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You kept an eagle eye on commercial real estate listings. You found and toured a property that’s perfect for your business or investment portfolio. You’re ready to take the next step and make it yours. You’ll likely need a real estate loan to do so, whether you’re a first-time commercial real estate buyer or a … Read more
Owning a restaurant is expensive. It doesn’t matter if you’re a fine dining establishment or a fast-food franchise. With labor and food costs, point of sale systems and marketing efforts, you won’t have a lot of wiggle room in your budget. Rent is one of your largest fixed expenses as a restaurant owner. Rent plays … Read more
If you’re in the market for commercial office space, you’ve likely heard people refer to properties as “Class A” and “Class B.” What do these classes mean? Commercial office buildings are categorized based on their age, condition, amenities and location. Many factors—from maintenance to ceiling height—can affect an office building’s classification. Building classes help commercial … Read more
This piece is the final part in our series on how to buy a restaurant, where we walk through buying a restaurant from start to finish. Want to know more about finding a restaurant or sending a letter of intent? Read the previous articles in this series: “Finding Real Estate to Purchase” and “Steps to … Read more
This is the second installment in our series on buying a restaurant, where we share information about each step of the restaurant buying process. Read our first article to learn how to find a restaurant to buy. Some people are on the hunt for property to start a new restaurant, and others would rather buy … Read more
This is the first part of our series on buying a restaurant, where we share our buying a restaurant checklist and take you through what you need to know about each step in the process. Additional blogs in this series include Steps to Negotiating the Deal. Buying a restaurant takes extensive planning and research. There are … Read more
Branson, Missouri has earned several monikers since it’s establishment in 1912. It’s been called “The New Nashville” because of its bluegrass and country music roots. While Branson is indeed the “live music capital of the entire universe,” it’s got more than a selection of live shows to draw tourists. Branson is bustling with retailers, restaurants, … Read more
Shopping centers rely on a unique mix of tenants to draw customers. Who doesn’t enjoy grabbing a bite to eat after purchasing a pair of tennis shoes? Malls and other multi-tenant spaces allow visitors to dine, browse and receive services in one location. With multiple restaurants and retailers, these spaces expect to see more foot … Read more
Opening a restaurant is no easy feat. It takes time, commitment and capital. As the owner, you will work long hours planning deliveries, reviewing finances and payroll, and forming relationships with customers. Restaurant owners have faced even more responsibilities and challenges due to COVID-19. Though it’s hard work, owning a restaurant can be incredibly rewarding. … Read more
Are you looking for a new tenant? Is it time to sell your property? Are you asking yourself “how do I list a commercial property?” Handling commercial real estate transactions can be tricky. Selling commercial property is more complex than you might expect, and finding the right tenant can be just as difficult. Office, retail, … Read more
