A growing business needs a place to produce, manufacture, and assemble the products they offer. Thus, the need for a factory or warehouse is a must. The biggest challenge faced by many business owners is not having enough money to build their own warehouse. So, most of them resort to warehouses and factories for rent Chonburi (โกดังและโรงงานให้เช่าชลบุรี, term in Thai). While some see it as an additional expense, what they don’t know is that there are many benefits associated with renting a factory, and we will discuss some of them in this article.
· More available capital
With renting, you don’t need to shell out a huge amount of money for your factory or warehouse. Yes, you will still spend money, but it is not as huge as building a factory from scratch. The money you save from renting a warehouse can be allocated to other aspects of business, such as purchasing new machines, inventory, and business expansion.
· Tax deductions
Don’t you know that you can lower your tax obligations by renting a warehouse? Yes, you will be able to enjoy a huge tax benefit from it, although, the exact percentage of tax-deductible varies from one place to another. If you are running a business, any amount of tax deduction is a big help.
· Be able to save money on repair and maintenance costs
Highly reputable property rental companies conduct regular repair and maintenance and you, as a renter, don’t have to worry about keeping things in the warehouse in order. The warehouse will do all the necessary upkeep for you, so you can focus more on other aspects of your business. Not only will you be able to save money, but also time, as time is gold.
· Flexibility to expand and move your business
As your business grows, there will be some changes along the way, and most of the time, it includes having a bigger warehouse or making room for new machinery to improve productivity. Just imagine if you own the warehouse and there’s no room to expand it. Your next best option would be to build another warehouse from scratch, which would cost you a lot of money.
You will be able to prevent this scenario if you opt to rent a warehouse from the start. You can stay in the warehouse for as long as you benefit from it. If the time comes that your business needs a bigger warehouse, you can easily go on and search for a bigger warehouse. The hunting process will require time and effort, but it does not cost that much when compared to building another warehouse from scratch.
Renting a warehouse might not be your first option because you feel like you are spending money on a property that will not be yours in the long run. However, if you consider the greater flexibility it offers to your business along with the other advantages mentioned above, you will, later on, realize that renting a warehouse is more reasonable than owning one.