The Ultimate Loopnet.com Tutorial for Restaurateurs is a super detailed tutorial for restaurateurs.
In this new tutorial, you’ll learn, step-by-step, how to:
- Find restaurant properties for lease
- Save properties to a handy list
- Create and print reports
- Contact landlords and brokers
Let’s dive right in.
Why Use Loopnet to find restaurant spaces for lease?
What is Loopnet?
Loopnet.com is the largest commercial real estate marketplace.
If you are looking to lease a restaurant space, it’s an excellent place to start.
Restaurants are unique, and many restaurateurs are looking to lease restaurant space with an existing kitchen.
Loopnet.com advertises many types of properties, including multi-residential, office buildings, industrial, land, and shopping centers, to name a few.
Loopnet provides many search options
It’s critical to understand how to search for specific property types, such as restaurants.
This Step-by-step guide will teach you how to use Loopnet’s search features quickly.
Before getting started, you should decide if you will buy a restaurant or lease a restaurant.
This tutorial will walk you through looking for vacant retail and restaurant spaces on Loopnet that may require you to partially or fully build-out your area.
Simple 8 Step Guide to Find a Restaurant for Lease on Loopnet
Step 1
Start by creating a free Loopnet account and login.
Step 2
Select Advanced search from the main search page.
Decide if you are searching for retail space or existing restaurant space. In this example, we are selecting Retail.
Tip: If you only want to see space currently built-out as a restaurant, select “Restaurants”.
Step 3
Select the “lease” tab,
property type retail,
city culver city
and size range 1,000-2,000 square feet
View Search Results on Loopnet
The Loopnet search results returned 24 results. You can view the results on the map or a summary of each listing in the right column.
Step 4
Click either the map icon or the property summary to see a detailed description of the property.
How to Contact a Broker on Loopnet
Use the Loopnet contact form on the right to contact the landlord’s broker.
Saving Your List of Restaurants
Step 5
To save a list of properties on Loopnet, go to the search results page. Click on the heart icon.
A pop-up will appear. Click to create a new folder. For example, “West LA & Downtown”
Click the icon for each property you wish to save into the folder created.
How to View Your Favorite Properties
Step 6
Once you have saved all of the properties, click the Loopnet menu button on the top left side and select my favorites to view your list.
Step 7
Select My Favorites on the left sidebar of Loopnet
How to Create a Property Report
You will see a list of your saved folders.
Select the radio button next to your My Favorites list. In this case, “West LA & Downtown Restaurants.
Press create report
Step 8
Select one of the Loopnet report options. In this example, we will choose Listing Full Detail Report.
Your Loopnet report will display, and you have the option to edit and show some of the fields.
If you make any changes press update to generate a new report.
Rename the report so you can keep track of different reports you may run.
If you want to save a PDF version of the report, click download as PDF.
Search Tips:
If you do not receive many results, broaden your search.
For example, leave out a size range.
If you only want to view space currently built out as a restaurant space, use “Restaurant”.
Please be advised there will be many results that are not restaurant use.
Next Steps.
1) Sign-up for your Loopnet.com account
2) Try searching for a restaurant
3) Comment below about your results
4) Read “Restaurants for Lease-The Ultimate Guide to Leasing a Restaurant”