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business location

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Introduction

Business Location The success or failure of a business frequently depends on its location. The right location will increase the chance of a business succeeding. The wrong location could increase the chances of a business failing. The amount and cost of land clearly depends on the business's choice of location, but so do things such as the nature of land. Businesses like oil refilling and superstores need large, flat sites, which can bear heavy loads and have a lot of open space. A site in bad condition needs more money spent on it and local planning restriction must also be considered. So either way it is nearly the same amount spent. The businesses I am investigating are McDonald's and Tesco Mc Donald's is located in the high streets of Lewisham: This is a good location for McDonald's as there are houses, schools, a shopping centre and other businesses nearby which means that there are a lot of customers for the business. There is one more factor about this area. There are a lot of shops and leisure centres, shopping centres, cinema and fitness clubs. So McDonald's customers could visit there after they've had a great meal. Lewisham East Population All people 86574 Males 42149 Females 44425 Non-White Population 43.36% Limiting Long-term Illness 14.34% Moved into the Constituency in the year to 29/4/01 9.88% Lewisham East Employment Persons aged 16-74 64874 Employed 57.91% Unemployed 6.45% Economically inactive 31.2% With no qualifications 22.95% Lewisham East Households No. ...read more.

Middle

Factors which affect the price of land will include such things as proximity to good road and rail networks, nearness to cities, towns or ports, or the general demand for land in the area. Offices or Headquarters of organisation which may not need so much floor space are prepared to pay the higher prices which town or city centre premises attract. If the area is popular as a location for both housing and industry, land prices will be considerably higher. For example these two shops are located in the same place Lewisham. LEWISHAM HIGH STREET, SE13 The property is located on the very busy Lewisham High Street. RENT �25,000 PA EX LEE HIGH ROAD, LEWISHAM, SE13 RENT �15,000 PA EX These two shops are about the same size but they cost more than each other. The first shop's rent is �25,000 PA EX and the seconds shop's rent is �15,000 PA EX this is different because the first shop is located on the high street this is near a shopping centre this means there will be more customers. The second shop is located on lee high road this is a place were people live and there are not lots of shops around so this means less customers. Raw materials and the Market Firms dealing with perishable goods, such as canning and freezing firms, need to be near to where the goods are produced, in order to save money. ...read more.

Conclusion

Local colleges may run industrial courses relating to theses organisations. There may be a local trade association which benefits many of the owners. In such cases, there is little impetus for a business to relocate to be on its own somewhere else. In other cases relocation becomes essential. For example Cornish pasties are originally made from Cornwall so people that buy Cornish pasties will like the fact that it is made from Cornwall and they wouldn't want to buy a Cornish pasties that is not made from Cornwall. Financial aid from the government This is given to some business to locate in some areas. The European Union and the government are concerned about such inequalities. They would like all regions to be equally prosperous. For sometime in the UK there have been assisted areas. There are areas of Britain where regional aid may be given under European community law. Regional Selective Assistance {RSA} is the main form of such aid in Britain. This is a discretionary grant awarded to support a project which will stimulate employment opportunities, increase regional competitiveness and improve prosperity. The McDonald's in Lewisham does not need a financial aid from the government. And the tesco's located in Brixton will need financial aid from the government because it is not located near an area were people are for example it is not located around shopping centres. Titilope Awofisayo {Debbie} ...read more.

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