Anonymous multi-unit QSR franchisee inspired by @realestatetrent. Restaurants, real estate, ops, finances. Tweets are my own opinions, not advice. Let’s build!
The longer deals were with large REITs who decided to walk back on agreed upon LOI terms when it came to the lease thinking we’d eventually just move forward. Dirty business. We stood our ground. On the flip side we’ve signed leases with the local larger developers(NQs of the world) and those got done much quicker
@RetailBrokerHTX 💯! If this is one of your WS guys, LL would be an idiot for walking over lease negotiations. We’ve negotiated leases anywhere from 6 months to 1 year, perhaps even more once in a blue moon. It’s not uncommon. It usually takes at least 6-8 weeks
@Kmuray@jonathanmaze Was there a correlation between proximity and sales transfer? If I close a location 1.5 miles away, I’m expecting at least 10%, but if it’s 3 miles way, it could be 0
@bethanyjbabcock@zennonuc We lease an inline space that’s approximately 2k sf. Before our landlord gets a penny of our rent $, we pay roughly 3k a month in property tax, water(to the MUD district) and other property related expenses. This is what drives tenants to close down
You ever been to Texas or do you just talk from your high horse? Lived here pretty much my entire life, have friends of ALL ethnicities and cultures. We actually get along great here because most ppl are moderate and don’t judge others on politics beliefs. Southern hospitality is real