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Navigating The Restaurant Real Estate Market in 2024
Manage episode 390304260 series 3135576
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Summary
In this episode, Kyle discusses the current state of the restaurant market and provides tactical advice on finding opportunities for restaurants. He emphasizes the importance of considering market dynamics, economic factors, consumer preferences, and emerging markets. He also highlights the shift from malls to lifestyle centers as a trend to watch. Kyle encourages restaurant owners to be adaptable and strategic in their approach to finding new locations.
Takeaways
- Consider market dynamics and demand when looking for restaurant opportunities.
- When forecasting and planning, evaluate economic factors, such as stabilized material costs.
- Pay attention to consumer preferences and emerging markets to identify potential areas of growth.
- Explore the shift from malls to lifestyle centers as a trend in real estate development.
- Be adaptable and strategic in your approach to finding new locations.
- Stay optimistic and take advantage of the opportunities available in the market.
Chapters
00:00 Introduction
01:00 Finding Opportunities for Restaurants
03:22 Market Dynamics
06:58 Economic Factors
10:14 Consumer Preferences and Emerging Markets
12:20 Shift from Malls to Lifestyle Centers
17:06 Expanding Your Concept
18:10 Taking Advantage of Opportunities
19:10 Conclusion
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- Email: kyle@four-turns.com
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