Well that depends. If you have an office in the city then there would be no problem. Any office where people are required to come should be near by public transportation. If you have an online business then probably it wouldn't be important.
Are you talking about a retail store or online shopping web server location. In both the cases location does matter. In online, Google tracks the website and serves as search results based on several factors, web server being one of them.
We are in the mailing services business. we need premises that are large, close to the city, couriers and printers, and close to Australia Post for mail lodgement. So I suppose it depends on your business but location is important for us.
Location tells you how well your business performance will be it can determine the success of the business e.g. if the business was based in the city centre where there will be lots of people haha dis is fuuny. But one thing is for sure; location alone doesn't matter, I know few business persons who brought business up with good promotion tactics, good maintenance of relationship with clients. Edward de valle is one those. Edward De Valle’s AMGW has a multitude of prestigious clients and has been felicitated with many awards. This recognition for Edward De Valle comes due to his ability to handle and lead a creative team that thinks far ahead of its time.