A Complete Guide to Leasing a Restaurant Space

This post was updated December 3rd 2019. 

An endeavor into the restaurant business is, needless to say, a challenging one. Establishments come and go like the direction of the wind, leaving business owners reeling and skeptical. Unless you’re a well-established restaurant with multiple locations, chances are you’ll be looking to lease a restaurant space rather than to buy a property outright. Because of the upfront costs of starting a restaurant, hiring and training staff, and performing any needed repairs or alterations to the property, most restaurant owners prefer to lease a property rather than deal with the upkeep of a privately owned space.

Finding a property to lease is one the most crucial steps in determining whether to open a restaurant, as location is often cited as a critical factor in the success of a restaurant. The right location in the right neighborhood will reap major benefits for a restaurant owner of any experience level.

But before you start searching for the ideal spot, there are some things you need to know about leasing a restaurant space. This guide will transform any aspiring restaurant owner into a well-equipped and savvy commercial real estate expert so you and your partners can find the perfect location for your dream establishment.

Continue reading “A Complete Guide to Leasing a Restaurant Space”

John is the VP of Sales at OfficeSpace.com where he leads broker relations and sales. Prior to being VP of Sales, he was the Regional  Director for the company. John has over 25 years of experience working in the commercial real estate industry. Before OfficeSpace.com, John was a commercial real estate broker for the Norman Company in Seattle, WA.