In 2014, the worth of the UK’s stock of commercial property rose to £787 billion – a 15% increase year on year. This was driven by the willingness of investors to pay more for a given rent following the return of economic confidence.
For landlords looking to capitalise on this and sell their property, first impressions really count. At Restaurant Property, we know exactly what it takes to prepare a commercial property for a viewing by a restaurateur with high expectations.
In 2014, the worth of the UK’s stock of commercial property rose to £787 billion – a 15% increase year on year.
Is the building currently occupied by a successful business? If so, when is it at its most lively?
Imagine if a prospective leaser walked into your restaurant on a Saturday night and saw rows of empty tables.
This certainly wouldn’t create the right impression. Despite the fact that empty tables could be due to external factors like poor marketing or a bad menu, low foot flow will give a prospective buyer a negative impression.
Try and coordinate with your in-restaurant team to ensure they are creating a time where the restaurant is totally booked up. You can then use this time for any viewings.
If you are arranging viewings when the establishment is closed, ensure the restaurant is spotless. Ensure tables are fully decorated and consider investing in a quick lick of paint and repair any highly visible “problem areas”.
Make sure that you declutter – you need to sell the space available and it is hard to imagine a customer where cleaning equipment currently rests.
If your space appears loved, it inspires confidence. And confidence inspires the belief that closes the deal.
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