Like any other commercial real estate decision, restaurants rely on location as the main motivator for investment. To ensure that you’ll be in accordance with what the local zoning rules will permit, finding the ideal location requires time, work, and care.
The below factors help in determining the importance of finding the perfect location for your restaurant establishment.
1. Population & Demographics
Age, gender, level of education, household income, and family status of the local population, which, when put into a report, will give the restaurant owner a thorough cross-section of the customers that live in the area. When broken down further, customer profiles, or personas, can be developed to reflect the key target market.
2. Types & Style
The type of restaurant will show how much emphasis is put on location and whether it is well-positioned for success. For example, fine dining venues versus quick service restaurants (QSRs). A location adjacent to a college campus could be ideal for a QSR, whereas a zip code with an affluent, older generation would be more suitable for fine diners. Either way, it is critical to ensure a visible site, parking, and easy entry and exit from the property.
Our team of professionally trained agents can help you find the best location for your restaurant. Dunhill Consulting Ltd has a wide variety of commercial properties to choose from!