Friday, June 1, 2012

Business Relocation Checklist


When moving your business, it is helpful to have a game plan to make the relocation process easy and efficient.  

AT LEAST 4 Months Prior To the Move
Many business owners make the decision to move AT LEAST three or four months prior to the desired move date, on average.  The time required to survey space options, choose a location, and negotiate a lease depends on the size of your business:



office sizelead time
1,000 - 3,000 square feet:4 to 6 months
3,000 - 10,000 square feet:6 to 10 months
10,000 - 20,000 square feet:8 months to one year
above 20,000 square feet:up to two years in advance


During this lead time, you should accomplish the following:
  • Obtain a commercial real estate broker
  • Visit potential commercial properties
  • Determine the desired new office attributes
  • Create a basic timeline for the move
  • Let your employees know about the move
  • Set the date of the move
  • Locate and obtain the new property
2 Months Prior to the Move
Two months before your move, you should take care of the following items: 
  • Hire a moving company
  • Order new signs for the business exterior
  • Order new stationary, letterhead, business cards, etc.
  • Contact clients and let them know of the upcoming move
  • Set up utilities for the new business location
  • Arrange for future cancellation of your current utilities
  • Order new furniture
  • Start organizing documents and office furniture for the move
1 Month Prior to the Move
Address the following items 1 month before your move:  
  • Contact insurance provider for new office space insurance
  • Order new office keys
  • Assign office space to current employees
  • Order new checks
  • Update bank information
  • Inventory and tag current electronics and furniture
  • Obtain packing materials
  • Notify USPS of address change
  • Pack non-necessity items (those which won’t be needed prior to the move)
1 Week Prior to the Move
Address these final items 1 week before your move:  
  • Back up office computers
  • Pack remaining office items
  • Label packed office items
  • Pack up desk items/employee personal items
  • Inspect new office
  • Remind clients of the move
  • Remember not to schedule client appointments until post-move
  • Assign staff members moving duties
Day of Your Relocation
Take care of these items on moving day:
  • Only have essential employees present
  • Post signs in new office space to direct movers
  • Direct movers in both locations
  • Have food/drinks available for movers/staff members
  • Final cleanup of old office

Troy Golden is President of Golden Group Real Estate. He received his undergraduate degree from Yale University and his MBA in Real Estate from the Wisconsin School of Business. Troy specializes in commercial office brokerage in Chicagoland. Please contact him at troy@goldengroupcre.com or (630) 805-2463.

1 comment:

  1. Proper plan is key point of any thing whether for moving from one place to another or going to purchase a flat.
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    ReplyDelete

Hello,
Thanks for the comment. Your comment will appear soon, after I verify that it is not spam. You can contact me directly at tgolden@scgroupco.com, or 630.474.9997. Thanks,
Troy