
The restaurant industry is filled with the ghosts of restaurants that had everything going for them in terms of food and service, but failed as businesses. High on the list of reasons that restaurants do not reach their financial objectives are poorly negotiated leases that handcuff the operator with excessive start-up costs, high rent payments, or other onerous terms.
Remember, signing a lease leads to a long-term relationship between you and a landlord and its provisions will affect your business for years and maybe even decades to come. Don’t let it haunt an otherwise great restaurant.
There is no way you can negotiate your lease with someone who does it 24/7 (your landlord!) and not expect to lose out on money you should not be obligated to pay out in the first place had you had someone Coaching you on how to keep more money in your pocket!
Inexperienced operators ALWAYS lose!
The landlord’s primary concern is to leverage the terms of your lease to get the highest price they can for their space – no matter what it means to your business!
You need a Lease that is leveraged to the needs of your short and long term success -before you move in or before you re-sign. And even if you are having trouble and need some relief from the pressures of your Occupancy Costs AFTER you have signed!
We work on a per location basis, which means you pay only one fee per location – even if it takes negotiating several sites over the course of several months.
We have saved operators, on average, between $60,000 – $100,000+ through savings and cost reductions from our work on their behalf.
Don’t sign anything until you call me to discuss how to “Build A Better Business” by negotiating or re-negotiating one of the most important documents you will ever sign in the life of your restaurant.
To read more about leasing strategies, click here!