The most crucial step in establishment a successful eatery is finding a suitable location. If you want to lease or buy Revere restaurant space, it pays to have all of the help that you can get. Keep reading to find out how Boston City Properties can provide it.
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About the Revere Commercial Real Estate Market
A city of roughly 54,000 people, Revere sprawls over an area of around 10 square miles directly adjacent to East Boston. Many of its neighborhoods present prime opportunities for ambitious restauranteurs, including Crescent Beach, Franklin Park and Beachmont. The median household income is around $54,000 per year, which is on the lower end for Greater Boston, but businesses along major thoroughfares like Malden Street, the Salem Turnpike and Park Avenue tend to do quite well.
5 Tips for Leasing or Buying Commercial Real Estate in Revere, MA
- Keep an open mind – Don’t back yourself into a corner by having requirements that are too rigid for the spot that you need. Remember that a willingness to compromise on various points will make it easier to get the ball rolling. By keeping an open mind, you are less likely to miss out on something that could be perfect.
- Scout out prime locations – Take time to visit various parts of Revere to determine the best potential locations for your new eatery. Note that locations that are close to public transit tend to do well. Since the MBTA Blue Line terminates in this city, it is home to numerous stations, including Revere Beach, Beachmont and Wonderland.
- Set up a realistic budget – Ideally, your dining establishment should earn in one day the cost of one month’s rent. Be realistic about how much your business is likely to bring in, and then find a spot that won’t destroy your bottom line.
- Start slow – If you find a terrific spot, you may be tempted to sign a long-term lease. However, there’s no telling how things will go until they are actually underway. Avoid a major potential loss by sticking with a short-term lease at first and then upgrading to a longer one later.
- Get assistance – Your search will unfold more smoothly when you have access to the right help. Boston City Properties can refer you to a licensed local commercial real estate agent who can guide you through the process.
Why Boston City Properties?
When it comes to buying or leasing restaurant space in Revere, MA, it pays to have the right help. Boston City Properties is here to provide it in many ways. First, you can check current availability for the exact type of property that you need through our searchable online database of Boston commercial real estate listings. Next, you can stay on top of the latest developments in the local real estate markets by visiting our website on a regular basis. Finally, you can contact us for a referral to a Revere commercial real estate expert who can assist you further.
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Buying or leasing the real estate that you need for a Revere dining establishment isn’t easy, but it’s a lot simpler with the right help. Boston City Properties is here to provide it, so give us a call today for more information.
Revere Dining Scene
If you’re looking to develop a new dining establishment in Greater Boston, be sure to take a closer look at this exciting North Shore community. In recent years, development has skyrocketed across the city, increasing its visibility and driving up demand for new dining options. By teaming up with Boston City Properties, you can identify properties for sale suitable for the development of a new dining establishment. We can also give you referrals to experienced and talented local brokers and agents. Their insider knowledge will make it easier to navigate the local bureaucracy, helping you make your eatery development dreams a reality.
This charming Suffolk County city is situated on the ocean and offers many unique settings for new dining establishments. Known for its beaches, it offers many waterfront locations where outdoor dining patios are sure to attract plenty of business. The community also has many bustling commercial areas where eateries do well, including along Main Street, Winthrop Avenue, Revere Street and Ocean Avenue.
With the influx of newcomers over the last few years, dining options in this city are more diverse than ever. Naturally, there are plenty of eateries serving up roast beef, but you can also find everything from small plates establishments to funky pubs and to-go fast-casual joints. Several new housing developments have opened recently, further increasing the demand for new dining choices. From Mexican street food to sushi, just about every type of cuisine is represented – and does well – in this community.
Regardless of what you have in mind for your new eatery, you can’t go wrong by finding space to develop one in this North Shore city. Of course, competition is intense for the best locations, so it’s crucial to line up the proper assistance. The easiest way to do that is by connecting with BCP.
Sign up via our website to start searching our commercial real estate listings for Greater Boston right away. When you’re ready, we can also refer you to a talented local broker or agent who can help you navigate the local market like a pro. Please call Boston City Properties today for more information.