Essential Costs to Remember During a Business Relocation


If you are planning on relocating your business, it is important that you keep in mind the different costs that can be involved. The relocation costs you around every turn, from paying movers to the cost of the new office space. Here are some costs to remember when you are relocating your business.

You May Be Paying For Multiple Locations

While it is ideal if you can move into the new office and stop paying for the previous office at the same time, this is not always the case. If you are moving before your lease is up, you may be required to pay through for the remainder of the lease or pay a high fee to move early. You may also need to move to a new location for business purposes, but you have to give 30 days notice for the previous space, which means you are paying an additional month. Make sure you find out now what the extra expenses will be if you leave the old office or retail space early or with little notice.

Full-Service Moving Services Costs More

While full-service moving services are optional, they are highly recommended when you are moving an office and all your equipment or inventory. This can be a large job that is not only time consuming, but takes a lot of labor-intensive work. If you are not prepared for it or lack the extra time to move everything on your own or with help from your employees, you should hire full-service movers. They will not only move the furniture and office equipment for you, but can pack boxes, take apart furniture and put it back together in the new office, and disassemble equipment before moving it.

Some Relocations Require a Self-Storage Unit

If you are planning on a long-distance move and don't have a lot of time to get it done, you may need to rent a self-storage unit as a temporary space to hold furniture or extra inventory until you get the new location settled. Another reason you may need a self-storage unit is if during the move, you discover your new storage room is smaller than your previous one, requiring the extra storage space.

The Operating Costs Might Be Higher

When you are relocating to a new city or state, there are often higher operating costs. The city may have a higher tax rate than the previous one, or you may discover that operating a business and getting a new license costs more after moving to a new state. Make sure you also consider these extra costs.


27 April 2016

Storing my stuff while I'm on exchange

I'm going on a year of foreign exchange, so I am moving all of my stuff into a storage unit until I get back so I can save money on rent. I don't have much money so I am trying to do this for as little money as possible as I want to make sure that I know the best way to pack things to save space and get the smallest possible unit. This blog has some of the tricks that I have picked up in packing my household in the most space-efficient way and should be useful for anyone else packing up a household for storage.