Restaurant Leases and Site Selection
The restaurant industry is filled with the ghosts of restaurants that had everything going for them in terms of food and service, but failed as businesses. High on the list of reasons that restaurants do not reach their financial objectives are poorly negotiated leases that handcuff the operator with excessive startup costs, high rent payments, or other onerous terms.
In my article below, we’ll examine some key lease issues, provisions and rules of thumb that can affect whether your lease becomes a friend or foe of your business. Remember, signing a building lease leads to a long-term relationship between you and a landlord and its provisions will affect your business for years and maybe even decades to come. Don’t let it haunt an otherwise great restaurant.
Need Help With Your Lease Negotiation Or Your Re-Negotiation?
There is no way you can negotiate your lease with someone who does it 24/7 (your landlord!) and not expect to lose out on money you should not be obligated to pay out in the first place had you had someone Coaching you on how to keep more money in your pocket!
Inexperienced operators ALWAYS lose!
The landlord’s primary concern is to leverage the terms of your lease to get the highest price they can for their space - no matter what it means to your business!
You need a Lease that is leveraged to the needs of your short and long term success -before you move in or before you re-sign. And even if you are having trouble and need some relief from the pressures of your Occupancy Costs AFTER you have signed!
What is included in the package?
- Complete negotiation of your site lease.
- No time limits! We work until you get a signed agreement on the site of your choice - even if this takes several sites or several months. You pay only one fee!
- The fee is $2,500.
Don’t sign anything until you call me to discuss how to “Build A Better Business” by negotiating or re-negotiating one of the most important documents you will ever sign in the life of your restaurant.
To read more about leasing strategies, click here!
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