David Roberts’ Post

Why are these factors so important, especially in Miami? With prices soaring out of control, restaurant owners face tough challenges. Here's our advice for navigating these turbulent waters: 1️⃣ Find a space that costs less than $100 per square foot. In Miami's competitive market, this ensures affordability while maintaining a desirable location. 2️⃣ Ensure your grease trap is updated and compliant to avoid fines and closing your doors for updates which can take up to 18 months🤯 3️⃣ Opt for second-gen locations to avoid hefty impact fees for changing the designated use of a space, ensuring smoother transactions and quicker openings. 4️⃣ Get creative and consider setting up shop in a hotel or food hall. Leveraging existing foot traffic and amenities can attract customers and enhance brand visibility. 5️⃣  Work out flexible lease agreements, such as percentage-based rent structures or natural break clauses, to adapt to changing market conditions. 6️⃣ Delay lease payments until after obtaining the certificate of use for new construction projects to mitigate financial risk. 7️⃣ Keep rent below 10% of overall revenue to safeguard profitability and weather economic fluctuations. Surviving and thriving in Miami's competitive restaurant landscape demands strategic decision-making and meticulous planning. As a restaurant broker, these insights are invaluable for guiding clients toward sustainable success in the industry. You think you have what it takes to open a restaurant in Miami. F+B has your best interest in mind so DM us and let's talk about it. Do you agree with these tips or have others? Let us know in the comments below!

High-profile chefs and international operators are understood to be among the interested parties looking to take over the former Le Gavroche site in Mayfair. Davis Coffer Lyons is marketing the 4,000 sq ft venue on London's Upper Brook Street following its closure in January. Grand Residence Club by Marriot, which runs luxury residences above the restaurant site, has appointed the property firm to find a new tenant for the space. Two-Michelin-starred Le Gavroche ran its final public service on 13 January after more than 50 years of trading. The restaurant was founded by Albert and Michel Roux Sr in 1967 and had been run by Michel Roux Jr since 1991. Davis Coffer Lyons said in a statement: "The fine dining restaurant – a London institution – completed its final service in January, ending a 55 year tenure. "A fitting operator is sought for the 4,000 sq ft venue in Upper Brook Street, which sits below GRC's luxury residences. "Its compelling history and sought-after Mayfair location mean it is attracting a great deal of interest from a range of operators, including high-profile chefs as well as new international entrants." Follow us at Recruitment Evangelists for our latest industry news, jobs & Newsletter ‘Revolutionising Recruitment: Navigating the Modern World of Hiring'. #humanresources #careers #management #india #future #digitalmarketing #technology #creativity #startups #socialmedia #personaldevelopment #marketing #innovation #entrepreneurship #venturecapital

4 miles south of the M4 motorway

Understanding the nuances of leasing restaurant space is crucial for long-term success. The restaurant real estate market is competitive right now, with more than 50% of retailers planning for brick-and-mortar expansion over the next five years, according to a report by Colliers. Learn more about the fundamentals of real estate leasing strategies to equip commercial tenants and restaurateurs. 🔗 Link in the comments to read more. #restaurant #restaurantrealestate #leasemanagement

Sharing an article from Daily Tribune featuring the tarpaulin I did for the commercial lease signing between National Development Company (NDC) and The Bistro Group. Read the full article here: https://lnkd.in/gFGQDGPg

Why should you consider expanding your restaurant business in Miami now? Here’s why: 1️⃣ Prime Spots: Seize the chance to position your restaurant in high-traffic areas without the hassle of starting from scratch. 2️⃣ Cost Efficiency: Second-gen spaces come equipped with essential infrastructure, slashing your setup costs and letting you focus on what matters most - serving great food. 3️⃣ Boost Your Brand: A second location amplifies your brand’s presence, attracting new customers and increasing your market share. 4️⃣ Strong Market Outlook: Miami’s real estate market is ripe for growth, making this the perfect time to stake your claim. 5️⃣ Capitalize on Success: Building on the success of your first location, a new spot lets you dominate different neighborhoods and build a loyal customer base across the city. Do your homework, identify the best spots, and leverage the benefits of opening a second location in Miami. If you don't know where to start don't hesitate to reach out and we can help you get started. The opportunities are ripe for the picking, and your expansion will solidify your place in the Miami market.

We know the #CRE Office building sector has seen an increase in vacancies, but what impact will this have on free standing restaurant buildings, as they are more challenging to "repurpose" once vacant? As many people are foregoing dining out due to financial stress from the current economy, which ultimately results in declining customer traffic: #commercialrealestate #realestate #retail

Leasing a restaurant is a common approach in the industry, offering various advantages for buyers. Here are some key reasons why leasing is the preferred choice for many restaurateurs: Leasing a restaurant offers numerous advantages that make it the preferred choice for many restaurateurs. 🍴 FEATURES: 🏢 Lower Initial Investment: With leasing, you can start your restaurant with a smaller upfront investment compared to purchasing real estate. This makes it a more cost-effective option, allowing you to save money for other business needs. 🌟 Flexibility: In the ever-changing restaurant industry, flexibility is crucial. With leasing, you have the freedom to adapt to market conditions and relocate if needed. This allows you to stay competitive and make strategic business decisions. 🔒 Reduced Risk: By leasing, you shift property-related risks to the landlord. This includes market fluctuations and property maintenance, giving you peace of mind and allowing you to focus on running your restaurant. 📍 Access to Prime Locations: Leasing gives you access to prime locations that may be financially out of reach for purchasing, especially in high-traffic areas. This allows you to attract more customers and increase your chances of success. When considering leasing a restaurant, it's essential to review administrative costs and have a team to support you during negotiations. Understanding all financial obligations is crucial to avoid future financial strain. Interested in leasing a restaurant? Explore opportunities today to benefit from financial flexibility, reduced risk, and access to prime locations while minimizing future financial exposure. #RestaurantLeasing #BusinessDevelopment #FinancialFlexibility #Restaurant #Bar #Cafe

Interesting perspective from a genuine innovator in the Australian hospitality scene. I've met Bradley and know he is all about upholding a very high standard when it comes to the food quality and experience his customers receive at all of his dining establishments. I know the business was hit hard by Covid expecially given most of his restaurants were full service dine in and not set up for delivery. It's great to see the business has now turned a corner and landlords are seeking him out. The 5 guys brand will be an interesting one to watch in 2024. They only opened 3 stores in 3 years so will need to ramp up growth exponentially as the market is only going to get more saturated. Not operating in the "value"segment of the market is also making trading conditions tough for brands like these when spending is somewhat restricted. Will be looking on with interest for a big 2024 from these guys. #qsrs #foodie #dataanalytics