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tell us more4 Tips to Determine the Best Location for your Restaurant
4 Tips to Determine the Best Location for your Restaurant
So, you have decided to open a restaurant! You have the business plan finalized, the concept and décor selected, but there is still one particularly important item left to cross off your to-do list- you need to select a space. But how do you even begin? Here are four basic tips to get you started:
Consider Your Target Audience
Identifying your tar...
Restaurant Lease Terms to Know
Are you planning to sign a new lease to open your new restaurant soon? If so, here’s 5 terms that you might see in your new restaurant space lease. Understanding these terms will help your new restaurant opening go more smoothly.
NNN (also known as Triple Net) – Many leases are what’s called triple net (NNN). This means that in addition to rent, the tenant also pays a share (usually its “pro rata” s...
Prepare to Find the Perfect Restaurant Space
What advice does a new business owner need to hear when considering leasing restaurant space? Here's our list of questions that any restaurant owner should ask themselves in preparation of finding the perfect restaurant space.
Questions to ask when you are looking to open a new restaurant:
Is your type of business missing in the area? Meaning, is there a need?
Is your type of business missing in the shopping cen...
Considerations Before Leasing a Restaurant Space
Veteran business owners and new entrepreneurs alike know how important location can be to your success. Whether you are opening your first restaurant, or expanding your business and looking for restaurant space to open additional locations, you should know the answers to these five fundamental questions BEFORE leasing restaurant space:
Business Plan - Do you have a business plan? This will be a good indicatio...
Tips for Operating a Successful Restaurant
Starting your own restaurant business can be scary and the wide variety of information and host of opinions and advice can get a little overwhelming. To simplify, consider the 5 simple P’s:
Product - You need to figure out what your business is going to sell and make sure it is a quality product. Does your product provide more value than your closest competitor?
Price - Determine the right pricing for your p...