Commercial Moving Cost Estimator

Commercial Moving Cost Estimator

There are a number of reasons why a business might choose to relocate:

  • To be closer to their clients. If businesses find themselves spending unnecessary time and money on travelling to their clients, they might consider relocating to be closer to them.
  • To access a new market or demographic. Another area might open the doors to a new demographic if, for example, it is more affluent.
  • To reduce the cost of running your business. For example, taking your business outside of London could reduce running costs.
  • To expand, by finding a larger building that’s better suited to your growing business needs.
  • Because of workforce issues. You might want access to more highly specialised professionals, who might be lacking in your current area.

But there are a whole host of factors to take into account when undertaking a commercial move. The prices add up, with commercial movers being expected to pay stamp duty, VAT and contents insurance, among other things. Before making a move, businesses should first understand the cost implications of such an endeavour, so that they can budget accordingly.

It is worth noting that different commercial moves will incur different costs. A commercial move is typically associated with an office move, but it can be any kind of business relocation. It could be for the relocation of a restaurant or shop. With this in mind, the scale of the moving operation can vary enormously.

To calculate the costs of your relocation accurately, you should follow these steps carefully: Firstly, be sure to assign someone to manage the relocation. This position should include responsibility for budget creation and management, as well as working with suppliers, vendors and landlords to ensure that everyone is on the same page and understands how and when the move is going to happen.

Next, devise a list of all the necessary steps associated with relocation. This could include liaising with estate agents and landlords.

  • Following this, you should establish contact with the moving company and acquire a quote, taking into account all other moving costs including: cleaning of the current premises, stamp duty fees, insurance for the move, premises survey, VAT, contents insurance and solicitors costs.
  • These aren’t the only costs. You’ll also want to contact all suppliers and determine early termination costs, if applicable, as well as any disconnection or connection fees.
  • Then work out if you need any new equipment or furniture and take these costs into account.
  • Figure out space-related costs of relocation, including down payments / deposits, broker fees and early lease termination fees.
  • Create an inventory of all the furniture and assets you’re taking with you, and then get a precise quote from a moving company, ensuring that there are no hidden fees.
  • Calculate how many hours of work will be lost, and how much time spent moving will cost you in terms of sales lost.
  • Once you have acquired all of this information, compile it in a spreadsheet as an official budget. If any prices change, or you discover unexpected fees like being required to pay for repairs at the previous premises, then update the budget accordingly.

It is crucial that you work closely with your removal company to devise an accurate budget for their relocation services. Make sure that they have visited the premises and taken stock of the requirements of the move themselves, to ensure that the quote is accurate. For a London relocation company with a gold-standard approach to commercial relocations, M25 Movers is for you. For more information on our services and how we can help you, contact us and we can discuss your needs.

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