Secret Sauce - The Restaurant Marketing Podcast

We talk to Robbie Doyle from Buy Grow Sell about the pitfalls and opportunities in negotiating a Restaurant property lease. This is particularly topical in Australia, with Sumo Salad putting two leasing companies into Administration because of the difficulties that they have had in negotiating the leases with Westfield.  Westfield, like a lot of shopping centre owners have tried to respond to decreasing retail trade by increasing the experiential opportunities for customers, and this has seen an increase in the number of restaurants in shopping centres with no increase in customers, in fact some shopping centres are seeing decreasing foot traffic. Where can restaurant owners find properties that have affordable rents? We discuss some of traps that can be included in a lease offer. We look at how many restaurant owners buy their property versus leasing.  Buying gives you a friendly landlord, but it is expensive and if the restaurant goes badly, you have a struggling lease and a struggling tenant to deal with a