I had to drive about 75 miles out of my way this morning, before coming to work (I average about 600 a week, so this isn’t a big deal to me). And let me tell you, I noticed something peculiar.
I couldn’t help notice how many oddly placed restaurants/bars there were! I was driving through a small, rural town (where the population is mostly 50+) and spotted 2 adult entertainment bars, and what appeared to be a club of some nature…
Now, these kinds of places are appropriate in an area like Orlando, where the hustle and bustle can be a big business builder, but in a small mom and pop town, I can’t imagine these businesses are doing well.
So here’s a thought: How do you choose the right location for your business? It can be a hard decision, and one that many people get wrong, but with a few tips, I think you can handle it.
- Work with a commercial real estate broker. It would be in your best interest to make sure you find one who is familiar with the restaurant market.
- Comb neighborhoods you think match your concept and desired traffic. Look for places you think would fit well – even if it’s not obvious that they are up for sale or lease.
- Investigate potential locations on the internet! This seems like a no-brainer to some of you, but a lot of people aren’t sure how to utilize this tool. Often you can get interior and exterior photos, dimensions, and see amenities.
- Check out local chamber of commerce for information (it’s a pretty good source).
- Use your local governing bodies for information – consult town councils, zoning boards, and any other agency or board that doles out licenses and is likely to know of new development and rezoning opportunities.
With these tips, you can find the perfect location for your new business and avoiding being the adult entertainment bar in a retirement community….