We’re back with another round of currently available restaurant space specimens for you to check out for your restaurant business plans. Why showcase available restaurant properties, specifically?
Existing restaurant real estate can be ideal for new restaurateurs seeking available space on a budget. That’s because restaurant locations that are closing, but are already outfitted for an operational restaurant business, can leave behind $200-300k in new construction equivalent value in the form of plumbing, ventilation, electrical, grease traps and otherwise. That’s even if free-standing equipment is sold off. The more recently available the restaurant space is, the more likely it will also be up to current code.
To add to your property search resources, do some research and door-knocking with food service providers near your preferred locations. Find out whose business is younger than three years or has a renewed lease period approaching, and you might find yourself working with an existing restaurant in strategic partnership to negotiate a lease takeover. Many factors can motivate restaurant owners to get out of their lease or sell a perfectly useful commercial foodservice space. That space might be just what you’ve been dreaming of.
If you’re searching for a space in which to build your foodservice dreams, let APSGC introduce you to our partners in Southern California commercial brokerage, and call us to lend our skills in evaluating or planning and creating your new space!
APSGC: The Big 3 Before You Sign the Lease
APSGC: Construction Services
APSGC: Commercial Site Evaluation
APSGC: Open Your Restaurant for Under $200K
Article: 60+ Restaurant Industry Statistics for Restaurant Owners in 2019
Article: 2018 Economic Outlook for the California Restaurant Industry
Forbes: No, Most Restaurants Don’t Fail in the first Year
More property listings in SD County and nearby, by neighborhood: