Calgary Restaurant Specialists
Finding and Securing Choice Locations
Whether you’re opening your first restaurant or expanding your network, we’ll help you prepare for success.
We’ll get to know you and your goals, make sure you understand the local market and your competitors. You’ll need to clarify your space requirements, have a solid business plan, and be ready to approach and sell property owners on your business.
Once you’re ready, we’ll help you locate suitable properties, organize tours, and negotiate an agreement.
Why Do You Want JR Mercantile As Your Partner If You Are Thinking About Leasing Restaurant Space?
The success of your restaurant isn’t only dependent on the quality of your food – it’s also heavily dependent on the quality of your location. Our ability to select restaurant spaces that offer great locations in high-traffic areas ensures that our clients have the best visibility possible so that their restaurants thrive, day in and day out. Whether you are looking for restaurant space in Calgary or restaurant space in the surrounding area, JR Mercantile has you covered.
As an experienced, full-service commercial real estate advisory company. We know exactly how to help you find the perfect restaurant space to lease We always work diligently to find the right properties for our restaurant clients, which is why our reputation in the field of restaurant leasing is expert-level. Our advisory services are vast and our customer support is unparalleled, so you can count on us to handle the details for you.
Featured Restaurant Properties
We know how to help our restaurant clients find the perfect properties for their businesses and make sure that all of the boxes are checked and bases are covered. We work tirelessly behind-the-scenes to take care of all the real estate details so that you can focus on doing what you do best – running your restaurant and giving your customers the greatest dining experience that they’ve ever had.
When you’re ready to lease restaurant space, we will be here to answer your call.
Let our team of specialists help make every aspect of your search, move in and launch, as seamless as possible.
Key areas of our tenant advisory services: 1) Ensure you’re clear on your needs, budget, zoning, and competitive environment, and advise industry trends and forecasted changes. 2) Help you with business plan preparation and launch strategies to address concerns of property owners. 3) Connect you with experts, contractors, and suppliers for efficient planning, permitting, building, move in and launch.
Our research services focus on three things: 1) Help you understand market conditions and what to expect during negotiations. This is vital for budgeting and planning. 2) Strategic site selection, including zoning, affordability, traffic patterns and purchase volumes, demographic profiling, location of complementary businesses, and more. 3) Develop search profile based on your needs and create summary of high-potential vacancies for consideration.
Finding an ideal location involves more than scanning a commercial property database for vacancies. For a variety of reasons, a large percent of properties are never listed. For example, a tenant may be quiet they’re leaving, or the property is in development. What’s important is knowing what’s really available. Our extensive network of landlords and brokers helps expand your range of options.
FIND A LOCATION
We outline the commercial leasing process, explain industry norms, and help establish realistic expectations. We negotiate with owners to structure favourable terms as well as review draft lease agreements and help you understand them, highlighting negotiable clauses to discuss with your lawyer.
We can refer you to a wide range of industry professionals; lawyers, consultants, and service providers to further streamline your process.
NEGOTIATE AN OFFER TO LEASE
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Learn How To Successfully Complete A Retail Commercial Lease
Everyone Has Questions
These Are The Ones We’re Asked Most
Q: Is there value in leasing a space previously occupied by a restaurant?
A: In some instances, yes. However, we advise having your advisory team review the property. Changes in construction codes, such as vents and washrooms, may require you to amend or even remove existing improvements. You want to avoid these costly scenarios.
Q: Is it worth paying more rent for one location over another?
A: That depends on your requirements. For example, situating on a high profile corner may seem like a good idea, but if parking isn’t available, it could make pickup, delivery and customer attendance challenging.
Q: What sort of zoning issues are of concern?
A: Zoning often plays a significant role in whether a space can work for you.
Many properties are zoned for a specific use. Your concept might be permitted, discretionary, or prohibited. There are multiple variables including whether you intend to be licensed, permit children, size of your common area, parking requirements, and whether you will have a stage and more.
What’s important is getting on top of zoning issues upfront, during the planning and leasing process. You’ll want to work with an experienced advisor to help you navigate zoning issues.
Q: What assistance can I expect from my new landlord in terms of free rent and tenant allowance?
A: There are no standard deals. The answer will depend on the location, the landlord, your use, and covenant. We’ll help set realistic expectations, based on what others are receiving.
Q: What is a convenant and am I always expected to provide a personal guarantee?
A: A covenant is the security you as a tenant provide. The Landlord relies on your financial well-being to give them the confidence to lease you the space. A personal guarantee is not the only way to secure a covenant. You can often use a letter of credit, larger deposit, lower landlord contribution to the deal, etc.