Is your business being condemned through eminent domain?
Many studies are performed because of eminent domain condemnation. The land is required for a new freeway, a local redevelopment district, or other government project which dictates relocation of an existing business.

Are you relocating due to loss of lease?
Relocation may be necessary (or desired) for numerous reasons-- loss of lease, rent increase, new owners, or changes in other business conditions.

Has your trade area deteriorated?
Over the years, a trade area that once flourished may deteriorate into an undesirable business climate. The population demographics may have changed, and the only way to regain suitable clientele is to move to a new trade area.

Are new trade areas creating better opportunities?
New developments or growth in other trade areas may create new opportunities so appealing that moving is worthwhile. MJBA can evaluate those opportunities and advise you of the new potential.

Are you seeking larger/better property for expansion?
In the life cycle of a business, expansion of physical property may become necessary to accommodate company growth. The nature of the clientele, sales opportunities, goodwill, and other factors should not be jeopardized for the sake of extra room. Favorable conditions must exist in order to sustain company growth. MJBA can find the most comparable site for your relocation:

• Analysis of physical site parameters and trade area characteristics
• Review of historical business operating conditions
• Determination of relocation requirements and considerations
• Analysis of existing goodwill factors and potential for reestablishment
• Investigation and identification of comparable sites for relocation
• Preparation of Relocation Study Report--documents existing business environment and requirements for relocation
• Expert witness testimony