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landlord at the least would want you to pay % of revenue rent, utilities, and CAM. You'd go broke unless you have a legit revenue generating plan. But if you did have a plan to utilize vacant undesirable commercial property and generate big profits, you'd be rich just replicating that model across the US.
The general seating guidelines that should be observed are:
Fine Dining: 18–20 Square Feet
Full Service Restaurant Dining: 12–15 Square Feet
Counter Service: 18–20 Square Feet
Fast Food Minimum: 11–14 Square Feet
Table Service, Hotel/Club: 15–18 Square Feet
Banquet, Minimum: 10–11 Square Feet
So if you're at $4/SF NNN that spot costs you $600-800/month. Using $600, that's $20 a day assuming you are slinging it every single day. If you take a table with a $20 order all day, you just covered rent, no salaries, no cost of the drinks, no utilities, kitchen expense....nothing. The restaurant is losing money on you.
Now, if a place is empty anyway, and you've showered, so be it and tip your waitstaff very well (cuz they have a limit on tables they get generally) but if it starts filling up, the polite thing to do is to leave.
(But I know, you're going to get free rent)
Exactly, that's the main premise of this "wild idea".
Better yet, he is counting on free furniture, fixtures and equipment. Utilities as well.
Well, when bankers in ancient times decided to create 10 quid from 1 gram of metal and charge interest, nobody seemed to think that was wild. Billions are flooding the economy everyday backed by nothing but a digital number and that's not considered wild. At least this idea is offering something in return, it only needs the right partner.
As an adult, nothing in that appeals to me. Others have mentioned why it would fail. Plus free rent or not there is insurance and hoping no one trips and gets hurt. When the bars open up, the adults are leaving. But I had a thought... what if you changed your crowd and location? I live in a suburb with nothing for teens to do within biking distance and basically everything costs money. They need spaces to hang out with their friends once we get past Covid. What could you offer for them to entice them to come? What if you had something more like a rec center or a park with picnic tables where they could come and have a place to hang out. Offer season passes so they aren't spending money every day unless you had special events or classes like cooking or etiquette or sewing or bike maintenance. You''d have to have strict rules and appeal to the kids more likely to stay put of trouble. Some things would have to be designed to bring in money.
This isn't a fleshed out idea. Making money will always be the priority. I think you have to find a need first and then design your plan around it.
So lately the economy is crazy. There are zombie companies, stock market doesn't reflect main street, stats and data don't show the full picture, too many dynamics, local governments overstepping, etc. I feel many industries have become obsolete, or if not so tough to enter that only a fraction of the best established ones will survive and get bigger. I'm in the boat that restaurants and entertainment is generally toast post-covid19. Unless it's something new and trending into the future.
Your entire premise is flawed.
Human nature doesn't change post-covid19. If anything, pent up demand vastly increases demand for restaurants and entertainment, as many people appreciate these venues far more than pre-covid19.
You could try to execute your flawed idea, but I think going against the grain of consumerism and popular human desires is going to burn you badly.
Suppose you do find a landlord who likes the idea? What does he need you for? He provides rent, utilities, insurance, labor, repairs, maintenance, security, while you provide nothing. You don't even plan to be there; you are staying at your day job.
I suggest that you go back to the drawing board and figure out a business that doesn't depend upon someone else paying all your expenses for you. If you have a genuinely good idea, your new business will earn enough to pay it's own way without freebie handouts.
A bit aside from the main issue, just wondering. Does anyone play board games anymore? Everyone but a couple of senior citizens playing chess in the park is playing games on their computer. The old chess playing guys don't want to play chess where it is noisy.
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