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Obrázek autoraakinABRAHAM & ASSOCIATES LTD
13. 6. 2021Minut čtení: 1

Retail Business Location Criteria

Retail business expansion and rollouts are becoming more difficult since the pandemic broke out in November 2019; as a result of global lockdown and travel restrictions, social distancing, supply chain and demand pressures, job losses, social distancing, misalignment of real estate assets and general market uncertainty.


Selecting the right location with competitive advantage and optimum effect for retail businesses requires a thorough, accurate and detailed pricing of all criteria in order to properly plan and budget for profitability, scaling, and acceptance of risks and returns.


The following represents retail business location criteria and pricing across the geopolitical zones in Nigeria from Q32020 to Q12021:


1. Base Rent - $264/sqm

2. Incidentals - $306/sqm

3. Manpower - $30/sqm

4. Energy - $86/sqm

5. Product - $562/sqm

6. Technology - $47/sqm

7. Sales -???

8. Location (profit) -???


@akinABRAHAM & ASSOCIATES, we have consistently delivered market insights, location pricing and opportunities to brands, retailers and investors who are seeking increased value in owning, occupying and investing in the Nigerian real estate markets.


Let's have your retail business expansion and rollout plans. Talk to us at +234 806 877 4629, aabraham@akaa-ng.com and www.akaa-ng.com


***

*retail space measurement and pricing at per sqm.

**forex at CBN market rate as dated.

***grocers, pharmacies, fashion & beauty, foods, accessories, payment points, sports, healthcare, e-commerce, etc.




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