As a newly minted restaurateur, you should understand and appreciate the importance of gaining a tenant-friendly lease. Achieving favorable lease terms will contribute to your restaurant’s success by allowing the flexibility you need. The restaurant lease usually starts with a standard store lease, a form with which many commercial tenants and landlords are familiar. Attached to the store lease are
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Well, those lovable techies have stirred up the economic landscape yet again. And many of those in the hospitality industry in need of alternative sources of capital will surely benefit. Through crowdfunding platforms, such as Kickstarter, Indiegogo and GoFundMe, restaurant owners no longer must rely on traditional sources of capital (e.g., bank loans, equity sales, friends and family). Sorry, Aunt
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Proper signage is crucial to the success of every restaurant in New York City. A restaurant’s sign is its calling card. But, did you know that NYC regulations require restaurants to display many different signs to both employees and guests? And the signs must be visible in designated areas throughout the restaurant. That’s right, inspectors will shell out heavy fines
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Yes, the deadening months of January through March are finally over! The city is now hustling and bustling with spring fever. It’s time to say goodbye to Dry January and hello to a nice refreshing Gin Fizz or whichever spring cocktail strikes your fancy. The NYC Restaurant Adviser would like to wish both well-established and novice restaurateurs a very profitable
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After searching through countless locations for your new restaurant, you finally find a great space, and the neighborhood is perfect: lots of foot traffic, access to public transportation, and reasonable rent (OMG!). You then find a lawyer to help obtain a liquor license. But wait, the lawyer says the location is no bueno. Here’s why: License for On-Premise Consumption Obviously,
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New York City’s hospitality industry has changed dramatically over the last few years. Recently, we witnessed the banishment of Mario Batali and other well-known chefs/restaurateurs accused of sexual harassment. And we have seen an alarming rise in wage and hour lawsuits filed by pesky plaintiff attorneys intent on bankrupting many of those in the industry by securing large money judgments.
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NYC Restaurant Adviser 