New Biz and New Opportunities Found in Failed Space

Even in this down economy, retail and restaurant businesses that are opening for the first time and those looking to expand are finding significant opportunities in newly vacated commercial space caused by tenant closings and failures.  Todd Amacher has been successfully representing a number of these opportunistic retailers, particularly those looking for vacated space, and is enabling them to realize thousands of dollars in savings while providing much needed activity and invome for property owners. 
"Prime locations that would have been economically unfeasible to the same tenant one year ago are now coming available at more affordable rates," said Amacher, "and with existing fully built-out restaurant space, a new operator will save significant start-up costs for equipment, furnishings, permits, and systems charges."
This trend in commercial real estate is one that several regional restaurant chains have been able to capitalize on.  Amacher represents the Muchas Gracias chain that, in the last 3 years, has opened more than 28 new locations in second generation restaurant space, despite an economic environment where many retailers are finding it difficult to keep their doors open.  "When former tenants pay for initial build-outs and equipment in restaurant space, new tenants taking over can see up to $100,000 dollars in savings in start-up costs and can utilize existing established locations," said Amacher, "this is a trend we will not see the end of soon."