Keeping your retail space fresh and appealing is critical to the ongoing success of your business. Retail renovations are often used to help breathe new life into a stale space.
These types of construction projects can be costly, so it's essential that yours goes smoothly in order to maximize the benefits a renovated retail space can offer.
Use the following tips to help you better prepare for and execute a retail contracting project in the future.
1. Know the Infrastructure of Your Space
Many retailers make the mistake of starting a renovation without becoming familiar with the structural layout of their space. It's important that you know where all major infrastructure elements are located inside your retail space.
Identify which walls are load-bearing walls so that you can avoid a renovation plan that calls for moving these walls. Locate existing electrical and plumbing lines so that you can work around these elements without having to move them.
By working with the existing infrastructure of your space, you can significantly reduce the costs associated with a retail renovation.
2. Ask for Employee Input
The input of your employees can be invaluable when it comes to a retail renovation.
It is the employees who are walking the retail floor and interacting with customers on a daily basis. Your employees will be able to help you improve the layout of your retail space.
You should involve employees in all aspects of a retail renovation to ensure that your updated space will contribute to the efficiency and success of day-to-day activities in the future.
3. Hire the Right Contractor
It's essential that you hire a contractor with experience completing retail renovation projects when you are updating your retail space. These contractors understand the limitations that must be accounted for when involved in retail construction.
You may have to follow certain guidelines provided by the owner of your retail space. Your commercial lease may call for the complete removal of all fixtures and design elements when you move out of the space. An experienced contractor will be able to help you create a new retail layout that is functional and easy to disassemble.
This will save you a lot of time and money if you decide not to renew your commercial lease at some point in the future.
Retail renovation projects can have a big impact on your bottom line. Ensure that your renovation goes smoothly by working with your existing infrastructure, asking for employee input, and hiring an experienced contractor.Share