Store Space Utilisation
Increasing the realised margin and cutting costs is essential in running a successful retail chain. Occupancy costs account for the largest proportion of store overheads. Many occupancy costs relate to the total space that is leased, not just the trading space.
Making efficient use of the total leased space and increasing your store profitability, may require co-operation between tenant and landlord. When the space released can be used for trading by another tenant, the landlord is likely to be interested. He gets another unit and the retailer gets a more efficient trading space.
The starting point is to obtain a benchmark of space conversion, so that inefficient stores can easily be identified. The benchmark will be confined not only to the portfolio but will also include other retailers in the same merchandise category.
Contact us on 01494 474740
or alternatively
FSP information and face-to-face presentations have been instrumental in getting retailers to consider schemes which they would not otherwise have done and this has been successfully converted into lettings which would not have happened in a number of instances.
Roger Fulford
Director,
Munroe K
