Final lease agreements will be prepared for signature once all terms have been agreed upon by both parties. Prior to searching, determine if you are only looking for existing 2nd generation space or if you will build your own restaurant from a raw space. Prepare in advance to provide the following: Have realistic expectations. The lease will include all of the terms outlined in the LOI in addition to additional legal language covering many more items that are typically not discussed during the LOI stage. Prior to submitting any offers it’s important to be prepared to sell yourself. Find property details and pricing for recently listed commercial real estate properties for sale and for lease in Digby County, NS. When you find a restaurant location you like, it’s time to negotiate. Didn’t receive an email? Just answer some questions about your commercial space needs and your personal search expert will begin finding you the perfect workplace for your business. These spaces are former restaurants and often have an existing kitchen and infrastructure needed for restaurant use that will save you time and money. Please click on the link provided in the email to finish your request. Digsy makes it easy to buy, lease, or sell Commercial Real Estate space on your own or with the help of our free personal Commercial Real Estate experts. Most commercial areas should allow restaurant use, but certain neighborhoods may have additional restrictions. Digsy AI allows you to collaborate and coordinate with the rest of your team. You will be taken more seriously if you work with an experienced and well known commercial real estate agent or broker. Link owners, tenants, propsects, and leads to commercial real estate properties. If you are not working with your own agent and you are looking specifically for 2nd generation restaurant spaces, you should ask the following questions when you contact brokers and landlords: Prior to scheduling a meeting to see the inside of a prospective space, it’s a good idea to drive by the site and confirm this is a location and neighborhood that meets your general criteria. Based on the research conducted for your business plan, you should have determined the following: Trade area or neighborhoods that you will target for your new restaurant space Site Criteria including the size of the space your restaurant requires and how much rent you can afford based on your projected sales. At this time you will deliver a cashier’s check made to the landlord for the first month’s rent, NNN and security deposit. We stumbled upon Digsy because we were looking for our first space to rent. Want to save time finding more properties matching your needs? Whether you decide to hire your own broker or lease a restaurant on your own, it’s important to understand the role of the commercial real estate broker and how they are compensated. Prior to starting your search, contact the planning department for cities you are considering and determine how much parking is required for restaurant use. Happy new year to you too! In most cases, you will be making the initial offer. (866) MY-DIGSY (693-4479), 5134 Westwood Dr, Saint Charles, MO 63304, 1552 Country Club Plaza Dr, Saint Charles, MO 63303, 915 - 955 Jungermann, Saint Peters, MO 63376, 190 Suemandy Drive, Saint Peters, MO 63376, Didn't find what you were looking for? Find Space Painlessly. Resend Confirmation. In many cities, restaurant use requires more parking spaces than many properties can provide. If you are viewing a restaurant that is currently open for business, don’t ask any employees or neighbors’ questions. About the Author: Mark Chase is the President of Restaurant Real Estate Advisors and a Digsy Expert specializing in helping businesses find Restaurant space for lease. The Letter of Intent outlines the major deal points to be included in the Lease Agreement. Use the map view to find Digby, NS Commercial Real Estate properties and building for sale or for lease near you or in the location you desire. Read this article prior to contacting an agent. Mark provides site selection, lease negotiations, real estate consulting and restaurant sales to fast growing brands and independent restaurateurs. In most cases the LOI is non-binding on either party and used as an outline to prepare a lease. One of the biggest time wasters is looking at properties that don’t allow restaurant use. If you want to know even basic information such as square footage, rental rate and if restaurant use permitted, you will need to leave a phone number and hope you receive a return call.
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