Lease Terms You HAVE TO Know About When Starting A Restaurant & Small Business 2022

[@mahoganyreynolds]

"the devil is in the details" lol 😂 well you might wanna pray before you sign anything. 😂 great video!

[@Gravytrain894]

Ive watched countless videos about renting commercial spacing since im embarking on my own business and I can't tell you how wonderfully detailed your vid is! Compared to others, you have the softest voice and you explain it so thoroughly understandable, you make it exciting for me to jump into my business even quicker. Thank you Wilson, you earned my sub!

[@WilsonKLee]

Wow, thank you! Im happy to hear you found this helpful and motivating! Best of luck!

[@Carl0347]

Wow! Im in the beginning process of starting a business and doing my homework! This n ur other videos are extremely informative, something that one can only learn thru experience. Knowledge is power. Ur saving me from committing errors! Thank u Wilson!

[@arttsai7665]

100% Great Video! Many landlords will provide tenant improvement fees to go towards one's location of F&B establishment :) Also, do not forget potentially some leases may require paying common area maintenance [CAM] eg. strip mall/retail centres/busy locations. Some landlord may even require Triple Net Lease which may require the tenant to take care of insurance, property taxes and maintenance of the space leased which needs to be factored into the owner's operating expenses.

[@WilsonKLee]

totally! triple net and base rent should be added factored in together as the rent. sometimes triple net can add to 30%+ of the whole gross rent.. so becareful guys!

[@SERGE_Tech]

DUDE you just made a bunch of good related videos and I'm gonna watch all of them.

[@WilsonKLee]

Appreciate the kind words serge!

[@AllThingsVon1277]

Wow super information. I think I'll start with a good truck first . Too much red tape.

[@anthoniaerieguna2041]

Wow , I am close to early retirement and thinking of starting a business. I ran across your videos and they have helped me a lot. Thank you so much , what a fine young man

[@WilsonKLee]

Great to hear!

[@GDSAdvisory]

Loved the pointers, thanks Wilson!

[@lchai7012]

Learning a lot from you. Thanks!

[@WilsonKLee]

Glad to hear it!

[@karimerios5593]

Thank you!! You are absolutely amazing. I have learned so much from you. You are great teacher, you simplify the info and it is easy to understand each step.

[@sandychoi8165]

Thank you for the video. I am a new Real Estate agent and has no experience in commercial rental, and your video really helped me understand what to look for and things i can explain to my clients.

[@obeythecrownlifestyle]

I appreciate this video, I’m not in the restaurant industry, but I am currently searching for a storefront/warehouse space. This information is all around helpful and I am now even mor confident when speaking with brokers! Thank you

[@WilsonKLee]

Glad it was helpful for you! Best of luck with the brokers!

[@nataliewongg]

Wish I found your videos sooner!! I got not as great lease terms as I could’ve 😭

[@angelabowles1767]

Thank you. I took lots of notes. I am in the process of moving to our local mall. Fresh Food Matters in Nova Scotia

[@jeffharmed1616]

Thanks. Very useful and unique. On the last point of % of sales as commission, financial reports are proprietary information so some kind of trusted intermediate auditor is involved that has to be paid

[@johnjunior22]

One of the greatest videos so far.

[@tutorrio8150]

Hey Man, I thoroughly enjoy watching your vids. Its packed full of insights and practical wisdom. Thank you for sharing with your viewers.

[@WilsonKLee]

I appreciate you for tuning in!

[@paulmontoya3167]

Great and important information! Thank you sir! What a way to give back! Awesome!

[@WilsonKLee]

You bet!

[@rafaelriveramestre7976]

Thank you for your time. Being prepared is always nice.

[@KingdomKidzPPEC]

Thank you for this !!!!!

[@JadeMizhani]

This helped a lot . Can’t wait to find a location.

[@WilsonKLee]

Best of luck!

[@maxmcnamara8382]

Thanks so much for taking the time out to school us; this was extremely helpful.

[@Loantt83]

Wowww i learned so much with ur video compared to the 9 other videos I’ve watched! Thanks so much 🥰🥰

[@WilsonKLee]

Glad it was helpful!

[@indrajitgurung9828]

first of all thankyou sir i enjoyed watching your video its really informative .

[@Rayxnyc]

Very good presentation, easy to follow & great info.. Thanks 👍

[@WilsonKLee]

Glad you enjoyed it!

[@SERGE_Tech]

dang one of the best lease rental tips video thank you!

[@WilsonKLee]

:))

[@diasab]

Very good video, but I need to know how should I choose a good location for my restaurant, on what basis?

[@WilsonKLee]

I have another video on my channel that will help you with that :)

[@algordon5965]

Thank you for the intel.

[@ChawletMelk]

So you should ask for renovation subsidies AND free rent? For example they give you 4 months free rent for the renovation period, do you also ask for "free rent" for after the renovation period?

[@polkprincess2714]

Is 500 square feet enough for a Cuban sandwich shop ..pressed sandwiches

[@BlackSugarRibCompany]

Fantastic!

[@danschneider9524]

This was super helpful, with a competitive market for for prime space many landlords (or maybe the brokers) are looking for a franchised/corporate company for leasing spaces...... totally get their outlook for that security blanket of cashflow over a long lease...... but what can a small business do to get that competitive edge ?

[@WilsonKLee]

keep looking. landlords are bleeding now with b&m closing left and right. im lucky to sign a 5 year lease prior to covid to a tenant who has 2 locations + added her in as personal guarantor.

[@yourtimeyogawithyasmin9811]

Great informative video.

[@dolladolldoll2862]

Really informative video

[@WilsonKLee]

Glad you liked it!

[@vishnudevindran9787]

one of the best vids by far

[@WilsonKLee]

Thanks Vishnu! Are you starting a restaurant or food business?

[@vishnudevindran9787]

@@WilsonKLee hey Wilson, firstly appreciate the content! Actually I'm a student participating in a consulting competition to help failing F&B cope during and post pandemic. So I came across your video to get all the intel and I definitely feel more aware about the F&B landscape. Thanks again for the amazing content!!!

[@courtneyziani6045]

Super helpful, thanks for helping me not sound like an idiot (like I was before this video, lol) ❤️

[@WilsonKLee]

No worries Courtney! We all start from knowing nothing and this isn't exactly taught in school. Best of luck!

[@ishabee8789]

Thanks so much I learned alots

[@nubiaperojo5930]

Excellent presentation. Thanks

[@WilsonKLee]

Glad it was helpful for you Nubia!

[@antoniodossantos5960]

Thanks Wilson 🌎

[@Smokeygigieee]

Thank you very much for this great video!

[@WilsonKLee]

You're very welcome!

[@Loantt83]

Amazing content! Thank you so much 🥰 when they name you the price /sqft...how much room do you have in term of negotiating down? Right now they’re telling me $37+ $9 TICAMS...which is really high compared to some of the places I looked at...they had some tenants moved out , so I wonder they passed the higher cams to all the tenants still stay behind ? If I want to negotiate down the rate, it’s better to focus on the sqft rate instead of the cams right ? I’ve heard that ticams is often hard to negotiate since it’s pretty set . Thanks so much again! I didn’t realize I commented on this before ...which prove that I honestly found this sooooo helpful, and not just making meaningless comments🤣🥰🥰🥰🥰🖖🏼

[@ericahill4271]

Thank you so much for all your videos.

[@WilsonKLee]

You are so welcome!

[@brahimbechar7832]

Thanks, very informative.

[@WilsonKLee]

You're welcome! Let me know if you have any video topics you'd like me to cover in the future Brahim

[@seifkhalifa896]

Very useful video!! Keep the work up

[@WilsonKLee]

Glad it was helpful!

[@Ng-wp4sf]

I really enjoyed your video Thank you

[@WilsonKLee]

Glad you enjoyed it

[@diamondlee5156]

How do you bring up negotiating the rent and ect..??

[@grandmastersethy]

Great video! So helpful!

[@WilsonKLee]

Glad it was helpful Sethy!

[@petitplie]

They can not increase rent on a fixed term though, right?!

[@athenanimmer6439]

Super helpful 👌🏾

[@WilsonKLee]

Glad you think so!

[@capitalmusic7882]

Hi Wilson I’m new businessman and never have experience business before but I have finish bakery skill and I want to open a small bakery shop . So can you me tell what requirement landlord need to lease a retail space ? Thanks

[@oladejioladapo6618]

Hey man I need your help in looking at my response to a property I am trying to rent for my restaurant start up.

[@emmanuelbayonas6798]

Using these points to negotiate a lease for my barbershop, thank you for the info ! Definitely would not have had know all of this , great content 👍🏻

[@WilsonKLee]

My pleasure Emmanuel! Best of luck with the negotiations! Let me know how it goes :)

[@francisbraden1309]

you prolly dont care but does someone know a tool to log back into an instagram account?? I stupidly forgot my login password. I love any assistance you can give me

[@conorayaan5691]

@Francis Braden instablaster :)

[@francisbraden1309]

@Conor Ayaan I really appreciate your reply. I found the site through google and im in the hacking process atm. Looks like it's gonna take a while so I will get back to you later when my account password hopefully is recovered.

[@francisbraden1309]

@Conor Ayaan It worked and I actually got access to my account again. I am so happy! Thanks so much you saved my account :D

[@byoteeth2233]

you're so smart thank you

[@WilsonKLee]

Thank you for the kind words!

[@dear1975]

I'm watching

[@WilsonKLee]

Thanks for tuning in!

[@dannyvo9895]

Love your material. Really helpful as i am opening a new restaurant soon

[@Its_freemund]

What tax deduction/credit consideration should I know of if I (tenant) am to pay leasehold improvements on a retail (restaurant) space?

[@Donaldwonagin]

My wife is looking to buy a business of a restaurant. She has an application that is asking for her SSN and My (spouse) SSN and our drivers licenses. As well as our date of birth etc. My worry is Identity theft. Is the Seller allowed to ask for all this information?.

[@rudafitness9870]

If something were being financed I would assume so. Otherwise no

[@WilsonKLee]

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[@rochaalexandre105]

I'm trying to see which business is the most profitable in London

[@WilsonKLee]

any type that you're super passionate about?

[@rochaalexandre105]

@@WilsonKLee Hospitality , I would like to open my foodtruck

[@rochaalexandre105]

I like it but I don't have enough information,

[@BlueHen123]

Such basic advice here with grammar and other errors throughout. I'd never sign a lease with you!

[@arslanmoghal5472]

Nicely explained Thanks 👍

[@KrystalGuzman-l1s]

Thank you so much for this! Suuuper helpful!

[@Msbusinesss]

Amazing! Thanks for sharing this information

[@elkrenew]

Thank you. Good information 🥳

[@naomipino2722]

thank you for this very helpful information