What to Consider Before Building a New Retail Location

The right retail store in the right location can be an incredibly lucrative business venture. If you’re looking for a site in Virginia, Washington D.C., or Maryland to build a new storefront, find out how Tech 24 Construction can offer leading retail construction services that help you stay competitive in your local market. Here are some key factors to consider before breaking the ground of your new retail store construction project.

Financing Retail Building Construction

Building a new retail store is a significant business investment. If you’re going to invest in a hot market and create a compelling store, you need the right financing. Work with a local, leading contractor to receive a new construction estimate. Don’t forget about the cost of the property, inventory, and operating costs as you get your business off the ground.

Thankfully, a detailed construction plan and competitive business model can help you receive the financing you need. Ask your general contractor about financing solutions to make your new retail store a reality. This component of pre-construction planning can reduce the stress and risk of your new building investment.

If your dream building’s total cost is too much for your initial budget, ask about ways to reduce your plan. Future additions can be planned into your original design to break up your retail store construction project’s cost. That way, your building can grow as your business does.

Location of Retail Store

A successful brick-and-mortar store is all about location. Whether you’re planning to supplement with online sales or simply sell to your local audience, it pays to have a great location. Don’t just select the most affordable commercial building lot in your area, but do your research to find the answers to these essential questions:

• Who lives near this location?
• Are there any nearby competitors?
• Do potential customers drive or walk by this location?
• Is it easy to access?
• Is there enough room for your long-term plan?

Remember to factor in your long-term building strategy. Remodeling and renovations can help your business grow along with the demand for your retail products. A small lot or an area with severe zoning ordinances may not have the flexibility to expand and improve upon your store.

Curb Appeal & Exterior Design

You need an eye-catching property to attract customers. This is particularly important if there are nearby competitors. Your new construction should match your business model and draw in your ideal audience. Work with a contractor that doesn’t just provide engineering services, but has the architectural resources necessary to create a building that blends functionality and striking curb appeal.

Curb appeal can be as simple as some stylish landscaping, or it can be as dynamic as integrated architectural features. Work with your local contracting team to determine the ideal curb appeal that isn’t a jarring change from nearby buildings but still offers an iconic look for passersby.

Interior Design

Once your customers enter your doors, greet them with stunning interior design. Retail stores have a unique set of challenges when it comes to professional interior design. You need a building that combines all of these features in a single, flawless concept:

• Eye-catching visuals
• Ease of traffic flow
• Energy-efficient design
• Engaging branding

As a leader among local retail construction companies, Tech 24 Construction has the resources you need to pull off a stunning interior design. We work with you to blend state-of-the-art designs and your personal branding style to connect your customers with your products in a whole new way.

Store Construction Building Team

All of these factors rely on a building team with a reliable reputation. Your general contractor and various subcontractors can make your building project come together flawlessly or grind to a halt. Choosing the right team is the difference between a finished retail store on time and on a budget or a disaster.

Work with the best industry experts in your area with the help of Tech 24 Construction. We have the professional contacts necessary to prioritize your project and bring all the various pieces together in a unified, professional way.

You have plenty of decisions to make and people to manage as you work to launch your business or open a new location. Let us handle the details of hiring contractors, following zoning restrictions and pulling permits for your project.

Work With Tech 24 Construction To Create a Competitive Retail Store

Contact us today to get started with your new retail store building project. Break ground with expert retail contractors in the Washington D.C., Virginia, and Maryland area for effective, affordable, and dependable construction services that fit your plans and budget.

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Featured Image: Shutterstock / David Smart