Knowing you are finally starting your restaurant – the dream you’ve had for years – is exciting and scary all at the same time. You know that many don’t make it through their first year, much less through the first five years it takes to get operating in the black. That’s the scary part. But the exciting part is getting to experience your artistic and creative vision expressed through food and drink – the things everyone needs, no one can do without, and everyone enjoys when presented well.
Exciting is bigger. Reality invades though when you start looking for Restaurant Space for Lease so you can get started creating. There can be relatively few actual spaces for lease that are already set up for restaurant use that you might want to move into, so you might be looking for something that needs renovating. With that comes some other considerations you might not even be aware of that could drastically affect your own outcomes.
Enter Retail Solutions Advisors to help you figure out where you need to be and want to be at the end of the day. Those considerations like traffic patterns – where the location is relative to interstate exits, major intersections, and major highways is very important. If vehicular traffic can’t get to you relatively easily, you’re going to miss a lot of business on sheer frustration from your public that can’t get to your location.
Another factor you might not have thought about is the surrounding businesses – are they conducive to supplementing a restaurant in the area? Maybe or maybe not – it can be hard to tell without some additional analytics. And then there is the median income of the surrounding residential areas. If it isn’t where it needs to be to afford your fantastic dishes being served up, or the linen you plan to use in the dining room, you might have to consider other price points or a different location altogether.
And this is what Retail Solutions Advisors can so easily do for you. They know the areas so well that they can help you determine the spaces that will work for you. They will do the research and provide reports that tell you where the money is – at least where it is that can get to you. They can determine foot traffic from other businesses that will come to you, and they will understand vehicle traffic patterns as well.
If Retail Solutions Advisors and their commercial real estate team do not already have a restaurant space for lease listed, they can certainly help you ferret out the right space for your dream restaurant. They want you to succeed and have the perfect place that suits both your dreams and the neighborhood’s appetite.
It isn’t rocket science, but it is important to understand how you fit in the community. That is an important factor that Retail Solutions Advisors will help you with and if you need negotiating help with the new landlord, they can help with that too. Give them a call and see where you need to be serving your next masterpieces.