Our essential guide to opening a cafe / restaurant / bar
Opening a restaurant can be a daunting task, but with the right plan and preparation, it doesn't have to be. In this series of articles, we'll cover the essential steps for finding the perfect location for your restaurant, café, or bar.
Article 1: Creating a Business Plan and Landlord Pack
This is the foundation of your strategy and an essential exercise. In this article, we'll cover the basics of creating a landlord pack, including:
Summarizing your business and its unique selling proposition in 30 seconds
Menus, sourcing produce, and pricing
How you and your team will make the business a success
Design vs. cost considerations for fitting out your site
Your proposal and why a landlord should accept you as a tenant
Article 2: Finding the Perfect Location
It's not just about finding a beautiful site with good foot traffic. In this article, we'll help you consider the following before beginning your search:
The type of shop you're opening and how that affects your needs
Permissions and legal requirements for running a bar or kitchen at a site
What makes a good location, including demographics, accessibility, visibility, competition, and hours of access
How to look for a site, including website aggregators, Land Registry, and working with agents
Article 3: The Art of the Deal - Negotiating a Lease
In this article, we'll cover the most common and important terms in a lease and their potential impact, including:
Lease length and break clauses
Rent and rent reviews
Incentives and premiums
Guarantees and agreements
Service charge and insurance
Use, alteration, and repair conditions
Article 4: Working with Professionals
Taking on a long-term lease can be overwhelming, which is why it's important to work with professionals to make sure you get it right. In this article, we'll cover the professionals you should consider working with on this journey, including:
Landlord pack and business plan designers
Commercial agents to find a site and assist with negotiation
Solicitors to negotiate the lease
Planning and licensing professionals
Designers and contractors for fitting out the shop.
We will be releasing these articles over the next couple of months, so follow us on Instagram to keep up to date.