Creating a new space can be a positive decision for your bottom line.
Are you in a current location that you rent or that is not attracting your perfect client?
Do you have additional expenses and overhead that could be eliminated by owning your property?
CoVid Lesson: Were you as streamlined as you could be with the many financial challenges presented?
At Decca Design Inc. we have helped many successful business owners transition their location and become a landlord in a space they own. There are many reasons to own your space, reduce your expenses and build an asset for your future.
For some a new location can attract new clients to your space or reintroduce your services to a new geographic area. This can grow your operations quickly and offset initial expenses incurred by a relocation. Designing your new space allows you the opportunity to customize for your production and unique tasks and build efficiencies into your new layout.
The reduction of expenses can occur within the walls of a new space. New construction methods can bring about energy efficiencies resulting in lower overhead expenses and utility consumption. Expenses can also be reduced with appropriate materials for ease of cleaning and long term maintenance. Staff production can be enhanced with the right environment which can also lead to a reduction in expenses.
Many are looking to establish an asset that can be paid for by the corporation and grow as an investment over many years. Based on rent and operation costs a significant savings can be obtained by occupying your own location. If the space is larger than your business requires you could divide and rent out the remaining portion – become a landlord and acquiring a tenant to assist with your payments.
Recently building owners, while still feeling the effects of CoVid, were able to navigate the financial challenges without negotiating with their landlords or seeking other rental offsetting programs until the business could recover.
While the reasons are many to embark on the creation of a new space the results can reduce your expenses, increase your profitability and build an asset for your future.
While the reasons are many to embark on the creation of a new space the results can reduce your expenses, increase your profitability and build an asset for your future.
Check out our showcase for many examples of how design as an investment has resulted in positive effects on the bottom line of the business.