I found a cheaper spot for my second restaurant. Is lower traffic a dealbreaker?
I own a small restaurant and I'm thinking about opening a 2nd location. I found a spot that's about 30% cheaper than others I've looked at. The space is great, parking is easy, and the landlord has been flexible, My only concern is the foot traffic. It's noticeably quieter than the busier areas.
I've spent a few afternoons sitting in my car just watching how many people walk by, and the difference is pretty obvious. The lower the rent would definitely make the first year less stressful, though,
Folks who have been through this, would you take the cheaper rent or hold out for a busier location?