Negotiating a lease
(Continued from page 1) In lease negotiations, Haslem recommends operators look at the rent, the rent escalations, the lease term and the options to renew. “What is often overlooked by restaurant operators is that the rent is among the top three costs in the restaurant profit-loss statement with cost of goods sold and labor,” he said. “Often, rent is No. 2 on that list. “In good times or bad times, you have to pay the rent,” he said. “In the work ...
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Contact: Desiree Torres Desiree.Torres@penton.com