How to Tackle Retail Renovations for Your Business
When it comes to remodeling a business or retail space, making the decision can seem daunting. However, retail renovations can dramatically change the way customers view a business and may even lead to an increase in sales, revenue, and perceived value of the company. There are a few things to consider before taking the leap and scheduling a full retail remodel.
Figure Out What Needs to Change
Before meeting with a contractor, determine which areas of the building need to be renovated or remodeled. The more pre-existing fixtures and design elements that can stay, the more affordable the retail renovations are likely to be.
Get Input from Staff
Before talking to a retail renovations expert, get input from employees and staff. They interact with customers and clients every day and understand the pain-points of the space best. Employees may be able to provide insight into areas that need improvement versus those that can stay as they are.
When to Renovate
Retail remodeling is best done during the slow season of the year. Remember, most remodels and renovations are extensive and make it inconvenient or even unsafe for customers to enter the space while work is done. Examine sales patterns for the last few years, identify the slowest period of the year, and determine how long the business can afford to be closed for renovations before taking a loss.
Talk to a Contractor
Before committing to any retail remodeling team, meet with a few contractors and discuss the building’s needs. Each firm will have different ideas, timelines, and strategies. It’s important to work with a contractor that understands the building’s unique qualities while being willing to work with the business’ schedule to complete renovations on time. As with any large-scale project, don’t be afraid to ask for references.
A full retail remodeling project takes time, but the reward is worth it.