Buy or lease business premises
The location of your business can be an important factor in its success. So you should carefully assess what's the right environment for your business. Gather information about the demographic and economic characteristics of the areas you're interested in. Contact local councils for detailed information about business activity in their regions.
Once you have chosen your location, you need to decide whether to buy the premises or enter into a commercial lease. At this stage its advisable to seek professional business advice. Accountants, solicitors and other business advisers can advise whether its in your best interests to purchase or lease your business premises and equipment.
State and territory governments are responsible for commercial and retail tenancies, each having its own retail tenancy regulations.
What to do...
- See Queensland and New South Wales government publications about choosing the right location and commercial leases.
- Contact your local Business Enterprise Centre to see if there is a business incubator near you.
- Find out about retail leasing in your state or territory.
