Leasing Second Generation Restaurant Space – Saving Time & Money

Eating Someone else’s leftovers doesn’t sound like the greatest of deals.  But, when it comes to your money, you’ll have to figure out if you want to buy an existing business ( e.g. leftovers), or make something new from scratch.

Should you buy an existing business?

Should you start a new business?

That depends on you and the team you are going into business with.  There is a Right and Wrong answer for you.  We will layout some points for you to consider to help you make an informed decision that will feel, well, Just Elementary!

Reasons to Buy:

1. You want an established track record and proven business model.
2. You will be open for business the day you take possession.
3. Trained employees in place with a seller to offer additional buyer training.

Reasons to Start:

1. You have your own plan and ideas.
2. Commercial space is extremely available and often built out, so you can be open for business sooner than leasing or buying a vanilla shell space.
3. Lower initial investment cost than buying a business.