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Hi all, I’m a new member, this is my first post.
We’ve been discussing a deal with a long established and successful restaurant for a few months now. I noticed premises next door to a popular restaurant up for sale. The restaurant own their own premises, but didn’t consider buying next door even though they’re cramped and turning people away at least 2 nights a week. Both premises share a wall, so there seems nothing to stop us buying the vacant premises, opening the shared wall, creating extra space and higher seating capacity etc etc.
A month later we see another one, maybe we’ve been driving past these opportunities for years without noticing.If we can do this deal, we’ll establish a long lease, say 5x5x5, and sell the premises, take the profit and look again. Very interested in feedback from Scott on his deal. Wish you all well and thanks for the forum info, it’s so full of info – thank you.
cheers
thecrest [pleased]thecrest | Tony Neale - Statewide Motel Brokers
http://www.statewidemotelbrokers.com.au
Email Me | Phone Meselling motels in NSW
