Securing the right commercial real estate can be a critical part of building a successful business. After all, it can set you up with more exposure and increased operations. While finding the right property can be challenging enough when considering location, there are a number of other considerations that must be made to ensure the best possible outcome. Failing to take these factors into account can leave a business saddled with debt and a location that disallows it from fulfilling its needs
One example of what could be a successful commercial real estate transaction involves the owner of Drago’s Seafood Restaurant, who has purchased property near I-10 and College Drive for the purpose of opening a new location this fall. The location was previously a FYE. Although the exact terms of the agreement have not been disclosed, it is known that zoning changes were needed to secure a liquor license. The business is now in the process of acquiring approval for its remodeling plans.
Drago’s has been looking for a new location for some time. However, it likely took time to find the right location with appropriate zoning restrictions and acceptable terms. Finding the right deal requires persistence and keen negotiation, as well as knowledge about how to navigate certain laws and regulations.
This is typically best accomplished with the assistance of a qualified legal professional. These attorneys can help not only identify potential commercial real estate to purchase, but also ensure that the restrictions on the property are feasible for one’s business plan. Therefore, those who are thinking about a commercial property purchase should consult with a business attorney of their choosing before proceeding.