Yes, smoking is the theme of the day.
A client of mine wants to open a restaurant. But the spaces available are in areas where -- well, there is a qualified reason why these restaurant spaces are currently vacant and will stay vacant.
But I did notice a lot of restaurants are for sale as business opportunities. The financial times has wreaked havoc on many, many businesses -- not just restaurants. Fortunately, the national credit tenants in Las vegas for the most part are weathering the storm -- for now.
And, since there are several of these restaurant spaces are "taverns," this is probably the time to move and acquire one.
BUT, yes, it is a big butt, the smoking laws are playing trivia with us. Take for example Dotty's. It's been in the news because it's slot machines are assembled in "kiosks" -- not mounted in the bar. It has full alcohol service, too -- but, again, not in a bar shape; And, it has food! But since the food is pre-packaged and NOT coooked on site, so far, that seems to be exempt from the 2007 tavern smoking law.
So, my suggestion is to not wait for a specific property type to come available -- if you are considering opening a business. Or, if you are considering acquiring an investment site. If you are looking now, be willing to look hard and long. There are buys out there right now.
A client of mine wants to open a restaurant. But the spaces available are in areas where -- well, there is a qualified reason why these restaurant spaces are currently vacant and will stay vacant.
But I did notice a lot of restaurants are for sale as business opportunities. The financial times has wreaked havoc on many, many businesses -- not just restaurants. Fortunately, the national credit tenants in Las vegas for the most part are weathering the storm -- for now.
And, since there are several of these restaurant spaces are "taverns," this is probably the time to move and acquire one.
BUT, yes, it is a big butt, the smoking laws are playing trivia with us. Take for example Dotty's. It's been in the news because it's slot machines are assembled in "kiosks" -- not mounted in the bar. It has full alcohol service, too -- but, again, not in a bar shape; And, it has food! But since the food is pre-packaged and NOT coooked on site, so far, that seems to be exempt from the 2007 tavern smoking law.
So, my suggestion is to not wait for a specific property type to come available -- if you are considering opening a business. Or, if you are considering acquiring an investment site. If you are looking now, be willing to look hard and long. There are buys out there right now.
For Information about Las Vegas Commercial Investment Property, contact David Howes at: david@davidhowes.net