The business of entertainment venue and restaurant real estate development can only be executed effectively when proper criteria are carefully analyzed. Subjectivity is usually most helpful in justifying self-serving interests, not what’s best for business. Foremark applies time-tested and proven methods and measures to assess its decisions.

Strategic Development demands a strategic plan that considers many facets of the business; geographic scope, brand awareness, available capital and management depth.

Strategy criteria includes, but is not limited to Trade Area Quality, DMA Health, Markets, Market Development Plan, Growth Rate, Average Unit Volumes, Comparable Sales, Visibility, Brand Awareness, Market Penetration, Customer Profile, Check Average, Casual Dining, Capital Structure, Access to Capital, Segment Competition, Target Intersection.

Site Acquisition begins with finding the best available real estate property in acceptable proximity to the targeted intersection that meets the site criteria as determined for the restaurant brand, then negotiating an acceptable Letter of Intent meeting the investment criteria of the client. All real estate decisions have risks. We are successful when we are able to identify, limit, and mitigate the risks associated with a real estate decision.

Site Acquisition criteria includes, but is not limited to Negotiation, Lease Terms, Tenant Allowance, Landlord Contribution, Co-Tenancy, Adequate Parking, Percentage Rent, Rent Escalations, Real Estate Comps, Proforma.

The most critical phase of development begins with the decision to move forward with a new restaurant or entertainment venue location. The pre-construction phase includes countless potential time delays and budget overruns. Good real estate development management identifies potential problems early in the process and proactively manages the permitting process.

Development Management criteria includes, but is not limited to Timeline Management, Permitting, Entitlements, Easement Agreements, Cross Access, Cross Parking, Impact Fees, Concurrency, Mitigation, Site Investigation Reports, Due Diligence, Civil Engineers, Tenant Coordinators, Planning and Zoning, Site Plan Approval, Building Department, Landlord’s Work, Pad Delivery, Certified Building Pad, Pre-construction.

Disposition requires that we determine the most financially viable solution to dispose of real estate that no longer works for a client.

Disposition criteria includes, but is not limited to Asset Management, Relocation, Underperforming Locations, Declining Sales, Trade Area Declines, Highest and Best Use, Redeploying Capital.