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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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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NYC Restaurant Adviser 