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Restaurant
Feasibility Study

Wert-Berater, Inc. specializes in providing expert and reliable feasibility studies for Restaurant projects.

Restaurant Feasibility Studies

Quick Service Restaurant (QSR) Feasibility Studies

Casual Dining Restaurant Feasibility Studies

Fine Dining Restaurant Feasibility Studies

Family Restaurant Feasibility Studies

 

Our team of experienced professionals evaluates all aspects of the project to ensure its success – from project inception to construction and operations planning.

 

Choose us to help you make informed decisions for your Restaurant project.

Book a meeting to interview us, ask questions and view samples of our work.

Because of client project confidentiality, unfortunately we do not email samples to customers  - Client Confidentiality is Sacred.

Restaurant
Feasibility Study

At Wert-Berater, Inc., we are experts in Restaurant  feasibility studies, providing essential information to those seeking SBA 504, SBA 7(a), USDA B&I Loans or other commercial loans.

  • Quick Service Restaurant (QSR) Feasibility Studies

  • Casual Dining Restaurant Feasibility Studies

  • Fine Dining Restaurant Feasibility Studies

  • Family Restaurant Feasibility Studies

 

Our team of professionals is dedicated to delivering accurate and comprehensive evaluations of Restaurant properties, including market analysis, financial projections, and site assessments.

 

With our expertise and attention to detail, we help clients make informed decisions about their investments and develop successful business plans.

Whether your project is an expansion or new build Restaurant, we have the experience to provide a comprehensive Restaurant feasibility study that assist your decision making process and potential loan underwriting in compliance with  commercial loan requirements.

See our Experience Page for recent Restaurant Feasibility Studies completed around the nation.

FAQs

How do we do it?

Restaurant Feasibility Studies are carried out by a careful evaluation as presented in the following Feasibility Statement of Work which complies with  loan underwriting requirements.

We subscribe to reliable sources of data that are accepted by loan underwriters.

Will my Restaurant feasibility study be accepted by my lender?

We are approved by a vast network of Lenders, and Commercial Banks.  Prior to ordering your Restaurant feasibility study, if your lender in not on our list, we are pleased to provide our feasibility study consultant credentials including E&O Insurance, Sample Restaurant Feasibility Studies, references, and our resumes.

How much does a Restaurant Feasibility Study cost?

Depending on the complexity of the project and the time needed to have a completed Restaurant feasibility study ready, the cost varies from about $7,500 to $25,000.

How much time is needed for us to complete and deliver your Restaurant feasibility study?

This depends on our workload when you order your Restaurant feasibility study.  

RUSH orders cost extra, but can be completed in as little as 10-business days, providing you have the necessary items provided to us at engagement.

Generally, Restaurant  feasibility studies are completed in about 15 to 20 business days.  

What items do I need to provide to have a Restaurant Feasibility Study completed? 

Our Restaurant feasibility studies are comprehensive and intended for loan underwriting purposes.  

We normally request the following items when you engage us for a Restaurant feasibility study:

  • Parcel number(s)

  • Land cost

  • Site plan

  • Building renderings and dimensions  (SF areas and allocations) for all uses

  • Project cost breakdown

  • Land cost and when purchased or is it under contract

  • Leases or Letters of Intent, if market rent space

  • Resumes for all owners with 20% or more interest

  • Loan terms applied for including, interest rate and amoritzation

  • Copy of your business plan including your projections

  • Any appraisals

  • Any environmental reports (if a purchase, continuance or reposition project, all Phase I or Phase II Environmental assessments

  • If your lender has provided a Term Sheet, we would like to have a copy

  • Other items you deem important

  • Lender contact details

Restaurant Feasibility Studies

Restaurant Feasibility Study Statement of Work

Executive Summary

Restaurant Feasibility Studies are designed to comply with commercial loan application requirements. 

 

The Executive Summary includes the following items:

  • Project summary concerning the franchise (if any), planned improvements details and location

  • Loan request details

  • Project cost summary

  • Conclusions and Recomendations

2

Economic Feasibility

Restaurant Feasibility Study site analysis is a critical component of the project whether its of new construction, expansion or a repositioning project, a compete site analysis is completed summarized as follows:

Information regarding project site including:

  • Land area

  • Site locator maps

  • Zoning

  • Flood zone

  • Access and Road Service to the Site

  • Utilities availability

  • Availability of infrastructure

  • Visibility

  • Traffic counts

  • Neighborhood analysis

  • Radius Retail Buying Power

  • Radius Demographics

  • Household Incomes

  • Intended hours of operation

  • Site analysis summary 

  • Conclusions

3

Market Feasibility

The market feasibility section for a Restaurant feasibility study includes the following items.  The statement of work varies depending on if owner-user or market rent property

  • National industry overview

  • Local competitive analysis including existing, in-planning and under construction competitors 

  • Road way influences

  • Traffic capture rates

  • Franchise penetration rates, if franchised

  • Restaurant Market Potential Analysis

  • Restaurant Demand (Radius) Forecast

  • Radius Business Locator Analysis

  • Restaurant Expenditures

  • Market Asking and Effective Lease rates and rate growth rates, for market rent Restaurant properties as applicable

  • Lease Space absorption rates for market rent Restaurant properties as applicable

  • ARGUS Software Lease and Rent Roll Analysis for market rent Restaurant properties as applicable

  • Space Absorption Rates for market rent Restaurant properties as applicable

  • Gross Potential Revenue Estimates

  • Market Vacancies for market rent Restaurant properties as applicable

  • Lease Up Analysis for market rent Restaurant properties as applicable

  • Effective Rents Analysis for market rent Restaurant properties as applicable

  • Conclusions

4

Technical Feasibility

The technical feasibility study section for a Restaurant feasibility study includes the following items:

  • Suitability of the selected site for the intended use including an environmental impact analysis

  • Development and construction cost estimates

  • Commercial Replication risks

  • Regulation and Governmental Action

  • Conclusions

5

Financial Feasibility

The financial feasibility study section for a Restaurant feasibility study includes the following items:

  • Pro forma (10 years) (ARGUS Run)

  • Lease Up Analysis

  • Rent Roll Rollover Analysis

  • Discounted Cash Flow Analysis (DCF)

  • Internal Rate of Return (IRR) Analysis 3-, 5-, 7-, and 10-year hold

  • Debt Service Coverage Ratio (DSCR)

  • Sensitivity Analysis

  • Breakeven Analysis

  • Conclusions

6

Management Feasibility

The Restaurant feasibility management feasibility includes:

  • Management Agreement Summary

  • Summary of your experience and education, training for all owners with a 20% interest or more

  • Ownership interest summary

  • Availability of short-term credit

  • Tax issues

  • Company organizational chart

  • Type of legal entity and information concerning its formation

  • Conclusions

Why choose Wert-Berater, Inc. for your Restaurant Center Feasibility Study and what sets Wert-Berater, Inc. from their competitors?

We are a small and focused firm that specializes in feasibility studies since 1998 having over 25-years of experience.  

We are lender underwriting report focused, thereby your lender will be provided with the appropriate third party assessment of your project. 

We understand the loan underwriting process. 

 

Over the decades, feedback from lenders has helped shape our Restaurant feasibility studies to comply with underwriting demands.

Moreover, we have experience in a wide array of markets, franchises, Restaurant and lease types. 

We also evaluate competitor operating costs and refer to information provided by Reis, Inc., CoStar Group and Moody's Analytics.

We also subscribe to platforms such as RMA (Risk Management Association), ArcGIS Business Analyst, and Dun & Bradstreet which provides us with localized competitor financial data.  

Our Restaurant feasibility studies are bankable feasibility studies mostly used for to support loan applications. 

Get in Touch

Book an online Zoom Meeting to interview us concerning your Restaurant Feasibility Study needs

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