Existing restaurant location or vanilla box? Greater North Attleboro, MA

By
Real Estate Agent with Sankey Real Estate

What a week I have had perusing restaurant listing after restaurant listing for my client. I would say most of them belong on Kitchen Nightmares, so I decided to start  looking for a vanilla box as a second option. And ohhhh what fun that would be to see him do it from scratch, my ultimate dream come true!

To continue the top reasons that restaurants fail in my opinion...............................

 

Restaurant Commercial realtor Massachusetts#4 Being closed-minded in concept

 Be open to new ideas. Any type of business owner always has a dream or a picture in their head of a certain outcome. But just remember to keep an open mind about every last detail. Sometimes what is imagined can’t be fulfilled due to space configurations or other unexpected reasons. The end result just may in fact be better than your original plans you had envisioned. ;-)

 

#5 Undercapitalization

This is perhaps the most common mistake for new restaurant owners. Underestimating a restaurant’s startup costs can result in bankruptcy. Having a great concept doesn’t prevent you from running out of money.commercial restaurant realtor massachusetts It is always better to overestimate your costs then underestimate. Common problems during startup may include construction delays or changes demanded by building inspectors. To cover such unexpected problems, money should be set aside for working capital which should cover up to one year of rent. In addition, contingency money should also be set aside for any other unexpected problems that may arise. The norm is to set aside 10%-15% of the total investment required for contingency. A good practice is to remain conservative in forecasting your sales and the amount of investment required. Lower your sales forecast and slightly increase the amount of money required.

 

If you have any clients that need help with restaurant questions, feel free to send them my way!


Part One Restaurant Owner in Attleboro,MA to Realtor in Attleboro, Mass

Part Two From Restaurant Owner to Realtor In Attleboro, Mass

Part Four Searching for a Restaurant Location....

 

Interested to Learn What Your North Attleboro/Attleboro Home Is Worth?

Let Me Put Together a Free Market Analysis/CMA for your home in North Attleboro, Attleboro, Plainville, Mansfield, Foxboro or any other town for that matter.

Your home is more than an architectural structure. It is an extension of who you are, representing your style, personality and values. Interested That is why selling your home can be an emotional and an overwhelming experience.

I will reduce the any anxiety and stress of the real estate process and make the end result successful!

Contact me today to receive a FREE, no-obligation home market analysis or CMA in the North Attleboro area to determine what your home is worth in today's market and the value of your real estate!

Please call me at O:508-431-1500 X216 C:508-243-0114 or Tifwetherbee@aol.com

Residential & Commercial Massachusetts Realtor

I am a North Attleboro Realtor in. I utilize the latest technologies, market research and business strategies to meet your expectations. More importantly, I will listen and find solutions that are tailored to you, whether you are a first-time buyer, repeat buyer, or seller, I promise that I will go the extra mile to help you achieve your goals. I will also utilize innovative advertising and marketing techniques to attract potential buyers.

I have been a resident of North Attleboro since 1980 and have two wonderful daughters in grade school. I also have been a long time business owner of Wetherlaine's Restaurant in Attleboro up until 2010. I am an expert in all things local, and extremely familiar with the school system and surrounding towns.

I also have great PERSONAL experience, not only in Residential Real Estate & Investment Properties in North Attleboro areas, but Short Sales and Foreclosures as well. I also completely understand the personal emotions and decisions involved in each.

I am dedicated Realtor in North Attleboro, providing the highest level of customer service possible. Please give me a call at Kensington Real Estate Brokerage or send me an email, I am always willing to provide assistance with your Real Estate needs.

Tiffany Chapdelaine Wetherbee and Kensington Real Estate Brokerage.com can help you find Homes in North Attleboro and North Attleboro homes for sale, Attleboro Real Estate & North Attleboro Real Estate, Houses in Attleboro & Attleboro Homes for Sale, North Attleboro Mass Real Estate, and Homes for Sale in North Attleboro Ma, Real Estate North Attleboro. And Houses for sale in Attleboro Ma. We can also help you find Real Estate Values South of Boston like Foxboro properties, Norton homes for sale, Franklin homes for sale, Mansfield homes for sale, Mass Realtors & Realtors in Mass.

Your Real Estate Concierge and Realtor in the Greater Attleboro's

Working by REFERRAL means that I focus my energy on servicing you with 100% dedication. I rely on your satisfaction to grow my business through your referrals of friends, neighbors and family - the people that turn to you for quality recommendations. Your referrals give me the time to provide the very best Real Estate service to you and the people you know. Thank you for your referrals.

Contact Tiffany:

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Tiffany Chapdelaine Wetherbee Realtor®
Kensington Real Estate Brokerage
214 Main Street
Attleboro, MA 02703
License No: 9020319
Mobile: 508-243-0114
Office:508-431-1500 ex 216
e-Mail: Tiffany@KensingtonRealEstateBrokerage.com

 

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Tiffany Chapdelaine Wetherbee

Sankey Real Estate Brokerage, North Attleboro, MA

North Attleboro Realtor and Real Estate Concierge

North Attleboro Real Estate North Attleboro Real Estate 

 

 

 

 

NorthAttleboroMASS.com

North Attleboro Living Blog

 

Tiffany Chapdelaine Wetherbee and Sankey Real Estate can help you find Homes in North Attleboro and North Attleboro homes for sale, Attleboro Real Estate & North Attleboro Real Estate, Houses in Attleboro & Attleboro Homes for Sale, North Attleboro Mass Real Estate, and Homes for Sale in North Attleboro Ma, Real Estate North Attleboro. And Houses for sale in Attleboro Ma.  We can also help you find Real Estate Values South of Boston like Foxboro properties, Norton homes for sale, Franklin homes for sale, Mansfield homes for sale, Mass Realtors & Realtors in Mass.

 

 

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Rainer
75,845
Greg Gillespie
Crye-Leike Realtors - Tupelo, MS
CRS TN & MS - Broker

I like the way you think and your approach is definitely out of the box.

Thanks for the post.

.

Feb 28, 2012 02:28 PM #1
Rainer
33,019
Tiffany Chapdelaine Wetherbee
Sankey Real Estate - North Attleboro, MA

Thank You Greg! I am really passionate about the restaurant business and real estate, so I am fortunate that I can blend the two!

Feb 28, 2012 04:56 PM #2
Rainmaker
956,546
Joyce Kelley
Charles Stallions Real Estate Services Inc - Gulf Breeze, FL
Buyers Agent 800-309-3414 Pace and Gulf Breeze,Fl.

Hi Tiffany can I suggest you write a post on what an ideal resturant would look like that way I can copy it. LOL I am looking at opening a resturant, either a D&B style or a unique buffet.

Feb 28, 2012 06:50 PM #3
Rainer
35,593
Jamey "Milly" Milheiser
Fairway Independent Mortgage Corp. - Appleton, WI

I like the way you think!  I really enjoyed this blog!  Happy leap day.

Feb 29, 2012 07:44 AM #4
Rainer
22,622
Jeff Andresen
Buffett Hathaway Real Estate - Highlands, NC
Jeff Andresen

Great advise Tiffany,

I owned a restaurant in NYC many years ago and everything you mentioned is dead on. I was lucky enough to be successful i the industry but I should bold type LUCKY.  Thanks for the post.

Jeff

www.jeff.cashiershomesearch.com

 

Feb 29, 2012 10:53 AM #5
Rainer
33,019
Tiffany Chapdelaine Wetherbee
Sankey Real Estate - North Attleboro, MA

Joyce- Do you mean Dave & Busters when you said D&B? I would love to write that at some point soon! Do you have any restaurant experience? It is a great business, time consuming but worth it!

Thanks Jamey! Happy Leap Year also!!

Thank Jeff!  LUCK definatley helps, I considered my self very LUCKY also! lol What type of restaurant?

Feb 29, 2012 12:40 PM #6
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Rainer
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Tiffany Chapdelaine Wetherbee

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