Kristen Boen: 701.340.5592
Duane Peterson: 701.240.3660

How to Buy a Business or Choose the Right Location for a Business in Minot

How to Buy a business or choose the right location for a business

If you're choosing the right location for your next business, many factors come into play including cost, remodeling costs and of course, location. You want to choose a location that provides optimal exposure to your potential customers. This may or may not be a location that is on the main street but a destination location as long as your business provides ample satisfaction to the customers once they arrive. Businesses such as retail shops, boutiques and restaurants typically need the exposure of a well-traveled street or road in order to get passer-byers to stop and come in. Businesses such as manufacturing or wholesale industries may not need this type of exposure and most people will drive to the location when needed.

Some things to consider when choosing the right business location are:

Consider all costs involved in purchasing a business.

Read more: Understanding Rentable Versus Usable Square Feet in Commercial Real Estate

Unusual issues that are usually forgotten about until you actually move-in.

Read more: Can I Use a Grant to Buy North Dakota Commercial Property?

There are a lot of issues to decide the right business and location for your needs. We love to help people start their business, grow their business or purchase the right building in the right location. For more information on businesses or commercial property in Minot, contact our office today.




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