City’s plan for a big new Dudley Square eatery by Feb. stalls but one of Boston’s busiest restaurant real estate brokers wonders if the city was equally inexperienced.
“They really should have offered more incentives, like landlords do in the private space,” said Todd Smith, the owner of Corbett Restaurant Group. “That’s a big project. It’s a tough sell.”
Smith said big public investments in Dudley have not gone unnoticed by private investors. But he estimated that building out the large restaurant space would cost more than $2 million, limiting the pool of potential operators.
This article was originally posted by The Boston Globe here.
Why Is Boston Hospitality The Corbett Restaurant Group’s Middle Name?
If you are a restaurant owner in the Boston area, you may have heard the Corbett Restaurant Group being referred to by industry peers as the leading purveyors of “Boston hospitality.” But what’s in a name? As it turns out, the Corbett Restaurant Group is one of the leading commercial real estate authorities in the region, with a special emphasis on helping new and old restaurant owners benefit from their expert knowledge of restaurant sales and leasing.
Your Boston Restaurant Sales And Leasing Authority
Restaurant sales and leasing in the Boston area can be a matter of great delicacy. When it comes to related areas, such as hospitality sales and leasing, the learning curve is steep, and there’s a great deal of knowledge for you to absorb in a strictly limited period of time. Whether you are a brand new owner of your very first location, or an experienced member of the industry, you’re certain to benefit from the assistance of a professional commercial real estate authority in the area.Expert Restaurant Sales And Leasing Advice
Navigating the sometimes treacherous seas of legal red tape and industry regulations can be a tricky business for even the most experienced hospitality sales and leasing company, so it’s certainly best to deal with a recognized authority in the field. If you want to avoid a great many financial and logistical headaches down the road, it’s an excellent idea to seek out professional help as soon as possible.Get Help For Your Hospitality Sales And Leasing Arrangements
There’s much more to owning and operating a successful restaurant than simply buying up the property and installing the requisite equipment. There are many legal transactions that need to be made, and if you aren’t fully aware of what you’re getting into, you can easily find yourself diving into the deep end without a life jacket. These are the precise sort of arrangements that will take time to finesse. You should certainly always seek professional help for your hospitality sales and leasing arrangements before you commit to your ultimate decision.Commercial Real Estate Advice Made Easy
While there is no one size fits all solution to the thorny issues that can sometimes confront you as the new owner of a commercial property, there is plenty of professional assistance that you can lean on in order to put your best foot forward. Whether you plan on buying your very first property, or perhaps on unloading an old location and expanding to a new one, you’ll need to know how to connect with a potential seller or purchaser in a productive and profitable manner. Getting expert advice from a professional in this field is your best course of action.Buying and Leasing a Restaurant in Boston Requires a Professional
The great city of Boston have dedicated business people who serve the residents with pride. From spectacular restaurant service to luxurious hotel accommodations, Boston remains a popular spot for travel, leisure and business dealings. When looking for commercial real estate to start a restaurant, it’s necessary to partner with the best Brokers in town.
As an a new restaurateur, you know how important it is to choose the right commercial Broker, specifically one who specializes in restaurant and hospitality sales, to help you get your project off the ground.
The job of a commercial Broker is an incredibly complex job. We sit down and discuss your customer base and business goals. We need to understand your business in order to perform our job. A restaurant requires basic items, such as industrial ovens and stoves, but we might have to find properties with more elaborate setups. Charbroiling grills and walk-in freezers might be necessary for other restaurants.
Your budget may be limited when it comes to buying or leasing a property. With that fact in mind, we work to find turnkey properties. You simply need a space that can adequately hold several employees while leaving enough room for customers to enjoy their meals. Ideally, you would like to avoid any expensive buildout processes. Knocking out walls and adding counters may not be in your budget. With the right commercial agents by your side, our insider knowledge around Boston can turn up the perfect property before it’s scooped up by another buyer.
A reputable commercial real-estate agent also knows that you need to build your brand as a business. The property’s architecture needs to match your company’s style to a certain degree. With your business brand in mind, we can show you several properties in just a few days. By comparing and contrasting between the properties, we can help you locate the right property in no time.
As an a new restaurateur, you know how important it is to choose the right commercial Broker, specifically one who specializes in restaurant and hospitality sales, to help you get your project off the ground.
The job of a commercial Broker is an incredibly complex job. We sit down and discuss your customer base and business goals. We need to understand your business in order to perform our job. A restaurant requires basic items, such as industrial ovens and stoves, but we might have to find properties with more elaborate setups. Charbroiling grills and walk-in freezers might be necessary for other restaurants.
Your budget may be limited when it comes to buying or leasing a property. With that fact in mind, we work to find turnkey properties. You simply need a space that can adequately hold several employees while leaving enough room for customers to enjoy their meals. Ideally, you would like to avoid any expensive buildout processes. Knocking out walls and adding counters may not be in your budget. With the right commercial agents by your side, our insider knowledge around Boston can turn up the perfect property before it’s scooped up by another buyer.
A reputable commercial real-estate agent also knows that you need to build your brand as a business. The property’s architecture needs to match your company’s style to a certain degree. With your business brand in mind, we can show you several properties in just a few days. By comparing and contrasting between the properties, we can help you locate the right property in no time.
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