410: Leasing VS Buying with Mark Chase

In this episode with Mark Chase, we discuss where to start when deciding whether to lease or buy a restaurant, the pros, and cons of leasing and buying, things to consider when negotiating a lease, first right of refusal, leasing with option to buy, how to give yourself control if your leasing, vetting your landlord before signing a legal document, what to consider if using a consultant to find a location, zoning, parking, and licencing.

Mark Chase is the President of Restaurant Real Estate Advisors. He specializes in providing site selection and real estate advice to restaurateurs. He works directly with growing brands and provides coaching, consulting and training to first-time restaurateurs. Mark is also the author of Open a Restaurant at a Great Location at a Great Price. Today we’re here to discuss the ins and outs of leasing VS Buying a space for your restaurant. 

Show notes…

Favorite Success Quote or Mantra.

“Try not to become a man of success. Rather, become a man of value.”

-Albert Einstein

Resouces Mentioned

Episode 73: 4 Common mistakes when selecting a restaurant location With Mark Chase

Restaurantforsaleorrent.com <– website not active yet. Stay tuned or save for future reference.

RestaurantRealestateAdvisors.com/

Open a Restaurant at a Great Location at a Great Price

Today’s Sponsor

Kabbage

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Sourcery

An invoice payment automation platform that caters to the food industry. Sourcery saves businesses time and money with paperless invoice management, simple payments, and analytical solutions. Spend that new found time doing what matters, taking care of your employees and guests.

Contact Info

Email: mark@restaurantrealestateadvisors.com

Website:RestaurantRealestateAdvisors.com

Thanks for Listening!

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Huge thanks to Mark Chase for joining me for another awesome episode. Until next time!

 

1. Customers who apply for a Kabbage line of credit using the link in this email and are approved will receive a $100 Tango e-gift card via email 3-4 weeks after qualifying. The Tango card can be redeemed for one gift card toward the customer’s choice of dozens of restaurants, retailers, spas or other experiences. Kabbage reserves the right to cancel the promotion at any time. This offer is single-use and non-transferrable. Valid in the US only.
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