Barry is giving a webinar December 12th for IFMA. From IFMA's Real Estate Advisory & Leadership Community: Register Here.
Presenter: Barry Lynch CFM, SFP, RA, MBA, IFMA FELLOW Join us for an informative session with Barry Lynch of Labarre Associates, Inc. where he will explain how he has leveraged his background in Real Estate, Architecture and Corporate Planning to develop a process which he will share. A “Real Estate Location Analysis” template and a “How to Develop a Branch Location Strategy White Paper” will be provided to all attendees.
Financial Institutions and Retailers are faced with similar Facility Management Challenges for their networks of small, widely spaced locations. A hot topic in today’s rapidly changing business environment is the Branch or Store of the Future and as Architects and Real Estate Consultants, the team at Labarre Associates has observed a significant gap in many firms’ analysis of their retail network; the tendency to rely heavily on sales/profitability trends or demographics while several critical facility questions are often not addressed:
What is the Facility Renewal Liability for each location and how much should we be spending on Renewal?
What is the cost to address Functional Obsolescence over and above Facility Renewal at each site?
What is the limit for capital investment at each location and what information do we need to be able to do the math?
In addition to developing investment guidelines for each location, the network as a whole should be re-evaluated using a retail location analysis tool and a network strategy (which will be explained). Finally, the frequent re-evaluation of the network as a whole should be addressed on a periodic basis due to on-going competitor Store and Branch closings that open the door to a financially beneficial relocation, which could be missed if your team is sitting pat with the existing network. Networks can always be improved, but opportunities can be missed if the re-evaluation process is not re-visited frequently.
Tuesday, December 12, 2017, 10:00 am Central Daylight Time