4 ms·
Maybe if the restaurant owned the building but otherwise the rent alone could chew through the profit of a restaurant or bar pretty fast. It is difficult to buy
by Bradlinc 6y ago
Maybe if the restaurant owned the building but otherwise the rent alone could chew through the profit of a restaurant or bar pretty fast. It is difficult to buy the building of a successful restaurant unless you had a right of first refusal or buyout option in the initial lease. Landlords are reluctant to sell you the building for anything reasonable if they feel you are successful as their money is fairly safe and inflation adjusted. I run two bars. One of them is five years old and very successful. I would say right now it has about eight months of rent payments until it would be a problem.