How to Select a Shopping Centre Location?
Shopping malls are different than downtown and local business strips. The location is decided upon by the developer. Most malls have on-site parking incorporated into the layout. The shopping mall is convenient for the customer in the sense that they drive, park, and shop. In many places, contingent on climate, the shopping centre is heated and enclosed.
Shopping mall management looks for successful retailers, yet at the same time many malls will allow for a new business venture. If you have a quality business plan, you will most likely get accepted into a mall. Some malls have waiting lists. Very often, you have to disclose your financial backing. When you are looking to secure a mall spot, you have to convince mall management that you can offer something unique to the mall that they truly need that will add to the mix of vendors in the mall. Small malls typically do not want to have two businesses directly competing. A small mall will probably only want one electronics store, even if there is already a cosmetics store in the mall, the customizable feature makes it stand out above other vendors in the industry
Shopping mall management looks for successful retailers, yet at the same time many malls will allow for a new business venture. If you have a quality business plan, you will most likely get accepted into a mall. Some malls have waiting lists. Very often, you have to disclose your financial backing. When you are looking to secure a mall spot, you have to convince mall management that you can offer something unique to the mall that they truly need that will add to the mix of vendors in the mall. Small malls typically do not want to have two businesses directly competing. A small mall will probably only want one electronics store, even if there is already a cosmetics store in the mall, the customizable feature makes it stand out above other vendors in the industry