O'Reilly logo

Starting and Running a Restaurant by Elizabeth Keyser, Jody Pennette

Stay ahead with the world's most comprehensive technology and business learning platform.

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, tutorials, and more.

Start Free Trial

No credit card required

CHAPTER7

Negotiating Your Lease

In This Chapter

  • Why leasing is best for beginners
  • Tips on working with real estate brokers
  • Benefits of taking over an existing restaurant
  • The basic terms of commercial leases
  • How to negotiate a smart lease

Your monthly rent will be your most stable overhead cost, a reliable cost that can help maximize profit. Most commercial leases are for 10 years, with two 5-year renewal options. Locking in a rent that isn’t more than 6 to 7 percent of sales is essential for financial success.

In Chapter 5, you learned the equation to use to see if you can make a good profit in a space. Now we’ll help you negotiate a good lease ...

With Safari, you learn the way you learn best. Get unlimited access to videos, live online training, learning paths, books, interactive tutorials, and more.

Start Free Trial

No credit card required