Purposefully Effective or Habitually Ineffective
Review THE BUILD-OUT PROCESS
When deciding to open a new retail, restaurant or medical clinic location, it is a good idea to review whether the current build-out process is purposefully effective or habitually ineffective.
Transforming newly leased or acquired properties from their current condition to a “open-for-business” state is often the single most important (and expensive) event a business will ever undertake. Therefore, corporations, investors, startups, franchisors, and franchisees all have a stake in the speed and success of the total build-out tenant improvement process. It’s important to understand where improvements will help optimize costs and timing for all involved. Similar to planning a large event such as a wedding, to get a new location open for business requires careful planning and oversight.
When an expert handles the process, the results will save time and be more cost effective in the long run. However, business owners often attempt to complete the build-out themselves and may not understand how interconnected all of the phases are to one another. Combine that with juggling multiple service providers within tight timeliness and it is the perfect recipe for a delayed project with unexpected cost overruns.
By utilizing a group with the expertise to integrate and handle all of the phases of a build-out process such as SCG, the business owner will avoid potential pitfalls, delays and unforeseen costs that cause frustration and headaches along the way.
Retail and Restaurant Development Management
The Improved Buildout Process
The following guide will identify why build-outs tend to run off course during the process and proposes alternative methods of completion to the status quo.
Generate New Revenue
Renovations & Refreshes
According to the National Restaurant Association, it is beneficial for retail stores and restaurants to do some kind of renovation every five to seven years. Why you ask? Money!
Renovations, Refreshes, and Remodels attract new customers which in turn generate new revenue… which equates to, MORE revenue. For example, a simple bathroom remodel in a restaurant can see an uptick of 7% in sales. A major interior remodel, 20%, and a complete brand refresh? Well, you better hire additional staff. Numbers don’t lie. There are many components to a successful renovation, but there are two very important aspects that are often overlooked:
It all comes down to profit whereas knowing how much more revenue you will generate is key. Consider all of the financial factors (your cash flow- whether you’re securing financing, whether you’re going to close down and for how long)- then decide ultimately how much you can afford to spend on a remodel.
More so, for instance the bulk of a restaurant’s fit-out costs relate to the kitchen. When coming up with a construction budget, this budget will consist of soft costs (architectural design and engineering), hard costs (demolition, framing, electrical, plumbing, etc.) and FF&E (seating, lighting, equipment).
If you are doing a complete overhaul, you want to make sure you are financially prepared. Also, if your renovation involves changing the layout of the space, or updating the kitchen, you’ll need to be sure your electrical, plumbing, water lines, heating, HVAC and lighting are all up to code. This is where a professional comes in to make sure that these jobs are done safely and within legal requirements for your area.
Focus on your Core Business
While we Handle Construction
Construction disruptions can be costly for any company – no matter the industry. The SCGWest Development process goes through defined stages of completion resulting in a quality that surpasses industry standards.
We believe in doing things the right way and not the easy way. It is our job to not just deliver successful outcomes, but also a smooth, enjoyable process that respects project owners’ investments. We have carefully crafted and perfected all of our construction processes, guided by our commitment to our clients’ success and drive to continually leverage the best practices, materials, equipment, and technology available. Our custom-tailored quality assurance program, impeccable safety record, and award-winning team members are just some of the reasons that 85% of our business comes from repeat clients.
Your confidence in our skills are essential. Our processes ensure compliance, proper document control, and enhance the owner's investment in the project. We set the project up for a successful outcome – on time and on budget.
Items we take off your plate
Pushing your project across the finish line
Occupancy & Close Out
Helping you Stay Organized and Open for Business
Once construction is complete, there’s only a few more items to check off the list before we can hand over the keys and you can open your doors to the public. The post-construction phase of a project is a process, consisting of contract administration processes and the completion of any remaining miscellaneous work. This stage is often referred to as the closeout process and has its own set of milestones.
Completion Milestones
We Turn Your Vision Into A Reality
The key strength of SCGWest is the quality of the individual team members and the ability to form a team perfectly suited to any project with knowledge, competency, and experience unrivaled by our competitors.
Client Success Stories
Examples of how awesome we really are.
Sign Up to Receive Information
Relevant development information specifically for your needs.
Industry Insights
The latest news and trends from our acclaimed industry experts.
CheckList for Opening a New Restaurant, Retail, or Medical Clinic
Checklist for Opening a New Restaurant, Retail, or Medical Clinic Whether you are in the restaurant, retail, or medical sector, opening a new location requires many tasks. Although the amount of tasks is most staggering to first-timers, the demands of […]
Future 2021 Trends facing Restaurants, Retail Centers, and Medical Clinics
Future 2021 Trends Facing Restaurants, Retail Centers, and Medical Clinics After such an unusual year, business owners are wondering what to expect in order to prepare for the new year. Below are some insights into trends stemming from 2020 and rolling […]
What is a punch list and why is it necessary?
What is a Punch List and Why is it Necessary? In last week’s insight, we briefly mentioned that when qualifying a General Contractor, owners should find out what the contractor’s punch list and closeout process looks like. For this week’s […]
CheckList for Opening a New Restaurant, Retail, or Medical Clinic
Checklist for Opening a New Restaurant, Retail, or Medical Clinic Whether you are in the restaurant, retail, or medical sector, opening a new location requires many tasks. Although the amount of tasks is most staggering to first-timers, the demands of […]
How Long Do You Spend in a Drive-Thru?
Since the beginning of drive-thru operations in the 1970s, the drive-thru concept has become a widespread phenomenon in the fast-food industry. Have you ever thought about how much time you spend in a drive-thru? The average drive-thru wait time is […]
Your Restaurant Start Up Guide
Opening your new restaurant can be a dream come true. However, starting a restaurant takes more than just the startup cash. It takes hard work and knowledge about the restaurant business. There are many steps in starting your brand-new restaurant, […]
CheckList for Opening a New Restaurant, Retail, or Medical Clinic
Checklist for Opening a New Restaurant, Retail, or Medical Clinic Whether you are in the restaurant, retail, or medical sector, opening a new location requires many tasks. Although the amount of tasks is most staggering to first-timers, the demands of […]
Top 7 Real Estate Tips for Profitable Medical Clinics
As healthcare delivery continues to shift in an outpatient setting, the volume of new medical office development continues to grow. More so, it is increasingly common to see healthcare providers take space in smaller community retail centers near hospital campuses […]
CheckList for Opening a New Restaurant, Retail, or Medical Clinic
Checklist for Opening a New Restaurant, Retail, or Medical Clinic Whether you are in the restaurant, retail, or medical sector, opening a new location requires many tasks. Although the amount of tasks is most staggering to first-timers, the demands of […]
Tenant Allowances: What To Know
Tenant Allowances: What to Know Improvements to existing commercial spaces can be very costly. Whether you are receiving a tenant allowance or offering one, it is crucial to know the ins and outs. When a landlord offers upfront funding, it’s […]
Top 4 Myths About Design Build
Top 4 Myths About Design Build The design build process is known to get the job done with simplicity and in a timely manner. One study concluded that design-build projects complete 33.5% faster on average than design-bid-build projects. The design […]