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Business relocating is never easy but the preparation, costs, complexity, the planning and the actual move takes, and the time allotted for it all will all depend on what kind of business it’s, its size, and where it is moved to. The most common business relocation targets industries that have sales, service, warehouses, offices, or manufacturing facilities. The move to a new office or storefront is often a complex process and will be nearly impossible if the business is in any of these kinds of businesses. Some business relocations are simply due to changing customer demands or consumer demands on products and services. There are other business relocations that are more complex and extensive.
A lot of the complexities in business relocation are hidden in the name. “Relocate to” can mean two different things to two people who are not directly related to each other. To make matters worse, business relocation terminology can be difficult and even contradictory in certain situations. This means that communication can become an issue and delays can occur in moving your company to a new address. Some of the commonly used names for various parts of a business relocation are:
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Office Move – This is when a business moves its client files (also known as premises) from one location to another. It is sometimes called “partitioning”, and relocating departments such as human resources, payroll, accounting, shipping, production, IT, or finance take part in this move. A client move can also involve internal changes like a move of one employee or group of employees. When clients move companies, they usually move all of their furniture, equipment, supplies, and facilities. Part of the office moving expenses for this kind of move are the cost of moving trucks, the packing and moving of furniture and equipment, renting or purchasing moving boxes and furniture, and miscellaneous items such as insurance, license fees, and other miscellaneous charges.
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Retail Space Moves – This is a move where the company relocates its customer and employee files to a new location. This move can also involve the moving of inventory or simply the change of locations of some of the company’s stores. A retail space to move is often required by a retailer who needs to shift to a new store location, or it can happen simply because the current store closed down. Companies also use this move to take advantage of a new outlet opening that they thought would entice new customers into their old store. Business owners do not have to move all of their inventory; they simply have to move some of it to the new store and then close the store while the move is in progress.
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Real Estate Relocation – When a company relocates, they are also moving all of the company’s property, which is considered “real estate.” In the case of real estate relocation, there are several options available. These include leasing a space in a new building, leasing out a portion of a commercial building, or simply moving the company’s offices to a different location. Business owners can use an office moving service to help with the entire relocation process.
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Physical Location – This refers to the physical location of the company’s facilities. For many small businesses, there is only one location: the business owner’s home. Businesses sometimes relocate to larger cities, such as Hodgkins, or to more rural areas with more opportunities for growth. In order to determine the physical location, business owners typically need to contact movers, and map out their new space. Business relocation services can also assist with legal documentation, such as contracts, leases, or other types of legal documents.
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Many of the factors that we consider when relocating are related to economics. Business owners will always need to consider the cost of shipping and transporting goods, because they may be carrying goods from one place to another. They may also have to pay taxes on goods that they sell at new locations, or may have to pay sales and use taxes. Moving trucks can add to the costs of relocating, especially if the company is moving to a different state or country. Businesses may have to consider insurance costs while relocating, since they may be liable for damage to the products or property while moving.
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There are many elements that should be considered when calculating the expenses involved in relocating a business. However, taking the time to create an accurate office relocation checklist can help businesses make sure that their move is smooth and stress-free. The moving checklist should include: hiring professional movers, renting a commercial truck, creating a relocation plan, researching local laws and regulations, and ensuring adequate insurance coverage. By following the simple steps found in this guide, you can ensure that your move is both affordable and stress-free.