611: Adam Barnosky on Restaurant Real Estate and Leasing

Adam Barnosky is a member of the Ruberto, Israel & Weiner law firm based in Boston, Massachusetts. His practice is concentrated in the representation of real estate developers, restaurateurs, commercial landlords/tenants, cannabis operators/developers and hospitality industry clients in New England.

Joining me to ask questions and get the most out of this conversation is Andrew Wilkinson, founder and operator of Pizza Llama, a mobile wood fire pizza oven serving north eastern Maryland for the past 4 years.

Show Notes

Favorite Success Quote or Mantra:

• Adam: The people who make it look easiest are the ones working the hardest. Work hard, plan, and follow through.
• Andrew: Drop the (metaphorical) rope. Use it to get yourself up and drop it down for the next person behind you.

In this episode with Adam Barnosky, we will discuss:

• Letters of intent/leasing
• Commercial real estate focused on the hospitality industry
• The Boston scene's real estate/hospitality expansion
• Too many restaurants are opening - what do we do about it?
• Hospitality fees for back-of-the-house
• Lease vs. Letter of Intent (LOI)
• Zoning
• Licensing
• Exit strategies
• FAQs for leasing and restaurant real estate
• Andrew's story building Pizza Llama
• Going from making pizza for free to starting a pizza business
• Slow and steady scaling
• The need to scale back

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Please refer to Episode 569: David Denney on What To know Before Entering a Partnership for information on partnerships, as mentioned in today's episode.

RestauranOwner.com's Checklist for Restaurant Leasing

RestauranOwner.com's Nonbinding Letter of Intent draft

Contact info:

Adam's contact info:

Website: Ruberto, Israel & Weiner

Email: [e-mail]

Andrew's contact info:

Pizza Llama Instagram: @_pizzallama

Personal Instagram: @freepza

Thanks for listening!

Thanks so much for joining today! Have some feedback you’d like to share? Leave a note in the comment section below!

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Huge thanks to Adam Barnosky and Andrew Wilkinson for joining me for another awesome episode. Until next time!

 

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