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How to Pick a Restaurant Location

August 5, 2020 by G Patel

How’s the visibility?
Do your demographics align?
What’s nearby?

How to pick a restaurant location - G Patel Consulting

Here’s a quick look into how I evaluate location.

They say, “Location! Location! Location!” but what does that really mean?

Pro Tip: Start from The Inside Out

As opposed to taking a concept and forcing it into a market, examine the market, and see where the white space is for something new or complementary to exist. This requires flexibility and patience but can mean better long-term success.

Once you have your concept, here are a few categories to evaluate your potential locations:

  1. Visibility: Look for great visibility for drive-by or walking traffic
  2. Neighbors: Are complementary businesses with similar demographics nearby?
  3. Future: What is the current and future landscape?

Stay in tune with the current situation of your location and what might be a future opportunity. A good location will allow for greater sustainability.

Questions?

Let’s talk!

Filed Under: Commercial Real Estate, Hospitality Tagged With: Hospitality Industry, Location, Site Selection

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