When looking to lease or buy automotive property, there are several key considerations to keep in mind to ensure the space meets the specific needs of your business and contributes to its operational success:
Accessibility - Consider properties that are easily accessible to both suppliers and customers. Proximity to major roads or highways is beneficial for logistics and customer traffic. Additionally, ensure there is sufficient space for parking and that the location is visible and convenient for potential customers.
Layout - The size and layout of the property should accommodate all your operational needs, including showrooms, service areas, storage, and office space. High ceilings and wide doors are important for service areas where you may need to accommodate vehicles and machinery.
ZONING AND PERMITTING
Ensure the property is zoned for automotive use. This can include sales, service, manufacturing, or a combination. Check local zoning laws to ensure your intended use is permitted, and understand what changes, if any, you're allowed to make to the property. Also, consider the time and cost implications of obtaining any necessary permits.
CONDITION OF PROPERTY
Physical - Assess the current condition of the property and what modifications are necessary to suit your needs. For automotive service centers, factors like floor drainage, ventilation systems, oil interceptors, and the capacity of electrical and plumbing systems are critical. Consider the costs of any required upgrades or repairs in your budget.
Environmental - Given the nature of the automotive industry, environmental assessments are crucial. Check for any soil contamination or hazardous materials from previous use that might require remediation. Understanding these issues upfront can save you from costly cleanup efforts later.
SECURITY
Automotive properties often house valuable items and need robust security measures. Assess the need for security cameras, alarm systems, and physical barriers to protect the property and inventory.
TRAFFIC PATTERNS
Analyze local traffic patterns and demographic data to ensure the area supports a thriving automotive business. The presence of similar businesses can indicate a healthy market but also signify competition. Evaluate how your business fits into the local ecosystem.