Choosing the right location for a new factory will have an impact on your company. The profitability of the company and the effectiveness of the operations would both be significantly impacted by the rental property. Whether you are renting a property, choosing the ideal location will assist your business to better serve your clients’ demands.
Rent
The most crucial element that one must take into account is rent. Because there are occasionally other hidden fees in addition to the rent, it is crucial that you take into account every expense included in the lease. For instance, some landlords might impose fees for outdoor spaces, common fees, or utility surcharges. Other unstated expenses can be included in the low leasing price.
Availability of paid skilled labor
The local population determines the wages and skill levels of the workforce. The best skilled workers for the factory for rent Samut Prakan (โรงงานให้เช่า สมุทรปราการ, term in the Thai) are typically found in particular areas, specifically in provinces with a high concentration of industry. Therefore, it is crucial to focus on the location when establishing your factory or warehouse because it is there that you will most likely be able to hire skilled personnel at the most affordable price.
Highways, motorways, and transit
Depending on your business, the ideal site for your factory or warehouse should have good access to major roads, highways, and other modes of transportation, such as the sea, rail, or air. Business logistics strategies and expenses would be directly impacted by the site location.Transportation could take longer than necessary, and you might lose out on preventable expenses like fuel, time, and accidents if the roads are in bad shape.
Situated close to seaports, train stations, and the airport
Your company’s reliance on imports and exports would be another consideration when evaluating a factory or warehouse for leasing. The location of your plant or warehouse would depend on the import-export routes for raw materials and products. Your expenses and travel time may be significantly impacted by the property you choose.
The local marketplace and its surroundings
Markets, manufacturers, and suppliers are important factors that determine a company’s success in the business world. To cut down on transportation time and expenses, your rental factory or warehouse should be close to the manufacturers or your most important client. Additionally, taking into account local environmental elements like weather and the likelihood of natural disasters would be beneficial. When determining the likelihood of earthquakes, floods, and other natural calamities, it might also be useful.
Future modification and extension potential of the property and utility costs
Relocating should be your last option if your firm is successful. Relocation expenses, machine relocations, new logistical and distribution modules for your goods and resources, and hiring additional personnel are just a handful of the numerous pressing issues you must deal with.
You should have enough space in a rented factory to handle any future expansions. It should be adaptable enough to accommodate both your company’s expansion and shrinkage. Regardless of whether your selected factory aligns with your future company plan, you should consider the property’s long-term viability.
