Choosing a Business Location Checklist

Thu Mar 26, 2009 4:01pm EDT

Choosing a business location requires consideration of a broad range of factors, from local zoning and tax laws to the accessibility of your business to customers and employees. The following checklist includes several questions you should answer before making your ultimate decision on where to open your business. Be careful to factor in your own special circumstances, which do not necessarily appear on this list.

Yes/No

Is the area zoned for this type of business? ____

Are qualified employees available in the area? ____

Is the site close to the markets served by the business? ____

Are any competitors in the area? ____

Are the inventory and supplies the business needs available in the area? ____

Can suppliers conveniently make deliveries to this area? ____

Is public transportation accessible? ____

Are the utilities needed to run the business available? ____

Are there facilities nearby for transporting goods? ____

Are the rates for transporting goods similar to or lower than in other areas? ____

Does the cost of this facility in this location compare favorably with other areas? ____

Do the taxes on this facility compare favorably with other areas? ____

Do the taxes on the business compare favorably to those in other areas? ____

Is the area suitable for expansion in the future? ____

Are there adequate parking facilities for customers? ____

Are there adequate parking facilities for employees? ____

Is the traffic in the area compatible with this type of business? ____

Are the wage scales in this area similar to or lower than other areas? ____

Is this a safe area for employees, suppliers, and clients? ____