One of the most difficult things to measure when you’re establishing new business premises is whether the site will be beneficial in the long term.
At the beginning of every fitout, Innova Design undertakes a comprehensive feasibility study. This includes assessing potential sites to determine the ideal location; a market analysis to verify that long-term tenancy will continue to be viable; an evaluation of legal constraints to ensure compliance; and finally, establishing costing so that Innova Design and your business are on the same page moving forward. Conducting these feasibility studies reduces risk in completing the project, and ensures that your new space is both compliant and optimised to align with the goals and values of your company.
Innova Design has over 27 years experience in the industry. We’ve successfully guided rollouts nationwide, and have the capacity to simultaneously assess feasibility, meet compliance standards and maintain consistent pricing across all of Australia. Our feasibility studies are the first step in guaranteeing a smooth delivery at the end of the process.
Analysing potential sites and spaces for your premises is done according to several key factors. When we kick the process off, we work closely with you to determine what you’re looking for in your new site. We aim to get a clear understanding of your business, how you operate in physical spaces, and what unique requirements your business needs to succeed. From there we can determine the type of site we are looking for in terms of size, location, and access.
It’s not simply a matter of finding a site that meets the aforementioned requirements. We also need to ensure that the space can physically be fitted to your needs and that this fitout won’t seriously disrupt existing amenities for fire, ventilation and electrical systems. The site will, of course need, to meet compliance, so it’s of the utmost importance to make sure this can be done as early as possible.
You may already have a potential site in mind. The benefit to working with Innova Design is that we can assess these sites for viability and help you avoid committing to a property that will require extensive and costly work to bring up to scratch. Furthermore, our extensive experience has led to a solid understanding of incentives for building in certain areas. Innova Design is with you every step of the way, leveraging the best opportunities for your business.
As your partner, Innova Design conduct an in-depth market analysis to help you move in the right direction. Once we have a clear picture of what you’d like to achieve in your new space, we begin to set up a brief. This involves looking closely at the market you serve – understanding your competitors, your client base and your long-term goals.
We can assist in identifying gaps in the market and undertake thorough research on the area (or areas) where you’re looking to set up operations. This involves consideration of what businesses and services are already available, and which demographics exist in the area. Innova Design can determine long-term viability in any of your potential locations.
In the early stages of planning, we ensure that all legal requirements will be met, from zoning approvals to building code compliance to meeting department of health regulations. During site selection, we will be looking to make sure that we can meet these demands. Whether they are general regulations or industry specific, we will have you covered. We launch development applications as soon as we can, and work with the council to mitigate potential compliance risks and remove roadblocks to completion.
Innova Design assists in building a business case from the outset of the process. This way we can determine how much it will cost you before we even find a space. Based on existing sites and significant expertise we can make informed, realistic estimates. In the case of rollouts we can guarantee pricing that’s consistent across every branch, meaning you will have a clear outline of costs for the entire project. Subsequently, building a business case becomes much easier, and our accurate estimation removes the need to revisit your board or ask for additional funds once the case has been approved.
For more information, get in contact with Innova Design using the form below.
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