We thought you’d be interested in this summary put together by Restaurant Trends Seminar partner, the Boston Restaurant Group:
In the past a “good” lease was always considered the most valuable asset of a restaurant.
Post COVID-19, it has become the restaurant’s greatest liability.
I realize how difficult the past few months have been for everyone in the restaurant industry and I just wanted to share with you my observations, based upon my personal experience as a commercial real estate broker specializing in the sale, leasing and appraising of restaurant businesses.
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This summary is presented for informational and educational purposes only, does not constitute legal advice, nor create an attorney-client relationship. For a full understanding of the issues, please contact counsel of your choice.