If you've always wanted to run your own restaurant, one way you could do it is by leasing a restaurant that is already empty and ready for use. If you don't have a lot of cash to start with, this is a good option. There are several benefits to leasing a restaurant space, including not having to worry about a mortgage and potentially not having utility costs or other expenses to consider.
Before you decide to go through with a leasing arrangement, you may want to consider a few things. Why is the restaurant vacant? Is it because the owner couldn't get enough business, because the area is slow or because of other concerns?
When you look at the space, it's important to understand if it will work for your intentions. For example, if you plan to have a large, ballroom-like restaurant, a rental diner probably won't make the grade. The same is true if you want an intimate space but only have a large warehouse-style restaurant space available to rent.
Another thing to look into is how many stalls there are in the bathrooms. Depending on the size of the restaurant, you may need to install more bathrooms to be compliant with restaurant regulations.
You also know that restaurants end up creating a lot of trash. Do you have a local garbage company willing to pickup outside the building, or will it be a struggle to get your garbage collected?
There are many things to think about. Before you sign any leasing agreement or arrangements, you may wish to look into your legal rights. Your attorney can make sure everything in your lease is covered, so you're protected. Our website has more information.