Owning a Restaurant: Pros and Cons of Buying vs Renting

If you’re in the process of searching for a site in which to open a restaurant - or if you wish to move or expand your existing business to an additional location - it’s important to consider whether you’ll be buying or renting.

In this article, we look at the pros and cons of both renting and buying to help you decide which approach will be best for your unique venture.

Buying Your Restaurant PremisesWhy might you decide to purchase premises for your restaurant? What are the downsides? In this section, we answer both of these questions.

An InvestmentProperty of any kind can represent a great asset for your business. As time goes by, your premises are likely to grow in value - particularly if you maintain them well and develop or extend them.

What’s more, if you decide to vacate and move to a different location or close down completely, you may decide to retain ownership of the land or building and rent it out to another business, thus creating a new income stream.

Of course…