Deciding to renovate a retail store is a big move. Renovating commercial retail space can open new opportunities for a brand. It is important to have a well-thought-out plan, budget, and to hire expert commercial contractors, like CBI to complete the job. These tips will ensure a successful retail renovation.
REALISTIC TIMELINE
Most often when it comes to a renovation in a commercial retail space, the business takes a temporary hiatus. It is important to figure out the renovation schedule that works for your business so that you can present realistic expectations to your employees, customers, and your contractor.
CONSULT EMPLOYEES
Your employees cover the retail space continuously throughout the day while interacting with customers or completing tasks. It is helpful to ask for suggestions about storage, point of sale, or different display options. As employees are interacting with the customers in an ongoing capacity, integrating their suggestions and the overall goals will mean optimum success.
RENOVATION DOES NOT ALWAYS MEAN RESTRUCTURE
It is important to plan on working with and around what you already have in place when it comes to electricity, plumbing, and ductwork as they also most often do not need to be replaced. If you think you need to move electrical or plumbing, decide and plan ahead of time so that you can allocate your budget or find other solutions without the cost of relocating infrastructure.
BALANCE OF NEEDS VS WANTS
In order to have success with a renovation, there needs to be a good balance of needs and wants. Before committing to anything, weigh all options, shop around and compare all alternatives. At the end of the day, it is about quality and your bottom line — and making a profit once your renovations are complete.
CBI specializes in retail commercial renovation projects and our experts have renovated many retail spaces in North Carolina. Our team understands that it is important to be prepared, on schedule, and within your budget in order to have a successful retail renovation. We offer commercial building services in Fayetteville, Pinehurst, Southern Pines, Lumberton, Sanford, Fuquay-Varina, Apex, and many other cities in North Carolina. For more information, give us a call at 910-818-6811 or you can email us at cbi@commercialbuildingnc.com.