The process for retailers qualifying for a commercial lease can vary from landlord to landlord. Landlords consider several factors including tenant mix, personal credit history of the owner, company balance sheet, profit and loss statements, open credit lines, and growth projections.
Are you looking to open a restaurant and make millions? It’s a very risky venture but it’s NOT the 90% first year failure rate that is often cited. If that statistic were true, the restaurant industry failure rate would mean virtually no business for anyone. In fact, restaurants are in growth mode due to an influx of money. For starters read Bourdain’s Kitchen Confidential.
SITE EVALUATION ANALYSIS
The most successful tenants evaluate sites using specific tools to measure demand and supply of a particular market and their potential customer base. The analysis of site selection involves both quantitative examination and qualitative insight following a three-step process.
ON TIME RENT PAYMENTS
Leverage with the landlord in lease negotiations often depends on the tenant’s ability to demonstrate their ability to pay rent on time and every month without fail. Here are seven ways a tenant can show the landlord they can pay the rent:
We specialize in small to medium size commercial properties. We lease, sell, and do property management better than others. Contact us for details.
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