Want to Buy a Shop in Pune ? Consider These Factors
- BY Jaspreet Kaur
Feature Writer, BusinessEx
- Jul 20,2021
- 11 Mins Read
Commercial space is never a waste of money. It can't be a waste because it creates positive cash flow from day one. The rent you pay is an investment in the future growth of your business. Increased cash flow from the extra paying customer who comes every day to your shop. Commercial properties are one of the most lucrative investments. The return might not be the best, but it is steady and reliable. Usually, commercial properties such as shops or offices yield an average of 6-8 per cent on your investment. It is more than double what you earn in a bank account.
The interest of a big purchase to begin either its own business or a job without having to worry about your salary, goods, distribution, and inventory. A physical store is one of the best options for buying. There are thousands of retail shops for sale in India. The most expensive retail space is in Mumbai, followed by Delhi-National Capital Region, Bangalore, Kolkata, Chennai, Pune, and Hyderabad. While many of these shops are good businesses, the price paid for them is highly unpredictable.
3 Areas to Consider While Buying a Shop in Pune
Talking about a flourishing city like Pune, various things have to be considered while buying a shop for sale in Pune. Here are some of the areas that should be focused on:
Many people dream of owning their own business, but most don't realize how different a shop is from a franchise. They think they can cut corners and it won't cost them. One common misconception is that it's cheaper to buy a shop than to start a new business. But there are several hidden costs with shop purchases that need special attention, especially when trying to time the purchase properly.
The timing of your investment is probably the most important decision you will make, or at least it is if you are a humble sort prepared to wait for real returns. If you buy the shop at the wrong time you could be waiting a very long time for success, and in the interim, there will be ample opportunities to turn around and sell it back to someone else.
Buying a shop might seem like a very complicated process, but it is very simple. Once you know what to look for, it's no different from buying any other type of product.
The most important factor in deciding on a shop is the location. Don't buy a shop in an area you wouldn't want to live in. Getting a good location wrong means having to work harder or raise your prices to make it pay, and means losing customers to shops in better locations. The other things you should look at when buying a shop (size, price, seller, traffic flow) are all secondary considerations once you have decided on the location.
So there are serious problems with the different options for funding. The conclusion is that you may need to consider buying a shop and financing while you are purchasing the business. An ideal situation would be to buy outright but often this is not possible, so we have to find alternative ways of raising finance.
You could go to the bank, but if you're in for the long haul you'll have to pay the bank back with interest, which will be added to your rent. If you buy on credit from a supplier, your business will be paying twice: once for the goods and once for the debt.
These elements should be included in your search while buying a shop for sale in Pune. Besides this, there are other small factors that you can add to the list.
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