Restaurant Real Estate, Reconsidered

Leasing requires less upfront capital and provides flexibility to relocate if needed, making it ideal for first-time owners or those testing a new market. Buying offers long-term cost savings, equity building, and full control over the property, but requires significant capital investment. I'll help you evaluate both options based on your financial situation, business goals, and market conditions to determine the best path forward.

The timeline varies depending on your specific requirements and market conditions. On average, the search and negotiation process takes 2-4 months, followed by 1-2 months for due diligence and closing. Spaces requiring significant buildout may add additional time. I work efficiently to streamline the process while ensuring you don't miss critical details. My goal is to balance speed with thoroughness to get you operational as quickly as possible.

Key factors include visibility and accessibility, adequate parking, demographics that match your target customer, foot and vehicle traffic patterns, competition in the area, and existing restaurant infrastructure (hood systems, gas lines, grease traps). I'll conduct a comprehensive analysis of all these factors to ensure the location aligns with your restaurant concept and has strong potential for success.

In most commercial real estate transactions, the landlord or seller pays the commission to both the listing agent and the tenant's agent. This means my services typically come at no direct cost to you. I'm compensated by the landlord while representing your interests exclusively. This arrangement allows you to have professional representation throughout the process without additional out-of-pocket expenses.

A tenant improvement (TI) allowance is money the landlord provides to help you build out or renovate the space to suit your restaurant needs. This can cover construction, equipment installation, or interior design costs. The amount varies based on lease length, property condition, and market conditions. I have extensive experience negotiating TI allowances and can help you secure funding to offset your buildout costs, often saving you tens of thousands of dollars.

Zoning laws determine what type of business can operate in a given location. For restaurants, you'll need proper zoning for food service, which may include restrictions on operating hours, alcohol sales, outdoor seating, and signage. Some areas require special use permits or conditional use approvals. I verify all zoning requirements before presenting properties to you, ensuring the space can legally accommodate your restaurant concept and saving you from costly mistakes.