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What to Look For Before Signing a Restaurant Lease By Tessa Love Apr 18, 2016 When scouting real estate to open a new restaurant, there’s a lot more to think about than the price of rent. Hidden costs and bad deals abound. At the recent Golden Gate Restaurant Association conference, Zach Georgopoulos, attorney at Georgopoulos & Economidis, restauranteur […]
This is the last of a three part series where I discuss a continuation of lease terms from the prior issue. This issue will include some of the major elements of the lease which include as follows: 1. The Guarantor, 2. Use Clause, 3. Assignment and Subletting and 4. Options. The Guarantor . What is […]
The three primary areas buyers focus in on in doing their analysis to determine if the restaurant, bar or club opportunity it the right one for them is as follows: a. Price Valuation, b. Location Overview and c. Lease Terms. In the most recent article I discussed Price Valuation and Location Overview and in this […]
From my current experience in negotiating over 1,000 restaurant, bar and/or club leases, my former experience as a restaurant owner negotiating many leases for myself, and my current role as a landlord of restaurant space, I am very sensitive to the needs of the landlord in qualifying a prospective new tenant. The major reason deals […]
There are many problems which can occur during the sales process and having closed over 400 escrows Restaurant Realty has experienced many of these problems. This discussion is to prepare the seller on how to take a proactive approach in dealing with some of the most common problems that occur during the sales process to […]
As a continuation to our last article I will discuss further some additional important points regarding lease negotiations which I believe will be helpful to you. 1. ASSIGNMENT AND SUBLEASE RIGHTS – Having the proper language in this section of the lease is extremely important in helping you sell your business. This language should include […]
As a former restaurant owner and as a restaurant broker I have negotiated over 300 leases. As a result of my experience I thought it would be helpful in this issue and the next issue to discuss some of the most important aspects of negotiating a lease. In addition to the topics discussed below I’ll […]
Here are the things a tenant needs in negotiating a good tenant’s lease: 1. A knowledge of the market rents for comparable restaurant space which can be obtained from a real estate broker. 2. A viable concept that will motivate the landlord to lease to the tenant. 3. A business plan that includes the following: […]