Shopping for the Right Co-Warehousing Space Try researching warehouse space leasing companies like ReadySpaces, WeWork, CubeWork, Room2Work, and Saltbox. See what companies have a presence in your city. To find a shared warehouse space you need to ask some important questions: • Do you need ground-level shipping and receiving? If not now, will you soon need dock access? • How much space do you need and what is the cost per square foot of each option? • Do you have specific electrical needs? Melissa had a floral cooler which is best kept on its own circuit. Will your landlord allow for such custom installations? • What sort of lighting is available in your space? Will you be taking product shots there and having to set up a photo station? Does the landlord have a photo studio as an amenity? • What about meeting rooms? Do you meet
with customers or vendors? • Budget: Can you afford this space at the sales level you are at now? If not, are you on a growth trajectory to afford it soon? • Will the landlord’s amenities help you save on some costs? If you don’t have to pay a Wi-Fi provider or buy a refrigerator, can those costs help justify the space? • What about privacy? Does the space have floor to ceiling walls? Will you be subjected to your neighbor’s terrible taste in music? Look at all the options in and around your city. Consider commute time – how accessible is this to your home, your vendors, or your customers? Co-warehousing options are popping up all over – some are part of larger chains and some are local. Investing in Growth Success has a way of outgrowing its confines, and soon, the need for a retail space became clear. The warehouse space was just not good
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30 The Acumen
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