Choosing your restaurant location
Location, location, location, it can make or break a restaurant. Finding the perfect location is a time consuming and tedious process, but it’s essential that you give it all the attention it deserves. Do not rush this decision. It is the most important one that you will make. Do your homework and visit many different sites. Once you have several prospective properties and weigh your options carefully. Remember, once you sign the lease and opened your restaurant, the one thing that is almost impossible to change, is your location.
Factors to consider when choosing your restaurant location
You should consider the following factors when choosing a location:
- Visibility and passing traffic (Foot and car)
- Parking
- Demographics
- Potential for outdoor seating
- Zoning
- Refurbishment required
- Freehold or leasehold
- Competition
- Complementary businesses located close by
Using a restaurant consultant or broker can help as they know the market and have years of experience in the restaurant business. For more information contact us at info@sofrankoadvisors.com or 724-935-2151.
