How to Find the Prime Location for Your Restaurant Startup or Brand in 2019

On this episode of The Barron Report, Paul Barron is joined by Tim Forrest, Senior Advisor and CEO of Tim Forrest Consulting, to discuss the latest trends in restaurant real estate and how an operator should select a site.

Whether you’re a first time operator or an established operator looking to expand, site location is one of the most important decisions you could make. The most obvious things to consider are demographics, parking, and visibility. But have you thought about future demographics, proximity to specific populations, or traffic patterns?

These are some points Forrest makes as a consultant to company leaders, governments, and institutions. Working directly with a company to help with the creation of appropriate strategy, growth vehicles, and sound methods to take companies to the next level, his clients grow by thousands of locations.

Listen to this episode of The Barron Report for more insights on what an operator should be looking for in real estate and be sure to check out free templates and documents on site selection.

SHOW NOTES

  • 11:00 - Limited Service, Shrinking Footprints, and the Cost of Real Estate

  • 14:11 - What Trends Should Operators be Looking For in the Future?

  • 16:36 - How to Shop for Real Estate

  • 20:45 - Is Piggy-Backing on Successful Locations Taboo?

  • :58 - Meeting Tim Forrest

  • 2:24 - Planning your Restaurant Criteria Before Site Selection

  • 5:32 - Advice For New Restaurant Operators

  • 8:17 - Trending Real Estate Locations for Restaurants

 
 

On a recent episode of On Foodable Side Dish we take a look at the latest trending restaurant location space, food halls. Watch the video to see how these Miami-based food halls are flourishing.

San Francisco Legislation Threatens Large Restaurants

Mission District

San Francisco's Mission District is facing a restaurant development freeze if local legislation proposed earlier this month succeeds. In an attempt to address the city's rapid gentrification, lawmakers proposed a bill that would prohibit restaurants and retailers from merging any adjacent spaces that would exceed 799 square feet.  

While similar housing moratorium proposals have been pitched in nearby areas, this particular legislation would target larger, upscale restaurant concepts, prohibiting their expansion into the area.  Many critics of the bill have claimed that the legislation is misguide and will end up hurting Bay Area restaurant industry workers, for whom these upscale restaurant jobs are highly desirable. Read More