Restaurant Real Estate
Key Ingredients for Achieving Restaurant Success
Finding the right location for your restaurant business requires careful consideration and market research. For over three decades, we have been advising restaurants and hospitality clients, from start-ups to well-established brands. When it comes to restaurant site selection, several factors need to be considered including:
1. Location: The location of a restaurant plays a vital role in its success. It should be easily accessible, have good visibility, and be in an area with sufficient foot traffic or target customers. Factors like proximity to residential areas, office complexes, tourist attractions, or transportation hubs can significantly impact the potential customer base.
2. Size and layout: The size and layout of the restaurant space should align with your business plan, concept, and target market. Consider the seating capacity, kitchen area, storage space, restrooms, and any other specific requirements.
3. Zoning and permits: Local zoning regulations should be reviewed to ensure the property is zoned for restaurant use. Necessary permits and licenses may be required including health department permits, liquor licenses and fire safety inspections.
4. Infrastructure and utilities: Existing infrastructure and utilities should be evaluated to ensure that it meets the proper requirements, including electrical, plumbing, ventilation, and water supply. Upgrading or modifying these systems can be costly.
5. Parking and accessibility: Adequate parking facilities or proximity to public transportation for customers and staff should be considered, as it will contribute to the convenience and attractiveness of your restaurant.
6. Competition and market analysis: It is important to research and understand the local market and competition in the area to determine if there is sufficient demand for your restaurant concept. Be sure to understand your unique selling points and market positioning.
We can help you navigate the process. Our knowledgeable restaurant experts work with you to find suitable listings, negotiate lease or purchase agreements, and provide valuable insights based on our years of expertise, cutting-edge technology and deep market knowledge of the restaurant industry. Browse through our restaurant spaces for lease or sale.
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