Finding The Perfect Restaurant Space—What To Discuss With Your Broker

In today’s world of retail commercial real estate, few things get more buzz than a new and exciting restaurant concept. When we ask what people would like to see in a particular property or development, the vast majority of requests and comments are for restaurants. So this got us thinking, what do restaurateurs need to look for and consider when deciding on the best property to lease or purchase for their new concept?

At Crunkleton, we’ve helped a number of clients reach their goals of opening a successful restaurant. Here are a few things your broker needs to discuss with you before beginning the search for the perfect piece of property:

Concept & Clientele

The first thing we need to examine is your concept, who your customers are, and when they will be coming to visit. Is your concept open for all three meals of the day or just dinner? What will your busiest time of day be? Knowing your projected peak hours will help you determine if you need to be situated near a large daytime/work population or an area with a more active evening population.

You may also need to consider how commuter traffic affects your desired location. Do you need to capture the crowd heading to work during the morning hours? Or will you get more business after work hours? Determining these factors first will narrow down the areas that need to be considered, making your search more efficient while eliminating areas that wouldn’t be suitable.

We also need to consider local zoning laws. If you serve alcohol, then we need to make sure we search in the correct zoning district and may need to be a certain distance from protected uses, such as schools and churches.

Size & Special Features

Next, let’s determine what size space you need and if you require any special features such as a drive-thru or outdoor patio. One of the biggest factors in the success of a restaurant will be occupancy costs. Essentially, this is how much it costs you to occupy the space in relation to your sales volume. A space too large will drive up your occupancy costs by leaving you to pay rent on empty tables that aren’t producing sales. A space too small may limit the number of customers you can serve, therefore driving up occupancy costs by not producing enough sales to cover your expenses. Finding the appropriate size space is critical to long-term success.

These added features (like the patio or drive-thru) may be beneficial to your business and drive more customer traffic. Properties with these features generally cost more to lease or purchase, but the increased costs may be worth it in the long run.

Parking & Accessibility

Another important factor to consider is parking and accessibility. Like we mentioned previously, these factors will largely be determined by your concept. A lunch-focused restaurant may need to be more concerned with parking and convenience than a sit-down dinner concept. If your patrons will be pressed for time, having an abundance of parking close to the front door may be important.

Are you a quick-serve breakfast concept? Then you may want to be located on the “going-to-work” side of the road so customers can easily swing in and out during their morning commute and don’t have to waste time crossing traffic or waiting on a light to change.

Condition

Lastly, let’s talk about the condition of the space we need to be looking for during our search. Can you handle the initial build-out of the restaurant or do we need to find a space that has previously been a restaurant? Restaurant spaces have requirements that may not be in place in some of the properties we find, such as grease traps, vent hoods, adequate HVAC, etc.

Finding spaces that already have these features installed can certainly save time and money when it comes to build-out and getting open, but may be difficult to find and costlier to lease or purchase. Part of a broker’s job is knowing the market well enough to expedite your search and introduce you to spaces that fit your needs when it come to these necessities.

Obviously saving that time and money on build-out would be nice, but don’t let your decision on the final location be driven by the fact that the space is a second-generation restaurant space. We’ve put this last on the list because we believe from our experience that the other factors are more important to the long-term success of a restaurant than saving some money during the build-out.

Are you searching for the perfect restaurant space? Be sure to check out our full list of available restaurant spaces here.

And give us a call at 256-536-8809, or email us at info@crunkletonassociates.com. Our retail brokers would be happy to help you with your search and answer any questions you have.

SplitLine

Zac Buckley
VP of Leasing
Crunkleton Commercial Real Estate Group
ZAC@CRUNKLETONASSOCIATES.COM

 

Originally from Tennessee, Zac studied business management at Samford University. After moving to Huntsville in 2001, Zac started out his career in banking, wealth management, and financial planning. In 2010 he joined Crunkleton and has since become the VP of Leasing for the commercial real estate group where he focuses on retail leasing and development.

Advertisements

Construction Update: 117 Clinton Avenue!

Downtown Huntsville is evolving day-by-day, and we are always excited to share some of the progress that’s happening behind closed doors.

In February, we announced that the historic 117 Clinton Avenue building would undergo a major renovation and transform into Clinton Row’s next retail or dining experience. Construction crews have been hard at work, and the property has already taken on a new look inside.

Several walls have been removed, opening up the space and setting the stage for a truly unique shop or restaurant. A new rustic vibe has been introduced with the exposure of brick walls. And any built-in shelves, desks, and other décor from the property’s days as an office are gone.

Of course, this is just the beginning of the transformation! There’s a lot of construction still on the way. Here are some before and after images of the project so far.

BEFORE.

AFTER.

BEFORE.

AFTER.

117 Clinton will be a unique, urban atmosphere for its next tenant and be situated near many of Downtown’s major hot spots like The Garage at Clinton Row, the Clinton Row Shops, The Avenue retail shops, and the recently announced 106 Jefferson: A Curio Collection by Hilton boutique hotel.

If you’re interested in leasing this incredible space, contact us by email at info@crunkletonassociates.com or call us at 256-536-8809. Find the listing for this property here.

Be sure to stay tuned to our blog as we share more updates on 117 Clinton!

SplitLine
Make sure you’re staying on top of the latest trends, newest developments and hottest new stores in Huntsville by subscribing to our weekly blog updates!

haley_squareHALEY CLEMONS
MARKETING COORDINATOR
CRUNKLETON COMMERCIAL REAL ESTATE GROUP
HALEY@CRUNKLETONASSOCIATES.COM

5 Fun Updates In Downtown Huntsville!

One of the most exciting things about Downtown Huntsville is its focus on adding new and interesting concepts to the area. Whether it’s a new shop opening or the addition of an original mural, you’re sure to discover something fun each time you explore.

This week, we’ve put together a quick update on some of the latest additions and changes that have taken place in downtown over the past few months. Stores have expanded and evolved, new fitness classes have been added, and there’s even a new shop at Purveyor Huntsville!

Here are some things you should check out next time you’re enjoying a day downtown:

Clachic Boutique and 81 Home, Gift & Glam Expansion

If you’ve visited Clinton Avenue, you know it’s home to many unique retail shops. As Downtown Huntsville’s shopping scene continues to grow, it’s exciting to watch local entrepreneurs succeed in growing their business.

Clachic Boutique and 81 Home, Gift & Glam are located at the Clinton Row Shops, a group of downtown storage units that were transformed into retail in 2014.

At the shops, you will find passionate makers and shop owners who sell everything from handmade jewelry and monogrammed accessories to yoga classes and local art. Now with a new phase of complete build-outs taking place, Clachic Boutique and 81 Home are the first stores to be operating with a brand new look.

Clachic Boutique is a lifestyle brand mirrored after specialty boutiques in Europe that sell scarves all year round. Now, the brand has progressed to sell a variety of affordable women’s accessories and clothing including jewelry, hats, purses, and much more!

81 Home, which shares the space with Clachic, has gifts for the whole family including home décor, apparel, accessories, and small gifts.

You can follow Clachic and 81 Home, Gift & Glam on social media for the latest updates and available inventory.

Sonoma Shoppe at Purveyor

An all-new neighborhood wine and cheese shop, Sonoma Shoppe can be found at The Avenue apartments inside the hugely popular Purveyor Huntsville. And although Sonoma Shoppe is connected to Purveyor, it is its own entity.

Lined with a beautiful wine wall, Sonoma Shoppe has everything you’d need for a perfect picnic. Come shop from a selection of cheeses, chocolates, crackers, produce, vinegar, cookies, olives and olive oils—the list goes on and on. They even have a fridge where they keep chilled wine, root beer, kombucha, and more refreshments. Somona Shoppe is adding new inventory every day!

If you’re having a perfect night at Purveyor and you fall in love with a wine that you simply can’t live without, head over to see if Sonoma has it in stock. You can take it out of the store inside your brand new wine purse, courtesy of Sonoma Shoppe.

Hours for Sonoma Shoppe are:

Monday – Wednesday (Noon – 7 pm)

Thursday – Saturday (Noon – 8 pm)

Wheelys Mobile Café

When exploring Big Spring Park, you may run into the newest (and smallest) café on the block. Wheelys Café usually parks on the West side of the Historic Square near the park entrance and they are always serving up something new.

Wheelys calls itself a “new kind of coffee chain” that operates on a bike-powered cart. As the “world’s smallest café”, they also offer an assortment of teas, chips, desserts, small snacks, hot food, and soft drinks. You can be sure you’ll get the perfect afternoon pick-me-up or a delicious wake-up call on your way to the office.

Follow Wheelys on Facebook to see when and where they will be out and about. You can also see what goodies they will be serving at certain Downtown Huntsville events! At the Paddle the Canal Festival, for instance, Wheelys had lunch ready with a menu of tacos, Spanish rice, and quarter-pound hot dogs. Delicious!

Holmes Avenue Becomes Two-Way Road

Recently, Holmes Avenue converted into a two-way street bringing numerous benefits to commuters and pedestrians alike. The three-block stretch of Holmes between Jefferson and Lincoln now mirrors Clinton Avenue’s two-way traffic.

The change helps traffic move much easier downtown and makes the experience for shoppers and restaurant-goers much more enjoyable and easy to navigate.

Light On Yoga Fitness Continues to Grow

Light On Yoga Fitness, located at the Shops at Clinton Row, has expanded from its original 200 square feet to 750 square feet during its first year of business. In fact, the yoga studio has expanded a total of three times and has hopes to expand even more very soon.

Cathy Lighton, owner of the studio, was the only instructor when the business began. Now, the team is made up of seven yogis who teach various methods and styles of yoga.

One of the most popular classes at Light On is the Aerial Yoga class where students use one of the five silks that have been added to the space. They also offer a private Lyra Hoop class.

Kundalini Yoga is the newest addition to the schedule of classes. It incorporates movement, dynamic breathing techniques, meditation and chanting of mantras. Very soon, the studio will host an Acro Yoga Workshop and an Arm Balance Workshop, as well.

If you book a class at Light On Yoga, be sure to get a picture of the new angel wing mural painted by artist Robert Bean.

What updates or additions to the downtown area are YOU excited about? Let us know in the comments!

SplitLine
Make sure you’re staying on top of the latest trends, newest developments and hottest new stores in Huntsville by subscribing to our weekly blog updates!

haley_squareHALEY CLEMONS
MARKETING COORDINATOR
CRUNKLETON COMMERCIAL REAL ESTATE GROUP
HALEY@CRUNKLETONASSOCIATES.COM

Development Updates: “Times Plaza” & “Williamsburg Plaza”

There’s a lot going on in Huntsville in terms of development. In fact, an article recently released by al.com shares current U.S. Census figures that show Huntsville metro is still growing at a fast pace. We are always excited to be involved with this growth and help talented businesses become a part of the Madison County community.

As promised, Crunkleton will bring you updates on the progress of projects that we have already announced, and we have two for you today.

Read on below to see the latest from “Times Plaza” and “Williamsburg Plaza”!

Times Plaza

When driving past the old Huntsville Times site off the Parkway, you may have noticed the new sign that showcases renderings of the completed “Times Plaza” development.

We are thrilled to share the latest renderings of the project with you so you can see what’s coming. Check it out!

Times Plaza is the official name of the development that will be situated at 2317 South Memorial Parkway. It will be a mixed-use retail/office development that will house multiple exciting tenants including restaurants, boutiques, and more.

(We have a tenant announcement coming very soon, so check back here!)

Click here to see details on the property.

Williamsburg Plaza

Last November, we announced the addition of a new 8,200 square foot development coming to the corner of Highway 72 and Nance Road: Williamsburg Plaza. The site includes two confirmed tenants—Bank Independent and Aspen Dental.

As an addition to one of the city’s busiest retail corridors, it’s easy to see the development’s construction progress when driving by. Walls are up, and passersby can now make out the roof of the Colonial Williamsburg-style Bank Independent location.

According to the development team, “Construction continues at Williamsburg Plaza on the corner of Highway 72 and Nance Road. For the most part, the weather has cooperated and plans are on schedule. Williamsburg Plaza expects tenants to open up during the 4th Quarter of this year.”

Click here to see details on the property.

SplitLine
Make sure you’re staying on top of the latest trends, newest developments and hottest new stores in Huntsville by subscribing to our weekly blog updates!

haley_squareHALEY CLEMONS
MARKETING COORDINATOR
CRUNKLETON COMMERCIAL REAL ESTATE GROUP
HALEY@CRUNKLETONASSOCIATES.COM