5 Advantages of Non-Mall Locations for your Business
For most businesses, the ultimate site location is the mall. If your business has a branch located at the mall, the immediate thought or reaction of customers is that your business must be reliable and flourishing big time.
There are really good reasons why in-mall locations are in demand. First, foot traffic is extremely high. You will not worry if there will be customers who will see your brand and buy from your store because most probably, there is.
Second, the security is established since malls are well guarded by excellent security systems and well-trained personnel. Finally, in this time of pandemic, the malls have become more accommodating in terms of rental discounts.
However, looking at non-mall locations also opens up unmissable advantages.
Five reasons to go non-mall
1 | Longer / more flexible operating hours
Businesses in non-mall locations have the liberty to set their own operating hours as long as they are following the local community protocols. Meanwhile, malls strictly abide by their open hours and businesses located at the mall have to follow or adjust their time and operations accordingly.
2 | Cheaper rent
For a kiosk size business, the rent could be as low as Php 10K, or even Php 5K – 6K in some provincial areas. Moreover, there are usually no other additional fees on top of the rent charges when you go for non-mall locations. This means that businesses opting for non-mall locations can save up in terms of rent.
3 | More lenient on approvals
Non-mall locations are usually faster when it comes to approving rent applications. Some businesses can even open their store as fast as two weeks from the approval date. This allows businesses to immediately start selling their products and serving their customers and the community.