You’ve Outgrown Your Commercial Property – Now What?
Most entrepreneurs launch their enterprises with visions of future growth. However, executives often don’t have a tactical plan of how they’ll accommodate the increase in employees, capital assets, and internal infrastructure when their operations do begin to expand. As your organization gains market share and industry momentum, you may eventually find that your current office space isn’t sufficient to support your scaling business needs, forcing you and your leadership team to discuss and analyze your commercial property options.
Consider All Scenarios to Best Support Your Growing Enterprises
Of course, as with all corporate ventures, it’s vital to carefully weigh various office space scenarios from a strategic and financial perspective to make the best decision for both your business and your bottom-line. If things are beginning to feel a little cramped at work, you may want to consider:
Reconfiguring your Commercial Property Floor Plan
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Adding on to Your Facility
If you find that your current commercial property footprint simply isn’t going to cut it, you may want to consider an addition to your facility. Expanding your existing building allows you to limit any disruption to your business operations as well as avoid a potentially complicated corporate move. You’ll want to work with a professional commercial property contractor to understand what your options are based on zoning in your district, what permits you’ll need, and how to best align your strategic goals with the functional utility of the new space.
Purchasing a New Commercial Property
If renovating or adding on to your facility won’t offer the long-term support you need for your expanding company, you may want to purchase a new commercial property. Working with a professional commercial real estate firm can help expedite the deal to minimize total operational downtime and ensure you find a building best suited to grow and scale with your organization in the future.
Partner With an Experienced Financial Lender
No matter how you decide to solve your office space problem, it’s critical to consult with an experienced commercial lending firm before moving forward. A qualified and innovative team of financial advisors will offer a diverse range of loan products that can be customized to suit your specific corporate needs and best protect your business interests.
Are your operations outgrowing your current office space? Avid Commercial can help. Contact us today to learn more about our loan solutions and how we can help support your expanding company
Let Avid Commercial Help Build Your Business
Avid Commercial’s team of financial professionals develops customized lending solutions that help business owners optimize market impact. Contact us today to hear more.