When a business decides to incorporate or expand, one of the considerations that must be taken into account -- particularly for retail -- is location. And it's one thing to simply find a location but another thing entirely to complete a commercial real estate transaction in order to acquire land and/or buildings that will be needed.
Along those lines, a popular restaurant change is about to make its presence more deeply felt in Louisiana in general and Baton Rouge in particular. A group that has a development agreement with Dairy Queen plans to open several outlets in near future. Their first new store is expected to open by the end of the year.
A group called Vicari Enterprises has an agreement in place with Dairy Queen for greater Baton Rouge as well as Northshore and New Orleans. Vicari recently purchased a vacant property in Baton Rouge for $500,000 with the intent of opening a store there. A person associated with Vicari said they are planning to open several locations in Hammond, Slidell and Ascension and Livingston parishes as well.
The group is hoping to buy vacant land for the new restaurants, but may be willing to consider leasing as well if conditions are right. With a host of real estate transactions on tap for the company in the next several months, there will likely be a multitude of contracts, construction and potentially litigation ahead. An experienced commercial real estate attorney could help to steer the process to avoid any potential pitfalls.
Source: The Advocate, "Dairy Queen to open BR site," April 8, 2012