
How to Handle Business Growth
Business growth is a good thing but it can also create challenges. In this case, being able to accommodate the additional customers was becoming tricky. As things continued to progress and it was clear things weren’t going back to the way they once were, the owners decided to look into their options.
After considering various options, it was clear that a second shop was the best option. Not only would it accommodate additional people, but it could go in another great location and create a more accessible solution for people on the other side of town.
The Cost for a Second Location
Once that was decided, the next question was how much it would cost to build a new location. There were many different factors to take into account, from the cost of the land to building the store, stocking it, and even bringing in new workers. Research was done on all of those things to come up with a realistic cost.
Perusing the Internet and networking with others in the industry let them come up with a base amount that this expansion would cost. With everything pulled together, the business would need $750,000 to create a new shop that had everything needed to be a great upgrade.
