Opening a traditional brick and mortar business anywhere, including here in Orange County, requires some consideration and math. The last thing a new retail business needs is to get the wrong size space, which could ultimately cut into any profits a company could make. Too large a space could cost more in rent while too small a space could prevent additional sales.
In addition to the monetary issues associated with the space, a new owner has other considerations as well. If the space is too small, customers may only see clutter and not be able to enjoy all of its wares. If the space is too large, it will look empty to customers, which could turn them away.
Some of the first research needed is finding what the sales per square foot is for similar businesses. This number will divide into the total sales volume an entrepreneur expects. This result will provide the approximate number of square feet needed for a particular retail establishment, but extra space for storage, restrooms and an office need to be factored in as well.
The right location can make or break a business. Once the square footage needed is determined, finding a place that meets this need as close as possible can take some time. Sometimes, the right location could be out of reach due to its cost. Other considerations include zoning. Some retail stores cannot be in certain locations.
Taking all of this into consideration may help choose a location for a new Orange County retail establishment, but it will not necessarily help with the negotiation of a commercial lease. It may be possible to rent that prime location without breaking the bank. Turning to a knowledgeable real estate attorney could help make that happen.
