Question

You should consider when looking at a location.

Look at this list and describe how each of these can impact the success of your business – both positively and negatively.

1. Anticipated sales volume
2. Accessibility to potential customers
3. ADA accessibility
4. The rent-paying capacity of your business
5. Restrictive ordinances
6. Traffic density
7. Traffic flow into the location
8. Customer parking facilities
9. Build out
10. Visibility of signs
11. Proximity to other businesses
12. Proximity to complimentary businesses
13. History of the site
14. Terms of the lease
15. The rent–advertising relationship
16. Future development
17. Utilities
18. Ability to get liquor license

Answer 1

Ans:- 1. Anticieated sale's volume: - w a Company o yun the business Sole's value enable's the benifit 's to the Consumess and economically Pass on ond Stabilise it 'g Competitive Position Actessibilit to Potentiat customerS LAAMA Accessibi lt impDves footfail and hence the sales 3. ADA accessibility:- uvnwmu ADA accessibility enable's the company to sexve ditfereaty accommodale employee's with and ease, thus costomeys abled Positive image of itself, uhile Cornplying to xegulations building 4 he Rent Paying capacity oj youY bsiness :- w capacity to Pay higher sent might open the access to ofter Properties , thus ofening most sought Pemiun and Competitive advontage.

5, Restricive oidinances :- ptctive oydinonces limrt the eipansion, obilitu to CPeale ond Piesert othex limuto tons to the bosiness thus afiecting it negotively. 6. Traftic Density : - ing PYaftic Density mighi in moye CUstomers but at the Occess the place who time make he People difficult to Some choose oiher opton's. might like Yaffic ftow into the location:- ww Higher rotfic low would increase visibility oi he Place and mig ht pYDspective customer to visit , PaDmpt the thexe by incyensing sale's. 8. costomers Poarking faci lities : - wwwum facilities is definíleky Parking big plus, as it wil attract move People appsoaching with personal vechicles q. Build Out :- L Ruild out might help the business to customise the Place ccoicding to their Specific needs which enhances business PsPects

(1 to. visibilit ot signs:- visibility of Sign's would attvacting mOYe Customers t. Poximity to other Business :- 11 PODximity td othex businesses -t fustomise tee-aee ottract moxe of would devide the Customeys, but would more options for a os thee would be Costomey to them, choose odm. 12 Poximitg to complimentary business Negative histoyy of the Site would Prevent many Customess fom coming there , who might have negative experience wrth the places just disliking it Positive history attract those who have theiy fond memories associaled would with Place History of he site:- 13 Nww Favourable termg of lease affect fhe longevity of Contyact as well as of opeYatio n ease

14. Texms of he leose :. NN enhance the Rent advertisment xelotion ship would Business Pe-foymance 15 he Renl - advexhsing xelahionship :. www Better uilities would OAtYact CUstomers to the more place 16. Future Development Future development would more people visiting to Mean mote Sale's. Place and 17 Utilities :- PODrimit to Complimentar business will ofler a win win situation fov each type of bosiness. license 18 Ability to get liquor abilt ty to t licen ce uOuld help fhe business if it is a food business event oYganising company and wishes to axugment ts Poduct offering's