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This month we focus on renting premises for your business, and we meet Leisel Petrie and Wouter and Tammy du Plessis, our latest square pegs.
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When renting a premises makes sense

There is a certain allure to owning your own business premises that tends to skew the decision of whether to buy or to rent in favour of ownership – security of tenure, the freedom to chop and change the structure, the growth of the value of the property, and, often, the stature that property ownership seems to add to business achievement.

But ownership of business premises is not always the better option. Depending on the circumstances of each business, renting can sometimes the wiser choice, says Stanton Naidoo, chief operational officer for property management at Business Partners Limited (BUSINESS/PARTNERS).

As with most business decisions, it starts with comparing the costs. This seems simple enough, but make sure to add in all the costs of ownership - the monthly installment of a bond, insurance, rates, maintenance and all other operational costs such as cleaning and security. All of these, compared to the monthly rent and tenant levies, provide the basic choice in its simplest form.

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Seven things to consider before signing a lease for business premises

For many entrepreneurs, signing a lease for their first business premises marks a seminal moment in the growth of their ventures. After months or years in the home or garage, it can seem like the first real step into the business world. It is often also one of their more substantial deals which, if they get it wrong, can cost them many tens of thousands of rands.

Sadhna Maharaj, regional property manager at Business Partners Limited (BUSINESS/PARTNERS), offers the following checklist for business owners who are about to sign a lease.

1. Location

This, as everyone knows, is the most important aspect of any property. A prospective business tenant needs to consider how easy the site is to access for clients, workers and suppliers. Manufacturers often need to prioritise accessibility for bulky delivery vehicles, labour intensive businesses need good public transport close by so that workers can easily reach the premises, and almost nobody envies the retailers’ task of making sure that their premises is super-accessible for just the right clientele.

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May 2017 / Vol.8.5

IN THIS ISSUE:

Lifestyle change leads to incredible journey

It has been ten years, almost to the day, since Leisel Petrie opened her day-care centre in Newton Park, Port Elizabeth, with one child and one teacher. Today, her Incredible Kids Day Care has grown into a fully-fledged preschool with 220 children and 40 staff members.

Raised by a single working mom in the municipal flats of East London, Petrie had no inkling that she would one day not only run her own thriving business, but also pioneer a nurturing environment for hundreds of children of working parents.

Growing up, she never had the confidence to even think of starting her own business, says Petrie, who went straight to work after school as a general office assistant at a stationery company. She moved to Port Elizabeth when her husband was transferred there by the professional services firm he worked for. She did a bookkeeping course, but still only with the aim of advancing in the workplace.

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Plucky entrepreneurs not scared of steep learning curves

With nothing more than a laptop, a website and lots of chutzpah, Wouter and Tammy du Plessis managed to land an R1.6m contract for the supply of tents, launching their fledgeling events management company into a business success.

In 2010, the recently married Johannesburg couple had both resigned from their jobs to go into business together. Tammy was a psychology graduate who had cut her teeth in the events management industry. Wouter had been working as an electronics salesman and then as a manager in his mother's small lubrication business.

Both were in their early 20s and “probably didn't know any better”, says Wouter, when they set up So Where 2 Events at home. Apart from their boundless optimism, they had one thing going for them: Google Ad Words.
 

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Unit 10, Buffalo Thorn Industrial Park
Rustenburg

Property type: Industrial unit

Location: Unit 10, Buffalo Thorn Industrial Park, Nr 56, c/o Van Belkum & Kock Streets, Rustenburg

Size: 254m²

Rental: R12 700

Availability: Immediately

Features: Water supply, cleaning, waste removal.

Contact:
Valencia Tshidi
079 011 9191
vtshidi
@businesspartners.co.za




 

Ekhaya Centre, 2223 Mncube Drive, Dube
Soweto

Property type: Office space

Location: Ekhaya Centre, 2223 Mncube Drive, Dube, Soweto

Size: 68m²

Rental: R4 420

Availability: Immediately

Features: Water supply, cleaning, waste removal, air conditioning, geyser (hot water).

Contact:
Siki Ndlovu
076 623 9987
sndlovu
@businesspartners.co.za



 

Montana Mini Units
Pretoria
 

Property type: Retail space

Location: Montana Mini Units, Calliandra Street, Montana Park Ext 91, Pretoria

Size: 347m²

Rental: R22 555

Availability: Immediately

Features: Boomed access, electric fence, kitchen, ablutions, water supply, cleaning, waste removal, geyser (hot water), receiving area.

Contact:
Zelda Coetzer
083 289 1748
zcoetzer
@businesspartners.co.za

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