About commercial spaces for leasing

Many people prefer to lease a commercial space and build a restaurant from scratch whenever financial conditions allow.

The benefits:

1. Brand new cooking equipments custom designed to your operation.
2. The design will be up to new building, health, sanitary, fire, and ADA codes.
3. There will be no hidden mechanical problems with existing equipments, plumbing and electrical devices.
4. May entitle you to a better lease agreement with the landlord. Be sure to ask your restaurant realtor to negotiate for better leasing terms for more investing values.

The downfalls:

1. Scheduling: Even the most experienced builder in the field can not answer this question with integrity: “So how long will it take to open a restaurant?” From designing, to permit processing, building inspections, construction, inventory to preparation, expect the unexpected and be prepared for it. Generally speaking, it can take as little as 3 months to as long as 2 years to open a restaurant, depending upon how well planned your design team is. Contracting a professional design team who’s familiar with the restaurant building business can save you tremendous time and money.
2. Bigger investment provokes bigger risk. When leasing a space, it’s breath taking to see how much asset you are putting into someone else’ space. Therefore, it’s crucial to see yourself making profits way before the first quarter of your leasing period ends. Every year, thousands of restaurant owners are being evicted from their spaces not being able to retain any of their equipments.