Intro
The manufacturing sector is growing at an ever increasing rate year of year. In order to accommodate this growth, many production facilities need to know what their options are in order to quickly increase their workspace. In the discussion below, we cover (3) of the the top options as well as the pros and cons to each option. We hope that by reviewing this, you’ll gain the insight you need to make a wise decision in the right direction for your company growth!
Building a new building or adding on to your current building
Pros: When you build a new building or add on, the possibilities are wide open. The space you get is limited only by your budget, and location.
Cons: This is probably going to be the most expensive option. Even a small addition can cost a lot of money. More importantly is the price in time. Taking several months to build the right building can cost a business months of lost revenue that they would have made if they had a faster solution.
See Also: New Construction vs Mezzanine Infographic
Buying an existing building
Pros: Faster than building or adding on. It’s also not as expensive as building a whole new building.
Cons: While it’s not the most expensive option, it can take a lot of time and effort to find the right building to buy. You will also be limited by location, and by size of the building you’re looking at. If you just need a couple thousand additional square feet, you might not be able to find a building that fits your needs and is close enough to make it a reasonable purchase.
Installing a Mezzanine
Pros: The most affordable option of the three. Also the quickest to set up. Most likely the least expensive depending on your needs. Also they’re removable so if your business grows large enough to require a new building, you won’t be out a mezzanine.
Cons: While they are fast and inexpensive, sometimes your space needs are too great for your current space. Mezzanines are a great option for adding more storage space, office spaces, or anything else that’s similar. If you need more of a specialized area, such as a new shipping and receiving dock, then a mezzanine will probably not be the best option for you.
Conclusion
As you can see, mezzanines are the best solution when you need more space very quickly and when you want to be smart about your company’s growth.
Sometimes it can be a little difficult to estimate your mezzanine needs. To get a proper estimate of your needs and cost you can contact PWI.
PWI excels at helping its customers get what they need, and the quotes are free.
If you want to expand your business in a way that will save you money and time, a mezzanine could be the best choice for your business.