OLYA TICHSHENKO علا تيشينكو’s Post

Buying a restaurant versus leasing and building from scratch cuts down your time to launch by a factor of many months. In the restaurant industry, where time is a critical factor that can make or break a business, it’s essential to consider this option. While leasing a brand-new restaurant space that has never been occupied may seem appealing, the reality of hiring a contractor, getting plan approvals, waiting for permitting and more will often involve both lengthy delays and unexpected costs. Check out our article to learn more about Why Buying Existing Restaurants Beats Building from Scratch. Read Now: https://hubs.la/Q02JQcsX0 #WeSellRestaurants #RestaurantTips #BusinessOpportunity

Imagine signing a lease for your dream restaurant, only to find the terms heavily favor the landlord, leading to unexpected costs or restrictions. For instance, you might be unable to add certain items to your menu due to lease limitations. This is a common issue because landlord representatives prioritize their client's interests, leaving tenants exposed. To avoid this, we recommend hiring a Certified Restaurant Broker for independent representation. Click the link below for more details on Leasing a Restaurant: Why Someone Must Represent Your Best Interests https://hubs.la/Q02KG0gt0 #wesellrestaurants #Certifiedrestaurantsbroker #RestaurantLeasing #LeasingTips #RestaurantBroker #CertifiedRestaurantBroker #LeaseNegotiation #RestaurantSpace #LeaseSmart #TenantRepresentation #ProtectYourInterests #IndependentBroker #RestaurantLife #SmallBusinessAdvice #RestaurantOwners #BusinessLeasing #LeaseTerms #RestaurantBusiness #LeasingAdvice #RestaurantIndustry #RestaurantSuccess

Restaurants are a tight margin business; this makes it critical to get off to a good start without unnecessary debt and expenses but with the right location and concept. And the starting line is real estate. Our latest article shares When to Fall in Love with a Restaurant Location and outlines what you need to know before signing the lease: https://lnkd.in/g7iezbQF

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!

Is your restaurant ready for its next location? Choosing the right space is key to ensuring your business thrives. This article breaks down essential tips for restaurateurs looking to lease or buy, including factors like visibility, foot traffic, and operational needs. "Success starts with finding the right location—one that aligns with your brand, attracts your target audience, and creates an atmosphere that keeps customers coming back." If you're considering your next move, I’d love to help you find the perfect space that fits your vision and operations!

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

Navigating the world of restaurant leasing – Crafting success in the restaurant world isn't just about finding the perfect space – it's about sealing the deal with terms that set up for prosperity. Whether it's a cozy corner bistro or a urban hotspot, negotiating a win-win lease agreement sets the stage! #RestaurantLeasing #CulinarySpaces #strategicleasing

🍽️ Attention Restaurant Owners!!! Running a successful restaurant involves more than just great food—it's about having the right tools to create culinary masterpieces. At Lease Genie, we understand the high demands of the restaurant industry and offer tailored leasing solutions to help you thrive. 💡Why Lease Equipment? Leasing offers a flexible and cost-effective way to access top-of-the-line kitchen equipment without the hefty upfront investment. This means you can keep your cash flow stable, upgrade your appliances as needed, and avoid the depreciative hit of owning equipment. Plus, with Lease Genie, you can customize your lease terms to fit your specific needs, ensuring you have the best resources to deliver an exceptional dining experience. 💡 Why Choose Lease Genie? Flexible Terms: Choose lease periods that fit your business model and growth plans. Top-Notch Support: Our dedicated team is here to assist you every step of the way. No Hidden Fees: Transparent pricing with no surprises ensures a smooth leasing experience. Quick Approvals: Get your equipment faster with our streamlined approval process. Join the many savvy restaurant owners who have partnered with Lease Genie to elevate their kitchens and enhance their business operations. Discover how leasing can be a game-changer for your restaurant today! #RestaurantOwner #LeaseGenie #EquipmentLeasing

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.

There is still an issue with restaurants. There is an old saying in CRE "once restaurant space, always restaurant space". I wonder how the author of this article explains the vacant, de-branded restaurants on the market at terribly high costs. Some poor soul went and purchased a NNN or worse yet an ANNN leased asset, often from out of town. Then the tenant terminates their lease or does not renew. Now that property that they paid well over $350 PSF [the highest I've seen was $2.2K PSF] is barely worth $200 PSF. When the comparable sales for former de-branded restaurant buildings point to a $125 to $175 PSF sale price, it is very hard to justify some of the excessive prices out there. I would say the unexpected restaurants are actually the small specialty stores, i.e. pretzels, cookies, just BBQ, etc.