Dumpling’s Post

For restaurant leasing brokers, negotiating renewal options is a vital part of securing long-term success for your client. Renewal options give the tenant the right to extend their lease beyond the initial term, usually at a predetermined rent or under specific conditions. It’s important to ensure that the renewal terms are clearly outlined, including the notice period for exercising the option and how rent increases will be calculated. Renewal options can provide stability for the tenant, allowing them to continue operating in a location that has proven successful. As a broker, securing favorable renewal terms can also be a strong selling point, giving your client confidence that they can grow their business without the uncertainty of having to relocate. Leverage this knowledge to make informed decisions and set your restaurant up for success from the start! #RestaurantLeasing #CommercialLeasing #RenewalOptions #BrokerTips #LeaseNegotiation #TenantRepresentation #FoodAndBeverage #CommercialRealEstate #LeasingStrategy

Negotiating lease terms can be complex. Here are key elements to focus on to secure a favorable lease for your restaurant: Ensure the base rent is within your budget and sustainable for the long term. Remember to clarify additional costs such as CAM (Common Area Maintenance) fees if applicable, property taxes, base rent escalations, and insurance. Typically negotiate a long-term lease for stability along with renewal options to secure the ability to extend your lease under favorable conditions. Understand the conditions under which you can "break" the lease if needed. Be certain that the lease allows for the type of restaurant you plan to operate, including any specific equipment or services. Reviewing lease terms thoroughly can prevent future conflicts and ensure a smooth operation. Be sure to consult with a leasing transaction attorney to understand all aspects of your lease agreement. Leverage this knowledge to make informed decisions and set your restaurant up for success from the start! #RestaurantTips #CommercialLeasing #LeaseTerms #RestaurantOwner #FoodAndBeverage #Success

In a recent survey, #truckdrivers were asked to identify their top choices of #truck stop amenities. 📣 Here are the The top 5 1️⃣ Abundant parking 2️⃣ Clean showers 3️⃣ On-site restaurant 4️⃣ Healthy/Fresh food 5️⃣ 24/7 Truck maintenance services #transportation #logistics #freight #truckstop #truckers #freightfem

Planning your next journey with us? Make sure you buy your ferry tickets online before you #StartYourStory When you buy online, you get 24/7 access to: ✔️ Make changes to your reservations ✔️View and manage of all your bookings in one place ✔️Real-time service status updates ✔️Create an account, so future trips are made easy using your saved details Head to our website to find out more! #CalMacFerries #EveryJourneyStartsAStory

Higher Revenue. Sounds great, and it is. Remember, profit margins are equally important. "Managing costs is essential for maintaining and improving profit margins. When costs are unchecked, take-home pay suffers, a fact that can't be ignored in this already challenging industry. It's more challenging than it sounds, but with some planning, this can be done and improved over time. Step back and consider what you can do to minimise or maintain costs. Reach out if you need help. #hospitality #restaurants #australia

In restaurant leasing, understanding and negotiating the terms of build-out periods is crucial for both tenants and brokers. The build-out period refers to the time allocated for the tenant to complete any necessary renovations or customizations to the space before opening for business. As a broker, it's important to ensure that the lease provides a realistic timeframe for the build-out, taking into account potential delays due to permits, construction, or inspections. Additionally, negotiating rent commencement to align with the completion of the build-out can prevent your client from paying rent before they are able to operate. By securing favorable build-out terms, you can help your client start their restaurant on the right foot without unnecessary financial strain. Leverage this knowledge to make informed decisions and set your restaurant up for success from the start! #RestaurantLeasing #CommercialLeasing #BuildOutPeriod #BrokerTips #LeaseNegotiation #TenantRepresentation #FoodAndBeverage #CommercialRealEstate #LeasingStrategy

Is dynamic pricing the solution to the ailing hospitality sector? Stonegate Group, owner of the Slug and Lettuce, seem to think so as they plan to charge an extra 20p a pint during peak times. We are somewhat accustomed to paying more for certain goods or services at peak times, like train travel, holidays or even accommodation when events are taking place. So would paying slightly more for your pint, which has already seen a sharp increase in price be such a difficult thing to swallow? The hospitality sector has been ailing and as we saw recently continues to be hit by insolvencies despite being a busier season for the sector. But I wonder if this would only increase the divide between chains like Slug and Lettuce, who can probably get away with such a pricing model, and independents who may not have the demand in the first place and find sales falling if people do not view the dynamic pricing strategy favourably.

At Leasecake, we're committed to helping restaurant owners succeed. Signing leases, expanding, and boosting your revenue—it's an exciting journey! But with more locations, come more leases, each with its own complexities. Although spreadsheets and reminders serve as a starting point, it's time you elevate your lease management expertise. Even if you're already using a platform, there's more you can do to save money! 💰 📰 Dive into this article to discover the crucial lease details that can make or break your bottom line. Understanding the fine print now can lead to significant savings in the long run. 🤑 🔗 https://lnkd.in/gEKnDQG7 #restaurant #leasecake #leasemanagement #realestate #leases #savings #fastcasual

This is certainly true Rob and in addition given the limited supply, demand for less land hungry drive to properties - especially in retail parks - is increasing as the fight for market share intensifies. Whilst not to the same extent, rents for these units are also moving inexorably upwards.

Hey everyone, check out this eye-opening article from The Telegraph about the substantial price increase of snacks at airports and train stations. It turns out that you could end up paying up to 48% more for your favorite munchies while on the go. 🍫✈️🚄 Take a look at the full story to find out more about the reasons behind these price hikes and how you can save some extra cash next time you travel. #TravelTips #SnackPrices #BudgetFriendly https://ift.tt/QRJE7uX