Tenant Improvements
Determine how to optimize cost & timing
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 such as SCG with the expertise to integrate and handle all of the phases of a build-out process, the business owner will avoid potential pitfalls, delays, and unforeseen costs that cause frustration and headaches along the way.
Find opportunities to generate new revenue
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.
Get help managing your budget
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). It’s imperative to ensure that you are not missing any important considerations from your overall budget.
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.
Our team handles the stages of 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 is 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.
General
construction
On-site
supervision
Project
management
Subcontractor
coordination
Real-time
communication
Cost control management & accounting
Security & safety programming
Drawings review & submittal
Helping you stay 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.
SCGWest utilizes a proprietary Project Closeout Checklist that provides our clients with peace of mind and organization for project-related documents. This includes product and equipment manuals, warranties, special equipment trainings and maintenance practices, project contacts, As-Built drawings, contract copies and payment releases to name a few.
- Substantial Completion
- Equipment Procurement
- Furniture Procurement
- Certificate of Occupancy
- Punchlist
- Final Completion
- Project Closeout
Industry insights
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.
