Restaurant businesses are aplenty – everywhere you look, there seems to be a restaurant serving whatever type of cuisine you are looking for. This is especially true in busy areas such as in and around London and the surrounding environs. The restaurant sector is thriving. This comes as no surprise for, after all, we all love food. But if you are thinking of renting a restaurant and aiming to take home a good profit, there are some aspects you should think about first. Let’s have a look at the top aspects you should think about before renting a restaurant.
The logistical aspects
A restaurant may look good from the outside and be attractively laid out inside, but you still need to consider some logistical and operational aspects. Don’t get carried away with an impressive-looking restaurant with great décor without thinking about some logistical concerns – and this includes WCs and ventilation for the kitchen.
First of all, think about the restrooms, which play an important role in any restaurant, and you’ll have to make sure you have restrooms not just for the customers but also for the employees – and that they are reasonably well-equipped and functional.
Yet another logistical aspect is the ventilation, especially for the kitchen. Kitchens are notorious for being smoky, greasy, smelly, and hot. Proper ventilation is a necessity – if only to make sure that your dining area is free from odours and smoke.
The restaurant’s functionality
If you are planning to rent a restaurant and would have to do a lot of repairs and renovations, you may want to take a step back – or at least speak with the estate agent or landlord about how you can arrange for renovations and repairs without being the worse for wear. If there are plenty of repairs needed on the property, such as the updating of plumbing facilities or the installation of better heating, you may be able to negotiate a lower rental fee.
It may also be a good idea to do a background check of the area, from the actual location and neighbourhood to the landlord. You can, for instance, speak with other tenants (if any) and ask them about their experiences with the landlord, especially whether or not they fix problems or issues in a quick manner. You should also ask other tenants or businesses nearby about the location – how profitable is the location, what is the demographic, and so on.
When it comes to choosing the right restaurant for rent, there are many good locations out there, such as Camden, Bayswater, Belgravia, and more – but you need to take these aspects into consideration before making your decision. Property experts at Commercial People can help you make the best decision thanks to an infographic they have created which highlights how to find the perfect office or commercial location.