How To Choose the PERFECT Restaurant Location 2022 | Restaurant Management & Small Business Advice

Looking to open a successful restaurant? Learn how to start a restaurant by choosing the perfect restaurant location!
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👀 ABOUT THIS VIDEO
Location location location! You'll hear this phrase a lot from others because your restaurant business' location is super important. It can mean the difference between a F&B shop closing within a year or staying open. That is why you need to really think about and do the work in finding that perfect restaurant location. Afterall, you'll be in that space for a long time.

In this video, I go over the 2 location types (High traffic location & Destination location), the 3 elements you need to consider when choosing your restaurant location, the 2 common pitfalls you MUST avoid and how you can use everything you learned through your location hunting journey to negotiate with your landlord for free rent or other perks. Throughout the video, I'll be letting you know my thought process when I was trying to find my location for my ice cream shop, 720 Sweets.

So if you're looking to learn how to start a restaurant business, how to open a restaurant, how to choose a location for restaurant, restaurant management tips, or in need of some small business ideas, keep watching!

HOW TO OPEN A SUCCESSFUL RESTAURANT BY CHOOSING THE PERFECT LOCATION IN 2021 | RESTAURANT MANAGEMENT
#restaurantmanagement #restaurantbusiness
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👤 ABOUT WILSON:
I’m Wilson, your new restaurant business partner. I’m here to help turn your food and beverage concept into a reality with expert tips & tricks for success.

I’ve helped hundreds of restaurant owners and entrepreneurs create explosive Food & Beverage businesses. You don’t have to take my word for it. I’ve been awarded Top 30 Under 30, Young Entrepreneur of the Year, Top 10 Emerging Entrepreneurs, and recently a Forbes Business Council Member.

Subscribe to see what everyone’s talking about and learn how you can achieve the same life-changing results.

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Send items to: 18th Floor 450 SW Marine Drive, Vancouver BC V5X0C3 Canada

[phokeenegood]

Hands down best educational restaurant and beverage video that I have watched. Very articulate. No BS. No gimmick. A lot of useful and pragmatic info. Thanks

[avaclarke]

I am teaching high school students how to start a restaurant. The section I'm writing plans for is finding a good location. I found your video very informative and easy to follow.

[mrez]

Hey Wilson. Love the content thank you. Had a question for you. In your experience do high foot traffic locations end up almost balancing with low foot traffic locations at the end of the year due to the fact that even though you might sell more in high traffic locations you end up paying a lot more rent. Interesting to see your thoughts on this. Thank you

[Loantt]

I enjoyed this video much, you don’t even know!😭🙏🏽 my life revolves around medical related, so now that I want to open a vegan restaurant/grocery ...it’s like a foreign language to me! And this video is so perfect at this time bc we’re looking for locations and I totally fell for the confirmation bias...I got too emotional with a location even when the rent doesn’t make sense for us!!! Do yo suggest I set my rent rate...and stick with and find locations that fit that rate instead of chasing all around town 🥰 thank you soooo much again!! Thanks for giving back! One of my mega size goals at the moment is to start my business, be super successful in it after many trials and errors ....then I come back and do what you do now, share my experiences with newbies like myself and show them the ropes so we all can learn, grow and succeed together ! I love it!🥰🥰🥰🥰

[rigelsy]

you literally SAVED my AP Econ grade. a million thank yous to you brother 🙏

[joesmith-zjec]

I really wish i could talk with you for advice. Im currently looking at 3 different locations each with pros and cons and im pulling my hair out. 1-attached to a busy gas station right at a highway offramp rent is 7500 a month. 2- inside a busy gas station but she wants us to modify our menu (which changes our brand drasticly) rent 2000 a month 3- destination location in a community which is our prime demographics rent 2000 a month but we have to cover construction costs. Im leaning towards 3 because its freedom but lot more work

[zakbdz]

The location i have in mind is on the same street as many very large businesses. At lunch there will be alot of people walking about to get food. However At the later evening time ive not seen many people there, is it still a good idea considering the high lunch time demand?

[rosyc.]

Thank you Wilson, I really appreciate your time .

[PW.]

I just recently discovered your channel. Thank you for the videos!
Would love to learn more about the destination restaurants. What are the key strategies or considerations to successfully develop a destination restaurant? Especially on how to draw customers (in my case, university students) to the location or to order online, and to come back and recommend you. 🙏

[dannorris]

Hey Wilson, thanks for the great video! It would be great to see some more videos on choosing a location, as I'm sure a big majority of your viewers are still in or before that stage, and as a landlord as well as business owner you must have a great view from both sides.



Maybe something with a little more detail like potential problems a location might have. For me this is one of the top risks to my future business that I am paying attention to. From talking to other managers I've heard so many stories of unexpected problems their location had when they moved in. From problems with the neighbours/soundproofing, to mold in the walls, and inefficient ACs that had to be replaced.



It would also be great to have some tips on the methods you use to search for a property? ie. real estate agents, classifieds, etc.?

Anyway keep up the great work! I absolutely love your videos and am definitely sharing/liking as many as I can :)

[eliasobayan]

Tons of thanks for you Wilson!
I appreciate your helpful advices

[courtneyziani]

What is considered “high traffic”? As you suggested I sat outside the location I’m interested in for 1 hour and 73 people came to the tiny strip mall (various stores). It was a Tuesday at 1pm. Is that considered “slow”? Thanks!

[JavieeBluntzTho]

Thank you for this video. I planned on building a restaurant. And with the gems that you just explained. Made me feel 10x more confident. I Will be looking for more help through out your content.. subscribing and liking ! Thank you again.

[aboveaveragemindset]

Always giving great information...thank you

[mustafakarimi]

Thank you so much 😍 such a helpful video for me thanks alot 👌🏻

[alphazygma]

@wilsonklee thanks for sharing this, it’s so valuable in my journey to start my ice cream business.
Thank you thank you

[andrewnguyen]

Hey Willson! Great videos! YOU INSPIRE ME.
I'm looking to start a dessert chain as well. I found one amazing location that is a great size and in the perfect community for our target market. I'm afraid negotiating with the landlord will lose our chances to other competitors looking to lease the property. Is that true?
How can I start my research to find shortcomings, or find out if the offered price appropriate for the location?

[mamasfoods]

Awesome sir, am learning a lot from you.

[apeksekerem]

Thank you for your sharing really appriciate it..im from kuching sarawak malaysia...i currently running soft serve ice cream shop....really need this

[daryamandra]

I have a question about my idea, I want to make a restaurant (or more like a cafe) for family's and teens but it'll be concentrated on soups and desserts (and of course I'll add something else to menu like salads and stuff) but I'm not sure which location is the best for this place....🤔 (btw I just found your channel, and I want to say that it's super helpful, thank you for uploading these videos)