Stage Three Franchise Site – Finding A Great Site
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Site Selection
Our focus for the first twenty locations will be Major Regional Shopping Centers. These typically have one hundred tenants or more, multiple anchor stores (like Nordstroms and Macys), one or two major food courts and tons of parking.
Facing steep competition from online merchants like Amazon, these mega malls are looking for experiences that can compete with online shopping, and Links Golf Cafe delivers.
Plus, we will seek low traffic or “dead wings” of these high volume shopping centers. This will allow for easy access for Members that want to bring their own golf clubs in, and easy, free parking at that entrance.
This will allow for the most affordable leases in shopping centers, while still having the advantages of the established traffic these Major Regional Shopping Centers have.
We will seek locations that are approximately 6,000 sq ft in size, and a minimum of 60 feet wide.
For a list of notable and large shopping centers across the US by state click here and by size click here
For a list of notable and large shopping centres across Canada by province click here and by size click here.
For a list of notable and large shopping centres across the United Kingdom by Region click here and by size click here.
Lease Negotiation
One of the special advantages of Major Regional Shopping Centers is they have the ability and incentive to provide Tenant Improvement funds (known in the industry as “TI’s”.
This is cash invested by a Landlord to help tenants build out their leaseholds.
The right location, with the right Landlord can lead to significant dollars.
One of our Founders used to work for the largest shopping center developers in North America, and has personally negotiated hundreds of leases, typically resulting in multiple months of free free, free CAM (common area maintenance costs) and cash for Tenant Improvements from $10 to $50 a square foot.
This cash is built in to the lease, typically over the term of the lease, at zero interest. So, for example, if a Landlord provides $10 a square foot, on a 6,000 square foot location, that would be $60,000. Spread out over a five year lease, that would be paid back, interest free, at $1,000 a month for 60 months. This would then reduce the overall construction budget by that same amount.
