Calculate Business Relocation Costs
Calculating the cost of your business relocation requires strategic planning and attention to detail. Once the planning of your business move is well underway, it's easy for costs to slip through, particularly if they are not budgeted for. By taking the time to establish a clear and realistic Business Relocation Budget right from the start, will help to prioritize your spending and ensure your office move is carried out within budget. Below is a handy guide to help you establish how much your business relocation is going to cost, and establish a working budget:
1.Download the Business Relocation Budget Planner and save a copy to your desktop.
This will be your working budget throughout the move that you can customize and keep up-to-date.
2. In any business relocation, there will be one-off costs (such as office design, build out and migration costs) as well as ongoing monthly costs such as office rent, permits, taxes, ongoing maintenance of the property.
One Off Costs
You will find the majority of one off costs listed for you in the Budget Planner. You just need to start getting estimates for the various services and providers to give you an idea of your overall costs.
Monthly Costs
If you are moving to bigger offices, you may need to factor in an increase in your monthly costs relating to office rent and ongoing maintenance. Use the Office Space Calculator to work out your space requirements based on the number of employees and facilities you'll be needing in your new office.
3. Perform an inventory of all equipment and office furniture you have.
This will enable your Office Moving Company to provide an accurate estimate of moving those items you are taking with you. It will also help establish a list of items you may need to purchase new. Get estimates for these and list them within your Budget Planner.
4. Determine any miscellaneous costs that may be incurred in the relocation.
These may include reprinting of your letterheads and business cards to reflect your new contact details. New signage, Change of Address letters, and publicity.
5. Get estimates from the various Office Relocation Professionals you will need to help your business relocation run smoothly.
These costs will include Lawyer representation fees, Office design fees, IT relocation fees and Moving Company costs.
Your business relocation budget should be taking shape now, but things are bound to change, as will your requirements, but using the Budget Planner is a working document that you'll need to up-date and edit at various stages throughout your move. Download the Business Relocation Budget Planner for free here.
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