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 site evaluation
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….
The overall deal will mimic the lob-sided focus of its constituents, but you and your team can reach a common ground and prevent bad decisions if you start the negotiation process with full awareness in key areas.
The common perception among buyers embarking on a construction project is: “Why does it cost so much more than I expected?” If you’ve asked yourself this, whether or not you were star-gazing at the time, you’re not alone in the universe.
Drawing on our team’s experience, here are some of the least obvious but most prevalent examples of hidden costs of commercial property acquisition.
The conventional assumption is that it’s too premature to invite a DBGC (design build general contractor) to collaborate on the front end of commercial property evaluation, but nothing could be further from the truth.
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.