Second Time’s the Charm

Second-generation restaurant spaces are an increasingly popular and appealing option for landlords and tenants alike.The restaurant business is not for the faint of heart. It’s not exactly a secret that getting a new restaurant up and running is a significant challenge, with a high bar for entry that includes formidable logistical hurdles and financial obstacles. From site selection, to building out a space to a brand or proprietor’s specifications, starting at square one when opening a restaurant means navigating a long and often arduous journey. In a business where the margins are often tight even in the best of times, that steep initial hill to climb can put restaurant owners and operators in a tough spot. 

Today, 18 months after the start of the COVID crisis, in an industry forced to overcome the additional stressors and disruption of a global pandemic, that hill can seem even steeper. The good news is that despite the initial setbacks in the early days of COVID, many…