Written for the person who owns the leases

Regional restaurant groups

Long hours, heavy trash and grease, late-night security, and marketing funds that grow every year without anyone agreeing to it.

The portfolio below is an illustration, not an average: change the sites, the footprint and the rate on the calculator and the arithmetic follows your own estate.

1. The arithmetic on a portfolio this size

   60 sites at 3,400 square feet and $12.00 per square foot is $2,448,000.00 of operating expenses billed in a year. At the $48,960.00 to $122,400.00 band typically recoverable on review, that is what a first pass puts at issue, before the years still open multiply it.

2. Marketing fund, promotional charges and landlord contribution

3. Trash and recycling

   Janitorial, landscaping, trash, pest, elevator, fire and life safety, signage: inclusion, controllable classification, year-over-year spike, benchmark outlier

4. Security: inclusion, gross-up eligibility, spike

   Janitorial, landscaping, trash, pest, elevator, fire and life safety, signage: inclusion, controllable classification, year-over-year spike, benchmark outlier

5. What your lease forms have in common

   Restaurant leases carry charges other tenants do not: promotional and marketing funds with their own escalators, waste and grease handling, and shared security billed on hours nobody audits. Each has its own clause and its own cap, and each is billed as though it did not.

6. Your portfolio will split three ways

   Some of your leases will let us act for you and take a share of what comes back, some bar it and are priced flat, and some bar a representative altogether and run in self-service with your team sending what we prepare. You get the split, site by site, with the clause reason for each, before anything is signed.

7. Start with five representative sites

   Pick five leases that look like the rest of the estate, send the lease and the last reconciliation for each, and you get the findings, the open years and the route per site. It is the fastest way to know whether the same error is on all of them.