What should I check about a furniture store’s lease, showroom layout and loading dock?
Read the lease with the business in mind. Check whether the space suits large pieces, whether trucks can actually load and unload, how renewal works and who is responsible for repairs. A showroom that is great for display but awkward for deliveries will cost you daily.
Walk the space with a tape measure and a delivery in mind. Check doorway widths, ceiling heights, floor strength and how furniture gets from truck to showroom. Look at the loading dock: is it shared, how many trucks can use it at once, and what are the restrictions on hours? Ask the staff what goes wrong.
Study the showroom layout. Does traffic flow past the best displays? Is there room for staging, lighting and the customer service area? Ask the owner whether the layout has changed and what difference it made to sales. Estimate what a renovation might involve.
Then turn to the lease. Ask about the term remaining, renewal options, rent changes, extra charges, repair duties and whether the landlord must approve a new owner. Ask your lawyer to read it before you commit, and speak with the landlord early about transferring the lease. Check parking and signage too. Consider safety and accessibility as well. A cramped aisle, steep ramp or poor lighting may matter in a showroom full of large pieces. Ask about insurance claims and any damage from deliveries. Also check what changes the landlord allows, such as new signs or loading equipment. Make a list of questions for the landlord and bring it to every meeting.
Key takeaways
- Measure doors, ceilings and the dock, then picture a real delivery.
- Walk the showroom for flow, lighting and display space.
- Ask your lawyer to review the lease and landlord approval.
Related reading
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Sources
This answer is checked against primary sources. Links were last confirmed on the dates shown.
- 01Business Development Bank of CanadaGovernment13 terms you need to understand before signing your commercial real estate lease
- 02Federal Economic Development Agency for Southern Ontario (FedDev Ontario)GovernmentUnderstanding your business lease
- 03Business Development Bank of CanadaGovernmentHow to conduct due diligence when buying a business
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