1.Parking is a must. People are lazy. There is just no way around it. If they have to walk a ways to get to your restaurant, they may opt to go somewhere else "more convenient." If you live in an urban area where everyone walks and there is public transportation, this is less of a factor. But if you are thinking of a restaurant location out of town, in a place that requires you to drive to get there, you'd better have parking available. If your restaurant location doesn't come with a large parking lot, is it near a municipal parking lot for patrons to use? Read more about tips for choosing a good restaurant location.
2.Visibility is important. Setting up shop in a location with either high foot or car traffic is ideal. Making your restaurant (or restaurant sign) visible to the public is like free advertising. It reminds them that your restaurant exists and they should stop by for dinner sometime.
3.Size does matter. Even the smallest bistro or coffee shop requires adequate space for a kitchen, walk-in refrigerator, dry storage and an office for paperwork. Your dining room needs space for a wait-station and possibly a bar. What looks like a huge space for rent can quickly fill up with all the equipment needed to open a restaurant. Read what other readers say about choosing a restaurant location.4.Understand The Curse. I'll admit, this one isn't scientifically proven, but I think there is still merit to it. Some locations house one failed restaurant after another. Soon people associate the space - not necessarily the individual restaurant- with bad service, poor food and lackluster ambience. Read more about buying an existing restaurant. 5. Put safety first. One of the first steps in choosing a restaurant location is finding out if the building is up to code. Does it have proper wiring, fire alarms, sprinkler systems, handicap-accessible doors, restrooms, ramps? A walk through the building with your local code enforcement officer will help you determine what needs to be done to a space before you open a restaurant. 6.Know your neighbors. When looking for a restaurant location, consider who else is doing business in the neighborhood. Are there already half a dozen restaurants with the same concept as yours? Is the area busy or full of empty storefronts? Successful businesses attract other successful businesses. 7.If you build it, they won't always come. Many restaurants are located off the beaten path and do quite well. But choosing to open a restaurant out of town, in a remote area is a gamble. Customers might visit for special occasions, but not on a regular basis. 8.You can negotiate your restaurant lease. Many people are surprised to find out that they can haggle with prospective landlords about a lease. Not just about the monthly rent, but also about who pays for things like heat, snow removal, lawn care, general maintenance. Don't be afraid to ask for concessions when looking to rent restaurant space. Read more about how to negotiate a restaurant lease. 9.Don't be impulsive. You may visit one spot and decide that it is "the one." But before you start sketching out the dining room, be sure to visit multiple sites. And visit prospective restaurant sites during different times of days, during the week and on weekends. For example, is the area really busy during the work day and dead at night and on weekends? Patience pays off when selecting a restaurant space. Read more about leasing a commercial space. 10.Understand the commitment you are making. Before you sign a multi-year lease, consider the consequences if your restaurant fails. It isn't pleasant to think about, but if you are roped into a five or ten year lease, your landlord can still demand monthly rent, even if you are out of businesses. Ask for a one or two year lease to start. Once you have established a successful restaurant, you can sign a longer lease.