Restaurants for Rent - Cheap, Cheap, Cheap

Not only cheap, but you'll save $50,000 - $500,000 on renovations. So many restaurants have shut their doors in Florida that landlords are willing to rent restaurants that are broom cleaned and ready to open . . . just add food, drinks and waiters.

In fact, some landlords are so desperate that they will provide operators with free rent and leases based solely on percentage of sales. In many strip centers and malls, restaurants and the food court are vital to the life of the property.

So if you are considering opening a restaurant in Florida, now might be the time to start looking. But make sure you have a rock solid business plan, experience and the cash in the bank to get through the tough times. For many, we recommend a year's worth of expenses, and you'd better be prepared to lose it all. Restaurants are the at the top of business failures, because many people think they cook for friends and family, so they can make money cooking for others.

My family has been in the restaurant business for more than 30 years. I can tell you from experience, it is far more difficult than anyone imagines. Just like some people consider a boat, nothing more than a hole in the water to throw money into . . . for most people, a restaurant is just a place where your friends and family come to eat for free, and your staff rips you off, and if you are not careful, the health department and the tax man will be shutting you down.

So be careful, but if you know what you're doing or you have done this before, now might be the time to consider looking at some of the deals you can strike up with landlords.

For more information on Florida restaurant opportunities, feel free to email me at Mike@Morgan7.com