Learn how to properly draft and negotiate a restaurant lease and how to resolve issues that may occur.
Renting and operating a restaurant is a daunting task; one that requires numerous considerations, significant expenses and a lot of time and hard work. A good business plan, negotiating a good lease and excellent executions are all critical to success. Spending the time and resources to draft and negotiate strong restaurant lease is an important investment and one that is sure to pay dividends and prevent headaches in the future. With tight margins, high expenses, and stiff competition, one mistake can mean the difference between success and failure. This topic provides a road map for drafting and negotiating the best possible restaurant lease and maximizing one's chances for success.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Agenda
Develop a Plan of Attack
- Understand Goals and Objectives
- Create a Business Plan
- Create an Implementation Plan/Checklist
Do Your Due Diligence
- Investigate the Landlord
- Investigate the Location
Inspect the Premises; Negotiating the Letter of Intent
- Who Should Negotiate the Letter of Intent
- What Should the Letter of Intent Provide - Key Terms and Provisions
- Why It Matters
Drafting and Negotiating the Lease
- Who Should Negotiate the Lease
- Whose or What Form of Lease Should Be Utilized
- What Should the Lease Provide
- How to Resolve Impasses and Successfully Complete the Lease
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Credit
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Credits
OnDemand Course
This course was last revised on September 10, 2020.
Call 1-866-352-9540 for further credit information.
- CA MCLE 1.5
- Lorman Business Center, LLC. is a State Bar of California approved MCLE sponsor and this course qualifies for 1.5 CLE hours of participatory credit.
To earn each credit Lorman offers through the OnDemand learning platform, you need to watch 100% of the program. Also, for certain credits you will need to fulfill additional requirements which will be displayed on the "credits" tab when viewing the course.
This program does NOT qualify, nor meet the National Standard for NASBA accreditation.
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
Faculty
Jonathan M. Grosser, Esq.
Royer Cooper Cohen Braunfeld Llc
- Partner in the office of Royer Cooper Cohen Braunfeld LLC
- Practice emphasizes all aspects of real estate
- Recently has served as leasing counsel to a locally based hotel REIT, a New York based enclosed mall REIT, a California based office REIT, and a local developer of major mixed-use projects in connection with all of their real estate needs
- Served as counsel to a Fortune 500 company in connection with the creation and implementation of a Master Leasing arrangement involving 3,000,000 (+/-) rentable square feet of office space
- Represented an investment group in connection with the acquisition and branding of multiple previously independent hotels
- Represented a multi-unit franchisee in connection with the acquisition, development and roll out of multiple well-known water ice franchises
- Represented a multi-unit franchisee in connection with the acquisition, development and roll out of multiple award-winning BBQ restaurants
- Conducts regular seminars and workshops on numerous real estate transaction topics, including, “Lease Workouts – How, Why and When,”and, “Are you a Closer? How to Avoid Common Pitfalls and Successfully Close Your Transactions”
- Membership information: Philadelphia Bar Association; New York State Bar Association; American Bar Association; Board Member, CoreNet Global, Philadelphia Chapter; International Council of Shopping Centers; New York State Bar Association, Real Property Section; Board Chairman, American Red Cross of Southeastern Pennsylvania, Montgomery County Chapter
- J.D. degree, New York Law School; B.A. degree, Tulane University
- Can be contacted at 267-546-0784 or [email protected]
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Why Lorman?
Over 37 years and 1.4 million customers worth of experience providing continuing education. Our passion is providing you world-class training to help you succeed in business and as a professional.
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