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The Restaurant Realty in 10 takes a direct approach to restaurant operations, facilities, real estate, and investments. Host, Michael Carro jumps to the meat of the issue in these 10-minute podcasts answering your restaurant and restaurant real estate questions by sharing his industry experience and interviewing experts on niche topics. Michael is a Restaurant Franchisee, Certified Commercial Investment Manager, founder of The Restaurant Realty Network, Restaurant landlord and tenant, and a Top Commercial Real Estate Broker. He is a lover of exceptional food and passionate about the Chefs behind the dishes.
27 Episodes
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DC Reeves, Owner and Co-Founder of Perfect Plain Brewing Co is in the studio today sharing what launched him into the craft beer world and how craft beer can impact a community.Michael wraps up the interview with rapid-fire questions where DC tells how much budget he would plan if he were rebuilding Perfect Plain today, and gives a budget breakdown on how he keeps his establishment profitable.Join Michael Carro, host of The Restaurant Realty in 10, for this engaging interview with entrepreneu...
Today Michael is joined by Alan Nickelsen, Executive VP and Commercial Banking Manager of Synovus Bank in Pensacola, FL.Alan shares the challenges that restaurants face to receive loans for building out and purchasing equipment for spaces that they lease. He shares which loans typically work for this type of restaurant owner, and what you can expect during the loan application process.Episode Highlights:SBA loans are government-backed loans that can help restaurant owners who lease thei...
Creating a consistant customer experience is all about the details. In this episode of The Restaurant Realty in 10, Will Shaw from Integrated Surroundings shares why automated system controls can enhance your customer experience. He discusses how these systems work and which brands he recommends the most to restaurant owners.For more information on The Restaurant Realty in 10 or to get the show notes head over to TheRestaurantRealty.com Subscribe to get new episodes that prov...
Lighting Expert, Will Shaw of Integrated Surroundings jumps into this episode of The Restaurant Realty in 10 to share his insight on using lighting to create the perfect atmosphere in your restaurant.What's in this Episode:Find out how to balance lighting across your restaurantDiscussion on how many lumens create a nice dining environmentDetails on how to transition your restaurant from a brighter lunch-time lighting to nice dinner lighting. PRO-TIP: Avoid a harsh manual transition!For m...
Closing a restaurant is not an easy decision. Today's episode of The Restaurant Realty in 10 host, Michael Carro, walks you through the steps you should take to make the process as simple as possible.When and How to Tell Your Staff That The Restaurant Is ClosingHow to Handle Subscriptions and Vendor ContractsHow to Properly Shut Down the Building to Avoid DamagePRO-TIP: If you are considering closing your restaurant make sure to reach out to your restaurant broker. You may be able to find a w...
In today's episode of The Restaurant Realty in 10 our host, Michael Carro has Greg Hazard back to discuss how you can optimize labor schedule at your restaurant.Greg has over 30 years of experience streamlining restaurant expenses to capitalize on opportunities to improve profit margins. Today Greg shares his tips for ensuring you have all hands on deck when you need it most, and how employee training time can impact a restaurant budget in unexpected ways.Episode Highlights4 key areas where y...
Food Hall popularity is growing quickly and you are seeing them pop up in unexpected places around the world.It may leave you asking if a food hall would make sense within your development? Or how could you maximize your unique site to serve multiple restaurant operators?In today's episode of The Restaurant Realty in 10 host, Michael Carro is joined by Food Hall Expert, Andy Simpson with Hospitality Design and Development to discuss what should be considered and planned for as a developer tak...
How much does adding a hood system to a restaurant kitchen cost? How does a hood system function? What type of upkeep should you plan on to properly maintain a restaurant hood system...and avoid a fire hazard?All this and more in today's episode.Host, Michael Carro, is joined by Don Theriot, Founder, and Owner of Kesco, Kitchen Equipment & Supply Co. Don explains how a hood system works within your restaurant and how to ensure it is properly maintained.Episode Quick Reference No...
*This episode was recorded remotely so please excuse the sound quality.Purchasing the best income-producing property for you depends on many personal factors such as risk tolerance and desired ROI.In today's episode of The Restaurant Realty in 10 we walk you through the basic principles and considerations of purchasing a property with a lease in place.These Triple Net (NNN) or Cap Rate Investments are one of the ways you can use commercial real estate to build personal wealth.For more informa...
Avoiding Loud Restaurants, Sound Absorption vs Sound Masking, and Choosing the Right Music Source. On today's episode of The Restaurant Realty in 10 host, Michael Carro, is joined by Will Shaw of Integrated Surroundings. Episode Highlights:How to Balance the Sound Floor of Your RestaurantWhen is Pink Noise Effective Why the Wrong Music Source Could Cost a Whole Lot More Than You May Think ($20,000 more in some cases!)For more information on The Restaurant Realty in 10 or to get the...
On today's episode of The Restaurant Realty in 10 host, Michael Carro is joined by Chef Blake Rushing. Chef Blake is Owner and Head Chef of Union Public House in Downtown Pensacola, FL. Find out more about Chef Blake and Union Public House at unionpensacola.com.In this episode Chef Blake and Michael share how they built a menu to bring true Southwestern Mexican flavors, reminiscent Michael's years in Arizona, to Pensacola.Find out:How to run a reliable taste testHow to create processes ...
In this episode of The Restaurant Realty in 10 host, Michael Carro, sits down with Greg Hazard, a long time restaurant entrepreneur who specializes in keeping restaurant financials in top condition. Today Greg is sharing practical advice on how you can reduce food costs in your restaurant. Greg discusses: Monitoring Food WasteManager and Employee MealsPortion ControlTheft Accurate InventoryFor more information on The Restaurant Realty in 10 or to get the show notes from today's show...
When you have decided that you would like to sell your restaurant business it can be daunting to know how to begin the process and what information will be most important to a buyer. Today on The Restaurant Realty in 10 host, Michael Carro, walks you through the documents you should prepare and give to your restaurant or business broker. Being prepared with the right data can get the right buyer exactly what they need to make a decision and avoid delays and lost deals.For more information on ...
As a restaurant operator moving into a space that has previously been a restaurant can save a lot of cash, but it comes with it's own considerations as you redesign the kitchen to meet your needs. Catch today's podcast where host, Michael Carro, is joined by Don Theriot, Founder, and Owner of Kesco, Kitchen Equipment & Supply Co. Don details how to update an existing restaurant kitchen and create a functional redesign for your restaurant. For more information on The Restaurant Realt...
*This episode was recorded remotely, sound quality may be affected.*Some high-profile restaurant franchises prefer building restaurants from the ground up, but in today's episode of The Restaurant Realty in 10 host, Michael Carro, shares why that may not be the best move for up and coming restaurant entrepreneurs.Find out what steps are required to turn a typical retail space into a restaurant and some of the pitfalls that can create for a restaurant owner.For more information on The Restaura...
On today's episode of The Restaurant Realty in 10 host, Michael Carro, is joined by Greg Litton of Everest Payment Solutions. Greg explains how credit card PCI compliance works for restaurants and steps you can take to remain compliant and avoid hefty fees."Accepting credit cards is now a necessary evil for restaurants, but you can mitigate your compliance fees."Key Take Aways:PCI stands for Payment Card Industry and is the “sheriff” for businesses that accept credit card payments.PCI Complia...
On today's episode of The Restaurant Realty in 10 host, Michael Carro, explains special lease details to consider as you re-sign a long-term restaurant tenant.He walks you through a conversation he recently had with a friend who wanted advice on how to retain a great restaurant tenant and put himself in a position where selling the building as a NNN investment may be possible in the future.If your goal has changed from “long-term hold” to considering selling a leased property as a NNN investm...
On today's episode of The Restaurant Realty in 10 host, Michael Carro, is joined by Chef Blake Rushing. Chef Blake is Owner and Head Chef of Union Public House in Downtown Pensacola, FL. In this episode Chef Blake is sharing what makes a great bar program, how his bar team crafts custom cocktails, and what a well-designed bar program can mean for a restaurants' bottom line. Find out more about Chef Blake and Union Public House at unionpensacola.com.For more information on The Rest...
On today's episode of The Restaurant Realty in 10 host, Michael Carro, dives into details about his first commercial real estate investment.He shares the mistake that led to him needing to find his first commercial investment in a hurry, and the lessons he learned in developing this property to producing over a 300% return on investment (ROI).For more information on The Restaurant Realty in 10 or to get the show notes from today's show head over to TheRestaurantRealty.com Subscribe to ge...
On today's episode of The Restaurant Realty in 10 host, Michael Carro, explains how to negotiate a Letter of Intent (LOI) for a restaurant tenant.He walks you through the different portions of a Letter of Intent and the special considerations a restaurant user should keep in mind. Clear negotiations in the LOI stage allows for you to get what you need most as you move forward and sign the lease.For more information on The Restaurant Realty in 10 or to get the show notes from today's show head...
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