Real Estate Development
Scope of Services
Whether one is trying to find a new or used location we can be of assistance because of the many real estate agents and real estate developers we are connected to. We not only source out the “right” location for you but we negotiate the business deal points and assist you in the legal parts of a lease via experts in this field. As a restaurant owner you want the “best deal” and because of our experience you will be ensured this. It is imperative you correctly structure the debt and equity portions of your new restaurant. One of the most common failures in the restaurant business is the leveraging of one’s debt.
Our belief is that you should forecast conservative sales with annual moderate increases in your sales and structure your debt accordingly. Over the years we have taken a very conservative approach because we want to ensure the restaurant can pay its debt and still make a reasonable profit. We are affiliated with a number of financial institutions to include banks, leasing companies and short term lenders. In addition we have access to investors who have restaurant investment experience.
Buying an Existing Restaurant
How to buy an existing restaurant? How to acquire a space to fit your restaurant’s concept? How do I sell my restaurant? How do I lease my space to a successful restaurant.
Starting a restaurant can be a daunting task to say the least. It is difficult to know how big, how much it is going to cost, what I can afford, how long will it take, and the list goes on.
First of all, RGI, because of their long experience in the marketplace from the early 70’s has a keen sense of how to find the “right” real estate for the client. It begins with an interview of the client to determine area of town, capital budget, new vs. used, how big/how many seats, type of restaurant, etc. We then scour the market place to look at various opportunities whether they may be listed real estate or not. Sometimes we know restaurants that are not listed on the MLS but are available for purchase. Sometimes vacant real estate is available as well but not listed on the MLS.
In addition a number of people/clients who have a desire to sell their restaurant or to lease their available space have used RGI to aid them in this endeavor. We are able to assist in the selling/leasing process because of our numerous connections within the industry.
We welcome the opportunity to serve you in finding exactly what suits you and assist you in enjoying long term success because you picked the right location and right deal.
Contact Arnold at 206.679.1037 for further discussion.