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.
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.