Almost every retailer wants to revamp the look and feel of their retail store from time to time. However, retail shop renovation is not an easy job. Just because you have a new idea doesn’t mean you can immediately start working on it. There are a number of things to consider before taking the plunge. For instance, you may want to ask yourself how this renovation project would impact your bottom line or whether this is the right time for office renovation in Singapore. Without further ado, here are some major things you should consider for retail shop renovation in Singapore.
Return on investment
As with any investments in life, you should carefully consider your ROI before shelling out your hard earned money on retail shop renovation. Consider how much increase in sales you can expect after the renovation. How long will it take to recoup the amount you’re planning to invest?
Depending on the scale of your project, you may need to keep your retail store closed for days or weeks during renovation. It is important to ask your contractor exactly how long it would take. You can calculate your losses due to downtime and decide accordingly.
Is the layout practical?
Planning an innovative design is one thing, and bringing that idea to life is another. Talk to your contractor to know whether your plans are practical. For instance, you need to understand the difference between load bearing walls and partition walls. While the latter can be easily removed, replacing a load bearing wall could be a costly affair.
Will your customers love the new design?
Most retailers would decide on their retail store designs on their own. However, it would be a good idea to involve your employees and even customers in the decision-making process. For instance, you can conduct a survey among your loyal customers before making a final decision.