How To Find A Restaurant Space And Negotiate The Lease

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How To Find A Restaurant Space And Negotiate The Lease
MP4 | Video: h264, 1920x1080 | Audio: AAC, 44.1 KHz
Language: English | Size: 898.39 MB | Duration: 1h 2m
Avoid the #1 expense that bankrupts restaurants. Learn to find the right location and negotiate your restaurant lease
What you'll learn

How to find a restaurant space for lease
How to open a restaurant without a lot of money
How to negotiate a restaurant lease
How to negotiate a commercial lease
How to find a Restaurant space for rent
Second generation restaurant space
Commercial Real Estate
How to actually open a restaurant in the USA: Step by Step
Become a Restaurant Owner and Entrepreneur
Requirements
You should have the desire to open a restaurant
Description
The space you pick is the single biggest financial decision you'll make as a first-time restaurant owner. Get it wrong and you're done before you open. Get it right and you can save six figures before you even sign.I'm Ryan Speier. I've opened more than 9 restaurants doing over $15 million in annual revenue, all in about eight years, all without loans or investors. The way I did it is the subject of this course: I almost always take over closed restaurants instead of building from scratch.This 45-minute course is exactly what it sounds like. No padding. No theory. Just what I've learned about finding a space and signing the lease without getting destroyed.Here's what we cover:How to find second generation restaurant spaces (the closed-down restaurants nobody's listed yet). Where I actually look, who I call, and how I get to deals before brokers do.Why a 2nd-gen space can save you $100,000 to $500,000 over building out a raw space. The hood, plumbing, gas lines, grease trap, walk-in, and sometimes the equipment are already there. I'll show you what to look for and what to walk away from.How to read a restaurant lease before you pay a lawyer. The clauses that matter, the ones that look scary but aren't, and the ones that look fine but will sink you.The personal guarantee trap. Most first-time owners sign personal guarantees they don't understand and can't get out of. I'll show you how to limit it, time-cap it, or in some cases avoid it entirely.How to negotiate rent, free rent during build-out, tenant improvement allowances, and exit terms. The landlord has a playbook. By the end of this course, you will too.This course is for chefs, sous chefs, GMs, line cooks, and front-of-house veterans who've worked in restaurants for years and are finally ready to open their own place. You already know food. You already know service. This is the part nobody taught you.It's also for anyone who wants to open a food business on a real budget. I don't believe in the idea that you need hundreds of thousands of dollars in the bank to do this. I never had it. Most successful first-time owners I know didn't either. What they had was the right space at the right deal.If you want the full "how to open a restaurant from start to finish" course, take my main course. This one is the deep dive on the single highest-stakes part of the process. If you only buy one course before you sign a lease, make it this one.Enroll now and don't sign anything until you've watched it.
People who have thought about opening a restaurant for years but never knew where to actually start,People who have a desire to move from Employee to Owner,People who want to be an Entrepreneur
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