Top Key Factors to Consider When Choosing a Warehouse Location in the UK
When an individual or a group of people steps into the world of business, it becomes their sole responsibility to make the availability of goods and services to the customer at a reasonable price. In doing so, every business owner seeks to store their goods in a warehouse building at different locations. In recent years, with the spike in business in the UK, we often come across warehouse buildings for sale. But an important question is how to mark the worth of the warehouse space. What criteria need to be focused on when finalising the warehouse space for your business?
To offer a reasonable answer, we will discuss the top key factors to consider when choosing a warehouse location in the UK.
Availability to customers
The prime motto of the business is to offer a timely delivery to the customers. Thus, proximity to customers should be considered the prime factor while selecting the warehouse building for sale in the UK. One should always look out for the space that suits the geographical distribution of customers because it significantly impacts the business's shipping cost with minimal delivery time. Additionally, the warehouse, closer to the primary market, offers better availability for customer satisfaction and loyalty.
An efficient transportation infrastructure plays an important role in finalising the warehouse location. A well-constructed and managed transportation system which connects to major roads, highways, ports, and airports helps the business owner in determining the accessibility of the warehouse location. A well-connected location helps business owners in various aspects.
- Streamlines the supply chain.
- Reduce transportation costs.
- Ensures timely delivery.
- Safety of the products
Additionally, one should consider the following to save on transportation costs.
- Accessibility to highways & exit ramps
- Highway inter-connectivity
- Public transportation penetration
- Average traffic speed offered
- Traffic peak hours in the area
- Proper illustration of road signs & signals
Area’s Rules & Regulation
For the better functioning of the storage building, it is important to consider local regulations and zoning laws of the area. The business owner should make a thorough investigation of the area so that the operation of the warehouse building should align with the rules of the area.
Prior knowledge of the established rule saves the business owner from landing in unfavourable legal issues which may impact the safety of the business and its products.
Every business requires excellent workforce availability, sharp skills and affordable labour costs for proper functioning and effective management of the warehouse temporary building. To attain the desired workforce, it is crucial to have a thorough knowledge of the local demographics. While checking for the workforce availability, demand and supply should be an important factor. When there is a lower supply of goods, it leads to higher salaries, which gives rise to higher operational costs. In the alternative situation, a high level of workforce and lower demand leads to salary denouncement.
Additionally, having the right skills is an important factor to consider while looking out for labour. A skill gap leads to poor customer service, reduced competitiveness, and productivity.
In the UK, there are various regions that attract business through various kinds of tax incentives. Before finalising any location for your warehouse, it is important to explore the opportunities available to avail yourself of the perk of reduction at an overall cost. There are areas that offer tax breaks or other financial incentives to make your chosen location even more cost-effective.
Expansion Availability & Utility Cost
In case of business expansion or shrink, the warehouse building needs to make some amendments & adjustments. In such a scenario, it is suitable to look out for the nearby area rather than moving to a new place. The availability of space near the existing storage building leads to retaining workers and utilities, along with making it easier for delivery people and customers to find you. For an extended area/space, it is also essential to check for utility availability along with the cost incurred.
Additionally, business owners should check for Internet and telephonic establishments. Also, know if it's Cable, T1, Fiber, or something else, and what it costs. Sometimes, it takes even 3 months to set up a new space for a warehouse.
We have discussed the top 06 factors responsible for finalising the warehouse building for sale in the UK. The factors discussed above are beneficial for the business owner in various ways.
- Storage building offers better revenue to business owners.
- It secures the product under favourable conditions.
- It balances the demand and supply chain.
- It fulfilled the sudden demand of the market.
- It is better for risk management.
- It is beneficial for advanced record keeping.
If you are also looking for the best warehouse building, then we are the best choice for you. We offer you a comprehensive range of temporary and permanent structures designed to facilitate all your specific needs and requirements. We aim at providing the best solution to our clients with better solutions and complete satisfaction.