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.
Favorite Success Quote or Mantra.
“Try not to become a man of success. Rather, become a man of value.”
Restaurantforsaleorrent.com <– website not active yet. Stay tuned or save for future reference.
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Huge thanks to Mark Chase for joining me for another awesome episode. Until next time!