Site Selection Secrets for Restaurant Tenants

Location, location, location is often stressed for restaurateurs looking for the right property for a new business (or moving or expanding). And for good reason.How can you distinguish sites that make sense for your restaurant?

As we recommend in our book, Negotiating Commercial Leases & Renewals FOR DUMMIES, your leased premises can make or break your restaurant and you should weigh many demographic aspects when considering leasing a location in a certain area or territory.

While you may have found a new property with space for lease this doesn’t mean the demographics will fit your ideal criteria. As a restaurant tenant, the following points will be specifically important to you when searching for your new business home: 

Age: The average age of people living in a particular area is extremely important to many business-owners. Will your restaurant be more attractive to parents with young families or retired seniors?  

Income: As mean income and the proportion of two-income…