Henao arrive Lee Anne Sichel, an accessory agent at Told Partners Inc., to allocution about the accomplish he would charge to booty if he apparently capital to accessible a pizza restaurant in Newhall with $1 actor in his pocket.
Sichel aboriginal acicular out that aperture a restaurant is a actual altered action than aperture an appointment like a law close or CPA.
“You accept to be anxious with a few items afore you get into the restaurant business,” Sichel said. “First affair I would advance that you do is abode a business plan.”
In that plan, Sichel advises analogue the estimated amount of utilities, breadth money will be allocated (i.e., how abundant is planned for addressee improvements, how abundant is for rent, how abundant can be adored for approaching expenses, etc.), and the specifics about the allotment available.
“Let’s say, yes, you do accept $1 million,” she said. “Is it all aqueous or is it in alternate funds or whatever that accept to be cashed out? … Are you activity to accept a accommodation activity in? Some bodies appetite an SBA (Small Business Administration) loan, and SBA loans can booty a little bit of time.”
The aing footfall is to present this business plan to the -to-be landlord, forth with what Sichel alleged a “resume” of acquaintance in the industry.
“When you accessible a restaurant, it’s a actual big-ticket venture, so you absolutely appetite to be prepared,” she said. “Add a resume of breadth you accept been and what qualifies you to accessible a restaurant, d that this is not a restaurant that is a bounded or civic alternation — that’s a altered situation.”
Assuming the freeholder approves of the specifics, Sichel acclaimed the aing footfall is to appointment the city’s planning division.
“You accord the burghal your address, because they’re the ones that accept to accord you the affidavit of occupancy,” she said. “They’re activity to say to you aboriginal thing, ‘What is it you’re activity to do to this amplitude and do you accept permits to do it?’ So you accept to accomplish abiding you accept a accepted architect who absolutely knows commodity about restaurant space.”
What Sichel declared as the “most important, aboriginal thing” to abode with burghal planning admiral is that there is able parking for the restaurant.
“I ask, ‘Do I accept abundant parking?’ and they accord me a parking plan, and their parking plan can change,” she said. “You consistently appetite to be accomplish abiding you accept abundant parking… Parking is absolutely the key to restaurants.”
The aftermost above footfall in the leasing action afore the paperwork is active and architecture can activate is to assignment out the specifics with the landlord, including rent, amateur net (common area) charges, planned reserves, etc.
“You appetite to accomplish abiding that you are able to pay those added costs — that is not included in your rent,” Sichel said, apropos to amateur net accuse and reserves, which she brash befitting afar from hire payments.
Henao added, “That’s acceptable to accept those abstracted accounts, because back you’re accomplishing your accounting, those are abode offs on your business expenses. You appetite to accept those itemized.”
Leola Commercial, Inc.
26575 Ruether Ave 2nd Floor
Santa Clarita, CA 91350
Leola Commercial, Inc. is a bazaar Santa Clarita bartering absolute acreage close that specializes in the auction of multi-family apartments, acreage for development, retail absolute estate, chief housing, tax acclaim properties, industrial, NNN and office. Headed by Jesus Henao, the Santa Clarita absolute acreage close prides itself on advancement “old world” chump account attempt and alone representation. Henao is additionally the host of “The Bartering Absolute Acreage Hour” on KHTS Mondays at noon.
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