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Jimmy Carey Blog • Uncategorized • January 3, 2025

The Pros and Cons of Buying an Existing Restaurant: What to Consider Before Taking Over an Established Business

by Jimmy Carey
Modern restaurant with large pull up garage windows looking out to outdoor seating area Jimmy Carey Commercial Real Estate.

Navigating the Opportunities and Challenges of Buying an Existing Restaurant

Modern restaurant with large pull up garage windows looking out to outdoor seating area Jimmy Carey Commercial Real Estate.

Jimmy Carey Commercial Real Estate

The restaurant industry is dynamic and filled with opportunities for entrepreneurs who are ready to take the plunge. One of the most strategic ways to enter the business or expand your footprint is by purchasing an existing restaurant. However, this decision requires careful consideration and expertise to ensure long-term success.

At Jimmy Carey Commercial Real Estate, our goal is to guide restaurateurs through the complexities of buying or selling restaurants, particularly in a highly competitive market like Atlanta. As seasoned restaurant brokers, we specialize in helping clients identify the best opportunities, navigate negotiations, and avoid common pitfalls. Whether you’re browsing Atlanta restaurants for sale or seeking expert guidance, this guide will provide a comprehensive breakdown of the pros and cons of buying an existing restaurant and help you determine if this path aligns with your goals.

The Pros of Buying an Existing Restaurant

1. Established Brand and Customer Base

Purchasing an existing restaurant often comes with the benefit of an established reputation and loyal customer base. This saves you the time and expense of building brand awareness from scratch. Customers already know the restaurant, its menu, and its quality, giving you a head start on revenue generation.

Why It Matters:

  • Reduces marketing and promotional costs in the initial months.

  • Provides an existing stream of revenue from day one.

Goodwill Considerations

Goodwill is the intangible value of a business, including its reputation, brand equity, and customer loyalty. While it can be an incredible asset, it’s also one of the trickiest components to evaluate during a purchase.

  • Valuation Challenges: Goodwill is subjective and depends on factors like brand perception, market conditions, and customer retention rates. Be cautious not to overpay for intangible assets without clear evidence of their value.

  • Transition Period: Customers may be wary of changes in ownership. Preserving the existing brand identity during the transition period can help retain goodwill while you make gradual adjustments to align with your vision.

Pro Tip

When purchasing an existing restaurant, prioritize conducting a customer sentiment analysis by reviewing online feedback, social media mentions, and in-person interactions. This helps you gauge the strength of the brand’s goodwill and identify any potential areas of concern.

Additionally, during the transition period, maintain the restaurant’s signature dishes and service standards to reassure loyal customers. Gradual improvements, rather than abrupt changes, help retain the existing customer base while setting the stage for your long-term vision.

Working with a restaurant broker can also assist in assessing goodwill and negotiating a fair price, ensuring you’re not overpaying for intangible assets.

2. Existing Infrastructure and Equipment

One of the most significant advantages of purchasing a second-generation restaurant is the availability of pre-installed infrastructure, which dramatically reduces restaurant startup costs. From kitchen equipment like fryers and ovens to grease traps, exhaust hoods, ventilation systems, electrical capacity, plumbing and drainage, refrigeration (walk-in coolers and freezers), bathrooms, and even acoustics (often overlooked), these essentials are already in place, saving substantial upfront investments.

Cost-Saving Example:The installation of a commercial kitchen can cost anywhere from $100,000 to $500,000, depending on the size and complexity. Buying an existing restaurant eliminates much of this expense.

3. Proven Business Model

When you buy an established restaurant, you gain access to its financial records, operational history, and customer insights. These metrics help you make informed decisions and assess the restaurant’s viability.

Key Benefits:

  • Easier access to financing, as lenders prefer businesses with a track record.

  • Proven operational practices reduce the risk of trial-and-error.

Pro Tip

Before finalizing the purchase of an established restaurant, conduct a detailed financial and operational analysis with the help of an accountant or a restaurant consultant. Review the profit and loss statements, cash flow, and historical revenue trends to ensure the business model is truly sustainable.

Additionally, leverage the restaurant’s operational history by identifying its most successful practices, such as high-performing menu items or peak hours. Retain these proven strategies while gradually introducing improvements to align with your vision and enhance profitability.

If needed, a restaurant broker can provide insights and connect you with professionals who specialize in assessing financial viability, ensuring you make a well-informed decision.

Commercial Real Estate agent in a restaurant environment, reviewing lease term agreement for a client

Jimmy Carey Commercial Real Estate

4. Prime Location and Zoning Advantages

Location is critical in the restaurant business. Established restaurants have already undergone the process of securing zoning and permits, ensuring the site is suitable for food service.

Why This Matters:

  • Established locations often have proven foot traffic and visibility.

  • Zoning compliance reduces the legal hurdles often associated with new builds.

Pro Tip

When buying an existing restaurant, ensure the lease agreement and its assignment are carefully reviewed and negotiated. A favorable lease can significantly impact your profitability, so pay attention to terms such as rent escalations, renewal options, and permitted uses under the lease.

Before finalizing the purchase, work with your broker to confirm that the assignment of the lease is transferable and includes the original use permits for food service. This ensures that you inherit the legal and operational advantages of the existing location without unexpected complications.

Engaging a restaurant broker experienced in lease negotiations can help secure terms that align with your long-term business goals while maximizing the benefits of the prime location.

5. Experienced Staff

Retaining experienced staff can make the transition smoother. Employees familiar with the restaurant’s operations can maintain continuity while you focus on integrating your vision.

Pro Tip:Build strong relationships with the existing team by engaging them early in the transition. Their expertise is invaluable.

The Cons of Buying an Existing Restaurant

1. Hidden Liabilities

The biggest risk of buying an existing restaurant lies in the potential for hidden liabilities. These could include debts, unresolved legal issues, or deferred maintenance.

What to Watch For:

  • Review the restaurant’s financial and legal documents with an attorney.

  • Conduct a thorough inspection of equipment and infrastructure.

2. Limited Branding Flexibility

Rebranding an existing restaurant can be challenging, particularly if the current brand identity is deeply ingrained in the customer base.

Challenges:

  • Risk of alienating loyal customers during rebranding.

  • Costs associated with changing signage, menus, and marketing materials.

3. Outdated Systems and Equipment

Older restaurants may have outdated technology or equipment, which can lead to inefficiencies and higher maintenance costs.

Example:Upgrading a point-of-sale system to integrate modern payment methods and delivery platforms can cost $10,000 to $30,000, but it is often necessary to stay competitive.

4. Staff and Cultural Challenges

While experienced staff can be an asset, they may also resist changes under new ownership. Misalignment in vision or management style could disrupt operations.

How to Mitigate This:

  • Communicate your goals clearly.

  • Foster a collaborative culture by involving staff in decision-making.

5. Overpaying for Intangibles

It can be difficult to quantify the value of goodwill, brand recognition, and customer loyalty. Overestimating these factors can lead to overpaying for the business.

Solution:Work with an experienced restaurant broker to ensure the valuation is realistic and based on hard data.

Crystal clear polished white wine glasses placed upside down on a outdoor table.

Jimmy Carey Commercial Real Estate

Why Buying a Second-Generation Restaurant Is a Smart Choice

What Is a Second-Generation Restaurant?

A second-generation restaurant is a space that was previously built out as a restaurant and is now available for lease or sale. These properties retain critical infrastructure, such as grease traps, exhaust hoods, and plumbing, making them a cost-effective and time-efficient option.

The Benefits of Second-Generation Restaurants

1. Significant Cost Savings

Second-generation spaces eliminate the need for expensive installations, .

  • Example: Installing a grease trap and hood can cost $20,000 to $100,000. A second-generation space already includes these features.

2. Time Efficiency

A second-generation restaurant can often be operational within 1–3 months, compared to the 6–12 months required for a new build.

With most of the infrastructure and compliance already in place, these spaces allow for faster operational readiness. This means you can start generating revenue much sooner compared to a completely new build-out.

Why It Matters:

  • Helps you begin recouping your investment almost immediately.

  • Shortens the time spent without income during the setup phase.

3. Proven Location Success

These spaces are often situated in areas with established foot traffic and complementary businesses.

Even if the previous restaurant is no longer in operation, the location likely holds a certain level of familiarity within the community. This gives the new restaurant a head start in building its customer base.

Why It Matters:

  • It is easier to market to a pre-existing audience familiar with the location.

  • Potential for residual traffic from customers of the previous establishment.

4. Reduced Permit and Licensing Challenges

Second-generation restaurants often come with existing  and/or previous permits, such as health department approvals, fire safety compliance, grease trap permit, and liquor licenses (if applicable). This significantly reduces the administrative burden and costs associated with acquiring new permits.

Why It Matters:

  • Expedites the process of getting operational.

  • Saves thousands of dollars on application fees and potential rejections or delays.

5. Existing Customer Awareness

Even if the previous restaurant is no longer in operation, the location likely holds a certain level of familiarity within the community. This gives the new restaurant a head start in building its customer base.

Why It Matters:

  • It is easier to market to a pre-existing audience familiar with the location.

  • Potential for residual traffic from customers of the previous establishment.

Considerations for Second-Generation Restaurants

  • Inspect Condition: Ensure equipment and infrastructure are in working order.

  • Analyze Lease Terms: Work with a restaurant broker to secure favorable conditions.

Key Considerations Before Taking Over an Existing Restaurant

1. Conduct Comprehensive Due Diligence

Before finalizing a purchase, ensure you have a clear picture of the restaurant’s financial and operational health.

Checklist:

  • Review profit and loss statements, tax filings, and lease agreements.

  • Inspect the property for maintenance issues.

  • Verify compliance with health and safety codes.

2. Understand the Location’s Potential

Analyze the area to determine if it aligns with your target audience and concept.

Key Factors to Consider:

  • Demographics and spending habits of local customers.

  • Competition within the area.

3. Consult Experts

Engage experienced professionals to guide you through the process.

Why Choose Jimmy Carey Commercial Real Estate:

  • Expertise in evaluating Atlanta restaurants for sale.

  • Strong track record in commercial real estate representation.

Tips for Success When Buying an Existing Restaurant

1. Define Your Vision

Decide whether to retain the existing concept or introduce a new brand.

2. Negotiate Effectively

Use due diligence findings as leverage to negotiate the sale price, lease terms, and transition conditions.

3. Build Strong Relationships

Engage with staff and customers to ensure a smooth transition and foster loyalty.

 

Frequently Asked Questions

1. What are the advantages of buying an existing restaurant?

Buying an existing restaurant offers several benefits, including:

  • Established brand recognition and a loyal customer base.

  • Pre-installed infrastructure like grease traps, hoods, and kitchen equipment, saving significant upfront costs.

  • Proven business performance, with financial records to guide your decisions.

  • Faster opening timeline compared to building a restaurant from scratch.

2. What is a second-generation restaurant, and why is it a good option?

A second-generation restaurant is a space that was previously built out and operated as a restaurant. It comes with essential infrastructure like grease traps, exhaust hoods, and kitchen setups.Why it’s a smart choice:

  • Substantial cost savings on build-out expenses.

  • Quicker launch timelines, often within 1–3 months.

  • Simplified zoning and permitting processes, as the space is already compliant.

3. What should I look for during the due diligence process?

When buying an existing restaurant, ensure you:

  • Analyze financial records, including profit and loss statements, tax filings, and debts.

  • Inspect the condition of equipment, infrastructure, and the property.

  • Verify compliance with local permits, health codes, and zoning laws.

  • Review lease agreements to understand your obligations and terms.

4. What are the potential challenges of buying an existing restaurant?

Some common challenges include:

  • Hidden liabilities, such as debts or outdated equipment.

  • Difficulty rebranding or reshaping the restaurant’s identity without losing existing customers.

  • Potential cultural mismatches with existing staff.

  • Higher upfront costs if the property or equipment requires significant upgrades.

5. How can a restaurant broker help me in this process?

A restaurant broker provides invaluable expertise, including:

  • Identifying the right opportunities, such as second-generation restaurants or profitable locations.

  • Conducting market analysis to assess foot traffic, competition, and customer demographics.

  • Assisting with negotiations to secure favorable lease terms or purchase prices.

  • Connecting you with trusted professionals, such as attorneys, accountants, and contractors.

Jimmy Carey Commercial Real Estate

Buying an existing restaurant can be a rewarding opportunity, but it requires careful consideration and expert guidance. Whether you’re looking at a fully operational business or a second-generation space, the Jimmy Carey Commercial Real Estate Team can help you navigate every step of the process.

With years of experience as restaurant brokers, we provide unparalleled insight into Atlanta restaurants for sale, ensuring you find the perfect fit for your vision. Contact us today to learn more about how we can support your journey in the restaurant industry.

Take the first step toward restaurant ownership with confidence—reach out to the Jimmy Carey Commercial Real Estate Team for expert assistance!

Call us or email us at 305-788-8207 & jimmy@jimmycareycre.com

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Jimmy Carey Blog • Uncategorized • January 3, 2025

Restaurant Startup Costs: A Comprehensive Guide

by Jimmy Carey
Architect drawing a plan for a restaurant bar area

Restaurant Startup Costs

Starting a restaurant is an exciting journey, but it requires careful planning and financial investment. Understanding the full scope of startup costs is critical to ensure your venture starts on solid ground. At the Jimmy Carey Commercial Real Estate Team, Atlanta’s trusted restaurant brokers, we’ve helped countless restaurateurs turn their dreams into reality by providing expert guidance at every step.

In this guide, we break down the key costs involved in opening a restaurant, helping you budget effectively, avoid surprises, and focus on what matters most—delivering an unforgettable dining experience.

Why Understanding Restaurant Startup Costs Is Critical

Opening a restaurant involves more than leasing a space and setting up tables. From construction to marketing, every aspect requires thoughtful financial planning. Understanding these restaurant startup costs helps you:

  • Set REALISTIC expectations and secure financing.

  • Avoid overspending and costly delays.

  • Prioritize investments that enhance customer experience.

Proper budgeting is the first step toward building a successful restaurant in Atlanta or beyond.

Key Restaurant Startup Costs

Here’s a detailed breakdown of the major expenses restaurateurs face when starting their businesses

Architect drawing a plan for a restaurant bar area

Jimmy Carey Commercial Real Estate

1. Construction Costs:

Transforming a vacant space into a fully operational restaurant is often one of the largest expenses. Construction costs can vary widely depending on the space’s condition, size, and your vision.

What’s Included in :

  • Demolition and removal of existing structures.

  • Environmental remediation

  • Building walls, ceilings, and flooring.

  • Plumbing, electrical installations, and HVAC upgrades.

Average Cost: $130 to $500 per square foot, depending on the location and scope of work.

Pro Tip: Partner with experienced contractors who understand restaurant -specific needs, such as grease traps and ADA compliance.

Alternative: Save Money with a Second-Generation Restaurant

Purchasing a second-generation restaurant space that has already operated as a restaurant—can save time and money.

How It Saves Money in restaurant startup costs:

  • No major construction costs: Saves $150–$300 per square foot.

  • Pre-installed infrastructure: Grease traps and hoods save $10,000–$100,000.

  • Included kitchen equipment: Reduces costs by $10,000–$200,000.

How It Saves Time:

  • Faster launch: Ready in 1–3 months versus 6–15 months for build-outs.

  • Simplified licensing: Pre-existing zoning and permits streamline approvals.

Tips for Success:

  • Inspect the space and equipment thoroughly.

  • Work with the Jimmy Carey Commercial Real Estate Team to find the perfect second-generation location in Atlanta.

  • Explore restaurant spaces in Atlanta.

Restaurant grease trap interceptor with solid cast iron manhole cover

Jimmy Carey Commercial Real Estate Team

2. Grease Trap and Hood Installation

Grease traps and exhaust hoods are essential for health and safety compliance in commercial kitchens.

Cost:

  • Grease trap: $8,000–$35,000, depending on size, difficulties and installation type.

  • Exhaust hood: $17,000–$150,000, based on complexity.

Pro Tips:

  • Ensure compliance with Atlanta’s health and safety regulations to avoid costly delays.

  • Keep in mind that a Scrubber Hood System involves a higher upfront installation cost and requires significant annual maintenance expense.

Commercial restaurant Kitchen with pots and pans on a gas stove with mise en place

Jimmy Carey Commercial Real Estate Team

3. Equipment

Every restaurant requires high-quality kitchen equipment to function efficiently.

Examples:

  • Ovens, fryers, grills, and flat tops.

  • Refrigerators and dishwashers.

  • Prep tables and storage shelving.

Cost: $25,000–$400,000, depending on the kitchen’s size and scope.

Pro Tip: Mix good-quality used equipment with new purchases. Have refrigeration units inspected by a professional before buying used.

4. Utilities Paid During Construction

Utility costs for water, electricity, and gas start even before your doors open. Construction and setup often require heavy energy use.

Cost: $1,000–$25,000, depending on the project duration.

Pro Tip: Monitor energy usage during construction to avoid unnecessary expenses.

5. Marketing and Advertising in Restaurant Startup Budgets

Effective marketing is essential to create buzz and attract customers to your new restaurant.

What’s Included:

  • Social media campaigns.

  • Online presence.  IE:  Google Maps

  • Website development.

  • Professional photography and promotional materials.

  • Influencer collaborations.

Cost: $5,000–$40,000 initially; ongoing costs average 4% of total revenue.

Pro Tip: Focus on digital platforms like Instagram and TikTok to reach younger audiences in Atlanta’s dynamic dining scene.

6. Architect and Engineer Fees

Experienced architects and engineers ensure your restaurant is functional, visually appealing, and compliant with building codes.

Cost: $10,000–$50,000, depending on project complexity.

Pro Tip: Hire professionals with experience in restaurant design to optimize your space’s efficiency.

7. Consulting, Accounting & Attorney Fees

Hiring a consultant can provide valuable expertise in menu design, kitchen workflows, and operational efficiency.

Legal and financial professionals are essential for setting up your business and maintaining compliance.

Attorney Fees: For reviewing leases, contracts, and permits.

Cost: $2,500 to $15,000.

Accountant Fees: For setting up bookkeeping and tax planning.

Cost: $2,500 to $10,000 initially.

Consulting Fees: depending on the consultant’s expertise, scope of work, and involvement.

Cost: $5,000–$40,000, depending on scope.

Pro Tips:

  • Always choose professionals with restaurant industry experience and knowledge.

  • While consulting fees may seem high, the expertise can save you time and money in the long run.

8. Kitchen Smallware and China/Glassware/Other restaurant startup costs

Don’t overlook the smaller tools and utensils your kitchen needs to operate.

Examples:

  • Pots, pans, and knives.

  • Small appliances like blenders and food processors.

  • China, glassware, and serving utensils.

Cost: $5,000–$120,000, depending on your operation size.

Pro Tip: Invest in durable, high-quality items to avoid frequent replacements.

9. Furniture and Fixtures

Your restaurant’s furniture and décor contribute to its ambiance and customer appeal.

Examples:

  • Tables, chairs, banquettes, bar, and barstools.

  • Lighting, artwork and wall décor.

  • Cabinetry & Millwork

  • Acoustic reduction, office furnishings

Cost: $12,000–$200,000, depending on your concept.

Pro Tip: Align furniture and décor with your branding to create a cohesive experience.

10. Licenses and Permits

Securing the necessary licenses and permits is critical for legal compliance.

What’s Included:

  • Business license: $200–$1,000 annually.

  • Health and food service permits: $300–$1,500 combined.

  • Alcohol license: $7,000–$500,000, depending on type and location.

  • Fire Department and Signage Permits: $500–$2,500 combined.

  • Music Licenses (if applicable): $300–$1,000 annually.

Total Cost: $5,000–$500,000.

Pro Tip: Start the application process early, as approvals can take months. Work with professionals to avoid errors or delays.

11. Employee Training Costs

A well-trained team ensures excellent customer service and operational efficiency.

What’s Included:

  • Orientation and compliance certifications.

  • Technology and POS system training.

  • Mock service and pre-opening events.

  • Friends and Family:  pre opening event(s) where a restaurant invites close acquaintances to simulate real dining experiences.

Cost: $7,000–$50,000 upfront, with ongoing training expenses.

Pro Tip: Use online platforms and cross-train employees to save costs and improve flexibility.

12. Software and Point-of-Sale Systems

Efficient software and POS systems are critical for managing orders, inventory, and payments.

Examples:

  • POS terminals and software.

  • Inventory management systems.

  • Employee scheduling tools.

Cost: $6,000 to $35,000, including hardware and initial setup.

Pro Tip: Research POS systems that integrate with delivery platforms like DoorDash and Uber Eats for added convenience.

13. Miscellaneous Costs,

Don’t forget to budget for smaller but important expenses:

  • Uniforms for staff ($1,200 to $3,000).

  • Menu Printing or Menu Boards ($300 to $6,000), often overlooked restaurant startup costs

  • Music and/or TV system & Installation ($500 to $50,000)

  • Linen company set costs ($500 to $1,000)- See below Pro Tips

  • Permit Running Expeditor ($3,500 to $30,000)

  • Initial inventory of food and beverages ($5,000 to $100,000).

  • Signage for your restaurant’s exterior ($3,000 to $10,000).

Pro Tips:

  • Always add a 10-15% contingency fund to your budget for unexpected expenses.

  • Be cautious of Linen Company contracts that usually include unfair or exploitative terms.  Read the fine line and always negotiate the terms and personal guarantees.

How the Jimmy Carey Commercial Real Estate Team Can Help Minimize Restaurant Startup Costs

Navigating the complexities of restaurant startup costs can feel overwhelming, but with the right expertise, it becomes manageable—and even exciting. At the Jimmy Carey Commercial Real Estate Team, we specialize in supporting restaurateurs across Atlanta, including vibrant areas like Downtown, Midtown, West Midtown, and Buckhead, as well as surrounding cities like Cumming, Roswell, and Alpharetta.

We’re proud to serve clients throughout the entire state of Georgia, ensuring you find the perfect location and expert support to bring your restaurant vision to life.

Let us help you make your restaurant dreams a reality!

  • Find prime locations tailored to their concept and budget.

  • Negotiate favorable lease term and reduce restaurant startup cost

  • Connect with trusted professionals like architects, contractors, and consultants.

  • Provide data-driven insights to guide financial planning.

 

Starting a restaurant requires careful planning and significant investment, but with the right approach, it can be incredibly rewarding. By understanding and budgeting for these costs, you’ll be better prepared to launch your restaurant successfully.

If you’re ready to take the first step, the Jimmy Carey Commercial Real Estate Team is here to help. Contact us today to find your ideal restaurant location in Atlanta and start your journey to success.  Learn how the Jimmy Carey Commercial Real Estate Team helps minimize restaurant startup costs.

Contact the Jimmy Carey Commercial Real Estate Team today to find your ideal restaurant location in Atlanta!

Jimmy Carey Commercial Real Estate Team

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Jimmy Carey Blog Restaurant for Sale in Decatur, GA: Why Turnkey Opportunities Are Fueling Atlanta’s Dining Boom Decatur, Georgia, has long been one of Atlanta’s most beloved communities — known for its charm, walkability, and thriving restaurant scene. But over the past few years, Decatur has evolved from a local favorite into one of Metro Atlanta’s most sought-after dining destinations. For aspiring restaurateurs and seasoned operators, this transformation presents something special: an […]
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Jimmy Carey Blog • Uncategorized • January 2, 2025

Top 8 Mistakes New Restaurant Owners Make and How to Avoid Them

by Jimmy Carey
Modern restaurant located on corner of downtown
Business owners having a meeting in a large table with open computers

Jimmy Carey Commercial Real Estate

Top 8 Mistakes New Restaurant Owners Make and How to Avoid Them

Starting a restaurant is an exciting journey filled with endless opportunities. However, the path to success is riddled with challenges, and even the smallest missteps can have significant consequences. At the Jimmy Carey Commercial Real Estate Team, we’ve worked with countless restaurateurs, helping them find the perfect location and navigate the complexities of the restaurant business. Here are the top 8 mistakes new restaurant owners make—and how to avoid them—to ensure your venture thrives.

1. Choosing the Wrong Location

One of the most critical decisions for any restaurant is its location. Many new owners choose a spot based on rent affordability or personal preference without considering factors like foot traffic, target demographics, and visibility.

How to Avoid This Mistake

  • Conduct thorough market research to identify neighborhoods that align with your target audience.

  • Assess foot traffic, parking availability, and nearby competition.

  • Perform a Competitor Analysis:, study the performance of nearby restaurants to determine what works in the area. Are they drawing steady crowds? What price points are customers willing to pay?

  • Work with professionals like the Jimmy Carey Commercial Real Estate Team, who specialize in finding prime restaurant locations in Atlanta. We’ll help you analyze the market and secure a spot that sets your restaurant up for success.

    Modern restaurant located on corner of downtown

    Jimmy Carey Commercial Real Estate

2. Underestimating Startup Costs

Starting a restaurant is expensive, and many new owners fail to budget for unexpected costs like equipment repairs, permits, and marketing. This can lead to financial strain or, worse, running out of capital before the business takes off.

How to Avoid This Mistake

  • Create a detailed budget that includes both fixed and variable costs.

  • Build a financial cushion of at least 6 months’ worth of operating expenses.

  • Seek advice from experienced brokers and consultants to understand realistic cost projections.

  • Plan for Maintenance Costs, include a contingency fund in your budget for equipment repairs, utility upgrades, or unexpected building improvements.

  • Secure Flexible Financing, work with financial advisors to explore funding options, including SBA loans or investors who understand the restaurant industry.

Jimmy Carey Commercial Real Estate

3. Ignoring the Importance of Branding

A great menu isn’t enough to make your restaurant stand out. Neglecting branding—your restaurant’s visual identity, tone, and unique value—can make it difficult to attract and retain customers.

How to Avoid This Mistake

  • Invest in professional branding that reflects your restaurant’s concept and values.

  • Create a cohesive experience, from your logo and menu design to the ambiance of your space.

  • Ensure your location complements your branding. The Jimmy Carey Commercial Real Estate Team can help find a space that aligns with your vision and enhances your brand identity.

  • Tell a Story, use your branding to communicate the story behind your restaurant. Customers are drawn to businesses with personality and authenticity.

  • Leverage Social Media for Branding, platforms like Instagram and TikTok are powerful tools for visually showcasing your restaurant’s atmosphere, dishes, and values.

4. Poorly Designed Menu

A menu that’s too extensive, poorly priced, or inconsistent with your concept can confuse customers and hurt profitability. Many new owners try to please everyone instead of focusing on a niche.

How to Avoid This Mistake

  • Develop a concise menu that highlights your best dishes and keeps food costs manageable.

  • Regularly review and adjust pricing based on food costs and customer preferences.

  • Test your menu with focus groups to gather feedback before launch.

  • Focus on Seasonal Ingredients, create a menu that incorporates seasonal produce. This reduces costs and keeps your offerings fresh and exciting.

  • Analyze Sales Data, regularly review sales to identify which dishes perform well and which don’t. Optimize your menu by removing low-performing items and doubling down on bestsellers.

Restaurant table with menu, food and salt & pepper shakers.

Jimmy Carey Commercial Real Estate

5. Neglecting Marketing and Online Presence

In today’s digital age, a strong online presence is non-negotiable. Yet, many new owners fail to invest in marketing, relying solely on word-of-mouth. This can limit their reach and slow growth.

How to Avoid This Mistake

  • Set up a professional website with online ordering capabilities.

  • Leverage social media platforms like Instagram, Facebook, and TikTok to showcase your dishes and engage with customers.

  • Partner with influencers or host community events to create buzz.

  • Claim Your Online Listings, ensure your restaurant is listed on Google My Business, Yelp, and TripAdvisor with accurate details, photos, and menus.

  • Implement Loyalty Programs, create incentives for repeat visits, such as discounts or rewards for frequent diners. These can be promoted through social media and email marketing.

6. Overlooking the Importance of Staff Training

Your team is the face of your restaurant, and untrained or disengaged staff can negatively impact customer experiences. Many new owners underestimate the importance of comprehensive training programs.

How to Avoid This Mistake

  • Create detailed training manuals for all positions.

  • Foster a positive work culture that encourages teamwork and excellent customer service.

  • Hold regular training sessions to ensure consistency and keep employees motivated.

  • Cross-Train Employees, equip your staff to handle multiple roles, such as bartending and serving, to enhance flexibility during busy shifts and employee call-outs.

  • Establish a Feedback Loop, regularly collect feedback from employees to identify training gaps and improve workflows.

7. Not Understanding Local Zoning and Permits

New restaurant owners often underestimate the complexity of local regulations. Missing permits or zoning issues can delay openings and lead to costly fines.

How to Avoid This Mistake

  • Consult experts to understand all necessary permits and zoning requirements in Atlanta.

  • Partner with the Jimmy Carey Commercial Real Estate Team, who can guide you through the logistical aspects of securing a restaurant space.

  • Engage Legal Expertise, consult with a local attorney specializing in restaurant law to ensure compliance with Atlanta’s regulations.

  • Use a Checklist for Permits, create a comprehensive checklist of permits, including liquor licenses, health inspections, and fire safety clearances, to ensure no detail is overlooked.

8. Failing to Adapt to Market Trends

The restaurant industry evolves quickly, and failing to adapt can leave you behind. Whether it’s ignoring dietary and menu trends or overlooking technology like online ordering, staying stagnant is a recipe for disaster.

How to Avoid This Mistake

  • Stay informed about industry trends and customer preferences.

  • Implement technologies like QR code menus, contactless payments, and delivery platforms.

  • Regularly update your menu and marketing strategies to remain relevant.

  • Experiment with Chef Specials, temporary or seasonal pop-ups to test new concepts and menu items.  Keep it interesting for your fan base so they keep coming for more!

  • Stay Active in Industry Networks, attend industry conferences, local events, and restaurant expos to stay informed about emerging trends.  A great Industry Conference is the National Restaurant Association show in Chicago that is held yearly in the month of May.

How the Jimmy Carey Commercial Real Estate Team Can Help

Avoiding these common mistakes starts with making informed decisions—and that’s where we come in. At the Jimmy Carey Commercial Real Estate Team, we specialize in helping restaurateurs navigate the complexities of the industry.

Here’s how we can support you:

  • Location Expertise: We’ll help you find a prime restaurant location in Atlanta that aligns with your concept and target audience.

  • Market Insights: Gain access to data on demographics, foot traffic, and competition.

  • Lease Negotiation: Secure favorable terms to maximize your profitability.

  • Guidance: With 37 years of experience in the restaurant and hospitality industry, we provide insights that go beyond real estate.

Starting a restaurant is no small feat, but with the right approach, it can be incredibly rewarding. By avoiding these eight common mistakes and partnering with experts like the Jimmy Carey Commercial Real Estate Team, you’ll be well-equipped to turn your vision into reality.

Ready to take the first step? Contact us today at 305-788-8207 or jimmy@jimmycareycre.com to find the perfect restaurant location in Atlanta and let us help you build a thriving business. Check out our featured restaurant listings!

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Jimmy Carey Blog Restaurant for Sale in Decatur, GA: Why Turnkey Opportunities Are Fueling Atlanta’s Dining Boom Decatur, Georgia, has long been one of Atlanta’s most beloved communities — known for its charm, walkability, and thriving restaurant scene. But over the past few years, Decatur has evolved from a local favorite into one of Metro Atlanta’s most sought-after dining destinations. For aspiring restaurateurs and seasoned operators, this transformation presents something special: an […]
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Jimmy Carey Blog • Uncategorized • December 1, 2024

The Secret Recipe for Choosing the Perfect Restaurant Location

by Jimmy Carey
Taco Restaurant located in high traffic area with urban characteristics and walk up order window.
Taco Restaurant located in high traffic area with urban characteristics and walk up order window.

Jimmy Carey Commercial Real Estate

In the competitive world of restaurants, your location can make or break your business. The perfect spot isn’t just about being in a high-traffic area; it’s about understanding your target audience, analyzing the market, and aligning your concept with the local environment. The Jimmy Carey Commercial Real Estate Team, your trusted Atlanta restaurant brokers, understands the complexities of finding the ideal location. With our extensive expertise in the Atlanta restaurant market, we are here to help you make informed decisions to ensure your restaurant’s success.

Why Location Matters for Restaurants

Before diving into the step-by-step process, it’s crucial to understand why your restaurant’s location is so critical. A great location ensures visibility, accessibility, and alignment with your target audience. It influences foot traffic, operational costs, and even your branding. Whether you’re opening a cozy café, a trendy bistro, a fast food franchise or a quick-service restaurant, your location is an integral part of your business strategy.

Step 1: Define Your Target Market

The first step in choosing the perfect restaurant location is understanding who your customers are. Are you catering to millennials seeking Instagram-worthy brunch spots? Families looking for a kid-friendly dining experience? Or business professionals needing a convenient lunch option?

Understanding your audience’s preferences, habits, and spending patterns will narrow down your location choices. The Jimmy Carey Commercial Real Estate Team conducts in-depth market research to help you identify your ideal customer base and match it to the best available locations in Atlanta and surrounding areas.

Step 2: Analyze the Demographics

Once you’ve defined your target market, analyzing demographics becomes key. Factors like age, income level, lifestyle preferences, and even cultural influences play a role in determining whether a particular neighborhood is suitable for your concept.

For example, an upscale dining restaurant would thrive in neighborhoods like Buckhead and Alpharetta and Sandy Springs known for its affluent residents, while a fast-casual eatery might be better suited to Midtown, West Midtown, Poncey or Downtown Atlanta, where foot traffic and younger crowds dominate. Our team’s local expertise ensures you’re not only analyzing the right data but also interpreting it to make informed decisions.

Step 3: Evaluate Accessibility and Visibility

Even the best menu won’t save a restaurant if customers struggle to find or access it. Accessibility and visibility are non-negotiable when choosing a restaurant location.

Key factors to consider include:

  • Foot Traffic: Locations near busy streets, shopping centers, or transit hubs often guarantee a steady stream of potential customers.

  • Parking and Public Transport: Ample parking or proximity to public transport can make your restaurant more convenient for customers.

  • Signage: A visible sign on a busy road can attract curious diners and passersby.

The Jimmy Carey Commercial Real Estate Team specializes in identifying high-visibility locations with strong accessibility, ensuring your restaurant gets the attention it deserves.

Step 4: Study Your Competition

While competition can be intimidating, it’s also an opportunity to learn and grow. Before settling on a location, research the area’s existing restaurants.

Ask yourself:

  • Are there restaurants offering similar cuisines?

  • How is their foot traffic?

  • What’s their price point?

The presence of successful competitors can indicate that the area has demand for your concept, but overcrowding might signal market saturation. Our team conducts competitive analyses to ensure your restaurant stands out while benefiting from existing demand.

Step 5: Assess Costs and Financial Viability

A dream location isn’t so dreamy if it drains your budget. Rent, utilities, and property taxes vary significantly across Atlanta. It’s important to balance location desirability with financial feasibility.

Questions to consider:

  • Can your restaurant’s projected revenue cover the rent and other fixed costs?

  • Are there hidden costs, such as maintenance or community fees?

  • What’s the potential ROI for this location?

The Jimmy Carey Commercial Real Estate Team is adept at negotiating leases and helping restaurateurs find locations that align with their financial goals.

Step 6: Consider the Future

The perfect restaurant location isn’t just about what works today—it’s about what will work in the future. Researching development plans, zoning changes, and neighborhood growth trends can provide valuable insights.

For instance, areas in the Metro Atlanta and “Outside the Perimeter (OTP)” are experiencing rapid development and could be ideal for a restaurant looking to capitalize on future growth. Our team stays informed about local trends to help you make forward-thinking decisions.

How the Jimmy Carey Commercial Real Estate Team Can Help

Choosing the perfect restaurant location in Atlanta is no small feat, but you don’t have to do it alone. The Jimmy Carey Commercial Real Estate Team specializes in restaurant brokerage, combining decades of experience in the food and beverage industry with unparalleled local market knowledge.

Here’s how we can help you:

  • Customized Property Searches: We tailor our property searches to match your concept, budget, and target audience.

  • Market Analysis: Our team provides detailed insights into Atlanta’s hottest restaurant markets.

  • Lease Negotiation: We advocate for favorable lease terms, helping you secure the best deal possible.

  • Expert Guidance: With 35+ years of experience in the restaurant and hospitality industry, we offer invaluable advice that goes beyond real estate.

Whether you’re a first-time restaurateur or an experienced operator looking to expand, we are committed to your success.

Real-Life Examples: Success Stories from the Jimmy Carey Commercial Real Estate Team

  1. Transforming Vision into Reality:

    A health-focused café in the Atlanta Beltline thrives on steady foot traffic from co-working spaces and gyms.

  2. Revitalizing a Historic Space:

    A restaurant blending modern cuisine with historic charm has become a citywide favorite.

  3. Expanding a Popular QSR Local Chain:

    High-performing location secured in underserved area based on traffic and consumer data.

Tips for First-Time Restaurateurs

  1. Start Small: Consider smaller spaces to minimize overhead costs.

  2. Leverage Flex Spaces: Test your concept in pop-ups or shared kitchens.

  3. Think Beyond Traditional Metrics: Use online orders and delivery services to expand reach.

Start Your Journey with Us

When searching for Atlanta restaurant brokers, Atlanta commercial real estate experts, or Atlanta business brokers, look no further than the Jimmy Carey Commercial Real Estate Team. We specialize in helping restaurateurs identify, secure, and succeed in the perfect restaurant location.

The restaurant industry is full of challenges, but finding the right location doesn’t have to be one of them. Let the Jimmy Carey Commercial Real Estate Team guide you through the process, from identifying the ideal neighborhood to negotiating the best lease terms.

Contact us today to schedule a consultation and take the first step toward making your restaurant dreams a reality. Together, we’ll find the perfect location that aligns with your vision, budget, and business goals.

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Jimmy Carey Blog • Uncategorized • August 11, 2024

Understanding Personal Guarantees in Commercial Real Estate

by Jimmy Carey
Restaurant Bar with tall ceilings and large menu chalk boards describing menu items and steaks

Personal Guarantees In Commercial Real Estate

Restaurant Bar with tall ceilings ready for lease negotiation and mitigation of Personal Guarantees

Jimmy Carey Commercial Real Estate

Personal guarantees are a significant aspect of commercial real estate leases, particularly for tenants with restaurants and Food & Beverage businesses . In this blog, we’ll explore what a personal guarantee is, why landlords often require them, what happens when a tenant defaults, strategies to reduce the personal guarantee burden, and how the Jimmy Carey Commercial Real Estate Team can assist in negotiating these guarantees.

 

What is a Personal Guarantee?

A personal guarantee is a legal commitment by an individual to repay a debt if the business they represent defaults on a lease or loan. In Commercial Real Estate and Leases, this means that if a tenant’s business fails to meet its lease obligations, the landlord can pursue the personal assets of the guarantor, typically the business owner or a key executive, to recover unpaid rent and other associated costs.

 

The Mechanics of a Personal Guarantee

When a business leases commercial space, the landlord is taking a financial risk. They are essentially betting on the success and solvency of the tenant’s business to ensure that rent is paid consistently over the term of the lease. However, for many small businesses, startups, or companies with limited credit history, landlords may feel that the risk is too great without additional security. This is where a personal guarantee comes into play.

A personal guarantee serves as an extra layer of protection for the landlord. By signing a personal guarantee, the guarantor (usually the business owner) puts their own financial well-being on the line. This commitment can cover not only unpaid rent but also other lease-related expenses, such as repair costs, property damage, or legal fees, in the event the tenant defaults.

 

FOUR Different Types of Personal Guarantees

  •  Personal Guarantee 

This is the most comprehensive form of personal guarantee. It means that the guarantor is personally liable for the full amount of the lease obligations, including any outstanding rent, damages, legal fees, and potentially even future rent until the space is re-leased.

The Risk-  The guarantor’s personal assets, including savings, investments, and possibly even their home, can be pursued by the landlord to satisfy any debt owed under the lease.

  • Limited Personal Guarantee

Unlike an unlimited guarantee, a limited personal guarantee caps the guarantor’s liability at a specific dollar amount or is limited to a certain period of time, such as the first year of the lease.

The Risk-  This type of guarantee reduces the financial exposure of the guarantor but still provides the landlord with some security.

  • Several Guarantees

In situations where multiple people (such as business partners) sign the lease, a several guarantee means that each guarantor is only responsible for their proportionate share of the liability.

The Risk-  This can mitigate individual risk but still holds each party accountable for their share of the lease obligations.

  • Joint and Several Guarantees

This type of guarantee holds each guarantor individually responsible for the entire debt. If one guarantor cannot pay, the landlord can pursue the full amount from any of the guarantors.

The Risk-  This creates significant personal risk for all involved parties, as each is fully liable for the entire lease obligation.

 

Why Do Commercial Real Estate Landlords Require Personal Guarantees?

Mitigating Financial Risk

At the heart of the matter is risk management. Commercial real estate leases typically involve substantial financial commitments, often spanning several years. Landlords must be confident that the tenant can meet these obligations, including paying rent, covering maintenance costs, and fulfilling other lease terms. However, for businesses that are just starting out or have limited financial history, this confidence may be lacking.

A personal guarantee provides landlords with a safety net. By requiring a business owner or key executive to personally guarantee the lease, the landlord ensures that they have a secondary source of payment if the business itself fails. This means that the landlord can go after the guarantor’s personal assets—such as savings, investments, or real estate—if the business defaults. This additional layer of security makes it more likely that the landlord will recover any losses associated with the lease.

 

Lack of Established Credit or Business History

New businesses or those with a short operating history often have limited or no credit history, making it difficult for landlords to assess their ability to meet lease obligations. Even established businesses in high-risk industries, like restaurants, may not inspire confidence if they’ve experienced financial instability in the past.

In such cases, a personal guarantee can serve as a form of credit enhancement. The guarantor’s personal financial standing is used as a substitute for the business’s limited creditworthiness. This can make the landlord more comfortable leasing to a business that might otherwise be considered too risky.

Protection Against Business Bankruptcy

Businesses, especially small or startup enterprises, are inherently risky. Market fluctuations, lack of experience, economic downturns, or poor business decisions can all lead to financial distress or even bankruptcy. If a tenant files for bankruptcy, the business’s lease obligations may be discharged, leaving the landlord without the rent they were counting on.

A personal guarantee protects landlords from this scenario. If the business files for bankruptcy, the guarantor is still personally liable for the lease obligations, unless the bankruptcy court discharges the personal guarantee as well. This can make the difference between a landlord receiving payments or being left with an unoccupied, non-income-generating property.

Ensuring Accountability

Personal guarantees also serve to align the interests of the tenant and the landlord. When a business owner has their personal assets on the line, they are more likely to prioritize paying rent and maintaining the property. This accountability helps landlords feel more secure that the tenant will take their lease obligations seriously, even during tough times.

For landlords, especially those dealing with properties in high-demand markets like Atlanta, securing a tenant who is personally invested in the success of the business—and therefore the lease—can be a major advantage.

Compensating for Lack of Security Deposits

In some cases, landlords may require a personal guarantee as an alternative to a large security deposit. While a security deposit provides some level of financial protection, it is typically limited to a few months’ rent. A personal guarantee, on the other hand, can cover the full value of the lease and any additional costs associated with a default, making it a more comprehensive form of security.

Landlords may also prefer personal guarantees because they can be easier to enforce than trying to collect from a security deposit, especially in cases where the costs of re-leasing the property or legal fees exceed the deposit amount. 

Strategies to Reduce the Personal Guarantee

Given the potential risks, tenants often seek ways to reduce the burden of personal guarantees. Some effective strategies include:

  • Negotiating a Cap-  Limit the amount of the personal guarantee to a fixed sum or a certain number of months’ rent.
  • Burn-off Clauses-  These clauses gradually reduce the personal guarantee over time, often contingent on timely rent payments and the financial performance of the business.
  • Substituting Security Deposits-  Offering a larger security deposit or a letter of credit in lieu of a personal guarantee can sometimes be an acceptable alternative for landlords.
  • Corporate Guarantees- If the business entity has substantial assets, offering a corporate guarantee instead of a personal one can be a viable option.

 

Jimmy Carey Commercial Real Estate logo with chef hat and bright orange neckerchief.

Jimmy Carey Commercial Real Estate

 

The Jimmy Carey Commercial Real Estate Team Can Help!

Navigating the complexities of commercial real estate leases can be a daunting task, especially for business owners who may not be familiar with the intricate legal and financial terms involved. The stakes are high, and the terms you agree to can have long-lasting implications for your business’s financial health and operational success. This is where the Jimmy Carey Commercial Real Estate Team comes in—offering expert guidance, strategic negotiation skills, and deep market knowledge to help you secure the most favorable lease terms possible.

Expert Guidance Through the Leasing Process

The Jimmy Carey Commercial Real Estate Team understands that each business has unique needs and goals. Whether you’re a restaurant owner in Atlanta looking to lease a prime location or a retailer seeking to expand your presence in a bustling commercial district, our team tailors our approach to fit your specific situation. We guide you through every step of the leasing process, from identifying the right property to negotiating the final lease agreement.

Our expertise lies not only in understanding the legal jargon and financial aspects of commercial leases but also in knowing the local market inside and out. We have our finger on the pulse of the Atlanta commercial real estate market, which allows us to provide insights that are crucial in securing the best possible deal for your business.

Strategic Lease Negotiation

One of the most critical aspects of any commercial lease negotiation is ensuring that the terms are favorable and align with your business’s long-term goals. The Jimmy Carey Commercial Real Estate Team excels in strategic negotiation, leveraging our deep understanding of lease structures to advocate for terms that benefit you as a tenant.

  • Rental Rates- Ensuring that the rent is competitive with the market while also aligning with your business’s budget.
  • Lease Duration- Securing a lease term that provides stability without locking you into a commitment that could become burdensome if market conditions change.
  • Renewal Options- Negotiating favorable renewal terms that allow you to maintain your space without facing steep rent increases.
  • Tenant Improvements- Advocating for allowances or contributions from the landlord to help with the cost of customizing the space to fit your business needs.

Our goal is to create a lease agreement that supports your business’s growth and success while minimizing financial risk.

Reducing the Burden of Personal Guarantees

As discussed earlier, personal guarantees are a common requirement in commercial leases, especially for small businesses or startups. However, these guarantees can be a significant financial burden, putting your personal assets at risk. The Jimmy Carey Commercial Real Estate Team has extensive experience negotiating terms that reduce this burden.

  • Capping the Guarantee- Negotiating a limit on the amount of the personal guarantee or the duration for which it applies.
  • Burn-Off Clauses- Securing terms where the personal guarantee diminishes over time, typically tied to the business’s performance or the timely payment of rent.
  • Alternative Security Measures- Proposing alternatives such as larger security deposits, letters of credit, or corporate guarantees that can satisfy the landlord’s need for security without putting your personal assets on the line.

By leveraging our negotiation skills, we work to protect your financial interests and reduce the risks associated with personal guarantees.

Leveraging Market Knowledge and Relationships

In commercial real estate, relationships matter. The Jimmy Carey Commercial Real Estate Team has built strong connections with landlords, business brokers, restaurant brokers property managers, and other key players in the Atlanta market. These relationships, combined with our extensive market knowledge, give us a distinct advantage in negotiations.

We know which landlords are more flexible on certain terms, which properties are in high demand, and how to craft offers that are attractive yet protect your interests. This insider knowledge allows us to negotiate from a position of strength, ensuring that you get the best possible deal.

 

Personalized Tenant Representation

At the Jimmy Carey Commercial Real Estate Team, we take tenant representation seriously. Our approach is personalized, and Hospitality driven, focusing on understanding your business’s unique needs and aligning our strategies with your long-term goals. We act as your advocate, ensuring that your voice is heard and that the lease terms reflect your best interests.

Whether you are leasing your first commercial space, searching for a restaurant for lease in Atlanta, Franchise opportunities, second generation restaurant spaces or expanding to a new location, we provide the expertise and support you need to navigate the process with confidence. Our commitment is to see you succeed, and we go above and beyond to ensure that your lease agreement sets you up for long-term growth and stability.

In summary, the Jimmy Carey Commercial Real Estate Team is your trusted partner in navigating the complex world of commercial lease negotiations. With our expert guidance, strategic negotiation skills, and deep market knowledge, we help you secure favorable lease terms that protect your interests and support your business’s success. Whether it’s reducing the burden of personal guarantees, securing competitive rental rates, or ensuring flexible lease terms, we are committed to achieving the best outcomes for you. Let us help you turn the challenge of lease negotiation into an opportunity for growth and success in the Atlanta commercial real estate market.

JCCRE FLYER 7-24

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Jimmy Carey Blog • June 16, 2024

🔥 Turnkey Mexican Restaurant Asset Sale! 🔥

by Jimmy Carey
Bright red painted Mexican restaurant located in the Little Five Points area of Atlanta listed by Jimmy Carey Commercial Real Estate

Mexican Restaurant Asset Sale, in Little Five Points, Atlanta

**This is an Asset Sale, Books or Financials will NOT be provided**

Bright red painted Mexican restaurant located in the Little Five Points area of Atlanta listed by Jimmy Carey Commercial Real Estate

Jimmy Carey Commercial Real Estate

Mexican Restaurant Asset Sale, transform or keep this space into a bustling, energetic hotspot for Mexican food lovers. Ideal for both seasoned restaurateurs and passionate newcomers ready to dive into the restaurant scene.

Priced at–  $159,000 (Motivated Seller)

Rent-  $7,000 Size-  Spacious 2,500 square feet Location-  Centrally located in the heart of Little Five Points

Prime Spot-  Nestled in the vibrant Little Five Points, surrounded by the trendy Inman Park, Edgewood, Candler Park, and Poncey-Highland neighborhoods.

Fully Loaded-  Includes all Furniture, Fixtures, and Equipment (FF&E) you need.

Chef’s Dream-  Expansive kitchen with a 20-foot hood, walk-in cooler & freezer, built for high volume.

Margarita Bar-  The 10-seat bar area is inviting, making it a perfect spot for patrons to unwind.

Chill Vibes-  Enjoy dual front and back exterior patios perfect for private parties.

Dine in Style-  Seats up to 100 guests comfortably.

Easy Access- 25 convenient parking spaces for hassle-free visits.

Eye-Catching-  In-your-face street frontage and signage opportunity for maximum visibility.

Ready to Roll-  Start serving delicious Mexican cuisine or bring your own Concept from day one with a fully equipped kitchen and dining area.

Bright colored Mexican Restaurant Margarita Bar listed by Jimmy Carey Commercial Real Estate

Jimmy Carey Commercial Real Estate

Discover an Incredible Opportunity: Turnkey Mexican Restaurant Asset Sale in Little Five Points, Atlanta

If you’ve been on the lookout for a prime commercial real estate investment, especially in the vibrant and eclectic neighborhood of Little Five Points, Atlanta, this is your moment. The sale of a fully equipped Mexican restaurant offers a rare chance to own a piece of Atlanta’s dynamic dining scene. With Jimmy Carey Commercial Real Estate handling the transaction, this listing stands out among the many restaurants for sale. Let’s delve into why this opportunity is truly exceptional and why it’s garnering so much attention from restaurant brokers and potential investors.

Mexican restaurant seating area with bright yellow and red colors listed by Jimmy Carey Commercial Real Estate in Atlanta

Jimmy Carey Commercial Real Estate

Prime Location: Little Five Points, Atlanta

Little Five Points is one of Atlanta’s most unique and lively neighborhoods. Known for its bohemian vibe and artistic community, it’s a hotspot for both locals and tourists. The restaurant’s location in this bustling area means a constant flow of foot traffic from nearby popular neighborhoods such as Inman Park, Edgewood, Candler Park, and Poncey-Highland. These neighborhoods are celebrated for their vibrant atmospheres and diverse, eclectic populations, ensuring a steady stream of customers.

Positioned at the heart of Little Five Points, this restaurant benefits from high visibility and excellent street frontage. The neighborhood’s reputation for supporting local businesses and its status as a cultural and commercial hub make it an ideal location for any restaurant. The prominent signage opportunities available with this property are just the cherry on top, ensuring that your establishment will stand out and attract attention.

Mexican restaurant with chandelier and bright earth tone colors listed by Jimmy Carey Commercial Real Estate

Jimmy Carey Commercial Real Estate

Fully Equipped and Ready to Operate

One of the most significant advantages of this listing is that it’s fully equipped and ready for immediate operation. All Furniture, Fixtures, and Equipment (FF&E) are included in the sale, making it a turnkey solution for any entrepreneur looking to dive into the restaurant business without the hassle of outfitting the space from scratch.

The kitchen is a chef’s dream, featuring a spacious layout with a 20-foot hood, walk-in cooler, and walk-in freezer. These facilities are designed to handle high-volume production, making it perfect for serving up delicious Mexican cuisine to a large number of guests. The extensive kitchen setup ensures that you can start cooking from day one, providing a seamless transition into restaurant ownership.

Commercial restaurant kitchen with 20 foot hood and commercial kitchen equipment listed by Jimmy Carey Commercial Real Estate in Atlanta

Jimmy Carey Commercial Real Estate

Chic and Stylish Bar Area

The bar area is a standout feature of this property. With seating for 10, it’s designed to be both chic and inviting. The modern decor and comfortable seating make it an attractive spot for patrons to unwind, enjoy a drink, and socialize. Fully stocked and equipped to serve an extensive array of beverages, from classic cocktails to specialty drinks, this bar is sure to become a favorite hangout for locals and visitors alike.

The bar area also serves as a significant revenue booster. High-margin drinks and the potential for extended service hours can significantly enhance profitability. The social ambiance of the bar encourages guests to linger longer, enjoy conversations, and indulge in the vibrant atmosphere, further driving sales and customer loyalty.

Foyer receiving area of a Mexican Restaurant with host stand listed by Jimmy Carey Commercial Real Estate in Atlanta

Jimmy Carey Commercial Real Estate

Spacious and Inviting Dining Area

This restaurant offers a generous 2,500 square feet of space, comfortably seating up to 100 guests. The inviting dining area includes a charming exterior patio and a cozy front patio, providing versatile seating options that cater to different preferences and dining experiences. Whether it’s an intimate dinner for two or a large gathering of friends, this restaurant can accommodate it all.

The layout is designed to create a welcoming and comfortable environment. The strategic use of space ensures that the dining area feels open and inviting, while still providing enough room for guests to move around comfortably. The ambiance is further enhanced by thoughtfully designed lighting that creates a warm and welcoming environment.

Jimmy Carey Commercial Real Estate

Convenient Parking and High Visibility

In addition to its prime location and fully equipped kitchen, this property offers the convenience of 25 dedicated parking spaces. This ensures that guests have a hassle-free experience, which is a significant advantage in a bustling area like Little Five Points. Easy access to parking can be a major draw for customers, making it more likely they will choose your restaurant over others with less convenient options.

High visibility is another crucial selling point. The property boasts prominent street frontage and excellent signage opportunities. This high visibility ensures that your restaurant will attract a constant stream of customers, driving foot traffic and increasing brand recognition.

Why This Restaurant is a Must-Have Investment

There are several reasons why this turnkey Mexican restaurant asset sale is a must-have for any serious investor:

  1. Prime Location: Situated in the heart of Little Five Points, surrounded by popular neighborhoods, ensuring a steady flow of diverse patrons.

  2. Turnkey Operation: Fully equipped and ready to operate from day one, saving you time and money.

  3. Stylish Bar Area: Designed to impress and boost revenue through high-margin drinks and extended service hours.

  4. Spacious Dining: Accommodates up to 100 guests with versatile seating options, including exterior and front patios.

  5. Convenient Parking: 25 dedicated parking spaces ensure hassle-free access for guests.

  6. High Visibility: Excellent street frontage and signage opportunities to attract a constant stream of customers.

Imagine the Possibilities

Owning a restaurant in such a vibrant and eclectic area opens up a world of possibilities. Little Five Points is known for its support of local businesses and its energetic atmosphere, making it an ideal place to launch or expand a restaurant venture. The turnkey nature of this sale means you can start operating immediately, tapping into the thriving market without delay.

The potential for growth is immense. With ample space and a versatile layout, you can expand and customize the restaurant to reflect your unique vision and brand. The bar area offers opportunities for hosting events, live music, and other entertainment options that can further enhance the restaurant’s appeal and draw in regular crowds.

The Role of Jimmy Carey Commercial Real Estate

Jimmy Carey Commercial Real Estate is renowned for its expertise in handling commercial properties, particularly restaurants for sale. Their extensive experience and industry knowledge ensure that you’re in good hands throughout the transaction process. They understand the nuances of the restaurant business and can provide valuable insights and advice to help you make the most of this investment opportunity.

Why Choose Little Five Points?

Little Five Points stands out as one of Atlanta’s most unique neighborhoods. Its artistic vibe, diverse population, and vibrant street life make it an attractive destination for both locals and tourists. Investing in a restaurant here means becoming part of a community that values creativity, diversity, and local business.

The neighborhood’s eclectic nature ensures a broad customer base, from young professionals and families to artists and tourists. This diversity means that there’s always a steady stream of potential customers looking for new dining experiences. The strong sense of community support for local businesses in Little Five Points also means that your restaurant will be welcomed and supported.

Commercial mexican restaurant kitchen with commercial kitchen equipment and 20 foot hood listed by Jimmy Carey Commercial Real Estate

Jimmy Carey Commercial Real Estate

Act Now – This Opportunity Won’t Last Long

Commercial real estate opportunities like this don’t come around often, especially in such a prime location. The combination of a turnkey operation, prime location, and extensive amenities makes this Mexican restaurant asset sale an exceptional investment. Whether you’re a seasoned restaurateur or an aspiring entrepreneur, this is your chance to make a significant impact in Atlanta’s dynamic dining scene.

For more information or to schedule a viewing, please contact Jimmy Carey Commercial Real Estate at:

📞 305-788-8207 📧 jimmy@jimmycareycre.com

www.jimmycareycommercialrealestate.com

Don’t miss out on this fantastic opportunity to own a piece of Atlanta’s thriving dining scene. Act now and turn your restaurant dreams into reality!

Investing in restaurants for sale, particularly in high-demand areas like Little Five Points, Atlanta, is a strategic move that promises substantial returns. With the guidance of experienced restaurant brokers and the backing of Jimmy Carey Commercial Real Estate, this opportunity is poised to become a cornerstone of your investment portfolio. Seize the moment and take the first step towards owning a successful restaurant in one of Atlanta’s most vibrant neighborhoods.

 

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Jimmy Carey Blog • Uncategorized • May 31, 2024

Cookie Shop Asset Sale Turnkey, Glenwood Atlanta

by Jimmy Carey
Cookie shop full view of counter and kitchen equipment ready for operations

Are you an aspiring entrepreneur or a seasoned business owner looking for the perfect opportunity to own a thriving retail cookie shop sold as an asset sale establishment? Look no further!

Jimmy Carey Commercial Real Estate presents a fantastic investment opportunity with a prime turnkey cookie shop located in the highly desirable Glenwood Park neighborhood, right on the bustling Atlanta Beltline.

Cookie shop kitchen with refrigerators and kitchen equipment

Jimmy Carey Commercial Real Estate

Price: $60,000

A Perfect Opportunity for an Owner-Operator

Property Details:

  • Type: Turnkey Cookie Shop

  • Location: Glenwood Park Neighborhood, Atlanta Beltline

  • Square Footage: 852 Sq Ft

  • Features: Includes a state-of-the-art grease trap

Store front with windows, main door and exposed brick walls

Jimmy Carey Commercial Real Estate

Location Highlights:

  • Prime Location: Situated in the highly desirable Glenwood Park Neighborhood, right on the bustling Atlanta Beltline.

  • High Foot Traffic: Enjoy the benefits of constant pedestrian flow, making it ideal for a retail food business.

  • Great Demographics: The area boasts a vibrant community with a strong customer base.

  • Parking Available: Convenient parking for both customers and staff.

  • Storefront with Good Exposure: Excellent visibility to attract walk-ins and boost sales.

Cookie shop full view of counter and kitchen equipment ready for operations

Jimmy Carey Commercial Real Estate

Why This is a Great Investment:

  • Turnkey Business: Ready for you to bring your inventory and start operations immediately.

  • Ideal for Owner-Operator: Perfect for someone looking to manage and grow their own business.

  • Excellent Value: Priced at just $60,000, this is a fantastic opportunity to secure a prime location in one of Atlanta’s most sought-after areas.

Coffee preparation area with cookie sheet pans next to it

Jimmy Carey Commercial Real Estate

Your Next Business Location Awaits:

Don’t miss out on this unique opportunity to own a thriving cookie shop asset sale in one of Atlanta’s best neighborhoods. The combination of prime location, high foot traffic, and strong community support creates the perfect environment for success.

Imagine walking into your very own bustling cookie shop, with customers eagerly lining up for your delicious treats. The aroma of freshly baked cookies fills the air, drawing in passersby and turning them into loyal patrons. With a prime spot on the Atlanta Beltline, your business will benefit from the vibrant energy of Glenwood Park, a community known for its charm and supportive residents.

This turnkey operation allows you to hit the ground running, with all the essential equipment in place and a setup ready for immediate operation. Whether you’re an experienced entrepreneur or a passionate newcomer to the food industry, this cookie shop offers a wonderful opportunity to make your mark and grow a successful business.

Don’t wait to make your dreams a reality. Act now to secure this exceptional location and start building the business you’ve always envisioned.

For more information or to schedule a viewing, contact Jimmy Carey, a leading expert in restaurant brokers, at 305-788-8207 or via email at jimmy@jimmycareycre.com. You can also visit Jimmy Carey Commercial Real Estate for more details on this and other restaurants for sale in Atlanta.

Contact: Jimmy Carey

Phone:  305-788-8207

jimmy@jimmycareycre.com

www.jimmycareycommercialrealestate.com

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Jimmy Carey Blog The Lease Assignment Trap: Why Landlord Consent Decides More Atlanta Restaurant Sales Than Price   Most restaurant owners think the sale lives or dies on price. In Atlanta, I’ve watched more deals die because of lease assignment and landlord consent than because a buyer negotiated too hard. Here’s the misconception I run into constantly: “My lease has years left. The buyer can just take it over.” In real transactions, that’s […]
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Jimmy Carey Blog • Uncategorized • May 21, 2024

Unlocking Buckhead’s Culinary Potential: An Opportunity for Restaurant Owners and Chefs

by Jimmy Carey
Calling all Chefs flyer for Buckhead Atlanta Food Hall. Opportunity for chefs and restaurant owners

Are you a visionary Restaurant Owner looking to expand your empire, or an innovative Chef ready  to showcase your culinary skills in a prime location? Buckhead’s top culinary hotspot is calling your name. This isn’t just another property listing; it’s an invitation to be part of something extraordinary. Let’s dive into what makes this opportunity unique and why it could be the perfect next step for your Culinary business.  Unlocking Buckhead’s Culinary Potential: An Opportunity for chefs and restaurant owners

Calling all Chefs flyer for Buckhead Atlanta Food Hall. Opportunity for chefs and restaurant owners

Jimmy Carey Commercial Real Estate

Why Buckhead?

Buckhead is renowned for its upscale neighborhoods, vibrant nightlife, and thriving dining scene. It’s a place where food enthusiasts seek out the best culinary experiences. Being part of Buckhead Atlanta means positioning your restaurant or culinary concept in an area known for its high foot traffic and discerning clientele.

The Heart of the Community

Located in a prime location, this property offers more than just a space to cook—it’s a community hub. With ample indoor seating and modern patio options set in green spaces, it creates an inviting atmosphere for guests, making it a go-to destination for dining out. High foot traffic ensures a steady stream of potential customers, making this an attractive spot for any restaurant.

State-of-the-Art Facilities

One of the standout features of this property is its fully equipped, state-of-the-art facilities. From modern advanced kitchen equipment to ample storage, refrigeration, and prep areas, this space is designed to meet the needs of modern culinary professionals. Let’s take a closer look at these features:

Fully Equipped Kitchens

The kitchen facilities are designed with the latest technology and equipment, ensuring efficiency and excellence in food preparation. This allows Chefs to focus on what they do best—creating exceptional dishes. The facilities include a spacious prep area, lots of refrigeration and freezer space, making it a Chef’s dream kitchen.

Ample Indoor Seating

The indoor seating area is spacious and well-designed, providing a comfortable and stylish environment for diners. This is essential for creating a memorable dining experience that encourages repeat visits.

Modern Patio Seating in Green Space

The modern patio seating is not just an add-on; it’s a feature that enhances the overall dining experience. Set in a green space, it offers a relaxing atmosphere where guests can enjoy their meals outdoors, a trend that has become increasingly popular.

Free Parking for Guests and Employees

Accessibility is a crucial factor for any successful restaurant. Free parking for both guests and employees ensures convenience and encourages more foot traffic to your establishment.

The Ideal Spot for Expansion or a New Venture

Whether you’re looking to expand an existing Restaurant or start a new culinary concept, this property provides the perfect platform. Its upscale and prime location, combined with high foot traffic, makes it an ideal spot to attract and retain customers.

Storage, Refrigeration, and Prep Facilities

Efficient storage, refrigeration, and prep facilities are crucial for maintaining the quality and safety of your food. This property’s facilities are designed to meet high standards, ensuring that your ingredients remain in optimum condition, and your kitchen operations run smoothly.

Additionally, each space includes comprehensive kitchen ventilation hood systems and a grease trap, ensuring compliance with health and safety standards and making setup seamless for new tenants.

A Platform for Chefs

This is an Opportunity for Restaurant Owners and Chefs to make their mark, this property offers a unique platform to showcase your culinary skills. The state-of-the-art kitchen and inviting dining spaces provide the perfect backdrop for innovative and exciting culinary creations.

Commercial Kitchen with large hood, convection ovens and kettle. Opportunity for chefs and restaurant owners

Jimmy Carey Commercial Real Estate

Commercial Kitchen with combi ovens made by Rational. Opportunity for chefs and restaurant owners

Jimmy Carey Commercial Real Estate

Commercial Kitchen set up with large hood, tilt skillet, cook and hold ovens, convection ovens, refrigeration and stove burners. Opportunity for chefs and restaurant owners

Jimmy Carey Commercial Real Estate

Commercial Kitchen Prep area with mixers, spices and other commercial cooking utensils.

Jimmy Carey Commercial Real Estate

Commercial Kitchen equipment including convection ovens, candy burner and large kettle. Opportunity for chefs and restaurant owners

Jimmy Carey Commercial Real Estate

Minimum Investment

Entering this prime restaurant space for lease in Buckhead requires a minimum investment, making it accessible for both new ventures and expanding businesses. This lowers the barrier to entry and an Opportunity for Chefs and restaurant owners to allocate more resources towards creating a top-notch dining experience.

Join a Thriving Community

Being part of Buckhead’s culinary scene means joining a community of like-minded professionals who are passionate about food. It’s a chance to collaborate, innovate, and contribute to a vibrant dining culture.

Get in Touch

Ready to take the next step?

Contact Jimmy Carey, Jimmy Carey Commercial Real Estate in Atlanta, to learn more about this exciting opportunity. Jimmy’s expertise in tenant representation and his role as a Restaurant Specialist in Atlanta make him the perfect partner for this venture. With years of experience as one of the top business brokers in Atlanta, he can guide you through the process of securing this prime restaurant space for lease.

Jimmy Carey, Commercial Real Estate F&B Specialist

Phone: (305) 788-8207

Email: jimmy@jimmycareycre.com

Website: jimmycareycommercialrealestate.com

Don’t miss out on the chance to be part of Buckhead’s top culinary hotspot. Whether you’re an established Restaurant Owner or a Chef with a vision, this restaurant space for rent offers everything you need to succeed. Reach out today and start your journey toward culinary excellence in Buckhead!

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Jimmy Carey Blog Restaurant for Sale in Decatur, GA: Why Turnkey Opportunities Are Fueling Atlanta’s Dining Boom Decatur, Georgia, has long been one of Atlanta’s most beloved communities — known for its charm, walkability, and thriving restaurant scene. But over the past few years, Decatur has evolved from a local favorite into one of Metro Atlanta’s most sought-after dining destinations. For aspiring restaurateurs and seasoned operators, this transformation presents something special: an […]
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Jimmy Carey Blog • Uncategorized • May 21, 2024

Lease Negotiation: The Role of Tenant Rep’s In Commercial Real Estate

by Jimmy Carey
Two business men doing Lease Negotiation and coming to agreement.
Fine dining restaurant with modern seating arrangement, large windows and massive chandeliers ready for Lease Negotiation.

Jimmy Carey Commercial Real Estate

Lease Negotiation in the Commercial Real Estate (CRE) sector represent a complex process that requires nuanced understanding, strategic foresight, and robust negotiation skills. This is where commercial real estate tenant representatives’ step in, offering indispensable assistance to businesses looking to secure the best possible lease terms. This blog explores the intricate lease negotiation process and elucidates how tenant reps provide valuable support throughout this journey.

Understanding Lease Negotiations

Lease negotiation go beyond simple discussions about rental rates. They encompass a wide range of terms and conditions that define the tenant’s use of the property, operational capacities, and financial commitments. Key elements often negotiated include lease length, renewal options, rent increases, fit-out contributions, maintenance responsibilities, and termination rights. Each of these aspects has significant implications for a business’s operational flexibility and financial bottom line.

The Role of Tenant Representatives

Tenant representatives, or tenant reps, are professionals specializing in representing the interests of tenants in the commercial real estate market. Unlike brokers who may serve both landlords and tenants, tenant reps focus solely on the tenant’s needs, ensuring unbiased and focused support.

Tenant representatives stand as pivotal figures in the realm of commercial real estate, offering a multifaceted suite of services that extend far beyond mere lease negotiations. As strategic advisors, they align real estate decisions with their clients’ broader business goals, leveraging deep market insights to forecast trends and guide long-term planning. Their role as expert negotiators is central to their function, employing innovative deal structuring and effective communication to secure terms that are favorable to the tenant, while adeptly managing any conflicts that arise.

As market analysts, tenant representatives provide a comparative analysis of available properties, ensuring clients make informed decisions based on comprehensive market data and future predictions. They also play a crucial role in building relationships within the industry, facilitating smooth negotiations and accessing insider knowledge through their extensive networks. Beyond finding and securing the right space, they educate and guide their clients through the complexities of commercial leases, from understanding specific terms to mitigating potential risks.

In essence, tenant representatives are indispensable allies in the commercial leasing process. They not only ensure that tenants secure spaces that meet their immediate needs but also strategize to accommodate future growth and operational efficiencies. Through their expertise, clients are positioned to make real estate decisions that are not just financially sound but also strategically aligned with their long-term business objectives.

Market Expertise

Tenant reps bring deep market knowledge, providing insights into prevailing lease rates, demand dynamics, and property availabilities. This expertise enables tenants to benchmark potential leases against current market conditions, ensuring they secure competitive terms.

  • Benchmarking: By comparing properties and lease terms against current market conditions, tenant reps ensure that tenants have a realistic understanding of what they should be paying and receiving in terms of lease incentives and terms.

  • Identifying Opportunities: Tenant reps can spot emerging trends and under-the-radar opportunities, such as new developments or areas experiencing growth, which could offer strategic advantages to tenants.

Strategic Negotiation

Armed with market data and an understanding of the tenant’s specific needs, tenant reps can effectively strategize negotiation positions. They are skilled at leveraging market conditions, competing properties, and the tenant’s business desirability to negotiate favorable lease terms.

  • Leveraging Competition: By positioning the tenant as a valuable asset to landlords, and highlighting the competitive nature of the market, tenant reps can encourage more favorable lease terms.

  • Tailoring Strategies: Understanding that each negotiation is unique, tenant reps tailor their approach based on the tenant’s industry, growth projections, and specific needs, ensuring the negotiation strategy aligns with the tenant’s long-term business goals.

Cost Savings and Value Maximization

Through strategic negotiations, tenant reps can secure concessions and incentives that significantly reduce occupancy costs for the tenant. These may include fit-out contributions, rent-free periods, and caps on operational cost increases. Their goal is to maximize value for the tenant, ensuring cost-effectiveness and operational efficiency.

  • Financial Incentives: Negotiating for lower rental rates, rent abatements, or reduced escalation clauses can significantly decrease occupancy costs.

  • Fit-Out Contributions: Tenant reps often secure contributions from landlords towards the cost of fitting out or refurbishing the leased space, which can represent substantial savings for the tenant.

Risk Mitigation

Lease agreements can include clauses that pose potential risks to tenants, such as onerous make-good requirements or restrictions on business operations. Tenant reps scrutinize lease documents to identify and negotiate these terms, protecting the tenant from future liabilities and operational constraints.

  • Clause Scrutiny: They carefully review lease agreements to identify potentially onerous clauses, such as restrictive use clauses or excessive make-good requirements.

  • Negotiating Flexibility: Tenant reps work to include clauses that offer greater flexibility for the tenant, such as break clauses or subletting rights, which can be invaluable in a changing business landscape.

Tenant Improvement Incentives & Allowances (TIA)

Tenant improvement (TI) incentives are a crucial element of commercial lease negotiations, enabling tenants to adapt leased spaces to their specific needs without bearing the entire cost. These negotiations are where tenant representatives truly shine, leveraging their expertise to secure the best possible terms for their clients. A thorough process begins with a comprehensive assessment of the tenant’s needs, often involving consultations with architects or contractors to estimate the necessary improvements and their costs.

Understanding market conditions is key, as tenant representatives analyze comparable leases to establish benchmarks for TI allowances. This insight, combined with a detailed financial analysis, forms the basis of negotiation tactics aimed at securing a competitive TI package. Representatives use market data, the tenant’s business reputation, and property specifics to argue for favorable terms. Negotiations might also explore creative solutions, such as a turnkey build-out by the landlord or adjustments in lease terms, to achieve the best outcome for the tenant.

Two business men doing Lease Negotiation and coming to agreement.

Jimmy Carey Commercial Real Estate

The goal is to ensure that the TI allowance not only covers the cost of necessary improvements but also aligns with the overall financial strategy of the lease agreement. This includes clear terms on the disbursement of funds, deadlines, and provisions for unused funds. Tenant representatives’ role extends beyond the negotiation table, often overseeing the improvement process to ensure compliance with the agreed terms and providing ongoing support.

In summary, tenant improvement incentive negotiations are a complex but essential part of securing a commercial lease. Through strategic planning, market insight, and skilled negotiation, tenant representatives ensure their clients receive favorable TI packages. This process not only reduces upfront costs for tenants but also ensures that the leased space is perfectly suited to their business needs, ultimately adding significant value to the tenant’s operations.

Top of Form

Process Efficiency

Navigating the lease negotiation process can be time-consuming and complex. Tenant reps manage the process end-to-end, from initial market research and property shortlisting to lease negotiation and signing. This allows business owners to focus on their core operations, assured that their real estate interests are being expertly managed.

The Process

1.       Needs Analysis: Tenant reps begin by understanding the tenant’s business requirements, growth projections, and operational needs.

2.       Market Search and Shortlisting: They conduct a comprehensive market search to identify suitable properties and shortlist options based on the tenant’s criteria.

3.       Initial Negotiations: Tenant reps approach landlords to negotiate preliminary terms, using their market knowledge and negotiation skills to secure advantageous initial offers.

4.       Lease Analysis and Comparison: They provide a detailed analysis of proposed lease terms, helping the tenant understand the implications and compare options objectively.

5.       Final Negotiations: With the tenant’s input, tenant reps finalize negotiations, focusing on critical terms and conditions to meet the tenant’s business and financial goals.

6.       Lease Execution: They guide the tenant through the lease execution process, ensuring all negotiated terms are accurately reflected in the lease agreement.

Navigating the intricacies of commercial real estate lease negotiation demands not just a deep understanding of the market but also strategic foresight and robust negotiation skills. This blog underscores the invaluable role that tenant representatives play in securing favorable lease terms, particularly in the specialized field of Food & Beverage/Restaurant Tenant Representation in the Atlanta market. Jimmy Carey Commercial Real Estate stands out as the premier choice for businesses in this sector, thanks to their unparalleled expertise and dedication to client success.

Tenant representatives from Jimmy Carey Commercial Real Estate offer a comprehensive suite of services that go beyond simple lease negotiation. They are strategic advisors who align real estate decisions with broader business goals, leveraging deep market insights to guide long-term planning. Their expertise as market analysts ensures clients make informed decisions, while their skill in strategic negotiation secures competitive terms that accommodate future growth and operational efficiencies.

For businesses in the food and beverage industry, including those looking for a restaurant for sale, the expertise of Jimmy Carey Commercial Real Estate is invaluable in lease negotiation. Their tenant reps are adept at navigating the unique challenges and opportunities of the Atlanta market, providing insights into prevailing lease rates, demand dynamics, and identifying emerging trends. This local expertise is crucial for securing spaces that not only meet immediate needs but also offer strategic advantages.

Cost savings and value maximization are central to their negotiation strategy, with a focus on securing financial incentives, fit-out contributions, and favorable lease terms that reduce occupancy costs. They also excel in mitigating potential risks through careful review of lease documents and negotiating flexibility that protects the tenant’s interests.

Furthermore, Jimmy Carey Commercial Real Estate shines in negotiating tenant improvement incentives, ensuring that leased spaces are perfectly suited to the specific needs of food and beverage establishments without bearing the entire cost. Their end-to-end management of the lease negotiation process, from initial market research to lease execution, allows business owners to focus on their core operations, confident that their real estate interests are in expert hands.

In conclusion, for food and beverage businesses in the Atlanta market, including those seeking a restaurant for sale, Jimmy Carey Commercial Real Estate is the best option for tenant representation. Their specialization in Restaurant Brokers and Commercial Real Estate, combined with their strategic approach to lease negotiations, market expertise, and commitment to client success, positions them as the go-to partner for securing the best possible lease terms.

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Jimmy Carey Blog The Lease Assignment Trap: Why Landlord Consent Decides More Atlanta Restaurant Sales Than Price   Most restaurant owners think the sale lives or dies on price. In Atlanta, I’ve watched more deals die because of lease assignment and landlord consent than because a buyer negotiated too hard. Here’s the misconception I run into constantly: “My lease has years left. The buyer can just take it over.” In real transactions, that’s […]
Jimmy Carey Blog Restaurant for Sale in Decatur, GA: Why Turnkey Opportunities Are Fueling Atlanta’s Dining Boom Decatur, Georgia, has long been one of Atlanta’s most beloved communities — known for its charm, walkability, and thriving restaurant scene. But over the past few years, Decatur has evolved from a local favorite into one of Metro Atlanta’s most sought-after dining destinations. For aspiring restaurateurs and seasoned operators, this transformation presents something special: an […]
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Jimmy Carey Blog • Uncategorized • March 21, 2024

Food Court Restaurant For Sale Turn The Key and GO!

by Jimmy Carey
Customers ordering food at a GW Gyro and Wings restaurant in Kennesaw Georgia Town Center Mall.
Customers ordering food at a GW Gyro and Wings restaurant in Kennesaw Georgia Town Center Mall.

Jimmy Carey Commercial Real Estate

Kennesaw Gyro & Wings for Sale

Discover Culinary & Business Excellence at Gyro and Wings

Dive into an unparalleled flavor journey with our legendary Gyro Wrap®, mouthwatering chicken wings, and the classic American cheesesteak. Our recipes bring together fresh ingredients and house-made sauces for a taste that ignites the spirit. At Gyro and Wings, every bite is a promise of quality and satisfaction.

Town Center At Cobb logo

Key Highlights

Prime Location

Address: 400 Ernest W Barrett Pkwy NW Suite #130, Kennesaw, GA 30144

Location Details: Located at the entrance of the Food Court in Town Center at Cobb, a super-regional shopping mall with high foot traffic and prominent anchor stores.

Gyro & Wings logo

Established Success

Years in Operation: Operating for 35 years in this same location, this well-established Food Court Restaurant store has achieved over $500,000 in sales, providing the owner with substantial benefits totaling $86,000 annually, all while requiring only 20 hours of weekly commitment. Enjoy the advantage of reduced rent, contributing to increased profitability and a solid foundation for continued success.

Unmatched Foot Traffic

The strategic location within Town Center at Cobb, often referred to as Town Center Mall, capitalizes on the natural flow of the mall’s visitors. With millions of visitors annually, the mall serves as a magnet for both local shoppers and tourists, ensuring a steady stream of potential customers for Gyro and Wings. This high visibility not only enhances brand exposure but also significantly increases the likelihood of spontaneous dining decisions by mall-goers.

Gyro and Wings franchise cooking kitchen hot line with fryers, flat top and shawarma

GW Gyro and Wings for sale

Facilities & Equipment

Size: 400 sq ft, optimized layout for efficiency.

Equipment: Fully equipped with modern and comprehensive kitchen facilities including refrigeration units, a 15-foot hood, Clover POS, fryers, shawarma vertical broiler, ice machine, fry dump station, tons of refrigeration, and much more, ensuring a turnkey operation.

In November 2023, Kennesaw Gyro & Wings unveiled a heartwarming renovation. This renovation brought not only a refreshing facelift but also introduced sleek new menu boards among other enhancements, all designed to enrich the guest’s experience.

Investment Opportunity

Asking Price: $147,000

A Turnkey Business: An exceptional opportunity to own a well-known national franchise in a coveted location.  Don’t miss out on this amazing opportunity.

For a FREE Consultation contact us at 678-406-8478 or jimmy@jimmycareycre.com

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Jimmy Carey Blog The Lease Assignment Trap: Why Landlord Consent Decides More Atlanta Restaurant Sales Than Price   Most restaurant owners think the sale lives or dies on price. In Atlanta, I’ve watched more deals die because of lease assignment and landlord consent than because a buyer negotiated too hard. Here’s the misconception I run into constantly: “My lease has years left. The buyer can just take it over.” In real transactions, that’s […]
Jimmy Carey Blog Restaurant for Sale in Decatur, GA: Why Turnkey Opportunities Are Fueling Atlanta’s Dining Boom Decatur, Georgia, has long been one of Atlanta’s most beloved communities — known for its charm, walkability, and thriving restaurant scene. But over the past few years, Decatur has evolved from a local favorite into one of Metro Atlanta’s most sought-after dining destinations. For aspiring restaurateurs and seasoned operators, this transformation presents something special: an […]
Jimmy Carey Blog The Journey of a Pizzaiolo: A Restaurant Tenant Representation Success Story by Atlanta’s Premier Restaurant Broker 🕒 8-minute read Featuring Chef John Frank Cely and the Launch of Char Pizzeria at Halcyon How one Atlanta Pizzaiolo turned his dream into a thriving restaurant — and how expert restaurant tenant representation turned a two-year challenge into a success story. A real example of how experience, persistence, and smart guidance can help any […]

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