According to the online census HelloPhiladelphia, Art, Entertainment, Recreation, Accommodation, and Food Services presently make up 8.1% of Philadelphia's industries. Which means that on average Food Services or Restaurants are about one fifth of that pie, approximately 1.6%. So there's lots of room for restaurant opportunities.
3 Keys to Keep in Mind
1.Site 2. Menu 3. Style
Site
If you start your search based on the future site of your restaurant there are a series of subjects to investigate and consider such as-location, price, size, people flow or tourism, hubs of public transport, parking availability, and competition also known as existing restaurants.
Location: Choose whether or not you want to be in a large city, small city, rural or suburban area. In this case you have already chosen a large city and a highly populated area. You could have set up in any large city but it's nice to know that Philadelphia gives you the most bang for your buck, with the cheapest price per square foot of any large city in the U.S.
click on pictures to enlarge or to connect to more informationSize and Price: Next you should focus on the size you want you want your restaurant to be and the amount you are willing to pay. There are a series of commercial real estate websites you can visit such as, http://www.loopnet.com/ or http://www.phillyliving.com/. It is helpful to know if you intend to have an eat-in or take-out restaurant when making this decision however it s not completely necessary. The following is a map of available commercial real estate in Center City.
If you have found other links you thought were helpful for locating available space, please share it below in the comments area.
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