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…
commercial lease signing
If you’ve been reading the APS blog, then you know that we feel strongly about the merits of making your design decisions in collaboration with your builder, as early in your commercial construction process as possible, to get a head start on value-engineering your project.
We’ve said it before, 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….
How long does it take to open a commercial space, 6 months or 2 years? It may come as a surprise to you that it might easily take 2 years from start to finish without prior knowledge of, and planning for, delays!
What even is pre-construction, and why do you need it? Let’s break it down.
Drawing on our team’s experience, here are some of the least obvious but most prevalent examples of hidden costs of commercial property acquisition.
If you don’t have to build a kitchen from scratch, a budget of $200k can go a long way to cover upgrades to the dining area, equipment purchases, and Building Department and Health Department fees.
Maybe you’ve heard about the latest changes in the requirement for accessible restroom signage – that geometric shape on the door should be blank. No man, no woman, no other! Where it gets confusing: there is no requirement for providing gender pictograms or the international symbol of accessibility on the geometric symbols of the door…
There is not always an advocate for the lessee in the lease negotiation process. Hiring a design build general contractor to help guide you can save tens or even hundreds of thousands of dollars.