to show you all the properties you need. This is because it will drastically reduce your power over the modification of the terms. These agents are highly skilled in detecting your reaction to different properties and will certainly take advantage of this to secure themselves a higher commission upon sale. Hire your own realtor if you really need one, and make sure they work for the tenants and not the landlord. Follow this page for further information regarding industrial leasing.
With the right kind of time, money and knowledge, you should be able to find the perfect fit for you in terms of a location for your business and a lease agreement that will suit your needs. Keep hunting and remember never to settle!