Why use a broker?
FranchiseRealEstate.com will save you time and money! One of the reasons you considered purchasing a franchise is because you will be: “In business for yourself, not by yourself!” For this reason, FranchiseRealEstate.com partners with highly skilled, commercial real estate brokers, around the United States and you will work with a person IN YOUR LOCAL MARKET! This is important as each geographic area is different and a local commercial real estate broker partnered with FranchiseRealEstate.com ensures you are getting the best possible results in your real estate search and negotiations.
FranchiseRealEstate.com and it’s affiliated brokers are committed to saving their clients time and money in all commercial real estate transactions.
Simlified Site Location Selection: FranchiseRealEstate.com brokers carefully evaluate the franchisor-required criteria for your new site(s). During this process, research is compiled in report format to include: demographics, visibility, drive-by counts, neighboring tenants, condition of the property, local market lease rates and location competition.
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Aggressive lease negotiation. A commercial real estate lease may contain over 20 pages, all filled with legal terms and language that favor the property owner. FranchiseRealEstate.com brokers work to ensure a fair lease with reasonable terms. Just some of the terms and conditions FranchiseRealEstate.com brokers will negotiate on your behalf:
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- Net and gross price per square foot
- CAM (Common Area Maintenance) fees
- HVAC repair and maintenance
- Signage assistance (including local municipal permits, if required)
- Pre-sale approval
- Transfer of lease (to Franchisor or another entity/person)
- Lease renewal options
- Tenant build-out allowance
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Lower attorney’s fees. FranchiseRealEstate.com brokers work to understand your (and your Franchisor’s) specific lease requirements, and review and verify the language within the lease. This will decrease the amount of time your attorney needs to be involved, which will save you money. (Please note that all leases should be reviewed by an experienced real estate attorney and/or your Certified Public Accountant (CPA) before signing.)
Construction assistance. FranchiseRealEstate.com brokers have a trusted network of architects, construction firms and subcontractors, which are familiar with your type of project and pertinent state laws. Working with these professionals will save you time and money. In many cases, we have worked closely with your franchisor and the building owner/landlord/management company, and we can ensure specific build-out standards are achieved.
Real Estate Commissions: Who pays?
Many franchisees believe landlords/property owners avoid paying a real estate commission when franchisees (tenants) work directly with a property owner.
Actually, this is false. The landlord/property owner pays a commission to the real estate broker, not you. Though you may think the property owner will pass on commission savings to you, it doesn’t quite work that way. Whether you receive favorable tenant allowances and rent abatements has nothing to do with the commission. The truth is, most landlords own multiple properties, and it is advantageous for them to work with a broker. Real Estate commissions paid by landlords/property owners come out of their marketing budget. A respected and trustworthy commercial real estate broker, such as FranchiseRealEstate.com’s brokers, can help property owners fill their vacant spaces.
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