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 How to Buy A Restaurant: What Is Escrow & How Does It Work?
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 How to Buy a Restaurant: Steps to Negotiating the Deal
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 How to Buy A Restaurant: Finding Real Estate to Purchase
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 5 Reasons to Bring Your Business to Branson
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 How to Calculate Percentage Rent for Retail
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 How to Open a Restaurant: 10 Considerations
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 Guide to Preparing & Listing Commercial Real Estate
What is a concession in a lease agreement? Good question. One-time rent concessions are usually offered to attract new commercial tenants or entice current tenants to renew their lease. Concessions can come in many forms from offering decreased rent for a period to reducing service fees. In commercial real estate’s current landscape, concessions on rent … Read more Can Rent Concessions Help You During COVID-19?
As the COVID-19 pandemic continues, numerous businesses have shut their doors for good. Yelp’s Local Economic Impact Report from June 25, 2020, states that there have been nearly 140,000 business closures recorded on Yelp since March 1, 2020. Unfortunately, 41 percent of those businesses have permanently closed. The highest closure rates come from retail, restaurant, … Read more How Tenants & Landlords Can Try to Navigate COVID-19
You may be considering a loan if you’re ready to expand your business, but you lack the capital to do so. As your small business grows, you may need to purchase inventory, equipment, supplies, or commercial real estate to keep pace with demand. Applying for a small business loan can be overwhelming. From the multitude … Read more How to Apply for a Small Business Loan