They prove that nothing succeeds like success! Despite all the risks inherent in the restaurant business, there are a good number of established operations—independent, chain, and franchised—that are reaping significant profits thanks to two main factors: hard work and well-chosen locations. Although the menus may list anything from Mexican to Middle Eastern dishes, sushi to… Continue reading Getting into all the right places
In The News
Articles and press releases by and/or about Ira Spilky and Associates and the Win-Win Profit Solutions that Ira has created for his clients.
Southern California’s Westside corridor is experiencing its biggest compression factor in years, as demand far exceeds the supply of existing prime location opportunities in high-profile and entertainment venues. The supply is so scarce, there are over double the amount of inquiries currently on the market as there are available locations. New players from throughout the… Continue reading Demand for westside restaurants doubled in 1st quarter
IS A RESTAURANT CONSULTANT BEFORE A BROKER KNOWS THE TRADE AREA FROM A HOSPITALITY PERSPECTIVE KNOWLEDGE OF THE KEY RESTAURANT CORRIDORS IN THE TARGET MARKETS A KEEN GRASP OF RESTAURANT DEMOGRAPHICS HAS A CURRENT INVENTORY OF EXISTING AND NEW DEVELOPMENT LOCATIONS DEVELOPED A RELATIONSHIP NETWORK FOR BOTH SALES AND LEASE RESTAURANT COMPS KNOWLEDGEABLE OF COMPETITIVE… Continue reading Why Retain a Restaurant Real Estate Broker
Ownership’s personal passion and leadership for the Industry and his Company. Stick to the Knitting – staying on course-focused to your Business and Marketing plan. Handle and treat every location consistently as if it was your First. Project a statement, a signature and a brand that sets you apart from your competition – Ask yourself… Continue reading The Success Ingredients of Brand Development
Develop your location/site selection criteria or model as a business plan. Complete all due diligence including current and detailed demographic reports, traffic studies, parking field plans, and tenant mix. Verify that all land entitlements, licenses and governmental permits are in place and can be acquired to open your restaurant. Meet with city planning departments to… Continue reading The Realities of Restaurant Real Estate
We have all seen a variety of restaurant concepts in all categories and segments of the industry come and go over the years. They have begun with hopes and dreams and a business plan in hand to meet the expectations of their investors/stockholders and more importantly to satisfy the ever-changing demographics, pocketbooks and tastes of… Continue reading Success Ingredients of a Recession Proof Restaurant Concept
Expansion, growth, development, bigger, better–those continue to be common buzzwords among both chain- and independent-restaurant operators as they strive to maintain a competitive edge and expose their brands throughout their industry segments and market trade areas. To accomplish those objectives successfully–especially given the sluggish economy, the limited supply and huge demand for prime locations, and… Continue reading Real-estate 101: Operators sould set sights on locations that deliver long-term goals
During the past year there has been a steady flow to talented and investor-supported chefs who have developed a loyal customer following and reputation for a specific concept or cuisine and have ventured into the ownership arena of the restaurant business. Those determined individuals have begun the graduation journey from chef to restaurant entrepreneur. They… Continue reading Laying the groundwork for proper site selection