Posts Tagged ‘officespace’
Wednesday February 6th, 2013 from 11:30am until 1pm, the Conyers-Rockdale Chamber of Commerce is hosting a network luncheon at the Outback Steakhouse located at 1188 Dogwood Drive Conyers, GA 30012. Bring your business cards and network with the people in the area that make Rockdale County great. By attending you will be entered to win a chance to speak at next month’s luncheon.
The event is $15 for members. Non-members must call the Chamber to RSVP. (770) 483-7049. For more information visit www.conyers-rockdale.com or email firstname.lastname@example.org.
Date: Wednesday, February 6th, 2013
Location: Outback Steakhouse, 1188 Dogwood Drive Conyers, GA 30012
Time: 11:30 am to 1:00 pm
Fees: $15 per person
Non-Members must RSVP by calling (770) 483-7049
Visit www.Conyers-Rockdale.com for more information and to verify all events.
Ownership has its perks, but it’s important to weigh the risks as well. Before you make the decision to purchase your office space, consider the following factors (provided by Coy Davidson of Colliers International, and expanded upon by EpiCity):
1. Required capital outlay (including retrofit costs)
What is the bottom line financial commitment? Don’t let anyone confuse you with jargon or complexities. Get the facts about the figures.
2. Required return on investment
How much does this purchase need to save the business and over what period of time?
3. Internal competition for capital
Where else can/should you be spending your money?
4. Short vs. long-term plans impacted by other large capital investment initiatives
What else is happening in the business now and in the future?
5, Projection of required employee headcount based on revenue, product or service demand (static or rapid changes)
How do you project your team will have to grow? Your office space needs to be able to support it.
6. Projected market conditions
Is it a good time to buy based on real estate values, cost of debt, etc?
7. Demographic and labor force shifts
Will your supply of labor in the area around your office be growing or shrinking?
8. Neighborhood stability
Is the surrounding area around your office strong?
9. Capital appreciation
Is the value of the real estate likely to go up?
10. Income tax implications
Does your tax advisor have good things to say about the impact of a purchase?
11. Financial reporting
How would a real estate purchase impact your reporting?
12. Perception of stability as a result of ownership
What impact would ownership have on your “image” as a business, and would that be helpful or hurtful?
13. Exit strategy
If it turns out that ownership isn’t right for you, how will you get out of it?
Consider these factors and ask yourself these questions, and we think you’ll make a prudent purchase decision. Our team would love to help you learn more about the pros and cons of leasing and purchasing at Wall Street Conyers. Please contact us today to get started!